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Broadridge Acquires ClearStructure to Enhance Private Debt Markets Solutions

Broadridge Financial Solutions has acquired ClearStructure Financial Technology, a global provider of portfolio management solutions for the private debt markets to create a differentiated solution in the market and enable Broadridge to serve new clients.

Eric Bernstein, head of asset management solutions at Broadridge, said: “ClearStructure’s component services enhance our existing multi-asset class, front-to-back office solution, providing our clients with a unique capability to access the public and private markets. This acquisition aligns to Broadridge’s strategy of providing a true cross-asset platform to enable asset management clients to have a single view into their entire book of business.”

Scott Turley, Chief Executive Officer at ClearStructure, commented: “We’re delighted to join Broadridge and to offer expanded portfolio management technology to create optimum investment workflow efficiency for portfolio managers, investment analysts, risk professionals, and operations teams.”

ClearStructure’s private debt capabilities are expected to help Broadridge serve its wide array of clients, including hedge funds, traditional asset managers and fund administrators with a complete front-to-back, multi-asset class solution that simplifies and improves firm trading and operations. Broadridge’s SaaS powers more than 550 market participants who search for alpha and differentiation.

In 2019, Broadridge made all kinds of changes and additions to its portfolio of solutions. The firm launched a service to address the European Securities Financing Transactions Regulation (SFTR), effective in Q2 2020, which regulates shadow banking and increases transparency in the securities finance markets.

In May, Broadridge acquired Rockall, a market-leading provider of securities-based lending (SBL) and collateral management solutions for wealth management firms and commercial banks, but terms of the transaction were not disclosed.

In September, Paris-based asset Management Company SILEX Investment Managers has chosen Broadridge Financial Solution’s integrated order management, portfolio management and risk management technology platform in order to meet its pre- and post-trade compliance requirements while providing seamless connectivity to brokers and execution platforms.

The company also launched a new app on Android and iPhone for individual investors that allows them to vote and equips them with new tools and educational resources designed to drive more meaningful engagement from social media to government elections. The Investor Voting App, which builds on the firm’s mobile voting feature launched in 2011, allows investors to vote directly and receive important regulatory and educational information relating to  corporate direction.