Broadridge Financial Solutions, Inc. (NYSE: BR) today announced the appointment of Salvatore Sodano who joins the company in a newly-created role of vice chairman. In addition, Stephen Scruton has been promoted to president of Advisor Solutions, a business unit at Broadridge.
The latest appointments come just a day after Finance Magnates reported that W. Edings Thibault joined Broadridge as Vice President and Head of Investor Relations.
Sodano’s role will be to lead Broadridge Advisor Solutions, integrate core wealth management assets and set standards of operational and service excellence for the company’s clients.
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Before joining Broadridge, Sodano was chairman and CEO of the American Stock Exchange and COO and vice chairman of the National Association of Securities Dealers. Sodano will continue as an independent director and vice chairman of the board at Associated Capital Group as well as vice chairman of the board at Gabelli Securities, Inc.
Scruton will oversee revenue and product management activities and ensure that advisor solution offerings are leveraged to drive integrated growth.
He was previously a vice president and general manager at Broadridge as well as a founder of Direxxis, acquired by Broadridge in March 2015, and Marketing Information & Technology which was subsequently acquired by Lexis Nexis. He has held senior marketing roles and sales positions at Trans Union and board positions at leading analytic and data organisations.
Robert Schifellite, Broadridge corporate senior vice president and president, Investor Communication Solutions said: “These two appointments underscore Broadridge’s commitment to help clients grow assets under management, increase revenue and operate efficiently. Sal and Steve have decades of financial services experience, leadership and expertise. They will play key roles in leading our growth strategy, expanding client relationships and broadening product offerings”.