|Omgeo Appoints Nellie Dagdag as Executive Director for Sales and Solutions Delivery in Asia Pacific
Dagdag to further increase Omgeo’s local expertise in the AP region
New York/Boston/London/Singapore – October 11, 2011 – Omgeo, the global standard for post-trade efficiency, today announced the appointment of Cornelia “Nellie” Dagdag as Executive Director for Sales and Solution Delivery. Before joining Omgeo, Nellie was the President and COO of the Philippine Securities Settlement Corporation, the clearing and settlement entity for the Philippine currency and fixed income markets.
Nellie will be responsible for providing senior leadership at Omgeo for the Asia-Pacific region, and for driving strategic initiatives to accelerate the growth of Omgeo’s community of investment managers, broker/ dealers and banks located in Asia-Pacific. Nellie will also have oversight of the Omgeo Asia advisory boards, boards comprised of Omgeo clients that provide strategic guidance to the firm on evolving client and industry needs. Nellie is based in Manila, Philippines, and reports to Tim Keady, Managing Director for Sales and Solution Delivery at Omgeo.
Prior to that, Nellie was the President and Chief Executive Officer at the Philippine Central Depository, where she was responsible for spearheading the establishment of the Philippine central securities depository, which supports both the equities and the fixed income markets. Nellie joins Omgeo with almost 30 years’ experience in technology and financial services, most of which have been spent in the post-trade industry.
Commenting on the appointment, Tim Keady, Managing Director, Sales and Solution Delivery at Omgeo, said: “Omgeo’s Asia-Pacific community has grown by nearly 50 per cent in the past five years. Further expansion in the region continues to be a key priority and we remain focused on embedding Omgeo within local infrastructure through strategic partnerships with CCPs and CSDs. Nellie’s wealth of local knowledge and expertise, as well as her proven track record in the post-trade industry, will be invaluable to Omgeo’s growth in the region.”
Nellie Dagdag, Executive Director of Sales and Solution Delivery at Omgeo, said: “Omgeo’s rapid growth in Asia-Pacific demonstrates its understanding of the needs of the local financial community. The automation of post-trade processes continues to attract growing attention from both global and local buy and sell-side firms. It is an interesting time in the post-trade industry and I look forward to working with my colleagues to capitalize on the opportunities, and to respond to the requirements of Omgeo’s growing community in Asia-Pacific.”
At Omgeo, we are the operations experts, automating trade lifecycle events between investment managers, broker/dealers and custodian banks. We enable 6,000 clients and 80 technology partners in 46 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.