Broadridge Financial Solutions has expanded its global securities financing and collateral management capabilities through the acquisition of 4sight Financial Software Limited, provider of securities finance and collateral management systems to financial institutions worldwide. 4sight will be integrated as part of Broadridge Securities Financing and Collateral Management solutions, helping clients optimise financing decisions across different asset categories, automate the securities financing lifecycle and control risk.
“The greater demand for collateral driven by the regulatory agenda has raised the need for a global approach to the multi-asset securities financing lifecycle,” said Michael Hopkins, president of Fixed Income, Financing and Risk at Broadridge. “Following the recent expansion of our North American securities lending capabilities through the acquisition of Anetics, this transaction marries 4sight’s proven global capabilities and 13 years of experience in securities financing with Broadridge’s market-leading securities processing solutions, broad global client relationships, and operational expertise to deliver best-of-breed, fully integrated Securities Financing and Collateral Management solutions. We are delighted to welcome the talented 4sight team, who have built an exceptional solution and have deep domain experience in this market,” Hopkins said.
“For decades, Broadridge has been focused on helping companies transform their operating models to gain operational and cost efficiency by providing proven yet innovative, market-leading technology solutions. We are excited to join the Broadridge team and bring our capabilities to Broadridge Securities Financing and Collateral Management solutions,” said Alastair Chisholm, founder of 4sight and VP, general manager at Broadridge. “Through a holistic, global and multi-asset view of collateral and positions integrated across an enterprise, banks, broker-dealers, agent lenders and buy-side institutions can truly manage collateral and optimize financing decisions, while gaining a greater control of risk and improving balance sheet management,” said Chisholm.