Broadridge Financial Revamps Wealth Managed Services with Two Exec Hires

Broadridge Financial Solutions has brought in Liz Pedersen and Traci Mabrey to help steer its wealth managed services team.

Broadridge Financial Solutions, Inc. (NYSE:BR) has appointed Liz Pedersen as its newest Senior Vice President (SVP) of Wealth Managed Services, along with Traci Mabrey as its Head of Wealth Solutions, according to a Broadridge statement.

In her new role as SVP of wealth managed services, Ms. Pedersen will help manage Broadridge’s overall wealth management operations strategy – at the present this comprises support of 24 clients and 150 introducing brokers. She joins Broadridge from UBS having served as its managing director and co-head of the securities services group, part of a lengthy career spanning three decades.

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Alternatively, Ms. Mabrey will administer the group’s wealth solutions strategy and product management for Broadridge’s Global Technology and Operations business. She joins Broadridge from Thomson Reuters having worked as its head of wealth management market development. Prior stops include Pershing and Piper Jaffrey.

According to Charlie Marchesani, President, Global Technology and Operations, in a recent statement on the appointment, “Wealth management is a key strategic priority for Broadridge. These appointments add additional talent to our strong leadership team and demonstrate Broadridge’s commitment to supporting our clients in growing their wealth management business and better serving their customers.”

Earlier this month, Broadridge Financial Solutions reported its financial results for the Q3 its fiscal year ending March 31, 2015. The group yielded fee revenues of $406 million in Q3, jumping 5% YoY from just $387 million during Q3 2014. In addition, total revenues swelled to $634 million during Q3 2015, up 5% YoY from $606 million in Q3 2014.

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