Broadridge steps up to the plate in Japan 11 June 2013Tokyo Reporter: Georgina Lavers
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Broadridge Financial Solutions has brought on new clients for its domestic and cross-border post-trade solutions in Japan.
“We are privileged to support a growing number of Japanese customer operations, for both on-shore and cross-border processing,” said Akhter Khan, head of Asia Pacific securities processing solutions at Broadridge.
“Japan is a strategic market and we are experiencing positive growth in response to our investments in leading solutions.”
New clients on-boarded include a top-tier global investment bank now running live on Broadridge’s Affiliate Matching & Settlement solution, which is already improving the cost-effectiveness of clearing and settling Japanese equities in Tokyo for its affiliated overseas broker-dealer entities, said Broadridge.
“The solution, now operational at two brokers in Japan, enables firms to rationalize complex cross-border processing flows, match and reconcile inter-company trades, provide custody services such as corporate actions processing, and reduce custodian and network management costs.”
The firm has also signed a series of new client contracts for its JASDEC and Bank of Japan connectivity and processing solutions for on-shore Japanese broker-dealers with equity, Japanese government bond and yen payment operations.
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