Bodson becomes Chairman of OCC board of directors
28 July 2026 US
Image: OCC
The Options Clearing Corporation (OCC) has elected Michael Bodson, as a public director and chairman of the board of directors, following Stephen Luparello鈥檚 retirement .
Bodson brings more than 35 years of experience to the role, serving as president and CEO of the Depository Trust and Clearing Corporation (DTCC) from 2012 to 2022.
During his tenure, he led through a series of systemic market events, including the Knight Capital disruption, Superstorm Sandy, the Covid-19鈥痯andemic, 鈥痑nd meme-stock volatility, while strengthening the company's financial resilience.
Before his appointment as CEO, Bodson held several senior roles at DTCC, including chief operating officer, and spent two decades at Morgan Stanley in senior operations and financial control roles in the US,鈥疛apan,鈥痑nd Asia.
Since leaving DTCC, he has served on corporate boards and as an advisor to McKinsey and several asset digitisation and data firms.鈥�
Bodson states: 鈥淚 have always admired OCC for its strong risk management and processing capabilities 鈥� strengths that will be needed even more as markets undergo increasingly rapid transformations.
鈥淢y time at DTCC provided me the opportunity to see how critical market infrastructures are in maintaining highly efficient and resilient financial systems鈥痑nd I look forward to leveraging my experience鈥痶o positively contribute to this impressive organisation.
Bodson will succeed Luparello, who will be retiring as chairman in January 2027, after nine years of service on OCC鈥檚 board.
Luparello will remain engaged with the OCC as an advisor to the board.
Andrej Bolkovic, OCC's CEO, states: 鈥淪teve has been a staunch advocate and trusted adviser to me and the OCC Management Committee as chairman and member of the OCC board of directors.
鈥淒uring his tenure, we've seen unprecedented volume growth in options and futures trading, and OCC has set the benchmark for market stability and integrity.鈥�
鈥淗e's 鈥痟elped us advance our transformation and the development of a new clearing platform, Ovation, which is now open for scenario testing with market participants.鈥�
Commenting on Bodson鈥檚 appointment, Luparello says: 鈥淚've had the privilege of knowing and working with Mike for years, and I've seen firsthand the calm, disciplined leadership he brings in moments of crisis.
鈥淗e led DTCC with a steady hand and a clear understanding of how markets, operational risk and regulatory oversight intersect. OCC will be extraordinarily well-served by his leadership.鈥�
OCC has also announced the election of two new member directors, Matthew Hulsizer and Brian P. Donnelly.
Hulsizer is co-founder and managing partner of PEAK6 Investments, an Austin-based financial services and technology firm, and will serve as a member director.
Luparello states: 鈥淥ver the past two decades, Matthew has created or invested in more than 200 businesses, from options trading and clearing to鈥痗ompanies at the forefront of AI.
鈥淗e understands our business and the importance of transformation. OCC will鈥痓enefit鈥痜rom his expert counsel.鈥�
Donnelly is founder and鈥痗hairman鈥痮f RQD Clearing, a next-generation correspondent clearing provider offering clearing,鈥痗ustody,鈥痑nd execution solutions for the modern market.
He is also founder, chairman鈥痑nd CEO of Optimal Market Technologies, and a founder and director of Volant Trading.
Luparello adds: 鈥淏rian has contributed to several industry initiatives, including鈥痮ptions鈥痬arket structure, clearing, and financial market infrastructure. His insight and forward-looking approach will help OCC compete as the financial industry continues to evolve.鈥�
Bodson brings more than 35 years of experience to the role, serving as president and CEO of the Depository Trust and Clearing Corporation (DTCC) from 2012 to 2022.
During his tenure, he led through a series of systemic market events, including the Knight Capital disruption, Superstorm Sandy, the Covid-19鈥痯andemic, 鈥痑nd meme-stock volatility, while strengthening the company's financial resilience.
Before his appointment as CEO, Bodson held several senior roles at DTCC, including chief operating officer, and spent two decades at Morgan Stanley in senior operations and financial control roles in the US,鈥疛apan,鈥痑nd Asia.
Since leaving DTCC, he has served on corporate boards and as an advisor to McKinsey and several asset digitisation and data firms.鈥�
Bodson states: 鈥淚 have always admired OCC for its strong risk management and processing capabilities 鈥� strengths that will be needed even more as markets undergo increasingly rapid transformations.
鈥淢y time at DTCC provided me the opportunity to see how critical market infrastructures are in maintaining highly efficient and resilient financial systems鈥痑nd I look forward to leveraging my experience鈥痶o positively contribute to this impressive organisation.
Bodson will succeed Luparello, who will be retiring as chairman in January 2027, after nine years of service on OCC鈥檚 board.
Luparello will remain engaged with the OCC as an advisor to the board.
Andrej Bolkovic, OCC's CEO, states: 鈥淪teve has been a staunch advocate and trusted adviser to me and the OCC Management Committee as chairman and member of the OCC board of directors.
鈥淒uring his tenure, we've seen unprecedented volume growth in options and futures trading, and OCC has set the benchmark for market stability and integrity.鈥�
鈥淗e's 鈥痟elped us advance our transformation and the development of a new clearing platform, Ovation, which is now open for scenario testing with market participants.鈥�
Commenting on Bodson鈥檚 appointment, Luparello says: 鈥淚've had the privilege of knowing and working with Mike for years, and I've seen firsthand the calm, disciplined leadership he brings in moments of crisis.
鈥淗e led DTCC with a steady hand and a clear understanding of how markets, operational risk and regulatory oversight intersect. OCC will be extraordinarily well-served by his leadership.鈥�
OCC has also announced the election of two new member directors, Matthew Hulsizer and Brian P. Donnelly.
Hulsizer is co-founder and managing partner of PEAK6 Investments, an Austin-based financial services and technology firm, and will serve as a member director.
Luparello states: 鈥淥ver the past two decades, Matthew has created or invested in more than 200 businesses, from options trading and clearing to鈥痗ompanies at the forefront of AI.
鈥淗e understands our business and the importance of transformation. OCC will鈥痓enefit鈥痜rom his expert counsel.鈥�
Donnelly is founder and鈥痗hairman鈥痮f RQD Clearing, a next-generation correspondent clearing provider offering clearing,鈥痗ustody,鈥痑nd execution solutions for the modern market.
He is also founder, chairman鈥痑nd CEO of Optimal Market Technologies, and a founder and director of Volant Trading.
Luparello adds: 鈥淏rian has contributed to several industry initiatives, including鈥痮ptions鈥痬arket structure, clearing, and financial market infrastructure. His insight and forward-looking approach will help OCC compete as the financial industry continues to evolve.鈥�
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