Andrej Bolkovic Becomes New CEO at Chicago-Based OCC

Chicago-based OCC said on Wednesday that Andrej Bolkovic had been appointed as its new Chief Executive Officer. According to the press release, he will replace John P. Davidson, who is set to retire in the first half of 2023.

Bolkovic is currently the CEO of Akuna Capital LLC, and will join as CEO-Elect on October 3, 2022, the announcement noted. In March 2021, Bolkovic became the CEO OF Akuna Capital LLC and its affiliated broker-dealer, Akuna Securities LLC. From 2016 to 2020, Bolkovic served as Chief Executive Officer of ABN AMRO Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term Chicago LLC.

Aside from his role in the Supervisory Boards of EMCF and Holland Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term, he served on the Supervisory Boards of EMCF. As a member of the IT division of ING Bank, Bolkovic joined Capgemini Netherlands in 1995. From 2017 to 2020, Bolkovic served on OCC’s Board, Compensation and Performance Committee and its Technology Committee.

“We are pleased to welcome Andrej as our next CEO. His proven leadership skills, as well as deep technological and industry expertise will support our core mission of promoting stability and market integrity. In addition to his exceptional qualifications, Andrej’s familiarity with our organization and rapport with the Board and management team position him well to lead OCC,” Craig S. Donohue, the Executive Chairman at OCC, pointed out.

Bolkovic commented on his appointment: “It is a privilege to be appointed to lead OCC, an organization with a vital purpose supporting markets and investors. It has been exciting to see the progress OCC has made in enhancing its resiliency and performance over the last several years, including its investment in the Renaissance Initiative. I look forward to working with John, OCC’s Board and the Management Committee to continue to deliver excellence to market participants, regulators and the investing public, and to ensure the seamless transition that is required for a systemically important market utility. I also look forward to leading a team of talented OCC colleagues who share a common commitment to the critical role of OCC in supporting secure markets.”

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