BNP Paribas' Securities Services Business Adopts Broadridge's Global Class Action Solution to Maximize its Clients' Global Asset Recovery Opportunities
BNP Paribas Securities Services, managing USD 13.7 trillion under custody, has selected Broadridge Financial Solutions (NYSE:BR) as its global securities class action services provider. The partnership aims to enhance BNP Paribas' global custody services by leveraging Broadridge's proprietary technology for identifying, filing, and recovering investment losses.
The collaboration comes at a time when securities class actions are expanding globally, with over 35 jurisdictions adopting collective redress mechanisms. In 2024, there were more than 125 recovery opportunities totaling $5.2 billion in settlements. Broadridge's solution offers comprehensive global class action coverage through its team of securities litigators, claims administrators, auditors, and data specialists.
BNP Paribas Securities Services, che gestisce 13,7 trilioni di dollari in custodia, ha selezionato Broadridge Financial Solutions (NYSE:BR) come fornitore globale di servizi per azioni collettive. L'obiettivo della partnership è migliorare i servizi di custodia globale di BNP Paribas sfruttando la tecnologia proprietaria di Broadridge per identificare, presentare e recuperare le perdite sugli investimenti.
Questa collaborazione avviene in un momento in cui le azioni collettive si stanno espandendo a livello globale, con oltre 35 giurisdizioni che adottano meccanismi di risarcimento collettivo. Nel 2024, ci sono state più di 125 opportunità di recupero per un totale di 5,2 miliardi di dollari in accordi. La soluzione di Broadridge offre una copertura globale completa per le azioni collettive attraverso il suo team di avvocati specializzati in titoli, amministratori di richieste, revisori e specialisti dei dati.
BNP Paribas Securities Services, que gestiona 13.7 billones de dólares en custodia, ha seleccionado a Broadridge Financial Solutions (NYSE:BR) como su proveedor global de servicios de acciones colectivas. La asociación tiene como objetivo mejorar los servicios de custodia global de BNP Paribas aprovechando la tecnología propietaria de Broadridge para identificar, presentar y recuperar pérdidas de inversión.
La colaboración se produce en un momento en que las acciones colectivas se están expandiendo a nivel mundial, con más de 35 jurisdicciones adoptando mecanismos de reparación colectiva. En 2024, hubo más de 125 oportunidades de recuperación por un total de 5.2 mil millones de dólares en acuerdos. La solución de Broadridge ofrece una cobertura global completa para acciones colectivas a través de su equipo de litigantes de valores, administradores de reclamaciones, auditores y especialistas en datos.
BNP 파리바 증권 서비스는 13.7조 달러를 관리하며, 브로드리지 금융 솔루션(NYSE:BR)을 글로벌 증권 집단 소송 서비스 제공업체로 선정했습니다. 이 파트너십은 브로드리지의 독점 기술을 활용하여 BNP 파리바의 글로벌 보관 서비스를 향상시키는 것을 목표로 합니다. 투자 손실을 식별, 제출 및 회수하는 데 도움을 줍니다.
이번 협력은 집단 소송이 전 세계적으로 확산되고 있는 시점에 이루어지며, 35개 이상의 관할권이 집단 구제 메커니즘을 채택하고 있습니다. 2024년에는 52억 달러에 달하는 125개 이상의 회수 기회가 있었습니다. 브로드리지의 솔루션은 증권 소송 변호사, 청구 관리자, 감사인 및 데이터 전문가로 구성된 팀을 통해 포괄적인 글로벌 집단 소송 범위를 제공합니다.
BNP Paribas Securities Services, qui gère 13,7 billions de dollars sous garde, a sélectionné Broadridge Financial Solutions (NYSE:BR) comme son fournisseur mondial de services d'actions collectives. L'objectif de ce partenariat est d'améliorer les services de garde mondiaux de BNP Paribas en tirant parti de la technologie propriétaire de Broadridge pour identifier, déposer et récupérer les pertes d'investissement.
Cette collaboration intervient à un moment où les actions collectives s'étendent à l'échelle mondiale, avec plus de 35 juridictions adoptant des mécanismes de recours collectif. En 2024, il y avait plus de 125 opportunités de récupération totalisant 5,2 milliards de dollars en règlements. La solution de Broadridge offre une couverture complète des actions collectives à l'échelle mondiale grâce à son équipe d'avocats spécialisés en valeurs mobilières, d'administrateurs de demandes, d'auditeurs et de spécialistes des données.
BNP Paribas Securities Services, das 13,7 Billionen USD in Verwahrung hat, hat Broadridge Financial Solutions (NYSE:BR) als seinen globalen Anbieter von Dienstleistungen für Sammelklagen ausgewählt. Die Partnerschaft zielt darauf ab, die globalen Verwahrungsdienste von BNP Paribas zu verbessern, indem die proprietäre Technologie von Broadridge zur Identifizierung, Einreichung und Wiedererlangung von Investitionsverlusten genutzt wird.
Die Zusammenarbeit erfolgt zu einem Zeitpunkt, an dem sich Sammelklagen weltweit ausbreiten, wobei über 35 Jurisdiktionen kollektive Rechtsbehelfe eingeführt haben. Im Jahr 2024 gab es mehr als 125 Rückerstattungsmöglichkeiten mit einem Gesamtvolumen von 5,2 Milliarden USD in Vergleichen. Die Lösung von Broadridge bietet umfassende globale Abdeckung für Sammelklagen durch ein Team von Wertpapieranwälten, Anspruchsverwaltern, Prüfern und Datenspezialisten.
- Partnership with major financial institution BNP Paribas (USD 13.7T under custody) expands Broadridge's market reach
- Growing market opportunity with over 125 recovery cases and $5.2B in settlements in 2024
- Expansion into 35+ global jurisdictions indicates strong market growth potential
- None.
Insights
This strategic partnership marks a significant win for Broadridge's class action services business, showcasing the company's ability to secure high-profile clients in the global financial services sector. BNP Paribas Securities Services, with its $13.7 trillion under custody, represents a substantial expansion of Broadridge's serviceable market and validates its technology leadership in the space.
The partnership's timing is particularly strategic, coinciding with the rapid expansion of global securities class actions. With more than 35 jurisdictions now offering collective redress mechanisms and $5.2 billion in settlements in 2024 alone, this represents a growing market opportunity. The complexity of managing claims across multiple jurisdictions creates high barriers to entry, strengthening Broadridge's competitive moat in this specialized technology segment.
From a revenue perspective, this solution typically generates recurring fees based on assets under management and successful claim recoveries. The partnership should contribute to Broadridge's predictable revenue streams while offering scalability as more institutional investors seek to maximize their recovery opportunities. The proprietary technology platform and specialized expertise in global securities litigation position Broadridge favorably for capturing additional market share as more custodians look to outsource these complex operations.
This deal also demonstrates Broadridge's execution of its broader strategy to expand its suite of mission-critical services to global financial institutions. The company's ability to meet the stringent security and compliance requirements of a major global custodian like BNP Paribas reinforces its market position and could accelerate similar partnerships with other institutional players seeking to enhance their class action recovery capabilities.
Broadridge's solution provides comprehensive global class action coverage, maximizes claims and increases investor participation in settlement recoveries
"As the Securities Services business of BNP Paribas, we are committed to delivering innovative and differentiating products and services to our clients. Broadridge brings advanced technology, market-leading information security and deep industry expertise that align with our goals, enhancing our clients' experience and supporting their business," said Christian Houillon, Head of Custody Product for Securities Services at BNP Paribas. "We will be able to harness Broadridge's proprietary technology to identify, file and recover investment losses, alongside their extensive industry expertise."
Broadridge provides a comprehensive, proprietary technology solution for global class action services that will help clients identify and act on asset recovery opportunities. This includes a seamless process for identifying, filing, and recovering investment losses, backed by Broadridge's industry expertise.
"As the volume of securities class actions continues to rise, it's crucial for the clients of BNP Paribas' Securities Services business and other global financial institutions to leverage all available asset recovery opportunities," said Steve Cirami, Vice President, Head of Corporate Actions & Class Actions at Broadridge. "Broadridge's solutions will enable the clients of BNP Paribas' Securities Services business to obtain all required information to support their decisions on claim recoveries, facilitate investor participation in settlements and support key business functions, delivering a seamless and impactful client experience."
Investors have more recovery opportunities than ever before as the class action landscape continues to expand globally with more than 35 jurisdictions around the world adopting collective redress mechanisms for shareholders. In 2024 alone, there were more than 125 recovery opportunities and
Broadridge's dedicated global class action services team comprises deeply knowledgeable and experienced securities litigators, claims administrators, claims auditors and data specialists, equipped to provide clients with unmatched end-to-end services, portfolio monitoring and claims filing and registering processes in global jurisdictions. Learn more about the team here.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms underpin the daily trading of more than
About Securities Services at BNP Paribas (securities.cib.bnpparibas)
BNP Paribas' Securities Services business is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, its custody network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide. As a pillar of BNP Paribas' diversified banking model, Securities Services provides asset servicing solutions that are closely integrated with the first-class services of the Group's other business lines, in particular those of Global Banking and Global Markets.
As of 31 December 2024, Securities Services had
Media Contact:
Tatjana Kulkarni
Tatjana.Kulkarni@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.
FAQ
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