|Omgeo Names DTCC's Andrew Gray as New Chairman of the Board
Tim Collier of Thomson Reuters and Mark Bradbury of Deutsche Bank join Board to provide guidance as the company grows
New York/Boston/London/Singapore/Hong Kong – 7 August 2012 – Omgeo, the global standard for post-trade efficiency, today announced that Andrew Gray, Managing Director of Core Business Management for DTCC, has been named its new Chairman of the Board. Tim Collier, Chief Financial Officer 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. Omgeo’s Board of Managers is a vital part of the ongoing governance and industry oversight of the organization. Its members are responsible for representing the interests of all Omgeo's clients as decisions about strategy, governance and operations are made.
As Managing Director for DTCC, Mr. Gray is responsible for overseeing its core businesses including U.S. 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 DTCC’s Management Committee. Prior to joining DTCC in September 2009, Mr. Gray spent more than a decade with Merrill Lynch. Most recently, he served as Managing Director and Chief Operating Officer for Merrill Lynch’s Latin American and Canadian businesses. Prior to that, Mr. Gray held a number of senior strategy, finance and technology roles at Merrill Lynch.
Before joining Merrill Lynch, Mr. Gray was a principal at the consulting firm Booz-Allen & Hamilton, where he specialized in strategy, technology and business process redesign for financial services clients around the globe.
Tim Collier has worked at Thomson Reuters for the last decade in various capacities. In his current role as Chief Financial Officer, Financial and Risk Business, Mr. Collier is responsible for driving financial and risk performance, optimizing resources and enhancing growth through organic and strategic investments. He is also responsible for Customer Administration and Commercial Policy for the business, chairs the Operating Review and is a member of the Investment Committee. Before joining Thomson Reuters, Mr. Collier was Director of Group Treasury at United Business Media. Prior to that, he held a variety of financial positions in banking, culminating as a Managing Director for Chase where he was active in a broad range of banking activities from lending to mergers & acquisitions.
Mark Bradbury is Managing Director, Head of Global Equities Business Services, for Deutsche Bank, based in London. Prior to accepting this role in August 2009, he was Managing Director, Head of Group Technology & Operations Japan since September 2007. Throughout the course of his career, Mr. Bradbury has gained a wealth of experience in the investment banking industry both within and outside Deutsche Bank, holding various line and senior strategy roles across the middle office and operations. He has previously worked for Lehman Brothers, Credit Suisse and Dresdner Kleinwort.
In addition to the newly added members, David Turner, Chief Financial Officer, Markets, at Thomson Reuters, has resigned and is departing as a member of the Board. Donald F. Donahue, former President and CEO at DTCC, is stepping down as Chairman of the Board and will continue as a Board Member.
“Andrew Gray, Tim Collier and Mark Bradbury are welcome additions to Omgeo’s Board of Managers,” said Marianne Brown, President & CEO of Omgeo. “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.”
“I am delighted to be leading Omgeo’s Board to ensure the company’s continued excellence,” Andrew Gray said. “With a Board this talented, we will be well prepared to navigate the ever changing market Omgeo serves while remaining steadfast in our commitment to bringing increased efficiency and reduced risk to the financial markets.”
“I am extremely pleased to be joining the Omgeo Board of Managers,” Tim Collier said. “It is an honor to be among a group of such gifted professionals and have the opportunity to contribute to Omgeo’s future.”
“I am committed to the work Omgeo is doing for the global financial services community and strongly value the level of automation and efficiency the company brings to the market,” Mark Bradbury said. “I look forward to my new post on the Omgeo Board and working with my peers to help drive Omgeo’s strategy.”
Omgeo’s global Board of Managers is currently made up of 11 representative members of the financial industry, who play a vital part in the ongoing governance and industry oversight of the organization. Throughout the years, Omgeo has looked to its Board of Managers to help guide its strategic business decisions. This governance has ensured that Omgeo has been responsive, innovative and delivered value on investment throughout its history.
At Omgeo, we are the operations experts, automating trade lifecycle events between investment managers, broker/dealers and custodian banks. We enable 6,500 clients and 80 technology partners in 52 countries around the world to seamlessly connect and interoperate. By automating and streamlining post-trade operations, we enable clients to accelerate the clearing and settlement of trades, and better manage and reduce their counterparty and credit risk. Our strength lies with our global community and our ability to adapt our solutions to enable clients to realize clear returns on their investment strategies, while responding to changing market and regulatory conditions. Across borders, asset classes, and trade lifecycles, Omgeo is the global standard for operational efficiency across the investment industry. Formed in 2001, Omgeo is jointly owned by the DTCC and Thomson Reuters.