DTCC/Thomson trade matching joint venture Omgeo has appointed Marianne Brown, former chief of the Securities Industry Automation Corporation (SIAC), as its new president and chief executive officer.
SIAC - a technology unit that is two-thirds owned by New York Stock Exchange and one-third owned by the American Stock Exchange - said last month that Brown had stepped down as chief executive office to join another company.
Brown joined SIAC as CEO in February 2005 from ADP Brokerage Services Group where over the course of her 26 year career at the firm she held various positions of increasing responsibility encompassing sales, product development and technology operations and development.
Commenting on the appointment, Sharon Rowlands, CEO, Thomson Financial, says: "Her (Brown's) expertise in managing high-speed, large-scale transaction processing, IT, data communications and client services will bring enormous value in helping us further grow Omgeo's reach and the scope of its services globally."
Brown's appointment will be effective November 1 2006.
At Omgeo Brown will replace Adam Bryan, who served as president and CEO for the past five years.
Bryan will join DTCC's senior management team in January 2007 as managing director for customer satisfaction and service, where he will lead the company's efforts to fully integrate all customer service functions. In this role, Bryan will report directly to Bill Aimetti, DTCC's chief operating officer.