Broadridge Financial Solutions, Inc. (NYSE:BR) has ranked “Best-of-Breed” in the 2015 Chartis RiskTech Quadrant® for Sell-Side Risk Management Technology Report. Broadridge provides investor communications and technology-driven solutions to the financial services industry, including global risk technology solutions for hedge funds, banks, securities firms and asset managers.
The Chartis RiskTech Quadrant® for Sell-Side Risk Management Technology Report focuses on aspects of risk management relevant to the capital markets trading concerns of the sell-side, particularly in light of recent developments in the enterprise risk management space.
“Risk management has always been crucial to our clients, but it is clearly becoming even more of a focus for them. Our clients and their risk management needs are very diverse, and by offering a broad set of tools we can more effectively provide solutions to meet their varied needs,” said Bennett Egeth, president of Broadridge Investment Management Solutions. “We help them integrate risk management into their workflow, bring together assets and activity from diverse platforms, and manage the data to drive their risk infrastructure.”
Broadridge’s solutions cover a range of risk management areas across asset classes and geographies, including portfolio, market, credit and counterparty risk. The firm now offers three risk solutions to support different usage and levels of sophistication. Portfolio Risk is integrated with Broadridge’s Order Management and Portfolio Management Solutions and is a comprehensive, real-time and fully-integrated offering for traders, investment managers and risk managers.
Risk Master is an on-demand risk reporting solution designed to serve large asset managers and service providers across the buy- and sell-side. Broadridge’s newest solution, Risk Lite, targets emerging hedge funds and asset managers with relatively simplified risk requirements, and features a clear upgrade path as their business requirements grow.
All of Broadridge’s risk solutions sit on top of reference data and risk aggregation offerings that greatly reduce risk exposure due to bad data while providing extensive asset class and risk analytics coverage.
Earlier this year, Broadridge ranked 48th in the Chartis RiskTech100®, a comprehensive and globally-recognized study of the top 100 risk technology vendors.
“Financial services firms have taken steps to rethink and redesign their risk management processes and technology in the post-crisis era, but expanding demands from regulators, boards and clients have indicated that this work is just beginning,” said Peyman Mestchian, managing partner at Chartis. “Broadridge provides credit and market risk solutions that enable financial institutions to meet the changing regulatory landscape and give management the tools to take more control of their risk exposure in real time."