Broadridge Financial Solutions, Inc. has appointed Chad Alderson as the General Manager for Global Technology and Operations in Canada.
Alderson, a seasoned professional with a background in financial services, will steer Broadridge's GTO division, contributing to the optimization of global trading technology and operations. He will be in charge of modernizing wealth management and capital market offerings.
His appointment as the General Manager of GTO in Canada marks a pivotal moment for Broadridge. With a career spanning over two decades, including his recent role as the VP at TD Bank, Alderson is experienced in driving change in the financial services sector, the company mentioned in its official statement.
Broadridge Eyes Expansion in Canada
Alderson mentioned: “Canada is a critical market, and Broadridge is a trusted technology partner and innovator with a proven track record of powering and helping transform Canadian financial services organizations.”
“Working alongside Karin, our GTO teams, and our Canadian associates, it is my goal to deliver software and service excellence to our clients as they leverage Broadridge’s solutions to grow their businesses.”
As the Head of Broadridge's Canadian wealth, capital markets, and asset management business activities, Alderson will collaborate with various departments to deliver services to Broadridge's clients. According to the company, his new responsibilities include overseeing the GTO roadmap for strategic growth and introducing next-generation solutions.
Alderson's Previous Leadership Roles
Before joining Broadridge, Alderson served as the Chief Executive Officer and Director at LTI Financial Services Technology where he was responsible for enhancing service lines to meet clients' evolving needs in Canada's banking, financial services, and insurance sectors.
Last year, Broadridge posted strong financial results for the first quarter of the fiscal year 2024, highlighting a surge of 8% in total income, at $871 million, and a remarkable increase of 30% in adjusted earnings per share, reaching $1.09.
The company’s operating income margin improved from 6.8% to 10.4. Investor Communication Solutions recorded an increase of 12% in revenue, while Global Technology and Operations experienced a boost of 11% in recurring revenues.
This success was credited to new business acquisitions and internal growth, particularly in capital markets and wealth and investment management. Additionally, this growth is attributed to organic expansions within the firm's Global Technology and Operations and Investor Communication Solutions segments.
