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LAKE SUCCESS, New York – May 24, 2018 – Broadridge Financial Solutions, Inc. (NYSE:BR) has been named the Best Outsourcing Provider for the third consecutive year in the annual Sell-Side Technology Awards by WatersTechnology. Financial Technologies Forum (FTF) News also awarded Broadridge with the Best Blockchain Initiative and recognized Mike Alexander, President of North America Wealth and Capital Markets Solutions, as Ops Business Person of the Year.
The Sell-Side Technology Awards honored Broadridge for its delivery of service, exemplary client support and industry leadership for outsourcing technology, as determined by the WatersTechnology editorial team, senior investment banking technologists and veteran consultants. Broadridge helped numerous tier-one global banks transform their securities processing with its next-generation technology and managed services operations outsourcing.
Separately, based on client votes, FTF News selected Mike Alexander as the operations business person of the year for advancing financial services industry operations and technology innovation. Alexander is the second consecutive Broadridge executive to win Ops Business Person of the Year, following Charlie Marchesani, Corporate Vice President, Global Technology and Operations, who won the award in 2017. Broadridge’s innovative application of blockchain in the capital markets and proxy space was recognized by FTF News as the best Blockchain initiative of the year.
“It is an incredible honor to have our clients recognize our firm’s efforts and accomplishments,” said Alexander. “It is a privilege to work alongside such a forward-thinking team at Broadridge. Together we are focused on earning our clients’ confidence every day by delivering real business value through leading technology-driven solutions that set the standard for the financial services industry.”
Alexander oversees managed services clients with an average of over 3 million trades per day and servicing over $7 trillion in AUM. On September 5, 2017, he led Broadridge’s transition of over 200 financial service firms to T+2 settlement. In addition to post-trade processing, Broadridge helps clients optimize reference data, reconciliation, expense, compliance and regulatory processes through its managed services offerings.
Broadridge continues to deliver to its clients operational proof-of-concepts for blockchain technology, leading the financial services industry in blockchain innovation and applications. In 2017, it founded the Broadridge Blockchain Center and piloted a blockchain-based solution with J.P. Morgan, Northern Trust and Banco Santander to enhance global proxy vote transparency. Broadridge also completed a successful pilot with Natixis and Société Générale to leverage blockchain technology to enhance the operational efficiency and auditability of bilateral repurchase, or repo, agreements.
In May 2018, Broadridge was granted U.S. Patent No. 9,967,238 (the “238 Patent”). This covers blockchain technology that will improve proxy voting operations and repo agreements.
Financial Technologies Forum, LLC (FTF) is a leading provider of executive-level events and training focused on trends and initiatives in securities trading and operations. For more information on FTF, see http://www.ftfnews.com.
WatersTechnology is a multi-channel business intelligence news and content platform for technology professionals in the financial market. Its four publications, Inside Market Data, Inside Reference Data, Buy-Side Technology and Sell-Side Technology have been a top source of independent financial journalism since 1985. To learn more about WatersTechnology, visit https://www.waterstechnology.com/.
Broadridge Financial Solutions, Inc. (NYSE: BR), a $4 billion global Fintech leader, is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge's infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than U.S.$7 trillion in fixed income and equity securities trades per day. Broadridge is part of the S&P 500® Index and employs over 11,000 associates in 18 countries.
For more information about Broadridge, please visit www.broadridge.com
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