Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that SBI SECURITIES Co., Ltd. has selected Broadridge’s post-trade solution to launch its equities brokerage services to clients in the UK, through its subsidiary SBI Shinsei International Limited.
This is in addition to the existing relationship with Broadridge to process Japanese equities transactions in Hong Kong and Singapore. SBI Shinsei International Limited will also be leveraging Broadridge’s Swift Service Bureau to automate Swift messaging workflows with its custodian.
“Broadridge has proven to be the partner of choice for us as we grow our business globally. Building on our existing relationship in Hong Kong and Singapore, Broadridge has demonstrated a deep understanding of our requirements for global expansion. This has allowed us to go to market in the UK quickly and with confidence, while leveraging the benefits of the existing ASP cloud environment,” said Ichiro Takahashi, Head of Global Operations of SBI SECURITIES. “Using Broadridge’s global standard for post-trade processing and Swift workflows allows us to provide attractive opportunities to SBI SECURITIES’ clients as we expand around the world.”
“We are very excited to further expand our relationship with SBI SECURITIES for the benefit of their clients in the UK,” said Mike Sleightholme, president of Broadridge International. “Broadridge is committed to providing a leading suite of innovative and globally scalable solutions to our clients across the trade lifecycle, to help simplify and innovate trading. Our global footprint and track record allows clients such as SBI SECURITIES to streamline their operations across entities, gain cost efficiencies, and grow revenue by rapidly providing differentiated services to their clients.”