Broadridge Financial Solutions Inc - BR STOCK NEWS

Broadridge Financial Solutions (NYSE: BR) has appointed Martin Koopman as Chief Product Officer, effective January 1, 2023. Koopman, who joined Broadridge in 2014, will lead the Product Management team to enhance the company's SaaS offerings for financial services. With a history of innovation and double-digit growth in previous roles, he aims to strengthen Broadridge's position as a leading global fintech provider. This change is expected to accelerate product delivery and innovation, benefiting clients across multiple sectors.

Broadridge Financial Solutions (NYSE: BR) announced that CFO Edmund Reese will host individual investor meetings at the D.A. Davidson FinTech & Payments Spotlight Conference in New York City on December 8, 2022. Broadridge, a global Fintech leader with revenues exceeding $5 billion, provides critical infrastructure for investing, corporate governance, and communications. Its solutions facilitate daily trading of over $9 trillion in securities globally, serving banks, broker-dealers, and public companies. The firm employs over 14,000 associates and is part of the S&P 500 Index.

Broadridge Financial Solutions announced the promotion of Jim Kwiatkowski to CEO of its AI-driven digital trading platform, LTX. Kwiatkowski, who has over 20 years of experience in electronic trading, aims to enhance LTX's mission to address liquidity issues in credit markets using AI. He succeeds Art Certosimo, who will remain on the board, while Jim Toffey will take over as Chairman. Since its launch in 2020, LTX has seen significant growth, facilitating over $7 billion in firm orders and achieving an average daily volume of $26 billion.

Broadridge Financial Solutions (NYSE: BR) and SLIB have launched a global voting solution aimed at enhancing shareholder engagement in the French market. This collaboration builds on their previous initiative from December 2021 that catered to French investors holding international shares. The new solution streamlines the voting process, reducing operational and regulatory risks, and demonstrates strong corporate governance practices, essential for attracting foreign investments. Broadridge, with over $5 billion in revenues, continues to lead in corporate governance and communication.

Broadridge Financial Solutions (NYSE: BR) has declared a quarterly cash dividend of $0.725 per share, payable on January 5, 2023. Shareholders of record will be those who hold shares at the close of business on December 15, 2022. Broadridge is a leading global fintech company with revenues exceeding $5 billion, facilitating $9 trillion in daily trading across various securities. The company provides essential technology-driven solutions for investing, corporate governance, and communications, enhancing financial lives worldwide.

Broadridge Financial Solutions (NYSE: BR) will attend the Wolfe Research Wealth Symposium in New York City on November 8, 2022. Chief Financial Officer Edmund Reese will participate in a fireside chat at 10:30 A.M. Eastern Time, accessible via webcast on Broadridge's investor relations website. Broadridge, a leader in financial technology with over $5 billion in revenue, facilitates essential infrastructure for investing and corporate governance, connecting public companies with millions of investors globally.

FLX Networks has successfully raised $10 million in growth equity funding, valuing the company at approximately $50 million. The funding round was led by Barings, with participation from Allianz Life Ventures and Broadridge Financial Solutions (NYSE: BR). This investment aims to enhance FLX's technology and expand its team. Since its inception in December 2019, FLX has achieved over $1 billion in investment product sales and saved member asset managers more than $10 million in costs, demonstrating strong market confidence in its platform.

Broadridge Financial Solutions (NYSE:BR) reported first-quarter fiscal 2023 results, showcasing a 7% growth in recurring revenues to $806 million, with 9% growth in constant currency. Total revenues reached $1,283 million, an 8% increase, while diluted EPS dropped 26% to $0.42. The company reaffirmed its fiscal year 2023 guidance of 6-9% recurring revenue growth and 7-11% adjusted EPS growth. Despite a decrease in operating income and net earnings (25%), Broadridge remains optimistic about its long-term growth prospects.

Broadridge Financial Solutions (NYSE: BR) has launched a new end-to-end managed service for European asset managers to comply with the Sustainable Finance Disclosure Regulation (SFDR). Mandatory by January 1, 2023, SFDR requires consistent ESG factor disclosures in investment decisions. The solution covers Pre-contractual, Periodic, Website disclosures, and Principal Adverse Impact statements due by June 30, 2023. It offers automated data management and support in 35 languages, enhancing compliance efficiency for over 1,000 global fund groups.