Goldman Sachs Managing Director Joins Omgeo Board

Business Wire, July 24, 2001

Business Editors

FRANKFURT, Germany--(BUSINESS WIRE)--July 24, 2001

Bradley Abelow, Managing Director of Global Operations, Goldman Sachs & Company (NYSE: GS), has been named to the Board of Omgeo, the Depository Trust & Clearing Corporation (DTCC)/Thomson Financial joint venture company.

Abelow officially joined the Board for its meeting held yesterday in Frankfurt, Germany. Abelow becomes the sixth financial services industry representative to serve on Omgeo's Board and reaffirms Omgeo's commitment to industry oversight and participation.

The five other industry representatives currently serving on Omgeo's Board are: Alexander Lamont II, formerly Director of International Operations and Control for the Equity Trading Department of FMR Co.; Jurgen Marziniak, Chief Executive Officer, Global Securities Services at Deutsche Bank AG; Eileen K. Murray, Chief Administrative Officer, Morgan Stanley Dean Witter's International Securities Group; Thomas J. Perna, Senior Executive Vice President, The Bank Of New York; and Diane L. Schueneman, Senior Vice President, Merrill Lynch Investment Managers.

"We're pleased that Bradley Abelow has agreed to join the distinguished and broadly representative group of industry leaders who serve on Omgeo's Board," said Robert J. McGrail, Omgeo's Chairman. "As a senior executive for one of the world's leading global market participants, Bradley will provide us with an invaluable perspective on how Omgeo can help the industry improve operational efficiency in order to meet the challenges of today's difficult market conditions."

Abelow is head of Global Operations for Goldman Sachs and is based in New York. Prior to assuming this assignment in March 2000, he was responsible for Operations, Technology and Finance in Asia (excluding Japan), based in Hong Kong. Since joining Goldman Sachs in the Corporate Finance area in 1989, Bradley has also worked for the firm in Operations Administration and General Services. He was named a Managing Director in 1997 and a Partner in 1998.

Bradley received a Master of Public & Private Management from Yale University in 1989 and a Bachelor of Arts from Northwestern University in 1983. He resides in New York with his wife and three children.

Omgeo's Board also includes two representatives each from DTCC and Thomson Financial. Representing the DTCC are Jill M. Considine, DTCC Chairman and CEO, and Robert J. McGrail, DTCC Managing Director of New Business Ventures. Representing Thomson Financial are Pat Tierney, President and Chief Executive Officer of Thomson Financial, and Sharon W. Rowlands, Chief Operating Officer of Thomson Financial.

Omgeo LLC is the leading provider of complete global trade management services, serving 6,000 broker-dealers, custodians and investment managers in 40 countries. A unique partnership between the securities industry's leading utility and the commercial sector, Omgeo is industry-backed and market-oriented. Through its integrated suite of intelligent trade management solutions, Omgeo helps clients move from traditional methods of trade processing to a single global workflow solution for trade management. Omgeo provides clients with a managed transition to a new and more efficient way of processing trades and reducing risk and costs while safeguarding existing technology investments. Omgeo is a joint venture company owned equally by The Depository Trust & Clearing Corporation (DTCC) and Thomson Financial. For additional information, please visit www.omgeo.com.