New York, Boston, London, Singapore, Hong Kong - Omgeo has 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.

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.

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.

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.

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."