Broadridge Financial Solutions, Inc. (NYSE: BR) has appointed David Runacres as its new President of Asia-Pacific (APAC), effective immediately. Runacres, who will be based in Tokyo, will lead Broadridge's regional operations and serve as Senior Country Officer for Japan, a key market in the company's growth strategy.

Broadridge Names David Runacres as New APAC President

With over 30 years of experience in the APAC region, Runacres joins Broadridge from the London Stock Exchange Group (LSEG), where he spent 12 years as head of Japan. He holds a Bachelor of Applied Sciences in Computing from Monash University in Australia.

The newest appointment comes as Broadridge, a global fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term leader with annual revenues exceeding $6 billion, seeks to strengthen its position in the Asian market.

"His deep understanding of the market, coupled with his ability to navigate complex regulatory environments and experience in leading cross-business initiatives, makes him uniquely positioned to lead Broadridge’s growth initiatives in the region to help our clients operate, innovate, and grow,” said Mike Sleightholme, President of Broadridge International.

Runacres brings a wealth of experience to his new role, having successfully led high-impact projects at LSEG, including the integration of Refinitiv in Japan. Prior to LSEG, he held key sales positions at SunGard Systems and Thomson Financial, working across Hong Kong, Singapore, and Tokyo.

“I aim to strengthen our market position and deliver unparalleled value to our clients,” commented Runacres. “Together, we will build on Broadridge’s strong foundation in APAC as a trusted tech partner to drive the next phase of success helping our clients innovate.”

Broadridge, which serves as a global communications hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term for corporate governance, processes daily trading of more than $10 trillion in securities globally. The company employs over 14,000 associates across 21 countries and is part of the S&P 500 Index.

Broadridge has recently made several other strategic hires. Following last month's announcement of Roz Smith as the new Chief Operating Officer for Broadridge International, the company also welcomed Simona Vitali, formerly the Chief Operating Officer for Europe at Morrow Sodali. Vitali has been tasked with leading the sales operations for Broadridge's newly launched international issuer services.

Recent Developments at Broadridge

In terms of product innovation, Broadridge has been active as well. The fintech firm has introduced a values-based investing tool within its Wealth Aggregation and Insights platform. This new feature is designed to help advisors tailor client portfolios to reflect personal values more accurately.

Additionally, Broadridge has integrated Transaction Network Services (TNS) connectivity into its global Futures and Options (F&O) Software-as-a-Service (SaaS) platform. This enhancement is intended to streamline market data management and mitigate operational risks for clients in the derivatives market.

Earlier in May, the company expanded its capabilities by acquiring AdvisorTarget, a firm recognized for its data products that support asset and wealth management companies. AdvisorTarget's offerings are geared towards improving digital marketing, sales, and engagement strategies directed at financial advisors.