Bob Schifellite to become Chairman of
Investor Communication Solutions
NEW
YORK, Sept. 6, 2023 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE:BR) today
announced the appointment of Michael
Tae and Doug DeSchutter as
Co-Presidents of its Investor Communication Solutions (ICS)
business, effective October 1, 2023.
In their new roles, Tae and DeSchutter will be responsible for all
aspects of the company's ICS business segment, including the bank
broker-dealer, corporate issuer, mutual fund and retirement, and
customer communications solutions businesses. As part of the
long-planned leadership transition, current President Bob Schifellite will move into a new advisory
role engaging with clients and advising Mike and Doug as Chairman
of Broadridge's ICS.
"Mike and Doug are proven leaders with a strong track record of
leveraging innovation to deepen our relationships with clients and
deliver strong financial results for our shareholders. I'm
confident they will help drive the continued evolution of our
investor communications business by accelerating innovation and
driving digitization," said Tim
Gokey, CEO of Broadridge. "I am also excited to work with
Bob in his new role, where he will use his strong relationships and
tremendous leadership to help our business continue to grow."
Tae was named President of ICS's Mutual Funds, Retirement,
Issuer and Data & Analytics businesses in January 2023. Since joining Broadridge in 2017,
Tae has led Broadridge's efforts to enhance innovation through a
combination of acquisitions and internal investments, first as
Chief Strategy and Corporate Development Officer and then later as
Chief Transformation Officer for ICS. He has also driven the
company's regulatory strategy, with a focus on developing solutions
to enhance the effectiveness of fund and retail investor
communications. As executive chair of Broadridge's Multi-Cultural
Associate Network, he has been a champion of the company's DEI
initiatives. Tae began his career at McKinsey & Company before
moving to Merrill Lynch investment banking as a Vice President in
their Financial Institutions Group. He later served as Director of
Investments for the Troubled Asset Relief Program (TARP) at the
U.S. Department of Treasury.
DeSchutter took the helm of Broadridge's Bank Broker-Dealer
business in January 2023, adding
leadership of Broadridge's Proxy, Prospectus, and related
businesses to his prior role as President of Broadridge Customer
Communications. He has been a member of the executive committee for
16 years, joining Broadridge as Chief Strategy and Corporate
Development Officer when it first became an independent company.
Over the past decade, he has led the company's digital disruption
strategy, using technology-led product innovation to create
next-gen digital offerings for the market and drive Broadridge to
become the leading omni-channel communications provider. Prior to
joining Broadridge, he held various leadership roles at ADP and was
Vice President, Technology M&A at Lehman Brothers.
"Broadridge plays an important role in enabling corporate
governance across public companies and funds, and I'm excited to
work with Doug to further strengthen the value we provide to our
clients and ensure that investors get the critical information they
need to make better financial decisions," said Tae. "I'm thrilled
to lead Broadridge's Investor Communication Solutions business
alongside Mike as we continue to innovate and solve for industry
needs at scale, such as digital transformation, in partnership with
our clients," said DeSchutter.
In his new role, Schifellite will engage with clients and advise
the ICS executive team on long-term vision and goals. "Mike and
Doug are the right leaders now, and I am excited to see them take
Broadridge ICS to its next phase. I look forward to using my 40
years of experience to support even greater outcomes for clients,"
said Schifellite.
Broadridge's ICS business sits at the center of a network that
connects hundreds of broker-dealers and wealth managers, thousands
of public companies, tens of thousands of funds, and more than 100
million individual investors. Broadridge's solutions empower
clients and investors as they look to engage in the market,
participate in the governance process, and better their financial
lives.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with over $6 billion in revenues, provides the
critical infrastructure that powers investing, corporate
governance, and communications to enable better financial lives. We
deliver technology-driven solutions that drive business
transformation for banks, broker-dealers, asset and wealth managers
and public companies. Broadridge's infrastructure serves as a
global communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. Our
technology and operations platforms underpin the daily trading of
more than $10 trillion of equities, fixed income and
other securities globally. A certified Great Place to
Work®, Broadridge is part of the S&P
500® Index, employing over 14,000 associates in 21
countries. For more information about us, please visit
broadridge.com.
Broadridge Contacts
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg Rosenberg
Global Head of Corporate Communications, Broadridge
Gregg.Rosenberg@broadridge.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/michael-tae-and-doug-deschutter-appointed-co-presidents-of-broadridges-investor-communication-solutions-business-301918558.html
SOURCE Broadridge Financial Solutions, Inc.