The U.S. Treasury Department has named George Hender to succeed Donald Donahue as head of a group that helps prepare insurers and other financial services companies for the unthinkable.
Hender will be sector coordinator and chairman of the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security.
The FSSCC works closely with the Treasury Department and other federal financial agencies to coordinate private financial services companies’ preparations for terrorist attacks, natural disasters and other events that might disrupt business.
Hender, management vice chairman of the Options Clearing Corp., New York, has served as FSSCC vice chairman since September 2004.
Donahue, a top executive at the Depository Trust and Clearing Corp., New York, has been chairman of the FSSCC since 2004.