Omgeo Adds Partners/Channel Sales Expert to Leadership
Boston/New York/London – 6 April, 2010 – Omgeo today announced the addition of Andy Hughes to the position of executive director, partners. This strategic hire marks Omgeo’s commitment to facilitating end-to-end trade processing by partnering with leading independent software vendors (ISVs) and technology providers around the world.
Mr. Hughes comes to Omgeo from Microsoft Corporation, where he held a variety of positions. Most notably, he was responsible for the creation and execution of a global partner strategy across financial services. This covered the selection and recruitment of ISVs and systems integration partners to create high margin, solution based revenue streams built on Microsoft’s core technology platform. He also worked extensively on developing partner based solutions focused on the buy-side of capital markets, especially in the areas of order management, portfolio management and accounting systems, and trade compliance.
The Omgeo Partner Program is a working partnership between Omgeo and leading global independent software vendors and technology providers that provide trading solutions for mutual clients in financial services. The program enables efficient market adoption of Omgeo's post-trade products and solutions, ensuring optimal business performance and a faster return on trading infrastructure investments for buy- and sell-side clients. Members of Omgeo’s partner program provide end-to-end solutions that increase operational efficiency, reduce risk and further automate the trade lifecycle for Omgeo’s global community of clients.
“Joining Omgeo’s world-class partner program will allow me to leverage my deep experience in working with trading technology providers and help them to maximize their investment in connecting to the post-trade space of Omgeo,” said Mr. Hughes. “I look forward to deepening the relationships with Omgeo’s strategic partners and extending the program into new asset classes and new geographies.”
“Andy’s depth of experience specifically aligns with our partner program,” said Tim Keady, managing director, global sales and relationship management at Omgeo. “Not only has he successfully expanded strategic relationships in the financial services arena, but he has worked with many of the order management systems providers that Omgeo already partners with.”
Prior to Microsoft, Mr. Hughes worked at Bloomberg in sales and sales management, as well as Dow Jones Telerate in sales and sales support. He holds an Honors Degree in Business Studies and a Chartered Institute of Marketing Diploma. Mr. Hughes is based in Boston and reports to Mr. Keady.
ABOUT OMGEOSM
Omgeo creates certainty in post-trade operations through the automation and timely confirmation of the economic details of trades executed between investment managers and broker dealers. Every day Omgeo enables an efficient community of more than 6,000 financial services clients in 46 countries to manage matching and exception handling of trade allocations, confirmations, and settlement instructions. Omgeo has also extended its trade lifecycle coverage to include counterparty risk management, which supports end-to-end collateralization and reconciliation across multiple asset classes. Leading organizations rely on Omgeo to help manage an increasingly complex investment industry by providing operational stability and solutions that complement the focus on profitability in an era of escalating trade volumes. 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.
For more information about Omgeo, please visit www.omgeo.com.
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