LAKE SUCCESS, New York -- September 22, 2008 -- Broadridge Financial Solutions, Inc. (NYSE: BR) confirmed today that both Barclays Bank PLC and Lehman Brothers, Inc. are clients of its Securities Processing business.
Following approval by the U.S. Bankruptcy Court on Saturday, September 20, 2008, of the sale of substantially all of the assets of Lehman Brothers, Inc. to Barclays, Broadridge is in discussions with both parties about their future processing needs.
About Broadridge
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 14 countries.
For more information about Broadridge, please visit www.broadridge.com.