This growth represents 15 new clients and is the fourth year of double-digit growth for Broadridge Business Process Outsourcing.
Recent and continuing demands for increased capital and collateral are putting renewed pressure on firms to optimise, transform and re-evaluate business models.
Broadridge has been able to help more than 30 firms in the last six years firms adapt to market structure changes by mutualising costs and capabilities.
Mike Alexander, president of Broadridge Business Process Outsourcing, said: “We recognised many years ago that this would become a serious pressure point for financial services firms, and today we’re leveraging our state-of-the-art technology combined with our unique industry insights and experience to optimise, transform and enhance the speed to market for our clients.”
“This is an increasingly important offering as firms struggle to comply with enormous regulatory challenges while also freeing up investment dollars to accelerate revenue growth.”
“Given Broadridge’s scope, scale and growing global banking clientele, we have become the de facto industry standard in managed services for post-trade processing.”