Broadridge's solution provides comprehensive
global class action coverage, maximizes claims and increases
investor participation in settlement recoveries
NEW
YORK and LONDON and
PARIS, Feb. 19,
2025 /PRNewswire/ -- BNP Paribas' Securities Services
business, a leading global custodian with USD 13.7 trillion under custody, has partnered
with global Fintech leader, Broadridge Financial Solutions,
Inc. (NYSE:BR) to expand its global custody services,
appointing Broadridge as service provider for its global securities
class action services.
"As the Securities Services business of BNP Paribas, we are
committed to delivering innovative and differentiating products and
services to our clients. Broadridge brings advanced technology,
market-leading information security and deep industry expertise
that align with our goals, enhancing our clients' experience and
supporting their business," said Christian
Houillon, Head of Custody Product for Securities Services at
BNP Paribas. "We will be able to harness Broadridge's proprietary
technology to identify, file and recover investment losses,
alongside their extensive industry expertise."
Broadridge provides a comprehensive, proprietary technology
solution for global class action services that will help clients
identify and act on asset recovery opportunities. This includes a
seamless process for identifying, filing, and recovering investment
losses, backed by Broadridge's industry expertise.
"As the volume of securities class actions continues to rise,
it's crucial for the clients of BNP Paribas' Securities Services
business and other global financial institutions to leverage all
available asset recovery opportunities," said Steve Cirami, Vice President, Head of Corporate
Actions & Class Actions at Broadridge. "Broadridge's solutions
will enable the clients of BNP Paribas' Securities Services
business to obtain all required information to support their
decisions on claim recoveries, facilitate investor participation in
settlements and support key business functions, delivering a
seamless and impactful client
experience."
Investors have more recovery opportunities than ever before as
the class action landscape continues to expand globally with more
than 35 jurisdictions around the world adopting collective redress
mechanisms for shareholders. In 2024 alone, there were more than
125 recovery opportunities and $5.2
billion in settlements. The ability to monitor all
opportunities globally requires leading edge technology and
expertise, particularly in jurisdictions where considerations of
litigation can be complex to navigate.
Broadridge's dedicated global class action services team
comprises deeply knowledgeable and experienced securities
litigators, claims administrators, claims auditors and data
specialists, equipped to provide clients with unmatched end-to-end
services, portfolio monitoring and claims filing and registering
processes in global jurisdictions. Learn more about the team
here.
About Broadridge
Broadridge Financial Solutions (NYSE:
BR), is a global technology leader with the trusted expertise and
transformative technology to help clients and the financial
services industry operate, innovate, and grow. We power investing,
governance, and communications for our clients – driving
operational resiliency, elevating business performance, and
transforming investor experiences.
Our technology and operations platforms underpin the daily
trading of more than $10 trillion of
equities, fixed income and other securities globally. A certified
Great Place to Work®, Broadridge is part of the S&P 500® Index,
employing over 14,000 associates in 21 countries. For more
information about us, please visit www.broadridge.com.
About Securities Services at BNP Paribas
(securities.cib.bnpparibas)
BNP Paribas' Securities
Services business is a leading global custodian providing
multi-asset post-trade and asset servicing solutions to buy-side
and sell-side market participants, corporates and issuers. With a
global reach covering 90+ markets, its custody network is one of
the most extensive in the industry, enabling clients to maximise
their investment opportunities worldwide. As a pillar of BNP
Paribas' diversified banking model, Securities Services provides
asset servicing solutions that are closely integrated with the
first-class services of the Group's other business lines, in
particular those of Global Banking and Global Markets.
As of 31 December 2024, Securities
Services had USD 13.7 trillion in
assets under custody and USD 2.8
trillion in assets under administration.
Media Contact:
Tatjana
Kulkarni
Tatjana.Kulkarni@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.
