Broadridge's SRD II Solution Wins Industry Recognition as Asset Servicing Regulatory Solution of the Year

Rhea-AI Summary

Broadridge Financial Solutions (NYSE: BR) has been awarded the Asset Servicing Regulatory Solution of the Year for its innovative Shareholder Rights Directive (SRD II) solution at the Asset Servicing Times Awards in London. The end-to-end SRD II solution enhances proxy voting and shareholder disclosure, facilitating compliance for market intermediaries. Broadridge implemented over 300 client solutions, focusing on digital connectivity and governance. With revenues of $5 billion, the company plays a pivotal role in corporate governance and market transparency, underpinning over $9 trillion in daily trading globally.

Positive

• Won the Asset Servicing Regulatory Solution of the Year award, enhancing market reputation.
• Implemented over 300 client solutions for SRD II compliance, indicating strong demand for services.
• Innovative use of Blockchain technology in the Shareholder Disclosure Hub enhances transparency and efficiency.

Negative

• None.

NEW YORK and LONDON, Nov. 17, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), has won the Asset Servicing Regulatory Solution of the Year for its innovative updated Shareholder Rights Directive (SRD II) solution at the inaugural Asset Servicing Times Awards Dinner in London.

Broadridge's end-to-end SRD II solution, comprising an enhanced version of its Global Proxy solution and a new innovative Blockchain-based Shareholder Disclosure Hub, enables all types of market intermediaries - banks, brokers, wealth managers and central securities depositories (CSDs) - to meet their SRD II obligations for increased governance and transparency through a strategic, efficient process for proxy voting and shareholder disclosure across European markets.

"As a result of our significant investments in platform innovation, global infrastructure and local market digital connectivity, we implemented over 300 client solutions helping customers and the wider industry to respond quickly and effectively to SRD II," said Demi Derem, General Manager of Broadridge's International Investor Communication Solutions. "We continue to evolve our solutions with a focus on greater digital connectivity across counterparties in the investment value chain. These innovations are driving efficiency, transparency and improving market deadlines never seen before in the industry".

"Critically, because its SRD II innovations support both retail and institutional shareholder voting, Broadridge has not only helped hundreds of firms to navigate this challenging regulation, but in doing so it has helped to underpin the growing drive for increased shareholder democracy by empowering a larger community of investors," said Justin Lawson, publisher and founder Asset Servicing Times. "Increasingly there is a desire amongst the investment community – both retail and institutional - to have a voice in how the companies in their portfolios are run, especially on ethical topics such as ESG policies and board remuneration.  Through the successful roll-out of its voting and disclosure solution, Broadridge has proven to be a key enabler at time when corporate governance is under the spotlight."

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work^®, Broadridge is part of the S&P 500^® Index, employing over 13,000 associates in 21 countries. For more information about us, please visit broadridge.com.

Investors:

W. Edings Thibault
Investor Relations
+ 1 516-472-5129
Edings.thibault@broadridge.com

Media:

Gregg Rosenberg
Corporate Communications
+1 212-918-6966
Gregg.rosenberg@broadridge.com

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

What award did Broadridge Financial Solutions win in November 2021?

Broadridge won the Asset Servicing Regulatory Solution of the Year award.

What is the significance of the Shareholder Rights Directive (SRD II) for Broadridge?

SRD II is crucial for compliance among market intermediaries and enhances governance and transparency.

How much revenue does Broadridge Financial Solutions generate?

Broadridge generates approximately $5 billion in revenue.

How does Broadridge support corporate governance?

Broadridge provides critical infrastructure and technology for better corporate governance and investor communication.

What role does Broadridge play in daily trading?

Broadridge's infrastructure supports the daily trading of over $9 trillion in various securities globally.