Edward Hazel of Goldman Sachs, Richard Taggart of State Streets Investment Management Services (IMS) and Susan Cosgrove of The Depository Trust & Clearing Corporation (DTCC) have joined Omgeo’s Board of Managers.
The boards 11 representative members of the financial industry are responsible for for representing the interests of all Omgeo’s clients as decisions about strategy, governance and operations are made.
Hazel is the global co-head of Securities Operations for Goldman Sachs. He is a member of the firms Operations Operating Committee and Operations Risk Committee, and serves as co-chair of the Americas Regional Managers Forum. Since joining Goldman Sachs in 1979, Hazel has held a number of leadership roles in the Operations Division and was named managing director in 2001. Hazel is also a member of the Board of Advisors of Rutgers Business School.
Taggart is a senior vice president at State Street Global Services. He joined State Street in March 2012 to head the Investment Manager Services business in North America, where he is responsible for business management and client service for investment manager clients using State Streets middle-office services. Taggart has held previous leadership roles at Alliance Bernstein, Morgan Stanley and JPMorgan Chase, and he previously served on the board of DTCC.
Cosgrove is the managing director and general manager of Settlement and Asset Services at DTCC, responsible for all depository businesses including settlement, underwriting, custody, securities processing, corporate action processing, and tax and issuer services. Cosgrove is a member of DTCCs Operating Committee, Management Risk Committee and the Strategy & Planning Council. Cosgrove has held previous roles at Lehman Brothers, Maxcor Financial Group and PricewaterhouseCoopers.
In addition to the newly added members, John Devine, formerly of Threadneedle Asset Management, Peter Johnston of Goldman Sachs, and Donald Donahue, formerly of DTCC, have stepped down as Board members.