PAG Chooses Broadridge to Modernize Portfolio Management Technology, Bolster Private Debt Operations

Rhea-AI Summary

Broadridge Financial Solutions (NYSE: BR) announced a partnership with PAG, a leading Asia-focused investment group, to provide a cloud-based portfolio management solution. The Broadridge Sentry system aims to enhance PAG's private debt operations by integrating middle- and back-office functions into a single platform. This move is expected to improve operational efficiencies and support PAG's growth in the complex private debt market of Asia. Broadridge continues to expand its capabilities in the financial technology sector, particularly for private debt and equity markets.

Positive

• Broadridge's partnership with PAG enhances its position as a key technology provider in the growing private debt sector.
• The integration of Broadridge Sentry system improves operational efficiencies for PAG's private debt management.
• Broadridge continues to strengthen its technology offerings through acquisitions, enhancing its market competitiveness.

Negative

• None.

NEW YORK, Oct. 26, 2020 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, announced that PAG, one of the world's largest Asia-focused investment groups, has chosen Broadridge as a cloud-based portfolio management technology provider. The enhancement will support PAG's capabilities for its private debt operations.

Broadridge will provide PAG with a highly scalable cloud-based system that will further enhance its capabilities. The Broadridge Sentry portfolio management solution will help PAG's private debt team fully integrate middle- and back-office operations into a single streamlined technology system.

"Private debt in Asia has provided significant opportunity for firms that can manage the complexity inherent in these markets. PAG has an established track record of success, and the support of Broadridge's technology will help us as we position ourselves for the next phase of growth," said Derek Crane, COO at PAG.

"We are delighted that PAG has chosen Broadridge's portfolio management technology in Asia to advance its operational efficiencies in private debt," said Eric Bernstein, president of Asset Management Solutions at Broadridge. "Investors are demanding robust growth alongside transparency, and our technology systems can help clients achieve both needs."

As a leading private debt manager in Asia, PAG provides financing solutions to its partners across the region. With technology and operations that can flexibly scale to support ongoing growth, PAG will continue to be well-positioned to explore future opportunities.

Broadridge continually strengthens its capabilities to meet the growing technology needs of the private debt and private equity marketplace. Its acquisition of ClearStructure Financial Technology expanded its capabilities to improve investment workflow efficiency for portfolio managers, and its private equity platform leverages blockchain technology to connect the complex private equity lifecycle for all market participants.

About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR), a U.S. $4 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. $8 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. For more information about Broadridge, please visit www.broadridge.com.

About PAG
PAG is one of the world's largest Asia-focused private investment firms, with a network of 200 seasoned investment professionals in nine key offices in Asia and around the world. With experience across industries and market cycles, PAG delivers value to investors by seeking out market leaders and investing to help them reach their full potential. The firm invests globally with a primary focus on Asia. PAG currently manages US$40 billion in capital on behalf of more than 150 leading institutional investors from Europe, North America, Asia and the Middle East. For more information, visit www.pag.com.

Media Contacts:

Matthew Luongo
Prosek Partners
+1 646.818.9279
mluongo@prosek.com

Linda Namias
Broadridge Financial Solutions
+1 631.254.7711
Linda.Namias@broadridge.com 

View original content:http://www.prnewswire.com/news-releases/pag-chooses-broadridge-to-modernize-portfolio-management-technology-bolster-private-debt-operations-301159997.html

SOURCE Broadridge Financial Solutions, Inc.

FAQ

What technology did Broadridge provide to PAG?

Broadridge provided PAG with a cloud-based portfolio management solution known as Broadridge Sentry.

How will the Broadridge partnership benefit PAG?

The partnership will enhance PAG's operational efficiencies by integrating middle- and back-office operations into a streamlined system.

What is Broadridge's stock symbol?

Broadridge's stock symbol is BR.

When was the partnership between Broadridge and PAG announced?

The partnership was announced on October 26, 2020.

What market is PAG focusing on with this new technology?

PAG is focusing on the private debt market in Asia with the new technology from Broadridge.