Source: Omgeo
Omgeo, the world’s leading provider of post-trade, pre-settlement trade management services, announced today that David Sexsmith has joined the company as a relationship manager focused on Canada. His responsibilities include fostering and nurturing key relationships with some of the largest Canadian firms in the global securities industry in addition to playing an integral role in Omgeo’s overall Canadian strategy. Mr. Sexsmith is based in Toronto and reports to Tim Keady, executive director, global sales.
The addition of Mr. Sexsmith to Omgeo in Canada underscores the company's commitment to increasing efficiency in the post-trade, pre-settlement space overall and specifically as Canadian firms ready for compliance with National Instrument 24-101, which essentially mandates institutional trade date matching (similar to same-day affirmation). Matching solutions such as those offered by Omgeo dramatically increase same-day affirmation rates, which in turn positively impacts cost and risk factors, since unaffirmed trades are 37 times more likely to fail than affirmed trades. Omgeo solutions currently available to the Canadian community include Omgeo Central Trade ManagerSM, Omgeo ALERTSM and Omgeo OASYS-TradeMatchSM.
"I am very much looking forward to leveraging my experience in the Canadian market as Omgeo strengthens its commitment to the region," Sexsmith said. "Omgeo has exceptional experience and reputation in the post-trade space across communities globally and I am excited to play a critical role as Omgeo further deepens its footprint in Canada."
"David Sexsmith has a proven track record among the Canadian securities industry, from his work with such industry bodies as the Canadian Capital Markets Association and over 25 years of experience working with some of the most prominent financial firms in the industry," said Keady. "Omgeo is dedicated to bringing efficiency to firms in the post-trade, pre-settlement space, and Dave's addition to the team further strengthens this devotion by ensuring our Canadian clients have hands-on access to Omgeo on the ground."
Prior to joining Omgeo, Mr. Sexsmith was the relationship/business development manager of FMCNet for Canada, a division of SS&C Technologies Canada Corp. His responsibilities included the servicing of existing clients, developing new business opportunities in Canada, as well as representing the company at various industry events, conferences and industry associations.
Mr. Sexsmith was the co-exxecutive director of the Canadian Capital Markets Association (CCMA) prior to joining FMC, working with various industry participants and organizations to achieve the goals established by various CCMA committees. He has also held a variety of roles in the investment management, pension and banking communities.