Broadridge Financial Solutions Expands Investor Communication Solutions Services in Australia
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the expansion of its investor communications activities in Sydney to support its growing local market operations as well as further enhancing its regional client service presence. Through this expansion, Broadridge will be able to offer enhanced outsourcing solutions to new and existing clients of its investor communication solutions in Australia and abroad.
Broadridge is providing a comprehensive Australian proxy service for both its Australian and global custodian clients. Tightly integrated with Broadridge’s existing global proxy service, it enables a fully-automated, electronic product that supports straight-through processing of the entire proxy process for Australian shareholder meetings, from local material sourcing to final vote execution direct to registrars. In addition, the service enables Australian institutions to vote overseas positions seamlessly from the same voting platform. For the first half of 2008, Broadridge processed over 1.6 million ballots in over 50 different markets for the global institutional customers of its custodian clients.
John Ryan, who has been with Broadridge for more than 10 years, will be spearheading general business development across Australia and New Zealand, as well as retaining his duties for Broadridge’s securities processing business. Nikhat Fatima, a six-year veteran of Broadridge’s global proxy operations, has joined the Australian operation in the role of Client Services Manager.
“We are very pleased to be able to expand our Global Proxy offering in the Australian market, further improving service levels to our local and international client base,” said Bruce Babcock, President, Investor Communication Solutions, International, Broadridge. “We are very excited about our plans in Australia and already have further plans to expand both our operations and our client service presence in the region.”