Omgeo has named Andrew Gray, managing director of core business management for the Depository Trust and Clearing Corporation, as its new chairman of its board. He will replace Donald Donahue, former president and CEO at DTCC, who is stepping down as chairman of the board and will continue as a board member.
Tim Collier, CFO of Thomson Reuters Financial and Risk Business, and Mark Bradbury, managing director, head of Global Equities Business Services, at Deutsche Bank, have also joined as members of the Board.
As managing director for DTCC, Gray has oversight of its core business including US Clearance and Settlement of equities and fixed income products, Asset Services, Wealth Management Services, Insurance & Retirement Services and Data Services as well as the Marketing & Communications group. He is also a member of DTCCs Management Committee. Prior to joining DTCC in September 2009, Gray spent more than a decade with Merrill Lynch where he held a number of senior strategy, finance and technology roles. Most recently, he served as managing director and COO for Merrill Lynchs Latin American and Canadian businesses.
Tim Collier has worked at Thomson Reuters for the last decade in various capacities. In his current role as CFO, Financial and Risk Business, Collier is responsible for driving financial and risk performance, optimizing resources and enhancing growth through organic and strategic investments.
Mark Bradbury is managing director, head of Global Equities Business Services, for Deutsche Bank, based in London. Before joining Deutsche Bank in August 2009, he was managing director, head of Group Technology & Operations Japan since September 2007.
In addition to the newly added members, David Turner, CFO, Markets, at Thomson Reuters, has resigned and is departing as a member of the Board.
Commenting on the new appointments, Marianne Brown, president & CEO, said: Andrew Gray, Tim Collier and Mark Bradbury are welcome additions to Omgeos Board of Managers. Their talent and collective expertise in financial services and international operations management will help us to navigate the ever changing financial landscape and drive even greater value for our global community. In addition, we graciously thank Mr. Donahue and Mr. Turner for their time and expertise and we look forward to continued contributions from Mr. Donahue as a Board Member.
Omgeos global Board of Managers is currently made up of 11 representative members of the financial industry.
(JDC)