Omgeo branches into collateral management

The vendor Omgeo is known for helping brokers, custodians and fund managers to automate the process of post-trade matching. It has branched into a totally new business line, however: collateral management. Marianne Brown, the firm’s New York-based CEO, says the collapse of Lehman Brothers in 2008 created the impetus to grow this line of work. In the wake of that bankruptcy, in which many counterparty assets were lost, some custodian banks moved into the game of ‘prime custody’, …