Broadridge Financial Solutions, Inc. (NYSE:BR) has completed its latest acquisition, this time looking to fortify its collateral management solutions via the integration of 4sight Financial Software Limited, a provider of securities finance, according to a Broadridge statement.
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The new acquisition will see the assimilation of 4sight into Broadridge’s existing financing and collateral management solutions (CMS), thereby helping clients leverage their respective financing decisions across multiple asset categories. The new capabilities garnered from the acquisition will be important for clients as it will aim to automate and streamline the overall securities financing lifecycle and control risk, strengthening risk management.
4sight’s solutions suite also complements Broadridge’s overall securities financing market, which will cater to clients ranging from banks and broker-dealers to asset managers and various buy-side firms. Despite the announced acquisition, terms of the transaction were not presently disclosed.
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“We are excited to join the Broadridge team and bring our capabilities to Broadridge Securities Financing and Collateral Management solutions. Through a holistic, global and multi-asset view of collateral and positions integrated across an enterprise, banks, broker-dealers, agent lenders and buy-side institutions can truly manage collateral and optimize financing decisions, while gaining a greater control of risk and improving balance sheet management,” said Alastair Chisholm, founder of 4sight and Vice President (VP), General Manager at Broadridge, in an accompanying statement.
According to Michael Hopkins, Broadridge’s President of Fixed Income, Financing and Risk in a recent statement on the acquisition: “The greater demand for collateral driven by the regulatory agenda has raised the need for a global approach to the multi-asset securities financing lifecycle.”
“Following the recent expansion of our North American securities lending capabilities through the acquisition of Anetics, this transaction marries 4sight’s proven global capabilities and 13 years of experience in securities financing with Broadridge’s market-leading securities processing solutions, broad global client relationships, and operational expertise to deliver best-of-breed, fully integrated Securities Financing and Collateral Management solutions,” he added.
The deal was the first at Broadridge this month and the latest in a string of M&A moves at the venue extending back to last year. Last month, Broadridge acquired Dojima LLC in a stroke to help augment its exchange-traded derivatives capabilities and enhance its Global Post Trade Management (GPTM) solution.