New York | 05 February 2016
Broadridge has acquired Massachusetts-based tech firm Anetics, adding to its arsenal of securities finance tools.
The new relationship advances Broadridge’s strategy to expand its securities finance suite of offerings, according to the tech solutions provider, which already includes FinancePro.
Jerry Friedhoff, managing director of securities finance and collateral management at Broadridge, commented: “The Anetics solution is an advanced securities lending tool that will allow us to provide additional capabilities across different asset classes to this important market. We are excited to have Rob Sammons and his talented team as a part of Broadridge.”
Rob Sammons, senior director of securities finance at Broadridge and former CEO of Anetics, added: “Broadridge’s global presence, financial strength and expertise at delivering technology solutions to capital markets firms will enable new service opportunities.”
“We find the Broadridge culture to be consistent with our own and expect this to be beneficial to our existing customers.”
Author: Mark Dugdale