The OCC has appointed three member directors to its board, George S Fischer, Thomas A Frank, and Eric W Noll. 

Fischer and Frank have been elected to terms ending in 2018 on the equity derivatives clearing organisation's board of directors, while Noll was appointed to fill a vacancy with a term ending in 2017.

“OCC is transforming itself in the midst of a rapidly evolving marketplace,” said Craig Donohue, executive chairman of OCC. 

“The addition of George Fischer, Thomas Frank and Eric Noll to our board of directors supports our mission to provide exceptional risk management and innovative solutions to reduce systemic risk while operating as an at-cost utility.”

Fischer has over 12 years of experience delivering trading products and digital solutions to investors. He currently serves as the senior vice president of trading, margin lending and cash management for ETrade Financial. 

Before ETrade, Fischer founded the telecommunication software company NetAdvantage, and held management consulting roles with Navigant Consulting.

Frank has been executive vice president and chief information officer for interactive brokers since 1999 and has gathered significant expertise in technology and risk. Before this, he joined Timber Hill in 1985 where he was in charge of software development for automated pricing, risk management and trading systems. 

Noll has an extensive background in equity derivatives, Noll joined Convergex Group, an agency-focused global brokerage and trading-related services provider, as president in 2013, and also became chief executive officer in 2014. 

Previously, Noll was executive vice president of transaction services at Nasdaq OMX, in the US and UK, from 2009 to 2013. He also has held senior management positions at Susquehanna International Group, the Philadelphia Stock Exchange, and the Chicago Board Options Exchange.