Broadridge appoints industry veteran 31 January 2014Lake Success Reporter: Daniel Jackson
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Broadridge Financial Solutions has appointed Bennett Egeth as president of its newly expanded investment management business.
Building on Broadridge’s 2011 acquisition of Paladyne Systems, this business offers investment managers, global banks, broker-dealers and fund administrators solutions for investment management, reference data and risk technology, including enterprise-wide order management, portfolio management and reporting.
As part of Broadridge’s growing commitment to servicing hedge funds, asset managers and asset servicing clients, Paladyne Systems will become part of the Broadridge investment management business.
Egeth has a 30-year track record of success growing businesses across diverse financial services institutions. As president of the newly expanded business, he brings deep knowledge and expertise in helping global investment managers, asset servicing providers, banks and broker-dealers increase revenue and solve problems in complex operating environments.
Charlie Marchesani, president of global technology and operations solutions at Broadridge, said: “Over the last two years, Broadridge has reinforced its commitment to the investment management segment and demonstrated strong growth through the addition of 110 new clients spanning hedge funds, hedge fund administrators and traditional asset management firms.”
“By combining Paladyne’s investment management, reference data and risk management capabilities, Broadridge can serve the broader needs of investment managers and offer risk and reference data solutions to global banks and broker-dealers.”
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