Omgeo Names Randy Guy New Global Head of Technology
- Reaffirms focus on innovation and reliability with appointment of industry veteran
- Brings renewed industry perspective and quality assurance experience to the position
New York/Boston/London – January 10, 2011 – Omgeo, the global standard for post-trade efficiency, today announced that Randy Guy has been named Managing Director of Technology. In his new role, Randy will focus on developing and executing Omgeo’s technology strategy, while driving product innovation, promoting efficiencies, and continuing to enhance service reliability. Dave Cutright, Omgeo’s former Managing Director of Technology, will continue to be an integral part of the technology team to ensure a smooth transition until his retirement in July, 2011.
Prior to joining Omgeo, Randy spent six years as Chief Technology Officer (CTO) of Linedata, a key Omgeo business partner. While there, he managed a team of 350 employees worldwide and was responsible for supporting 15 strategic products. Most recently, Randy spearheaded building out an off-shore development and quality assurance (QA) team in Tunisia, standardizing technology throughout the organization, integrating and consolidating product lines, and developing internal tools to drive a metrics-based project tracking approach for all products. Before that, Randy worked for LongView, which was acquired by Linedata.
Steve Matthews, COO of Omgeo, commented, “We are extremely pleased to welcome Randy to our organization. His extensive experience in overseeing a vast global team, thorough technological background, and strong client-facing skills enable him to bring the perfect mix to Omgeo. Having Randy at the helm of our global technology team truly exemplifies our dedication to reliability and technological development.”
Randy Guy, Managing Director of Technology at Omgeo, said, “As a long-term partner of Omgeo, I am very excited to be joining such an important industry organization. I look forward to working with the Omgeo team to continue to introduce market leading technology and systems in order to meet the evolving demands of our clients and the industry, while promoting efficiencies and technological advancements.”
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.
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