OCC, the world’s largest equity derivatives clearing organization, has appointed David Ridgway, a former senior risk management executive with BNY Mellon, as senior vice president, enterprise risk management. Ridgway reports to Executive Vice President and Chief Risk Officer John Fennell.
Ridgway joins OCC from BNY Mellon, where he served from October 2013 to the present, most recently as North America head of risk, investment management. In this role, Ridgway was responsible for providing risk support, oversight, and advice across all risk classes with respect to the North American asset and wealth management business, distribution businesses, and support functions, with total assets under management of $1.6 trillion. He also was the risk management advisor for strategic growth initiatives, acquisitions and new business, and originated and led the implementation of risk appetite within asset management, partnering with the executive team and serving as a member of the investment management risk committee.
Prior to BNY Mellon, Ridgway was the interim head of corporate and operational risk for Threadneedle Investments from April to September 2013, where he had global responsibility for all aspects of corporate and operational risk management for the London-based asset manager with assets under management in excess of $100 billion. Previously, Ridgway was global head of operational risk for BlackRock in New York from November 2009 to March 2013, where he had global responsibility for all aspects of the firm’s operational risk management across all products and geographies with assets under management of $3.8 trillion.