Case Study: Global Banking and Financial Services Company achieves 30% lower operating costs with Broadridge

Transforming operations to support a new business focus

Global Banking and Financial Services Company turned to Broadridge when a shift in its business model forced it to reduce costs and refocus on its core primary dealer business. Faced with rising regulatory costs, aging in-house technology, and unsustainable office and staffing expenses, the company needed a partner to help streamline operations and prepare for growth.

Broadridge helped the company migrate from proprietary technology to its platform and then outsourced core operations through Broadridge Financial Services Business Process Outsourcing, covering settlements, tri-party and funding, options processing, operations control, new accounts, data management, and asset servicing. Broadridge’s mutualized model reduced operating costs by 30%, saved the firm millions, enabled ROI within the first year, and supported a smooth transition that reallocated more than 20 staff positions while setting the firm up for future expansion.