A-Team Insight Blogs

Share article

Broadridge Financial Solutions has completed its acquisition of European fund data specialist FundsLibrary in a bid to boost its pan-European regulatory communications and digital data platform, which supports the lifecycle of fund data, documents, and regulatory reporting for the investment industry.

FundsLibrary’s solutions enable fund managers to increase distribution opportunities and help them comply with regulations such as Solvency II and MiFID II. The business will be combined with FundAssist, Broadridge’s existing European funds regulatory communications business. The combination of FundsLibrary’s data platform and technology with Broadridge’s existing fund calculation, document creation and translation capabilities, will create an end-to-end solution for fund managers and distributors, enabling them to respond to regulatory requirements across multiple jurisdictions.

The combined business will be known as Broadridge Fund Communication Solutions, and will be led by Arun Sarwal, former CEO of FundsLibrary, who previously held roles as Senior Vice President of SS&C Technologies, CEO of DST Investment Management Solutions, COO at Scottish Widows Investment Partnership (SWIP), SVP within ABN AMRO’s Private Clients & Asset Management business and was a Co-Founder of Kurtosys Systems.

“I am delighted to lead this exciting fund data and regulatory communications business for Broadridge as we expand and grow our footprint in international markets,” says Sarwal. “This combined business will enable Broadridge clients to utilize a single provider for the creation and dissemination of fund marketing and regulatory documents so they can increase distribution opportunities and meet the demanding standards of regulation.”

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Upcoming Webinar: How to turn data lineage from a regulatory response into a business advantage

Date: 28 April 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET Regulatory initiatives increasingly require firms to put in place robust data lineage frameworks to aid in understanding the workings behind reported values. But data lineage can add business value beyond regulatory compliance. As they move to automate data lineage processes by incorporating...

BLOG

KRM22 Partners with deltaconX, Raises £1m Through Share Issuance

Risk management specialist KRM22 has partnered with deltaconX, a provider of regulatory reporting services, on a new Software-as-a-Service (SaaS) solution to cover regulatory reporting requirements including EMIR, FinfraG, SFTR, MiFIR and MiFID II, and REMIT. Available through KRM22’s Global Risk Platform, the application simplifies the reporting process through automation and dynamic error handling, “With a...

EVENT

Data Management Summit London

Now in its 9th year, the Data Management Summit (DMS) in London explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...