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Strategic Alliance For Swiss, US Firms Aims At Private Banks

Wendy Spires

26 August 2009

Broadridge Financial Solutions, the US technology outsourcing firm, has formed a Switzerland-based strategic alliance with Genevan software provider DeltaConcept to offer front-to-back integrated systems for private banks.

As a result of the alliance, Equalizer, DeltaConcept’s front office portfolio management software system is hosted by Broadridge’s Swiss data centre and is available on an application service provider basis. The deal enhances the client relationship management and advisory capabilities of Broadridge’s STB2 private banking ASP service through the addition of comprehensive portfolio management, including performance analysis and valuations, portfolio modelling, rebalancing, decision support and analysis, the firms said.

"We are committed to providing our customers and prospects with services and solutions that are complementary, fully integrated, and operational. Our clients benefit from the ability to outsource a more comprehensive range of their processing requirements through a single supplier," said Manuel Gonzalez, managing director, Broadridge, Switzerland.

Earlier this year Broadridge extended its international services to include Japanese equities, convertible bonds and subscription rights processed by on-shore Japanese broker-dealer operations. Full processing is now provided for matching and settlement through Jasdec, the Japan Securities Depository Centre, with relevant Japanese regulatory and legal reports.

Headquartered in New York state, Broadridge’s international market presence spans regional and local centres across the Americas, Europe, Asia and Australia.