Case Study: Global Markets Turmoil achieves rapid asset protection and recovery with Broadridge

Rapid conversion protects assets worth billions amid global market turmoil

Broadridge helped Global Markets Turmoil navigate the collapse of Lehman Brothers during the global financial crisis. Faced with a one-week deadline to separate billions of dollars in client assets before bankruptcy restrictions locked them up, the customer needed a fast, reliable way to continue operations and protect assets. Broadridge’s shared post-trade processing platform provided the flexibility and common data needed to quickly distinguish asset management positions from brokerage holdings.

Broadridge responded around the clock to isolate and convert the relevant accounts, enabling a rapid transfer of brokerage assets and continued trading during bankruptcy. In just three trading days, Broadridge completed a conversion and asset recovery process that could have taken more than a year, helping spare and insulate billions of dollars in assets from bankruptcy and allowing the former asset management unit to keep operating.