-- Multi-asset solution increases efficiency, improves business controls and reduces costs through streamlined processing
LAKE SUCCESS, New York, 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.
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.
SOURCE Broadridge Financial Solutions, Inc.