Omgeo, the leading provider of trade management solutions, today announced the addition of John Devine of Merrill Lynch (ML), and Marianne G. Doan of The Northern Trust Company (Northern Trust) to its Board of Managers.
Diane Schueneman of Merrill Lynch, a five-year veteran of Omgeo's board, has retired her position due to increased leadership responsibilities at her firm. Omgeo's Board of Managers is a vital part of the on-going governance and industry oversight of its organization. The twelve members of the board are responsible for representing the interests of all Omgeo's clients as decisions about strategy, governance and operations are made.
John Devine is managing director at Merrill Lynch, responsible for global integrated client services for global markets and investment banking, and head of the all client services and operations across the Europe, Middle East and Africa regions. He has over 18 years of extensive international experience at Merrill Lynch, including CFO assignments for various groups in Europe, Asia, and the United States. Previously, Devine held positions at Prudential Bache Securities and Manufactures Hanover Trust Bank and started his career as a graduate trainee on the NHS's executive management program. He is a member of the Chartered Institute of Public Finance and Accountancy.
"John Devine brings tremendous value to Omgeo's leadership," said Richard Macek, chairman of Omgeo. "His global experience with client service correlates directly with Omgeo's presence around the world and our desire to further enhance the solutions we offer our clients in various markets. We thank Diane Schueneman for her hard work and dedication over the past five years on Omgeo's board and wish her the best with her increased responsibility, and are pleased that John will continue Merrill's presence among our leadership."
"Being a member of Omgeo's Board of Managers will provide me with an opportunity to lend my experience of accessing and operating in the various markets and asset classes around the world on behalf of our clients to further enhance the solutions Omgeo provides to the market place," Devine said.
Marianne Doan is senior vice president and head of investment services and valuations. In this capacity, she is responsible for Northern Trust Global Investments' back office activities and accounting, reporting and valuations services for worldwide personal and institutional clients. An 18-year veteran of Northern Trust, Doan has also held roles including senior vice president and deputy head of asset servicing where she was responsible for all major functional areas of operation including trade, income collection, foreign tax reclaim, corporate actions, securities lending and foreign exchange operations; and vice president – manager of electronic banking services, where she had functional responsibility for major cash operations.
"We are pleased to welcome Marianne Doan to Omgeo's Board of Managers," added Macek. "Particularly as Omgeo continues to broaden its solutions to a wider client base, both regionally and in regards to asset classes, expertise such as Marianne’s is increasingly invaluable in achieving that goal. Her custodial perspective will be integral in our decision-making."
Doan stated, "I am honored to join the Omgeo Board of Managers. This opportunity to leverage my broad experience across many facets of the operations environment will help continue to foster a positive, automated community to better the industry through straight-through processing."