Hyderabad and Mumbai, India, February 02, 2012 - Broadridge Financial Solutions, Inc. (NYSE:BR) and Institutional Investor Advisory Services India Limited (IiAS) today jointly announced an alliance for the sale and distribution of IiAS proxy research and vote recommendations for listed Indian companies through Broadridge’s ProxyEdge® voting platform.
As a result of this alliance, Broadridge’s clients will be able to access advice on governance practices of listed Indian companies. In the current risk-averse markets, investors require such analysis, and the partnership with IiAS gives ProxyEdge users research and data they can act upon. Subscribers will also benefit from the wider coverage that IIAS provides.
Mr. V. Laxmikanth, Managing Director, Broadridge Financial Solutions, India commented, “Broadridge is a leader in the area of investor communications and is bringing the benefits of e-communication and voting to all participants in the world’s financial markets. Our Alliance with IiAS to offer their vote research and recommendations for listed Indian securities enhances our offering to our institutional clients globally. We are very excited about this relationship.”
"Broadridge provides IiAS with an exciting opportunity to expand access of its voting recommendations beyond its domestic institutional investor base through a recognized industry leader," said Amit Tandon, Managing Director, IiAS. “We look forward to working with Broadridge to better serve the needs of investors.”
Broadridge has partnered with a number of research providers across the globe and carries their vote recommendations on ProxyEdge, its electronic voting tool for institutional investors. The alliance with IiAS further extends Broadridge’s commitment to provide solutions in the Indian market. Broadridge is also looking forward to offering its e-voting solution to retail investors in India.
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.
IiAS is an advisory firm dedicated to providing participants in the Indian market with independent opinions, research and data on corporate governance issues. The firm helps investors make value-creating decisions, and the translation of these decisions into portfolio performance. IiAS works with investors, companies and regulators and help shape the debate on issues facing the industry in implementing effective corporate governance practices and in the creation of transparent markets in India. Institutions including BSE, HDFC group, ICICI group, Axis Bank and the Tata’s hold equity in IiAS.
Broadridge Financial Solutions (India) Private Ltd