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Carey to replace Lake as head of Broadridge securities processing business

01 July 2009  |  1734 views  |  0 Source: Broadridge Financial Solutions

Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the appointment of Tom Carey as President of its international securities processing solutions business. He will report directly to John Hogan, President and Chief Operating Officer of Broadridge Financial Solutions, Inc.

In his new role, Mr Carey will be responsible for all aspects of Broadridge's international securities processing business which includes the leading international securities processing solution, Gloss, with its local market solutions for the UK, Japan and Hong Kong, as well as its international SWIFT interface. Other products and services include the UK private client solution, Tarot; the Switzerland-based private banking solution, STB2; the Australian domestic securities platform, SUMMIT; an international SWIFT bureau and various market-specific services such as the FITAS German tax solution. The international business maintains local offices in London, New York, Frankfurt, Geneva, Prague, Tokyo, Hong Kong, Sydney and Hyderabad.

In addition to his new appointment, Mr Carey will also continue to have overall responsibility for Ridge Clearing & Outsourcing Solutions Limited, Broadridge's clearing and outsourcing services business for the UK.

Mr Carey's career at Broadridge, formerly the Brokerage Services Group of Automatic Data Processing, Inc., has spanned 18 years. Most recently he established Broadridge's clearing and outsourcing operations in the UK, Ridge Clearing & Outsourcing Solutions Limited. Prior to that he held the position of Chief Operating Officer for Securities Processing Solutions, International, Broadridge, for four years, a role in which his responsibilities included strategy, business development, product direction and internal planning. Before that, he held management positions with responsibility for international development and technology.

"The international markets are very important to the strategic growth plans of Broadridge," said John Hogan, President and Chief Operating Officer, Broadridge Financial Solutions, Inc. "Tom has consistently demonstrated the leadership and client-centric qualities that will enable us to grow our business internationally, and I wish him every success."

Mr Carey replaces Elizabeth Lake, who plans plans to continue her various advisory roles within the financial services industry and will work with Broadridge in this capacity as well.

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