LONDON and PARIS; Jan. 26, 2015 – Accenture (NYSE: ACN) and Broadridge Financial Solutions (NYSE: BR) have been recognized jointly as the industry leaders in the “Consulting Business Process Outsourcing” category by Global Custodian’s Awards for Excellence. The companies received the award for their joint Accenture Post-Trade Processing solution, which is designed to help investment banks of different sizes reduce post-trade processing costs, adapt to new regulations, and improve performance through enhanced capabilities, such as real-time reporting of settled trading positions and improved client servicing.
The Global Custodian Awards for Excellence identify the leading technology and consulting firms that provide outstanding solutions that support the securities services industry. The award recipients are selected through an annual survey of 20,000 Global Custodian readers, who include key decision-makers in the custody, fund administration, central securities depositary, hedge fund, prime brokerage, securities lending, securities financing and collateral management industries.
“There is a real market need for and interest in securities processing optimization, and we believe that the Global Custodian Award we received demonstrates how relevant Accenture Post-Trade Processing is to the industry today,” said Thierry Weidenmann, global managing director for Accenture Post-Trade Processing. “Accenture Post-Trade Processing allows banks to deliver top-level services to their clients at a competitive price. In an increasingly competitive and capital-intensive industry, this new approach to post-trade processing will help banks achieve their efficiency and client service objectives.”
“Banks are sharply focused on increasing their efficiencies and freeing up capital to elevate returns on equity and drive growth,” said Tom Carey, President, Global Technology and Operations International, Broadridge. “Our post-trade processing solution with Accenture is leading the industry as a transformational strategy that adds efficiency and service advantages for European and Asian trading operations. Global Custodian’s award reflects the growing value of this collaboration and is a great recognition of the market need.”
Accenture Post-Trade Processing, a strategic collaboration between Accenture and Broadridge Financial Solutions, combines Accenture’s global business process outsourcing capabilities and capital markets industry expertise with Broadridge’s leading post-trade processing technology. The solution provides post-trade processing and technology services to support settlement, books and records, asset servicing, operational management and control, real-time data access and administrative accounting.
Accenture is a global management consulting, technology services and outsourcing company, with more than 266,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.
Accenture Post-Trade Processing expands Accenture’s support for banks, adding a technology and BPO solution for post-trade processing to Accenture Trading Services — a business service within Accenture’s Financial Services operating group that provides consulting, technology and BPO services to help banks increase efficiencies at every stage of the trading lifecycle.
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 16 countries.
For more information about Broadridge, please visit www.broadridge.com.
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