LAKE SUCCESS, N.Y., Aug.16,
2017 /PRNewswire/ -- Broadridge Financial Solutions, Inc.
(NYSE:BR) announced that Whitebox Advisors, a global,
multi-strategy, multi-billion-dollar hedge fund, has chosen
Broadridge's best-in-suite solution to transform Whitebox's
technology platform to a new paradigm of fully integrated, hedge
fund operations hosted by Broadridge. In particular,
Broadridge will provide a comprehensive, fully hosted and
integrated platform of trading, portfolio management, reference
data, reconciliation and data warehouse solutions to manage
Whitebox's front, middle and back-office operations. This move
to Broadridge's hosted platform will enhance Whitebox's ability to
quickly respond to new growth opportunities.
Broadridge's fully integrated solution will enable Whitebox to
streamline and automate workflow around a complex array of traded
instruments. Broadridge will be hosting Advent's Geneva, thereby integrating Geneva with Broadridge's data warehouse, HTML
5-based reporting solution and state-of-the-art order management /
portfolio management/ risk management system, which is backed by
Broadridge's central security master and pricing solutions.
Replacing the siloed solutions means no longer being tied to
aligning the upgrade paths of multiple vendor solutions with all
the of operational risks and costs related thereto.
"Like many funds, we believed that our business was complex and
required a very unique set of products and a large amount of
customization," said Michael
McCormick, COO, from Whitebox Advisors "What impressed us
about the Broadridge product offering was the breadth of the
capabilities and their ability to offer it as an integrated
solution, freeing us up focus on generating alpha and work that is
truly differentiating, by allowing us to simplify our operating
environment and reduce our need to be a system/vendor
integrator."
"We are excited to be providing Whitebox an integrated solution
to help support its platform based on best-of-breed components,"
said Eric Bernstein, President of
Broadridge asset management solutions. "We have strategically built
a unique integrated and hosted solution helping clients simplify
their infrastructure, decrease operational risk and lower their
total cost of ownership."
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR) a global fintech
leader, provides investor communications and technology-driven
solutions for broker-dealers, banks, mutual funds and corporate
issuers globally. Broadridge's investor communications, securities
processing and managed services solutions help clients reduce their
capital investments in operations infrastructure, allowing them to
increase their focus on core business activities. With over
50 years of experience, Broadridge's infrastructure underpins proxy
voting services for over 90 percent of public companies and mutual
funds in North America, and
processes more than $5 trillion in
fixed income and equity trades per day. Broadridge employs
approximately 10,000 full-time associates in 16 countries. For more
information about Broadridge, please visit www.broadridge.com.
Media Contacts:
Tina Wadhwa
Corporate Communications
+1 212-973-6164
tina.wadhwa@broadridge.com
Brett Philbin
Edelman
+1 212-704-8263
brett.philbin@edelman.com
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SOURCE Broadridge Financial Solutions, Inc.