Broadridge Appoints President for Investment Management Business

Broadridge Financial Solutions has appointed Bennett Egeth as president of its newly expanded Investment Management business.
By Janet Du Chenne(59204)
Broadridge Financial Solutions has appointed Bennett Egeth as president of its newly expanded Investment Management business.

Building on Broadridge’s 2011 acquisition of Paladyne Systems, this business offers investment managers, global banks, broker-dealers and fund administrators comprehensive solutions for investment management, reference data and risk technology including enterprise-wide order management, portfolio management and reporting.

As part of Broadridge’s growing commitment to servicing leading hedge funds, asset managers and asset servicing clients, Paladyne Systems, will become part of the Broadridge Investment Management business.

Egeth has a 30-year track record of success growing businesses across diverse financial services institutions.

“Over the last two years, Broadridge has reinforced its commitment to the investment management segment and demonstrated strong growth through the addition of 110 new clients spanning hedge funds, hedge fund administrators and traditional asset management firms,” said Charlie Marchesani, president, Global Technology and Operations Solutions, Broadridge.

“By combining Paladyne’s investment management, reference data and risk management capabilities, Broadridge can serve the broader needs of investment managers and offer risk and reference data solutions to global banks and broker-dealers,” continued Marchesani.

As part of the move to a broader solution set, Broadridge is also expanding the business’s leadership team. In addition to Egeth’s appointment, Lou Longhi joins Broadridge as global head of Investment Management Sales based in New York. Longhi has a successful track record in financial services as a co-founder of SmartStream and most recently as a senior executive at SunGard. In addition, Jonathan Cross will assume the newly-created role of COO of the business. Based in London, Cross has been running Paladyne’s European and Asian businesses for the last four years.

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