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LAKE SUCCESS, N.Y., August 3, 2017 – Broadridge Financial Solutions, Inc. (NYSE:BR) a global fintech leader providing communications, technology, data and analytics solutions to financial firms in capital markets, wealth management, asset management and corporate issuers across multiple industries, has provided Tokai Tokyo, with an innovative solution to help automate its front- and middle-office investment management processes.
“We are excited to expand our existing relationship with Tokai Tokyo,” commented Askin Leung, Regional Director of Broadridge investment management solution. “Broadridge has a 20-year history of providing post-trade management solutions to financial institutions in Japan. This relationship further enhances our footprint in this important market to provide solutions to our clients across the buy and sell side.”
The highly customised solution was developed by Broadridge to meet Tokai’s specific needs. Broadridge created a flexible and scalable end-to-end solution delivering a high level of process automation, which could not be matched by domestic solutions providers. At the same time, Broadridge’s on-the-ground presence in the Japan market gives its solution a knowledge and pricing advantage over its international peers.
Mr. Shinobu Ikari, Head of Financial Market Division Tokai Tokyo, commented that “We have been struggling to find a partner that offers the right solution, right price and right implementation schedule. Domestic vendors did not have the right solution for us while international vendors are often over-priced yet do not understand our local needs. Based on my experience in Singapore with the Broadridge’s investment management solution, I wanted to expand it to our Japanese business. Broadridge demonstrated that as an international partner they are able to share global best practice and standards while understanding local requirements. It’s the second time that the Tokai Tokyo group in Asia has had a successful project with the support from Broadridge”.
Broadridge Financial Solutions, Inc. (NYSE: BR), a $4.5 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. $10 trillion in fixed income and equity securities trades per day. Broadridge is part of the S&P 500® Index and employs over 12,000 associates in 17 countries.
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