Lake Success
31 January 2014
Reporter: Daniel Jackson

Broadridge appoints industry veteran


Broadridge Financial Solutions has appointed Bennett Egeth as president of its newly expanded investment management business.

Building on Broadridge’s 2011 acquisition of Paladyne Systems, this business offers investment managers, global banks, broker-dealers and fund administrators solutions for investment management, reference data and risk technology, including enterprise-wide order management, portfolio management and reporting.

As part of Broadridge’s growing commitment to servicing hedge funds, asset managers and asset servicing clients, Paladyne Systems will become part of the Broadridge investment management business.

Egeth has a 30-year track record of success growing businesses across diverse financial services institutions. As president of the newly expanded business, he brings deep knowledge and expertise in helping global investment managers, asset servicing providers, banks and broker-dealers increase revenue and solve problems in complex operating environments.

Charlie Marchesani, president of global technology and operations solutions at Broadridge, said: “Over the last two years, Broadridge has reinforced its commitment to the investment management segment and demonstrated strong growth through the addition of 110 new clients spanning hedge funds, hedge fund administrators and traditional asset management firms.”

“By combining Paladyne’s investment management, reference data and risk management capabilities, Broadridge can serve the broader needs of investment managers and offer risk and reference data solutions to global banks and broker-dealers.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
OFI AM and SETL become shareholders of IZNES
23 February 2018 | Paris | Reporter: Jenna Lomax
OFI AM and SETL have been joined as shareholders of IZNES by five asset management companies
Klesia Finances goes live with NeoXam’s Density solution
23 February 2018 | Paris | Reporter: Jenna Lomax
According to Klesia, Density will assist it in facing the current French and European regulatory landscape
EBA Clearing’s RT1 hits 500,000-transaction-mark
23 February 2018 | London | Reporter: Jenna Lomax
The RT1 system passed the transaction milestone on 19 February
Liz Daniels joins FCA
23 February 2018 | London | Reporter: Becky Butcher
The Financial Conduct Authority has appointed Liz Daniels as policy advisor
Gen II exceeds $175 billion in assets under administration
23 February 2018 | New York | Reporter: Becky Butcher
Gen II Fund Services has revealed that its assets under administration have exceeded $175 billion
SANNE hires Hannah Correll Jaeger
22 February 2018 | New York | Reporter: Becky Butcher
SANNE has appointed Hannah Correll Jaeger as head of client relationship management for the Americas to support the company’s growth
Benelux trio set to strengthen collaboration on blockchain
22 February 2018 | Brussels | Reporter: Becky Butcher
B-Hive, the Luxembourg House of Financial Technology and the Dutch Blockchain Coalition have signed a memorandum of understanding to strengthen further collaboration in blockchain within the Benelux region
More news