HONG KONG, May 15, 2016 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE: BR) today announced that
China Post & Capital Global
Asset Management Limited ("China Post Global"), the international
asset management arm of China Post
& Capital Fund Management Co., Ltd. – jointly owned by China
Post Group, Capital Securities and Sumitomo Mitsui Banking
Corporation -- went live on Broadridge's integrated trading and
portfolio management platform.
China Post Global has deployed the solution for its Market
Access ETFs. Broadridge will also manage its ETF products globally
as well as the firm's China fund distribution network. Broadridge's
integrated trading, compliance, portfolio management and reporting
solution supports the set-up, tracking, mark-to-market and
management of the assets making up the synthetic ETFs. China Post
Global also utilizes Broadridge's
SWIFT service bureau.
"After acquiring the Market Access ETF range from Royal Bank of
Scotland, a rapid and smooth
transition was a key focus for us," said Chris Satterfield, CEO, China Post Global.
"Broadridge was able to natively and seamlessly support our
synthetic ETF workflows, while on-boarding us in less than one
month. We see Broadridge as a reliable long-term partner that can
scale with us as we grow."
Bennett Egeth, president of
Broadridge Investment Management Solutions, said: "ETF markets in
Hong Kong and China are
outperforming peers in the broader Asian ETF market, which is still
at a relatively early stage of development with less than 10
percent of global market share. Broadridge is very proud to be
working with an innovative Asian provider like China Post Global to
address this tremendous opportunity by providing efficient,
scalable and future-proof portfolio management solutions."
"Broadridge's success in serving asset managers in Asia comes from more than just a strong
technology offering — it is also due to our mature local hosting
and support model, in combination with global reach and
scalability, which is a strong differentiator," Egeth
continued.
Broadridge has been offering leading solutions across the
Asia-Pacific region for more than
two decades and currently has nearly 2,500 associates throughout
Asia-Pacific. It provides
technology-driven solutions for financial services firms across the
buy-side and sell-side, including asset managers, hedge funds,
broker-dealers, banks and mutual funds.
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 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% of public companies and mutual funds in North
America, and processes on average $5 trillion in equity
and fixed income trades per day. Broadridge employs approximately
7,400 full-time associates in 14 countries. For more information
about Broadridge, please visit www.broadridge.com.
Media
Contacts
|
|
Peggy Wu
|
Kate
McGann
|
Ryan
Communication
|
Broadridge Financial
Solutions
|
Peggy@ryancommunication.com
|
Katherine.mcgann@broadridge.com
|
+65 6876 5785
|
+1 212 981 1395
|
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SOURCE Broadridge Financial Solutions, Inc.