LAKE SUCCESS, N.Y.,
June 7, 2018 /PRNewswire/ --
Broadridge Financial Solutions, Inc. (NYSE: BR), a global fintech
leader, has further expanded its global market intelligence
business with the acquisition of MackayWilliams, a specialist
European fund market and research firm. The acquisition will
combine Broadridge's fund data and analytics solutions with
MackayWilliams' leading insight into European mutual fund trends,
brand perceptions and fund selector behavior offering clients a
more integrated and holistic view of retail and institutional
markets across regions.
MackayWilliams provides proprietary sentiment and brand data
from over 1,000 annual fund buyer interviews via its flagship
solution, Fund Buyer Focus, as well as market research and trend
analysis through subscription services that include Fund Radar and
Fund Brand 50. Combined with Broadridge's "Global Market
Intelligence" analytics platform, which analyzes over 82,000 mutual
funds and ETFs globally, clients will now be able to access a fully
integrated fund distribution intelligence solution, revealing
unrivalled insights of the European and cross-border fund
market.
This acquisition advances Broadridge's international growth
strategy and provides its asset management clients with leading
data solutions and market intelligence, and is another example of
how Broadridge is delivering real business value through
technology-driven solutions. Broadridge has invested in expanding
its solutions with several acquisitions in recent years including
certain assets of the Thomson Reuters Lipper Fiduciary Services and
Competitive Intelligence businesses, Spence
Johnson, a provider of institutional data and analytics that
tracks over $22 trillion of
institutional assets, and Morningstar's fund board 15(c) advisory
business.
Dan Cwenar, Head of Asset
Management Data and Analytics, Broadridge comments: "The
acquisition of MackayWilliams complements our existing global asset
management intelligence offerings. The firm's team have developed a
deep understanding of fund selectors' buying behavior across
European asset management hubs with extensive historical data and
insights to draw on in each region. Going forward, our expanded
product set will enable clients to understand how investment
markets are evolving and will provide data-driven insights to craft
country-by-country distribution strategies."
Diana Mackay, MackayWilliams
comments: "We are delighted and very excited to be joining the
Broadridge family. Having spent two years working cooperatively
with the team on our joint Distribution Dialogues and various
Broadridge reports, it is a natural step forward in our
relationship and one that enables us to implement many of the
service developments that we have dreamed of in our many
discussions. The synergies between our two businesses offer huge
opportunity for expanding our coverage, developing new data and
insights but, above all creating an enhanced service for our
clients."
Terms of the transaction were not disclosed.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR), a $4 billion 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 50 percent of public companies and mutual funds globally, 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.
About MackayWilliams
MackayWilliams is an independent
research boutique specialising in the research and analysis of the
European mutual funds arena with particular reference to funds'
distribution. The group, which operates from offices in
London and Berlin, works with asset managers to provide
in-depth European market analysis, consultancy services and access
to the views and demands of Europe's major distributors and fund
selectors. The partners of MackayWilliams have a 25-year legacy of
developing leading edge data and insights on European industry
trends. MackayWilliams was advised by Eleanor Wilkinson of ABG Corporate Finance LLP.
For more information about MackayWilliams, please visit
www.mackaywilliams.
Contact information:
Investors:
W. Edings Thibault
Investor Relations
+1 516-472-5129
edings.thibault@broadridge.com
Media:
EMEA
Cognito Media
Oliver Mann/Georgie Gold
+44 207-426-9417
BroadridgeEMEA@cognitomedia.com
U.S.
Matthew Luongo
Prosek Partners
mluongo@prosek.com
+1 646-396-0966
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SOURCE Broadridge Financial Solutions, Inc.