Broadridge Helps SILEX Manage Front, Middle, Back-Office Investment Operations

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Broadridge

Broadridge Helps SILEX Manage Front, Middle, Back-Office Investment Operations

September 19, 2019
SILEX
SILEX

SILEX Investment Managers, a Paris-based asset management company, has chosen Broadridge Financial Solution’s integrated order management, portfolio management and risk management technology platform to help the company manage its front-, middle- and back-office investment operations.

Broadridge’s solutions will help SILEX meet its pre- and post-trade compliance requirements while providing seamless connectivity to brokers and execution platforms, and will also facilitate effective
portfolio management as well as reporting for clients. Additionally, the France-based financial services firm will be able to conduct full market-risk analysis through the integrated Value at Risk (VAR) and stress-testing capabilities offered by Broadridge’s solution.

Fabrice Rey, general manager at SILEX Investment Managers, said: “After conducting an extensive selection process to determine the right solution to facilitate order management, portfolio management and risk management in a single platform for our business Broadridge’s investment operations platform was the clear choice from a functionality, reporting and technology perspective. This technology platform will also significantly reduce operational risk and increase
cost-efficiency across our asset management business.”

Eric Bernstein, head of Broadridge’s asset management solutions, commented: “As we expand our asset management footprint into the French market, we are pleased that SILEX has chosen Broadridge to deliver a world-class and scalable investment management platform. Broadridge’s
success in serving asset managers in Europe comes from more than just a strong world-class technology offering — it is also due to our established local hosting and support model, and the ease with which the service can scale up as our clients grow. This is a powerful differentiator for us and a winning combination for our clients.”

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.

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.

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