10:08 AM
IDCG Names O’Connor CEO
The International Derivatives Clearing Group (IDCG), a majority-owned independent subsidiary of The Nasdaq OMX Group, has appointed Garry O’Connor as its new CEO.
O’Connor succeeds Chris Edmonds who has stepped down to pursue other opportunities. Previously O’Connor was chief product officer at IDCG.
In a company statement, Vincent Viola, Chairman of the IDCG Board of Directors, said, “We are extremely pleased to have someone of Mr. O'Connor's extensive experience in the interest rate derivatives markets in a position to lead IDCG to commercial success.”
Added Eric Noll, Executive Vice President of NASDAQ OMX Group, “We are delighted with the selection of Garry O'Connor given his profound understanding of the OTC interest rate markets.”
Before joining IDCG O’Connor spent 17 years in the investment banking industry pricing and managing interest rate derivative portfolios. He’s held positions at Bankers Trust and Merrill Lynch in Sydney, Tokyo, Hong Kong and New York.