LAKE SUCCESS, N.Y.,
June 15, 2015 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR) today
announced that Portigon Financial Services, an international
portfolio service provider with branches in Dusseldorf, London and New
York, is now live on Broadridge's global post-trade
processing solution for both its German domestic and international
businesses across exchange-traded derivatives and securities.
The implementation allows Portigon to boost its operational
efficiency levels by unifying both domestic and cross-border flows,
rationalizing processing previously conducted on three separate
systems and consolidating across asset classes though a single,
best-in-class solution. The major benefits were delivered within 12
months through Broadridge's and Portigon's highly disciplined
implementation process.
"Broadridge has helped transform the economics of our
operational model, and will enable us to increase the quality,
standardization and functionality of our service as we support our
client base and take on new business," said Klaus Bremges, Chief
Operating Officer of Portigon. "Broadridge has been an excellent
partner in support of our strategy to streamline multi-asset
post-trade processing. Its in-depth capital markets expertise and
exceptional standards of service have ensured a high-quality
deployment that will significantly enhance our services."
"We are committed to serving firms such as Portigon, who seek to
enhance their competitiveness by streamlining operations across
business silos using our global post-trade solution," said
Tom Carey, President, Global
Technology and Operations International, Broadridge. "It is a great
privilege to have been selected as Portigon's single multi-asset
solution provider demonstrating our capability to operate across
multiple asset classes and implement solutions across Portigon's
home market and international markets."
Portigon's solution includes full middle- and back-office
transaction processing across asset groups. It supports processing
of confirmations, trade reporting, position management, netting,
settlement, corporate actions and statements and advices, and is
fully integrated with Broadridge's EMIR Regulatory Reporting
services.
Within the past year, Broadridge has received various industry
awards – including the Futures & Options World International
and Asia awards for Best New
Product, Clearing – in recognition of its investments in
multi-asset processing and its dedication to providing clients with
a true global, multi-asset, post-trade solution.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE:BR) is the leading provider of investor communications and
technology-driven solutions for broker-dealers, banks, mutual funds
and corporate issuers globally. Broadridge's investor
communications, securities processing and business process
outsourcing 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% 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 6,700
full-time associates in 14 countries.
About Portigon (www.portigon.com)
Portigon Financial
Services GmbH, headquartered in Dusseldorf, North-Rhine Westphalia,
Germany, is a leading servicer for
commercial assets, liabilities and derivatives and offers its
service platform to selected third parties, including bad banks,
operating banks, funds and insurers. Portigon offers end-to-end
servicing covering an extensive range of banking products: loans,
securities and derivatives from plain vanilla banking products
through to highly complex financial instruments.
Media
Contacts:
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Kate
McGann
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Erica
Sunkin
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Broadridge
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Edelman
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+212-981-1395
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+1-212-729-2126
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Katherine.mcgann@broadridge.com
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erica.sunkin@edelman.com
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SOURCE Broadridge Financial Solutions, Inc.