Broadridge Financial Solutions has announced that it has expanded its global securities financing and collateral management capabilities through the acquisition of 4sight Financial Software Limited, a leading 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 optimize financing decisions across different asset categories, automate the securities financing lifecycle and control risk.
4sight’s proven solutions and global client footprint complements Broadridge’s strong North American presence in the securities financing market. Through this acquisition, Broadridge now offers banks, broker-dealers, agent lenders, asset managers and other buy-side firms best-in-class global Securities Finance and Collateral Management solutions that include front-to-back office securities lending, repo processing, synthetic financing and enterprise-wide collateral management. Terms of the deal were not disclosed.
Broadridge Securities Financing and Collateral Management offers a holistic approach to support the full securities financing lifecycle, from front-office trading automation to back-office clearance and settlement. Its global multi-asset support delivers an aggregated real-time view of collateral and positions across the enterprise, enabling efficient deployment of assets and greater control of risk, while improving operational efficiency and reducing the cost of disparate systems.
“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.
Broadridge Securities Financing and Collateral Management, including 4sight, complements Broadridge’s recently-announced Global Post Trade Management (GPTM) solution and market leading Managed Services capabilities for business process outsourcing. Broadridge enables front-to-back office operational transformation across asset classes, markets and business entities globally, delivering enhanced financial and risk management and regulatory compliance capabilities.
Quayle Munro Limited acted as 4sight’s financial advisor in this transaction.