Broadridge Financial Solutions Inc. is expanding its professional services practice within the company’s Global Technology and Operations business division in a bid to help financial institutions steer through regulatory and operational challenges – Erik DiGiacomo has been appointed as the practice’s leader.
Earlier this month, Pershing Securities Australia Ltd., part of BNY Mellon, integrated Broadridge’s (NYSE: BR) post-trade processing solutions suite for third-party domestic clearing.
In his new role at Broadridge as its de-facto leader, Mr. DiGiacomo will be tasked with fortifying and expanding the company’s operations and technology professional-services capabilities, whilst fostering a growing team capable of delivering core solutions to financial institutions globally.
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Mr. DiGiacomo will be reporting to Arun Sharma, chief operating officer of Broadridge’s Global Technology and Operations business unit. He comes to the company having garnered over two decades of experience in the technology and operations sector, most recently 10 years at JPMorgan in senior executive roles.
According to Charlie Marchesani, president, Global Technology and Operations, Broadridge in a recent statement on the appointment, “As the markets become more complex, and as regulatory burdens grow and the cost of innovation rises, institutions are looking for specialized expertise and intellectual capital to generate operational alpha. Broadridge has been at the heart of countless transformation initiatives in financial services as a leading solution provider, which has given us unique operational and technology insights.
“By expanding our professional services practice we can deliver even more of that valuable knowledge to our clients in order to help them achieve efficiencies and better manage operational risks, compliance and capital. In addition, this growing expertise will reinforce the continued evolution and innovation of our industry leading technology platforms,” he added.