Michael McClain

Become a sponsor »

Michael McClain Occupation Managing Director and General Manager of Equity Clearing Employer Depository Trust & Clearing Corporation Location Chicago LinkedIn Profile Michael McClain is a derivatives clearing executive who joined the Depository Trust & Clearing Corporation (DTCC) as managing director and general manager of equity clearing in April of 2017. Before joining the DTCC he spent 15 years with the OCC, most recently as president and chief operating officer. He left the company in March of 2017. Background Previously at OCC, McClain led the development and execution of OCC’s business and technology strategies president and COO, and was responsible for all aspects of the firm’s operations and administration functions. As COO he oversaw OCC's technology and operations, which comprises approximately two-thirds of the organization's workforce. Prior to that, McClain served as executive vice president and senior vice president, business operations, and as senior vice president, production operations, where he was responsible for managing OCC’s remote business sites. Before joining OCC in 2001, he held positions at Accenture and IBM, where he specialized in large-scale initiatives for the financial services industry. McClain currently serves as a member of the advisory board of directors for the International Options Market Association (IOMA). He previously held positions on the Securities Industry Financial Markets Association (SIFMA) Operations and Technology Steering Committee, the Futures Industry Association, and OCC’s Operations Roundtable. Education McClain graduated with an M.B.A. from the Kellogg Graduate School of Management at Northwestern University and a B.A. from Lewis University. Resources The Options Clearing Corporation References

JLN News Feed Hedge or Be Damned Is the Election Mantra: Trading Brexit; China’s Unfazed Yuan Traders Bet Tariffs Won’t Be Hiked Digital Asset BitLicense Wall Street Is Being Hunted by Futures Cops for Government Leaks; Wall Street Watchdog Joins Banks in Fretting About Zombie Libor Sponsor News CME Group Declares Annual Variable Dividend Geopolitical Risks & Trade Tensions Surge as Top Risk to Industry in 2020 According to New DTCC Risk Survey Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date November 29, 2019 DTCC’s MF Info Xchange Launches Capabilities as User Base Grows to 134 Clients Nasdaq Launches Sustainable Bond Network We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter. FREE 90 day trial