Broadridge Launches Two AI-Enabled Tools to Optimize Product, Strategy and Distribution Decision Making for Asset Managers


In response to increased demand from asset managers to drive distribution efficiencies and optimize performance in an increasingly competitive environment, global Fintech leader Broadridge Financial Solutions Inc. (NYSE: BR) announces the launch of DistributionAI and Global Demand Model.

“DistributionAI and Global Demand Model are the latest examples of Broadridge’s ability to harness AI-enabled analytics to create innovative solutions for clients,” said Nigel Birch, Global Head of Product, Data and Analytics, Broadridge. “These powerful new technologies are super-charging data analysis and making it much quicker and easier for asset managers to interpret and apply data-driven insights across critical decision-making functions.”

DistributionAI is a digital analyst tool within Broadridge’s Distribution Insight platform, which provides access to unique and proprietary global asset management market intelligence and research reports to help asset managers optimize distribution, product development, and sales and marketing. DistributionAI enables natural language interrogation of thousands of specialist proprietary research documents focused on the themes and trends defining success in the global asset management industry.

Broadridge’s new Global Demand Model measures and analyzes demand for asset management products today and in the future. It tracks over $100 trillion of global assets and delivers a total market view of demand, driven by proprietary data across public and private markets, and retail and institutional channels. Global Demand Model uses next generation AI-driven models to understand the relationship between asset flows and thousands of predictive capital market and macroeconomic features, married with human in the loop (HITL) systems from Broadridge’s team of global experts. The result equips asset managers with more confidence in the analysis of current and future product demand.

Learn more about Broadridge’s AI powered analytics for asset managers here.


Broadridge Announces International Launch of its Next-Gen Digital Investor Communications Platform


To better serve investors around the world with a new enriched investor communications and governance solution experience, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced the international launch of its next-gen digital communications platform, the Broadridge Communications CloudSM. The end-to end platform enables financial intermediaries to deliver transformational service levels by providing investors with enhanced customer experiences (CX) and data-centric insights while reducing costs.

“As the world continues to shift to digital and more personalized communications, investors are demanding the same type of experience, access, and instant service from their financial service providers,” said Demi Derem, Senior Vice President of International Investor Communications, Digital Transformation & Market Innovation, Broadridge. “Today’s launch underscores our strategic commitment to drive the evolution of investor communications, improving the digital communications and investor stewardship experience, enhancing distribution, and strengthening customer engagement around the world.”

The Communications Cloud is a best-in-class platform that creates, delivers, and manages an extensive range of essential communications such as confirmations, statements, corporate actions, proxies and prospectuses. By facilitating bidirectional communications and delivering next generation personalized and contextualized experiences, firms can now increase investor engagement, operational efficiencies, and digital adoption.

With more than 50% of financial services firms citing digital transformation as the most important strategic initiative according to the 2023 Digital Transformation and Next-Gen Tech Study, the platform – which already handles billions of digital communications annually across hundreds of clients in North America – is positioned to help accelerate the global digitization of the investor services industry.

Broadridge’s strength in digital platforms for regulatory investor communications was most recently recognized by the Everest Group, which named Broadridge as a Leader in its Digital Experience Platforms in Asset and Wealth Management Products PEAK Matrix® Assessment 2023.  Broadridge received a top rating for value delivered and technology capability.

Sitting 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 intermediaries and investors as they look to engage in the market, participate in the governance process, and enable better financial lives. Globally, Broadridge supports clients in over 100 markets.


Broadridge Launches New Proxy Voting in Austria via Direct Market Solutions


Further extending its innovation program to support the highest standards of corporate governance in local and global markets, Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the successful live running of its “market golden copy” event sourcing and proxy vote execution service for banks, brokers and wealth managers in Austria.

“We remain firmly focused on our commitment to innovate and transform the proxy voting eco-system, both globally and at a local market level, while reducing costs and risk to market intermediaries through our mutualised shared service model,” said Demi Derem, general manager of International Investor Communication Solutions, Broadridge. “Our investments for the Austrian market will deliver substantial improvements to operational efficiency with advanced straight-through processing for market participants and support incremental levels of shareholder democracy by empowering investor stewardship and related ESG strategies.”

The Austrian service is the latest operationally live addition to Broadridge’s fast-growing Direct Market Solutions (DMS) product suite that directly connects investors and issuers and improves voting deadlines for investors. DMS supports both institutional and retail investor voting in Austrian equities.

By providing a direct, automated service, Broadridge has significantly improved market deadlines – extending the voting window and research period for investors by an average of four days. Meeting and event notifications are electronically sourced from the market after which they are reconciled and forwarded to investors. Voting instructions received are provided digitally for physical submission at the meeting in accordance with national requirements. A confirmation of receipt of votes will be provided and displayed to investors confirming the vote was duly cast.

Broadridge announced its increased focus on driving local market efficiencies in 2021, with expanded coverage for proxy processing and extended voting windows as its core objectives. In 20 markets it has now met these fundamental objectives and remains on target to do the same for several more markets by 2023. These incremental local market innovations complement Broadridge’s existing leading global voting solutions that already provide investors 100% coverage across 100+ markets.


Broadridge Wins Innovation in Governance and Proxy Voting Award at Global Custodian’s Leaders in Custody Awards


Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has won the Innovation in Governance and Proxy Voting Award at this year’s Global Custodian Leaders in Custody Awards, a globally recognised ceremony acknowledging the achievements of the securities services industry. The award recognises Broadridge’s success in leveraging technology to transform global proxy voting, corporate governance and shareholder disclosure on a global scale.

“We’re pleased to honour Broadridge with an Innovation Award for extending corporate governance through proxy voting and disclosure, recognising the multiple new services introduced globally,” said Jonathan Watkins, Managing Editor of Global Custodian. “Some of these unique services have improved market voting deadlines, extended voting windows by up to three days and lowered overall costs to custodians. Broadridge has been a consistent innovator in this area of advancing corporate governance, and while this award recognises the organisation’s achievements over the past 12 months, we also noted this continued level of excellence in recent years.”

Broadridge’s Global Proxy and SRD II solution suite continues to expand through substantial investments in platform innovation, global infrastructure and extended local market digital connectivity to support higher standards of governance, transparency and investor stewardship. Adding to its existing market-leading voting and investment communication solutions, that provide 100% service and market coverage, in the past 12 months Broadridge has also extended its local sub custody offering, encompassing “golden copy” event sourcing and vote execution service to 20 of the world’s largest markets, with more to follow in 2022 and 2023.

“We are delighted to be recognised for our role in transforming and accelerating global corporate governance standards for the benefit of all participants throughout the investment communications lifecycle,” said Demi Derem, general manager of International Investor Communication Solutions at Broadridge.  “Broadridge has long advocated and championed industry change and invested heavily to enable more efficient, innovative, and market-leading technological solutions, all designed to increase shareholder democracy and continually drive the market forward.”

Pandiri named Global Custodian Legend

Samir Pandiri, President of Broadridge International, has also been named a Global Custodian Legend in the publication’s Hall of Fame. The award honours individual standout achievements that have shaped the securities services industry of today. Samir’s experience and global outlook, coupled with his deep technology and operations expertise, places him at the forefront of innovation and extraordinary changes in the industry.

“To have Broadridge’s continued commitment to global proxy services validated and recognised by a leading publication in the international securities services space is fantastic,” said Samir Pandiri, President of Broadridge International. “I am proud to sit beside the august industry legends in Global Custodian’s Hall of Fame – it’s a huge honour.”


Broadridge Announces Go-Live of Global Proxy Sub-Custody Services in Switzerland


As part of the ongoing worldwide rollout of its innovation program to promote and enable the highest standards of corporate governance in local and global markets, Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the live operational availability of its “golden copy” event sourcing and proxy vote execution service for custodians and local agents in Switzerland.

The Swiss service is the latest market-ready addition to Broadridge’s fast-growing sub-custody Direct Market Solutions (DMS) product suite that can directly connect investors and issuers.

“This new local service offering for Switzerland is another market-level transformation, empowering all participants throughout the proxy voting lifecycle to transition to a more streamlined and efficient process,” said Demi Derem, GM, International Investor Communication Solutions at Broadridge. “Firms adopting our service for the Swiss market can now capitalize on straight-through processing automation, which extends their clients’ voting window while lowering overall voting costs through a mutualized shared service model.”

Broadridge’s extensive user community – global and local custodian banks, brokers, wealth managers and central securities depositories (CSDs) – can now further enhance their services provided to Swiss market investors by enabling early receipt of issuer-verified event announcements, improved deadlines for submitting votes, confirmation of votes received by the issuer or its agent, and power of attorney services for both bearer and registered shares. Issuers also benefit from a channel through which greater event information can be distributed directly to the investor, and voting transparency is enhanced as instructions can be received in a timelier manner.

Broadridge recently announced its expanded coverage for proxy processing and extended voting windows for 20 sub-custody markets in 2021, with more markets to follow in 2022 and 2023. This complements Broadridge’s existing leading global voting solutions that already provide 100% coverage across 100+ markets.


Broadridge Names Keir Gumbs Chief Legal Officer


Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, today announced that Keir Gumbs has been appointed Chief Legal Officer, effective July 27, 2021. Gumbs will succeed Adam Amsterdam, who will be retiring after nearly 30 years of leading Broadridge’s Legal function. As part of a long-planned transition, Amsterdam will step into a Senior Advisor role.

“I want to thank Adam for 30 years of dedication and his unwavering commitment to developing a world-class legal function that has been vital to enabling Broadridge to operate in an increasingly complex and dynamic legal and regulatory landscape,” said Tim Gokey, Broadridge’s Chief Executive Officer.

Gokey continued, “As we continue to drive Broadridge’s evolution, I am excited to welcome Keir to Broadridge. His accomplishments and expertise in corporate governance are certain to be an asset to our company and our clients, and I am confident our leadership team will benefit from his impressive experience and vision.”

Gumbs will oversee the legal, compliance and physical security teams for Broadridge, will help lead Broadridge’s policy efforts and will serve as the primary legal advisor for senior management and the Board of Directors. Additionally, he will join the Broadridge Foundation Board, Risk Committee, and Environmental, Social and Governance (ESG) committee.

Gumbs is a noted thinker and speaker on Corporate Governance issues. He was a Partner at Covington & Burling LLP for many years, where he represented a cross-section of clients in governance, securities, and transactional matters. Previously, he held positions with the Securities and Exchange Commission over six years, including serving as Counsel to an SEC Commissioner.

Gumbs joins Broadridge from Uber Technologies, where he served as Deputy Corporate Secretary and Deputy General Counsel, overseeing Uber’s Corporate Governance, Securities, ESG, Marketing, Payments, M&A, and Real Estate teams. He helped Uber transition to a public company, executing more than $18 billion in financing and M&A transactions, and helped build its ESG and corporate governance programs.


Broadridge Collaborates with AWS to Extend its Private Market Hub, the Industry-Leading Private Equity Blockchain Solution


Utilizing distributed ledger technology (DLT) to better streamline and connect the private equity ecosystem and assets, Broadridge Financial Solutions, Inc. (NYSE: BR) today released the latest evolution of its industry-leading Private Market Hub platform, using Amazon Managed Blockchain from Amazon Web Services, Inc. (AWS). The updated platform, the industry’s first deployment of blockchain technology for the private equity market, now has added connectivity to existing industry tools and technologies to help further automate workflows between front-, middle- and back-office functions providing a consistent, secure, real-time view of the data.

“We are leveraging blockchain technology to drive further innovation, removing industry friction in workflows and delivering real savings in terms of cost and time, by offering seamless connectivity to critical applications and solutions that industry participants rely on,” said Eric Bernstein, Broadridge’s President of Asset Management Solutions. “The trends around digitization and data and analytics are only growing, and digital assets mark the start of an exciting new era for the private markets industry and fund managers and investors alike, accentuating the need to access best-in-class products to address the evolving landscape.”

“We are excited to support Broadridge’s Private Market Hub, which accelerates the digitization of a critical part of the financial services infrastructure,” said Saman Michael Far, VP, Financial Services Technology, Amazon Web Services. “Private Market Hub’s use of Amazon Managed Blockchain, a fully managed blockchain service, allows us to help Broadridge scale efficiently and more effectively serve its customers.”

Bringing together private equity ecosystem participants, Private Market Hub not only reduces friction for fund managers, investors and administrators, but also allows for easier auditability. Funds can manage, communicate and engage with investors and other stakeholders with far greater efficiency. These innovations are enabled by distributed ledger technology, which streamlines traditionally disconnected and inefficient processes and facilitates visibility and trust.

Making private investments is a highly manual and time-intensive process for all parties involved, due to disconnected communication and data-sharing channels. For funds, managing investor communications and other documents is a burdensome task and functions for managing processes like capital calls are both time- and resource-intensive. Back-office reconciliation between systems often requires extensive manual steps and, as a result, there is no single view of fund performance and investor details.

The newest version of the Private Market Hub solves these challenges and extends the feature set available to platform participants, including independent auditor access, and adding connectivity to existing industry tools and technologies via Private Market Hub’s open API architecture.


Broadridge Schedules Webcast And Investor Conference Call To Review Second Quarter Fiscal Year 2021 Results On February 2, 2021

Broadridge Financial Solutions, Inc. (NYSE:BR) is scheduled to release its financial results for the fiscal second quarter and the six months ended December 31, 2020 of fiscal year 2021 on Tuesday, February 2, 2021.

Broadridge will host a webcast and conference call at 8:30 a.m. ET on February 2, 2021, to discuss the results for the second quarter of fiscal year 2021. Tim Gokey, Chief Executive Officer, and Edmund Reese, Chief Financial Officer, will participate on the call.

To listen to the live event and access the slide presentation, visit Broadridge’s Investor Relations website at prior to the start of the webcast. To listen to the call, investors may also dial 1-877-328-2502 within the United States and international callers may dial 1-412-317-5419.

A replay of the webcast will be available and can be accessed in the same manner as the live webcast at the Broadridge Investor Relations website. Through February 16, 2020, the recording will also be available by dialing 1-877-344-7529 passcode: 10150640 within the United States or 1-412-317-0088 passcode: 10150640 for international callers.