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Broadridge Financial Solutions Inc. (NYSE: BR) is a leading global provider of investor communications and technology-driven solutions for wealth management, asset management, and capital markets firms. Since its spin-off from ADP in 2007, Broadridge has been at the forefront of financial technology innovation, helping clients manage risk, achieve operational excellence, and drive growth.
Broadridge operates through two main segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO). The ICS segment offers comprehensive solutions for proxy voting, regulatory communications, and shareholder engagement, while the GTO segment delivers advanced technology services and outsourcing solutions for trading, portfolio management, and back-office operations.
With over $6 billion in annual revenues and a presence in 21 countries, Broadridge's infrastructure supports the daily trading of more than $10 trillion of equities, fixed income, and other securities globally. The company serves a diverse clientele, including banks, broker-dealers, asset managers, wealth managers, and corporate issuers, providing the critical infrastructure needed to power investing, corporate governance, and communications.
Recent achievements highlight Broadridge's commitment to innovation and growth. The company has reported steady financial performance, including 6% organic recurring revenue growth for the second quarter of fiscal year 2024 and a reaffirmation of its annual guidance. Broadridge continues to enhance its product offerings, such as launching the Broadridge Investor Insights analytics platform to provide issuers with comprehensive investor and voting pattern data.
Broadridge also actively addresses key industry trends like the digitization of communications, mutualization of capabilities, and the evolving landscape of data and analytics. The company's strategic partnerships with financial institutions and corporate issuers worldwide further solidify its position as an industry leader.
Broadridge is a certified Great Place to Work®, employing over 14,000 associates dedicated to delivering unparalleled value to clients and fostering a culture of innovation. For more information about Broadridge and its solutions, visit their website.
Broadridge Financial Solutions (NYSE:BR) has launched a new automated voting service for the Spanish market in collaboration with Santander Investment S.A. This service aims to streamline the voting process, reduce error rates, and enhance service offerings for custody banks and brokers in Spain. It aligns with Broadridge's Direct Market Solutions product suite, assuring full compliance with SRD II regulations. With a revenue of $5 billion and a global trading infrastructure supporting over $9 trillion, Broadridge continues to innovate in corporate governance and financial communications.
Broadridge Financial Solutions (NYSE: BR) announced it is the first fintech provider to connect with DTCC's new automated process for submitting corporate actions instructions in ISO 20022 format. This initiative enhances Broadridge's Global Asset Servicing Solutions, allowing clients to automate submissions, which reduces human error and costs. The integration aims to improve the efficiency of managing corporate actions, facilitating better processing rates. Broadridge services over 60 DTCC corporate actions clients and anticipates launching the program in early 2022 after thorough testing.
Broadridge Financial Solutions (NYSE: BR) will release its financial results for Q2 of fiscal year 2022 on February 1, 2022. A webcast and conference call will take place at 8:30 a.m. ET on the same day, featuring CEO Tim Gokey and CFO Edmund Reese. Investors can access the presentation through the Investor Relations website. Broadridge reported $5 billion in revenues and supports over $9 trillion in daily trading across various securities globally, playing a crucial role in financial infrastructure and corporate governance.
On January 18, 2022, Pareto Securities announced the implementation of Itiviti's multi-asset order management solution, powered by Broadridge Financial Solutions (NYSE: BR), marking a significant shift from its previous technology provider of 10 years. This upgrade aims to enhance client connectivity and trading capabilities. COO Kristian O. Stenbakk expressed confidence in Broadridge's user-friendly platform and strong service quality, positioning Pareto for improved execution services and market adaptability.
Broadridge Financial Solutions (NYSE: BR) has announced plans to provide end-to-end proxy vote confirmation to shareholders of over 2,000 U.S. public companies in 2022. This enhancement aims to increase trust in the proxy voting process, developed with input from a Working Group led by the Society for Corporate Governance and the Council of Institutional Investors. The new protocols include a pilot for early-stage voting entitlement reconciliation, which addresses discrepancies in voting records before shareholder meetings, ensuring accurate vote tallying.
Broadridge Financial Solutions (NYSE: BR) has launched a live cross-border proxy voting solution in partnership with SLIB, targeting the French market. This initiative assists financial intermediaries in complying with the new Shareholder Rights Directive (SRDII), enhancing corporate governance standards across Europe. The solution integrates Broadridge's global proxy voting infrastructure with SLIB's Votaccess platform, improving cross-border processing efficiency. This collaboration is expected to bolster shareholder democracy and stewardship among France-based investors.
Broadridge Financial Solutions (NYSE: BR) announced the appointment of Dipti Kachru as Global Chief Marketing Officer, effective January 18. Kachru will lead Broadridge's global marketing strategy, focusing on brand reputation and revenue growth. Previously, she served as CMO at J.P. Morgan's Wealth Management division, known for launching a successful client acquisition engine. Kachru's experience in financial services and her commitment to corporate governance and digital transformation are expected to enhance Broadridge's market position.
Broadridge Financial Solutions (NYSE: BR) has been recognized as a leader in the 2021 Aspire Leaderboard for Customer Communications Management (CCM) and Customer Experience Management (CXM). The report highlights Broadridge's Communications Cloud as the top solution for the financial services sector. Aspire's analysis commends Broadridge's omni-channel communication expertise, digital transformation capabilities, and consultative client approach. The firm aims to enhance customer engagement and operational efficiency through its innovative platform while facilitating seamless digital adoption for clients.
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