SINGAPORE, July 18,
2024 /PRNewswire/ -- To transform and expand their
prime brokerage business lines and as part of its broader efforts
to add and enhance value for its clientele, AmInvestment Bank, a
company in the Ambank Group and one of the largest banking groups
in Malaysia, has deployed global
Fintech leader Broadridge Financial Solutions, Inc.'s (NYSE: BR)
Securities Finance and Collateral Management platform to enable
their Securities Borrowing and Lending product offerings. This
single platform allows AmInvestment Bank to simplify and innovate
trading, manage collateral, and handle trade lifecycle events while
integrating seamlessly with their existing systems.
"An increasingly sophisticated and volatile market has made
securities finance an important focus of our growing prime
brokerage business," said Ms. Tracy Chen
Wee Keng, Chief Executive Officer of AmInvestment Bank.
"Broadridge's solution has a strong track record for delivering
industry-leading systems, which will deliver a better experience
for our customers. Additionally, we are now able to manage the
operational aspects of securities lending more effectively, within
a controlled and scalable environment, setting us up for robust
future growth and adaptability to evolving market dynamics."
"We are thrilled to enable AmInvestment Bank to expand their
securities finance capabilities in the APAC region," said
Darren Crowther, Head of Securities
Finance and Collateral Management Solutions at Broadridge. "The
financial landscape is rapidly evolving, and our Securities
Financing and Collateral Management platform is designed to help
forward-thinking institutions like AmInvestment Bank stay ahead in
the market. This implementation is particularly significant as it
addresses the growing need for sophisticated financial solutions
amidst the opening of emerging markets and evolving stock lending
agreements."
Broadridge simplifies and innovates trading across a complex
ecosystem through global, scalable solutions. The Securities
Financing and Collateral Management platform is a functionally
rich, front-to-back SaaS solution for securities finance, used
widely across the global buy- and sell-side securities lending,
repo, and collateral trading markets. This innovative solution
gives firms the ability to improve their existing securities
finance businesses and expand into new global markets and
opportunities, with a core foundation that is fully scalable for
business growth.
About AmInvestment Bank
AmInvestment Bank, the
investment banking arm of the AmBank Group, offers a comprehensive
range of investment services, products, and solutions tailored to
meet the diverse needs of our corporate, retail, and institutional
clients. Our offerings include corporate finance and mergers and
acquisitions advisory, equity capital markets fundraising, debt and
Sukuk capital markets services, and stockbroking. We also provide
fund management services through our private banking department and
our fund management arm, AmInvest, the brand name used by our
subsidiaries, AmFunds Management Berhad and AmIslamic Funds
Management Berhad. AmInvestment Bank is dedicated to delivering
superior investment performance and innovative financial products
and services.
About Broadridge
Broadridge Financial Solutions (NYSE:
BR), a global Fintech leader with more than $6 billion in revenues, provides the critical
infrastructure that powers investing, corporate governance and
communications to enable better financial lives. We deliver
technology-driven solutions that drive business transformation for
banks, broker-dealers, asset and wealth managers, and public
companies. Broadridge's infrastructure serves as a global
communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. Our
technology and operations platforms underpin the daily trading of
more than U.S. $10 trillion of
equities, fixed income and other securities globally. A certified
Great Place to Work®, Broadridge is part of the S&P
500® Index, employing over 14,000 associates in 21
countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
AmInvestment Bank Contacts:
Investors:
Ong Chin
Liang
Head of Equity Markets
ong-chin-liang@ambankgroup.com
Wong Annie
Head of Prime Brokerage
Prime-Brokerage@ambankgroup.com
Broadridge Contacts:
Investors:
Edings Thibault
Head of
Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.