 George Hender,
management vice chairman of Options Clearing Corp. (OCC) in Chicago
and president since 2004 of the Options Industry Council (OIC),
took on a new role in June: He succeeded Donald Donahue, president
and CEO of New York-based Depository Trust & Clearing Corp., as
chairman of the Financial Services Sector Coordinating Council for
Critical Infrastructure Protection and Homeland Security (FSSCC), a
private-sector industry body that shares information and best
practices in the interest of security and disaster preparedness.
In this new role, to which he was appointed by the Secretary of
the Treasury, Hender will be utilizing his experience in the
options industry to help the financial services sector ensure that
breakdowns such as those that followed the Sept. 11, 2001 terrorist
attacks do not recur. FSSCC was formed in spring 2002, with Rhonda
MacLean, then Bank of America Corp.'s chief information security
officer and now CEO of Charlotte, N.C. consulting firm MacLean Risk
Partners, as chairman.
Even after the recent improvements
affecting the vast majority of CDS volume, there is still a need to
find the right mix of technology and personnel to make sure that
all the bases, some still manual, are covered.
Hender, now the third executive to head FSSCC, has been with OCC
since 1987. He has previously served as EVP and director of
BancAmerica Options and Tague Securities Corp. He has been a member
of the board of governors of the Philadelphia Stock Exchange, and
the board of directors of Options Clearing Corp. and Stock Clearing
Corp. of Philadelphia. |
