New York
28 September 2011
Reporter: Anna Reitman
Securities Lending default image
SocGen selects Broadridge for BPO
Broadridge has announced it has been selected by Société Générale for a range of technology and outsourcing services for the firm's US broker-dealer.

Société Générale will use Broadridge's institutional securities processing platform and business processing outsource (BPO) solution to support the growth of its US market businesses.

"Using Broadridge's solutions not only enables us to redeploy our internal resources to new strategic growth areas, but we are now better equipped to grow and scale our business at predictable price points," says Mark Kaplan, CEO for Société Générale Corporate & Investment Banking in the Americas.

This partnership will enhance Société Générale's global trading operations by streamlining processes such as trade initiation, confirmation, payments, corporate actions and statements between their domestic and international offices, ensuring that all their regulatory reporting and other back office requirements are met.

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