Former president and CEO of Omgeo, Marianne Brown, has left to join SunGard as chief operating officer of its financial systems business.
In July last year, The Depository Trust & Clearing Corporation (DTCC) took full control of post-trade services provider Omgeo after agreeing to acquire Thomson Reuters’s 50 percent stake in the company.
Since its inception, the now fully-owned DTCC subsidiary introduced a straight-through-processing solution for institutional post-trade processing, which integrated an electronic allocation engine, a central matching solution and an account and standing settlement instruction database.
Brown continued to serve as president and CEO of Omgeo.
Before joining Omgeo in 2006, she was the CEO of the Securities Industry Automation Corporation (SIAC), a wholly owned subsidiary of the NYSE Euronext Group, where she was responsible for the delivery of all trading and regulatory solutions for the New York Stock Exchange as well as production support for the American Stock Exchange.
Brown began her career in 1978 at Automatic Data Processing (ADP). Throughout her 26 years at ADP, she held positions of increasing responsibility in various areas—from customer service, account management and sales to operations, technology and development—culminating in her role as general manager of ADP’s Brokerage Processing Services business, which was subsequently spun off to become Broadridge Financial Solutions.
Russ Fradin, SunGard’s president and CEO, said: “We are delighted to welcome [Brown] to the SunGard team. She has a storied career in our industry and a strong reputation as a leader who is focused on crisp execution and delivering stellar results. With her wealth of management experience, operational acumen and boundless energy, I have every confidence that [she] will add tremendous value in helping us drive the growth and performance of our financial systems business.”
Brown serves as a senior advisor to the international women’s development and microfinance organisation, Pro Mujer, as well as an advisor to the NYC Investment Funds IT Sector Group.
She is president of the board of directors for CAREERS for People with Disabilities and a member of The Economic Club of New York and The Women’s Forum, Inc.
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