Broadridge Finl Solutions Inc Stock Price, News & Analysis

On July 19, 2021, Broadridge Financial Solutions (NYSE: BR) announced a partnership with OpenFin to enhance its trading and portfolio management solutions. This collaboration aims to improve the productivity and efficiency of asset managers by providing a customizable digital workspace. The new solution features componentized apps and intuitive workflows, allowing users to manage their desktops more effectively. Broadridge's technology underpins over $10 trillion in daily trading, signaling a significant enhancement in their service offerings.

Broadridge Financial Solutions (NYSE: BR) announced the appointment of Keir Gumbs as Chief Legal Officer, effective July 27, 2021. Gumbs will succeed Adam Amsterdam, who is retiring after nearly 30 years with the company. With a strong background in corporate governance from his roles at Covington & Burling LLP and Uber Technologies, Gumbs is expected to enhance Broadridge’s legal and compliance strategies. The company generated over $4.5 billion in revenue, providing essential infrastructure for financial markets.

Broadridge Financial Solutions (NYSE: BR) has partnered with TIFIN to integrate and distribute a range of fintech wealth management solutions aimed at enhancing client personalization for financial advisors. This follows Broadridge's strategic investment in TIFIN announced in April 2021. Key offerings include the Positivly platform, which tailors financial proposals and portfolios, promoting accelerated growth for advisors. Broadridge's robust technology infrastructure enhances service delivery and client engagement, ultimately driving better financial outcomes.

Broadridge Financial Solutions (NYSE: BR) has expanded its post-trade processing relationship with China Renaissance to enhance the clearing and settlement of Shenzhen and Shanghai-listed equities. This collaboration builds on previous solutions since March 2020 and includes processing for Hong Kong-listed equities since 2016. Both firms will prepare for upcoming market and regulatory changes, including HKEX’s Synapse program. Broadridge's robust solutions aim to facilitate efficiency in China Renaissance operations, supporting their growth as they navigate changes in the market.

Broadridge Financial Solutions (NYSE: BR) announced the acquisition of Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan, enhancing its regulatory compliance capabilities for broker-dealers. This strategic acquisition aims to streamline compliance with US regulations such as SEC Rules 605/606. The acquisition is expected to bolster Broadridge's consulting and reporting services, enabling broker-dealers to better meet regulatory demands and monitor compliance effectively. The transaction reflects Broadridge's commitment to expanding its capital markets offerings, reinforcing its position as a Fintech leader.

Bayerische Landesbank (BayernLB) has selected Broadridge Financial Solutions, Inc. (NYSE:BR) to manage its regulatory trade reporting commitments. By adopting Broadridge's multi-asset class solution, BayernLB aims to streamline compliance with regulations such as SFTR, EMIR, MiFIR, and MMSR. This partnership will reduce operational costs and complexity while allowing BayernLB to focus on core activities. Broadridge's solution is designed to adapt to evolving reporting requirements, ensuring future compliance and efficiency gains for BayernLB.

Broadridge Financial Solutions (NYSE: BR) has appointed Ray Tierney as President of Itiviti, enhancing its Capital Markets business. Tierney brings 35 years of experience, having previously served as Global CEO of Trading Solutions at Bloomberg. He will manage growth in Broadridge's front-office OEMS and Connectivity solutions following the Itiviti acquisition. CEO Tim Gokey emphasized Tierney's role in expanding the firm's multi-asset class capabilities and driving global growth, while Itiviti's Rob Mackay transitions to Senior Advisor.

Broadridge Financial Solutions (NYSE: BR) launched its transformative distributed ledger repo (DLR) platform, enabling significant reductions in operational costs and risks for participants in the $10 trillion global bilateral repo market. In its first week, DLR achieved an average daily volume of $31 billion. The platform employs smart contracts and offers a secure record of trade details, enhancing liquidity and operational efficiencies. This innovation positions Broadridge as a key player in advancing digitization within the financial sector.