John Burchenal Joins Omgeo from TradeWeb to Lead Asset Class Expansion Strategy

New York/Boston/London – July 27, 2005 – Omgeo, the world’s leading provider of post-trade, pre-settlement trade management services, announced today that John Burchenal has joined the company as managing director to lead Omgeo’s Asset Class Expansion strategy. Mr. Burchenal will serve as a member of Omgeo’s Executive Team, reporting to president and CEO Adam Bryan.

Beginning August 1, Mr. Burchenal will accelerate Omgeo’s efforts to expand into additional asset classes on a global scale, beyond equity and core fixed income trade processing. This drive began three years ago with the launch of Omgeo’s fixed income initiative. The initiative included the formation of a Client Working Group designed to provide an active forum for cooperation with and feedback from Omgeo’s client community. Leveraging the success of the fixed income initiative, Mr. Burchenal will spearhead the expansion into other asset classes to provide clients with access to a wider variety of instruments for their post-trade, pre-settlement efficiency strategies.

Mr. Burchenal brings with him 18 years’ experience in the financial services industry, including expertise in product management, sales and business strategy. Most recently at Thomson Financial TradeWeb, he served as director of Straight-Through Processing Services and was responsible for AccountNet and TradeXpress. He also managed TradeWeb's connectivity partnerships with third-party financial software providers. Previously, Mr. Burchenal held management positions at Citibank, DLJ and Lehman Brothers. He holds a B.A. in Economics from Trinity College in Hartford, Connecticut.

"As we continue to address feedback from clients regarding their pain points around trade processing, we have been steadily strengthening our commitment to promote greater efficiency in multiple asset classes. We believe Mr. Burchenal’s experience and expertise in STP and post-trade processing across a broad array of asset classes will help us to accelerate this momentum. He is an excellent addition to Omgeo, and we look forward to leveraging his talents," said Adam Bryan, president and CEO, Omgeo.

John Burchenal added, "I am pleased to be joining such a strong team at Omgeo. Given the securities market’s appetite for trading in non-vanilla instruments, I am looking forward to helping Omgeo deliver solutions to the industry that will enable the back office to keep pace with front-office trading strategies".

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