OCC, the world's largest equity derivatives clearing organization, today announced the appointment of Tim Lipscomb, executive vice president and chief technology officer at Cboe Global Markets, as an Exchange Director on its Board of Directors. He fills the vacancy left by Chris Isaacson’s recent retirement from Cboe.

“We’re pleased to welcome Tim to our board as an Exchange Director,” said Steve Luparello, OCC Chairman. “He recognizes the importance of investing in and scaling technology infrastructure and new capabilities to keep pace with the evolving market. Tim’s expertise, grounded in deep experience across global markets and modern technology strategy, makes him a strong addition to our board as OCC continues to fulfill its mission to ensure the integrity and stability of the markets we serve while innovating for the future,” Luparello added.

Lipscomb brings with him more than 20 years of experience in technology for the financial markets. He joined Cboe in 2019 as Chief Operating Officer of Cboe Europe, leading software engineering, infrastructure and operational teams. Named Senior Vice President, Chief Technology Officer in 2022, he led Cboe’s global technology strategy and innovation efforts, overseeing key technology migrations and initiatives to improve market access, latency and customer experience. He was elevated to Executive Vice President in 2025.

Prior to joining Cboe, Lipscomb spent 20 years at Bank of America, culminating in oversight of Equities Electronic Trading Technology and European Equities Technology.

"We are grateful for Chris's steady leadership and the meaningful contributions he made to OCC during his tenure. He leaves the board stronger for his service, and we wish him all the best in this well-deserved next chapter," Luparello added.

About OCC

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 21 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

©2026. The Options Clearing Corporation. All rights reserved.

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