Trade matching utility Omgeo has appointed TradeWeb's John Burchenal as managing director, with a brief to lead its asset class expansion strategy.
Burchenal was most recently at TradeWeb where 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.
Prior to TradeWeb Burchenal held management positions at Citibank, DLJ and Lehman Brothers.
Burchenal's brief at Omgeo is to guide the firm's efforts to expand its services beyond equity and core fixed income trade processing and into additional asset classes.
Omgeo says Burchenal will spearhead moves to provide clients with access to a wider variety of instruments for post-trade automation.
He will report to Omgeo president and CEO Adam Bryan.
Commenting on the appointment, Bryan says: "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."