Thu, 11/08/2005 - 08:00
Omgeo has appointed John Burchenal as managing director to lead the company's Asset Class Expansion strategy.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Burchenal, who will serve as a member of Omgeo's Executive Team, reporting to president and CEO Adam Bryan, will be responsible for accelerating Omgeo's efforts to expand into additional asset classes on a global scale, beyond equity and core fixed income trade processing. This drive began three years ago with the launch of Omgeo's fixed income initiative and included the formation of a Client Working Group designed to provide an active forum for cooperation with and feedback from Omgeo's client community.
Leveraging the success of the fixed income initiative, Burchenal will spearhead the expansion into other asset classes to provide clients with access to a wider variety of instruments for their post-trade, pre-settlement efficiency strategies.
Burchenal brings with him 18 years' experience in the financial services industry, including expertise in product management, sales and business strategy.
Most recently at Thomson Financial TradeWeb, he served as director of Straight-Through Processing Services and was responsible for AccountNet and TradeXpress. He also managed TradeWeb's connectivity partnerships with third-party financial software providers. Prior to that, Burchenal held management positions at Citibank, DLJ and Lehman Brothers. He holds a B.A. in Economics from <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Trinity College in Hartford, Connecticut.
"As we continue to address feedback from clients regarding their pain points around trade processing, we have been steadily strengthening our commitment to promote greater efficiency in multiple asset classes," said Bryan. "We believe Mr Burchenal's experience and expertise in STP and post-trade processing across a broad array of asset classes will help us to accelerate this momentum. He is an excellent addition to Omgeo, and we look forward to leveraging his talents."
Speaking abour his new role, John Burchenal commented: "I am pleased to be joining such a strong team at Omgeo. Given the securities market's appetite for trading in non-vanilla instruments, I am looking forward to helping Omgeo deliver solutions to the industry that will enable the back office to keep pace with front-office trading strategies."
Background notes: Omgeo is the leading provider of post-trade, pre-settlement trade management solutions, processing over one million trades per day and serving 6,000 investment managers, broker/dealers and custodians in more than 40 countries. The company partners closely with service providers, infrastructure suppliers, industry standards organizations, and its clients to increase operational efficiency and reduce risk for the world's investment management community through STP solutions.
With 32 combined years of experience, Omgeo is the result of a global joint venture between The Depository Trust & Clearing Corporation (DTCC), the securities industry's respected utility, and Thomson Financial, a leading provider of financial workflow solutions. The company's Board of Managers includes recognised global experts who provide industry oversight and help shape the vision of Omgeo.
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