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
UniCredit launches instant payment solution
22 November 2017 | Milan | Reporter: Becky Butcher
UniCredit has launched its cross-border instant payments solution in Italy and Germany
Hedge fund industry reaches new highs in Q3
22 November 2017 | London | Reporter: Zsuzsa Szabo
The hedge fund industry has recorded strong performance in Q3 2017, after stumbling in 2016, according to Preqin
SSGA hires Nordic head of SPDR ETFs
21 November 2017 | London | Reporter: Theo Andrew
Based in London, Marcus Miholich will be responsible for evaluating the investment objectives of SSGA’s Nordic client base. He will report to Rory Tobin, global co-head of SPDR ETFs at SSGA
EU Commission opens consultation of SFTR TR fees
21 November 2017 | Paris | Reporter: Drew Nicol
UK-based trade repositories may be forced to shoulder additional third-party recognition fees to operate under EU regulatory frameworks post-Brexit, according to proposed EU Commission rules
Volante Technologies partners with eVision
21 November 2017 | New York | Reporter: Jenna Lomax
Volante will use eVision on its VolPay Suite, which is designed to accelerate all aspects of payments transformation projects, for Egypt and North Africa
Esprow launches new version of ETP Studio
21 November 2017 | New York | Reporter: Jenna Lomax
Esprow has launched version 3.0 of its ETP Studio for financial information exchange
Citi boosts custody and fund services team
21 November 2017 | London | Reporter: Stephanie Palmer
Fiona Horsewill is set to join Citi as head of product development and strategy for custody and fund services EMEA
More news