OTC Markets Group Inc. (OTCQX: OTCM) is pleased to announce the appointment of Wendy Fraulo to serve as the Company’s Chief Financial Officer effective July 25, 2011. Ms. Fraulo will oversee the financial operations of OTC Markets Group, the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks.
“We are excited to bring Wendy on board,” said R. Cromwell Coulson, President and CEO. “Wendy’s strong accounting background and extensive experience analyzing complex financial systems make her a valuable asset to our team. I look forward to working with Wendy as we continue to build better marketplaces for investors, create innovative solutions for our subscribers, and grow value for our shareholders.”
Ms. Fraulo comes to OTC Markets Group with 12 years of public accounting experience, the last 9 at Deloitte & Touche LLP where she most recently served as a Senior Manager in M&A Transaction Services. Prior to her role in M&A, she was a Senior Manager in the Assurance practice, serving Deloitte’s technology, media and telecommunications clients. Previously, Wendy spent three years in the Technology, Media and Telecommunications group at Arthur Andersen LLP. Wendy is a graduate of Fairfield University and is qualified as a Certified Public Accountant in Massachusetts and New York.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers – OTCQX® (the quality controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies) and OTC Pink™ (the speculative trading marketplace) – so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
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