Tom joined ADP in 1996 as VP of Finance for ADP's Delaware Investment Center and was subsequently promoted to President of this subsidiary. He effectively led this autonomous operation as the multi-currency fixed-income securities portfolio grew from $5 billion to $15 billion. Under Tom's leadership, the inventory holdings were transitioned from primarily municipal bonds to almost exclusively taxable fixed income securities including treasury, agency, corporate, asset-backed, and mortgage-backed securities. In his continued effort to streamline operations and enhance internal control, Tom and his team combined an up-front, real-time compliance feature with a straight-through processing model.
Prior to joining ADP, Tom held the position of VP of Finance & Planning for Busch Entertainment Corporation; a subsidiary of Anheuser-Busch Companies, Inc. Earlier, Tom held positions of increasing responsibility within Anheuser-Busch's Corporate Planning and Treasury Departments.
"Tom brings important strengths and background to Brokerage Services", said John Hogan, co-President, ADP Brokerage Services Group. "He has an impressive track record and I am delighted to welcome him as a valuable addition to our team," he continued.