MD at DTCC Becomes Omgeo’s Chairman
Andrew Gray, managing director of core business management for the Depository Trust and Clearing Corp. (DTCC), joined Omgeo as chairman of the board this past June, officials say. Gray replaces Donald F. Donahue, former president and CEO of the DTCC, who retired from the DTCC last month but will remain on Omgeo’s board.
Andrew Gray,
chairman of the board,
DTCC
A provider of post-trade services, Omgeo is jointly owned by the DTCC and Thomson Reuters. Omgeo’s global board of managers has 11 representative members from the financial services industry that represent Omgeo’s client segments.
In his role at the DTCC, Gray is responsible for overseeing U.S clearance and settlement of equities and fixed income products, and asset, wealth management and retirement services. Gray, who is also a member of DTCC’s management committee, will maintain his role at the DTCC upon joining Omgeo.
Apart from Gray’s appointment, there have been two additions to the board—Tim Collier, chief financial officer (CFO) of Thomson Reuters’ financial and risk business group; and Mark Bradbury, managing director, head of global equities business services at Deutsche Bank.
—Alexa Mehraban
FSB Launches LEI Private Sector Preparatory Group
The Financial Stability Board (FSB) has launched the LEI Private Sector Preparatory Group (PSPG) to support an Implementation Group of experts from the global regulatory community tasked with developing a Legal Entity Identifier (LEI) standard, officials say.
The FSB’s recommendations for a global LEI system were endorsed by the countries at the G20 Los Cabos Summit in June and the G20 Leaders called upon the FSB to establish the LEI Implementation Group, which will work the PSPG.
More than 100 institutions from 25 countries joined the PSPG and an inaugural meeting was held in New York City late last month, officials say. The PSPG’s objectives include:
- A Governance and Legal workstream
- An Operations workstream
- An Ownership and Relationship Data workstream
Some of the U.S.-based members of the PSPG are: Bank of America Corp., BlackRock, Inc., Citigroup, CME Group, DTCC, FINRA, Goldman Sachs, JP Morgan Chase & Co., State Street Corp. and Thomson Reuters.
—Eugene Grygo
Fidessa Names President for Buy-Side Push
Megan Costello,
president, buy-side business,
Fidessa
Fidessa, a provider of investment management, trading and market data solutions, has appointed Megan Costello as the company’s president for buy-side businesses in North-America.
In her new role, Costello will be responsible for managing and expanding Fidessa’s buy-side offerings, primarily by developing more cost effective solutions. Costello says she plans to focus on compliance, consumer management and regulatory changes, among other industry trends. She will be based in Boston and will be reporting to Fidessa’s Global Buy-Side CEO Paul Nokes.
“There’s a lot of room for us to continue to move up the value chain [of customers],” says Costello. Some of these assets include Fidessa’s global connectivity to trading venues, data center services and its market data products. The real focus for Fidessa on the buy side is to look at “all of those assets and continue to improve upon the value offering,” Costello adds.
Before joining Fidessa, Costello served as the executive director of global integration consulting at Omgeo. She has also held senior positions at Thomson Reuters.
—Alexa Mehraban
FolioDynamix Adds Edgar Online CEO to its Board
FolioDynamix, an online wealth management provider focused on serving broker/dealers, banks and service providers, has announced that software veteran Robert J. Farrell will be joining the company’s board of directors to help it expand its market presence, officials say.
Farrell currently serves as the president and CEO of Edgar Online, a provider of regulatory reporting, data and analytic solutions. Prior to taking on this role, Farrell held senior positions at financial technology providers Metastorm, Mercastor Software and Leading Side.
—Alexa Mehraban
Calypso Technology Names SVP of Customer Services
Suresh Thekkenmar,
SVP of customer services,
Calypso Technology
Calypso Technology, a maker of an integrated trading, risk and processing platform for derivatives and treasury products, appointed Suresh Thekkenmar last month to the new post of senior vice president of customer services, officials say.
In his new role, Thekkenmar is responsible for managing Calypso’s global customer services organization and will also oversee development, delivery and the operational processes for Calypso SaaS, a hosted version of Calypso’s integrated platform, officials say. Thekkenmar, who will split his time between Calypso’s offices in New York and San Francisco, reports to Kishore Bopardikar, president and CEO of Calypso.
“The SVP customer service role is critical as Calypso matures as an organization with a larger and more diverse global customer base. It requires leadership that can deploy a scalable and proven customer-centric approach across geographies, business lines and financial products,” says Thekkenmar.
Thekkenmar has more than 20 years of experience in the financial services industry. Before joining Calypso, Thekkenmar worked at SS&C Technologies, where he served as senior vice president and general manager.
—Alexa Mehraban
Dion Global Names Head of European Sales Team
Dion Global Solutions has announced the appointment of Robert Gray as the company’s new head of European sales. Gray has more than 20 years of experience in derivates front office sales.
In his new role, Gray’s main responsibility will be managing “Differenta,” Dion’s new valuation and risk management solution for over-the-counter (OTC) derivatives, targeted at buy-side and sell-side firms.
Prior to joining Dion, Gray worked at several financial services companies including Super Derivatives, Tullett Prebon, Cantor Fitzgerald and Saxo Bank.
—Alexa Mehraban
R.J. O’Brien Promotes SVP for Asia Push
Kirk Bonniwell,
senior VP, commercial grain & Asia
R.J. O’Brien
Futures brokerage and clearing firm, R.J. O’Brien & Associates (RJO), has promoted Kirk R. Bonniwell to senior vice president of commercial grain and Asia, officials say. Kirk will be reporting to Gerald Corcoran, chairman and CEO of RJO.
As SVP of commercial grain and Asia, Bonniwell will continue his efforts to develop the firm’s over-the-counter (OTC) offerings in Asia. He will help expand “business beyond commercial hedgers to professional traders such as commodity trading advisors who have discretionary programs,” says Bonniwell in a prepared statement.
Bonniwell joined RJO in 2007 when he served as director of finance. He was promoted to director of business development the following year. Prior to his most recent appointment, he served as the vice president of strategic planning where he led the company’s expansion into Asia.
Before joining RJO, Bonniwell worked at Böwe Bell + Howell where he served as a senior financial analysts and account manager, among other positions at the company.
—Alexa Mehraban
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