The global Fintech leader and part of the S&P 500 Index, has appointed Manuel Baptista as Managing Director and Head of Sales. Broadridge signed the largest retail credit union in the US with over $97 billion in assets, Navy Federal Credit Union, to deploy its Mortgage-Backed Securities (MBS) Expert SaaS platform.
Broadridge Appoints Manuel Baptista
The role of Managing Director and Head of Sales at Broadridge Financial Solutions will be based in Brussels, Belgium. Baptista will lead a global sales team focussing on expanding Broadridge’s Investor Communication Solutions (ICS) suite of services. The team is responsible for helping issuers, asset servicing providers, and institutional investors navigate regulatory and market change such as the amended EU Shareholder Rights Directive, and national codes for corporate governance and investor stewardship.
Manuel Baptista joined Broadridge from Institutional Shareholder Services (ISS), where he was head of the GPD business, Associate Director of Sales, and Head of the Brussels office. Among other tasks, he was responsible for sales to Custodian Banks and other intermediaries.
Navy Federal Goes Live With Broadridge’s fixed income MBS Expert SaaS platform
The MBS processing solution provides advanced functional capabilities to support front, middle and back office operations. and is capable of integrating with a client’s existing electronic trading platform and front and back office infrastructure. Already used by 30+ firms including the largest Fixed Income Clearing Corporation (FICC) clearing members and asset managers, the MBS solutions has now gone live at Navy Federal’s infrastructure.
William Tabri, Manager of Capital Markets at Navy Federal Credit Union, commented:
“MBS Expert was the right choice to support our expanding business needs, and we have transacted over $2 billion worth of MBS trading leveraging MBS Expert. Navy Federal is now a full-clearing member of the FICC’s MBS Division, availing us of the entire range of MBS related services. Aside from leveraging the new relationships with other FICC member firms, we will benefit from decreased counterparty risk and a centralized margining process through the FICC.”
Vijay Mayadas, president of Global Fixed Income, Broadridge, said:
“Broadridge is excited to support our clients as they continue to expand and grow their business, and we are delighted that Navy Federal has chosen to use MBS Expert to manage its mortgage-backed processing. Our MBS Expert SaaS offering is another example of Broadridge leveraging leading technology-driven solutions that set the standard in capital markets to help clients get ahead of today’s challenges. Broadridge’s delivery of MBS Expert minimizes the time to market and expense typically associated with implementing MBS processing solutions, enabling Navy Federal to maximize its return on investment and better focus operating and staffing resources on core business functions.”