Michael Alexander, Head of North American Wealth and Capital Markets Solutions for Broadridge

Broadridge Financial Solutions has acquired Rockall, securities-based lending(SBL) and collateral management solutions provider, to expand the former’s core front-to-back office wealth capabilities and help its clients by optimizing their lending and financing needs. It also aims to provide SBL solutions coupled with collateral management technology solutions.

“The acquisition of Rockall is the most recent example of Broadridge growing our wealth franchise by expanding our core wealth offering for clients,” said Michael Alexander, head of North American Wealth and Capital Markets Solutions for Broadridge. “Securities-based lending and collateral management are key industry areas in need of innovation, and we look forward to leveraging next-generation technology to provide proven solutions to clients while mutualizing key front-, middle- and back-office functions.”

Established in 1999 in Dublin, Rockall provides two key offerings including their cloud-based wealth lending solution FASTNET and an enterprise banking collateral management solution COLLATE.

“We are excited to have our innovative SBL and collateral management technology solutions be a part of Broadridge’s wealth management offerings, serving an even greater number of clients,” said Richard Bryce, CEO of Rockall. “Broadridge is a leader in the wealth management industry and its size and scale accelerates our ability to meet the increasing demand from advisors and investors.”

Founded in 2007, Broadridge Financial Solutions is a provider of investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers globally.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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