New York
08 June 2015
Reporter: Becky Butcher
Broadridge completes Thomson Reuters data deal
Broadridge Financial Solutions has completed the acquisition of the fiduciary services and competitive intelligence unit from the Lipper division of Thomson Reuters division.

The terms of the transaction were undisclosed.

The acquisition expands Broadridge’s data and analytics solutions for mutual fund manufacturers, exchange-traded fund issuers, and fund administrators, adding new global data and research capabilities.

Broadridge and Thomson Reuters Lipper have also entered into a long term content and brand licensing services agreement.

Under the deal, Thomson Reuters Lipper will provide Broadridge with data on investment product classifications, pricing, performance, benchmarking, product asset positions, and product flows, ensuring continuity of underlying content and methodology.

Gerard Scavelli, president of Broadridge’s mutual funds and retirement solutions group, commented: “Adding these solutions to our mutual fund and retirement business provides our clients and the industry with a compliance oversight, fee benchmarking and competitive intelligence solutions.”

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
Northern Trust has reported a 16 percent rise in assets under custody in Q2 2017.
Standard Chartered builds on securities services team
25 July 2017 | Singapore | Reporter: Jenna Lomax
Standard Chartered has appointed Ryan Cuthbertson as head of product management, custody and clearing, securities services and transaction banking
UniCredit embarks on test phase for European instant payments
25 July 2017 | Milan | Reporter: Stephanie Palmer
UniCredit has started testing EBA Clearing’s instant payment solution RT1, in preparation to roll out instant payments multinationally
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
More news