New CEO Named for Omgeo Global Joint Venture

Business Wire, Oct 24, 2006

NEW YORK & BOSTON & LONDON -- Marianne C. Brown was announced today as the new President and Chief Executive Officer of Omgeo, global provider of automated post-trade pre-settlement trade management services, jointly owned by The Depository Trust & Clearing Corporation (DTCC) and Thomson Financial, a unit of The Thomson Corporation. The appointment will be effective November 1, 2006.

Omgeo plays an increasingly critical role in the global securities industry as a central information and processing hub for broker/dealers, investment managers and custodian banks, helping to confirm institutional trade terms. Omgeo has more than 6,000 users in 42 countries around the globe and generates over US$250 million a year in revenue.

Brown will replace Adam Bryan, who served as President and CEO during Omgeo's first five years of existence. Bryan will be joining DTCC's senior management team in January 2007, thereby helping ensure a smooth transition at Omgeo.

Marianne C. Brown is a highly regarded industry veteran and previously served as CEO of the Securities Industry Automation Corporation (SIAC), a wholly owned subsidiary of the New York Stock Exchange and the American Stock Exchange. SIAC is responsible for the design, development, implementation and support of the exchanges' computer systems and communications networks, as well as other technology ventures.

"Marianne has broad experience working with the NYSE and Amex," said Sharon Rowlands, Chief Executive Officer of Thomson Financial, "and her 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."

Under the terms of the joint venture, Thomson selects Omgeo's President and CEO, while DTCC selects the Chairman.

"Marianne understands the challenges customers are facing in trying to automate and streamline post-trade processing, reduce risk and lower costs," said Richard R. Macek, Chairman of Omgeo. "She also has a firm grasp of the issues that broker/dealers and investment managers face as they look to expand beyond cash products into derivative instruments. I look forward to working with Marianne as she assumes her leadership role at Omgeo."

Prior to joining SIAC, Marianne Brown was with ADP Brokerage Services Group, a division of Automatic Data Processing, for 26 years. Over the course of her career at ADP Brokerage Services, Brown held a variety of positions with increased levels of responsibility that covered the fields of sales, product development and both technology operations and development. In 2002, she was named General Manager of ADP's Brokerage Processing Services (BPS) group, where she had direct responsibility for all BPS Operations, Product Development, Sales and Service Delivery. Before that, she was responsible for their Product Development Organization, where she led the creation of several key client implementations and new product initiatives.

She was promoted to Senior Vice President of Service Delivery in March 1997, with responsibility for ADP's service initiatives that resulted in consistent client service satisfaction increases. Brown also led numerous large-scale client conversions as well as ADP's successful Y2K effort.

A native of Brooklyn, NY, Brown is a graduate of Concordia College with a degree in Business, and serves on the board of directors of the Brooklyn Bureau of Community Services.

At DTCC, Adam Bryan will become 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, Adam will report directly to Bill Aimetti, DTCC's Chief Operating Officer.

"Adam Bryan's tenure at Omgeo was quite impressive. He has brought automation well beyond equity trade processing into both the fixed income and commercial paper markets. Five years ago, Omgeo processed approximately 700,000 transactions per day globally. Today, this number exceeds 1.3 million per day. And while five years ago same-day affirmation rates were maybe 15%, today, these affirmation rates exceed 90% for certain Omgeo clients," said Rowlands.

Before serving at Omgeo, Bryan was the Chief Operating Officer of the Investment Management group (formerly the Broker/Fund Management group) of Thomson Financial. Before that, he had served as the Chief Operating Officer of Thomson Financial ESG since August 1999. He has also served as a Managing Director overseeing all Thomson Financial ESG management, sales, and business activities throughout the Asia Pacific region, including Australia and Japan.

Prior to joining ESG in 1999, Bryan served as Managing Director Asia-Pacific for Thomson Financial Publishing Group, helping to establish Thomson Financial's publishing business in the region. He also served as the Chief Financial Officer for Thomson Financial's operations in Asia. Before joining Thomson in 1992, Bryan worked for Coopers & Lybrand, based in both Sydney and London, in their Corporate Services and Audit Divisions. Bryan is a Chartered Accountant and graduated from the University of Technology in Sydney, with a Bachelor's degree in Business.