Lake Success
18 September 2014
Reporter: Catherine Van de Stouwe
Success for Broadridge post-financial crisis
Since the 2008 financial crisis, Broadridge’s post-trade managed service client base in North America has more than doubled.

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.”

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
Eagle Fund Accounting Solution to be used by Desjardins
24 July 2017 | | Reporter: Jenna Lomax
Desjardins Asset Management, part of Desjardins Group, previously signed with Eagle Accounting for its asset management in 2011
Clearstream gains Edmond de Rothschild as Vestima client
24 July 2017 | Switzerland | Reporter: Jenna Lomax
Vestima, Clearstream’s fund process programme, will assist Rothschild by processing its assets in its mutual funds and hedge funds on a single platform
Northern Trust to offer fund services to GuideStone Funds
24 July 2017 | Dallas | Reporter: Jenna Lomax
GuideStone Funds is a subsidiary of GuideStone Financial Resources, a financial service providing retirement, investment and life and health plans to evangelical Christian churches, educational institutions and ministry organisations
BNY Mellon recruits for alternative investment team
21 July 2017 | New York | Reporter: Jenna Lomax
BNY Mellon has made two senior appointments to its alternative investment services team
Euroclear sees strong H1 asset growth
21 July 2017 | Frankfurt | Reporter: Jenna Lomax
Post-trade service provider Euroclear saw its asset under safekeeping increase by 5 percent to €28.4 trillion in the first half of 2017
Record AuC figures for BNY Mellon
21 July 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon recorded high levels of assets under custody and administration in Q2 2017, reaching $31.1 trillion
LSEG and IBM partner for SME blockchain
20 July 2017 | London | Reporter: Drew Nicol
The framework will be built on Hyperledger Fabric version 1.0 and hosted by The Linux Foundation
More news