Omgeo Board Adds Michael Bodson

Michael C. Bodson, executive managing director for business management, strategy and marketing for The Depository Trust & Clearing Corp. (DTCC) has joined the Omgeo board of managers. Bodson replaces Jill M. Considine, former chairman and CEO of DTCC and a six-year veteran of the board of Omgeo, a provider of post-execution trade management solutions and a joint venture of DTCC and Thomson Financial.

Bodson joined DTCC in early 2007. He is responsible for all product management, strategic planning, relationship management and marketing, including oversight of DTCC's core clearance and settlement businesses for equities and fixed income, its custody and asset servicing businesses, and the processing support provided to the mutual fund and insurance sectors, as well as DTCC's growing role in automating the post-trade processing of over-the-counter (OTC) derivatives.

Bodson says his role on Omgeo's board will be an extension of his role at DTCC, in particular helping the industry to improve processing. "The industry today is all about growth of transaction volumes, as well as risk mitigation," he says. "How do we help the industry cope with volumes in a way that mitigates risk?"