Broadridge Financial Solutions (NYSE:BR) today announced that it has upgraded its data centre and office infrastructure for its international securities processing solutions operation in Switzerland, to meet the demands of its growing business and ensure the highest levels of service to its users.
The upgrade to Broadridge's data centre demonstrates the company's commitment to meet best-practice security requirements and to remain in line with Swiss regulations, while supporting a growing customer base and solution set. It has also redesigned its office structure to accommodate increases in its client support and development groups.
Broadridge's securities processing solutions business in Switzerland, established in 1973, serves a wide range of banks, securities dealers and wealth managers both in Switzerland and overseas. Its principal offering in Switzerland is Broadridge's Private Banking Solution, an ASP outsourcing solution for private banking and asset management operations which provides comprehensive coverage of front- and back-office operational and reporting requirements.
In recent years, Broadridge has extended its Private Banking Solution to support its customers' private banking operations outside of Switzerland, including the UK and the Channel Islands. In 2009 it formed an alliance with DeltaConcept to offer Broadridge clients enhanced portfolio management functionality through the use of Equalizer, DeltaConcept's front-office portfolio management software service. Equalizer is fully integrated with Broadridge's Private Banking Solution, hosted by Broadridge's Swiss data centre and available on an ASP basis.
Also in Switzerland, Broadridge offers an international SWIFT Bureau, and FITAS, a tax solution which now services banks in several European countries including Switzerland, for their German private client tax reporting requirements.
Andreas G&252nther, the newly appointed Head of Continental Europe for Broadridge's international securities processing solutions business, said: "This upgrade demonstrates our commitment to invest in our Swiss operation, and support our clients and associates by providing a state-of-the-art infrastructure. This follows a similar upgrade to our German operation in 2009, which has enabled us to deliver tangible benefits to our clients and further extend our services in support of our growing business in Europe."