Broadridge Financial Launches Operations Practice Headed by Erik DiGiacomo

Broadridge Financial Solutions Inc. is expanding its professional services practice within the company’s Global Technology and Operations business division in a bid to help financial institutions steer through regulatory and operational challenges - Erik DiGiacomo has been appointed as the practice’s leader.

Earlier this month, Pershing Securities Australia Ltd., part of BNY Mellon, integrated Broadridge’s (NYSE: BR) post-trade processing solutions suite for third-party domestic Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term.

In his new role at Broadridge as its de-facto leader, Mr. DiGiacomo will be tasked with fortifying and expanding the company’s operations and technology professional-services capabilities, whilst fostering a growing team capable of delivering core solutions to financial institutions globally.

Mr. DiGiacomo will be reporting to Arun Sharma, chief operating officer of Broadridge’s Global Technology and Operations business unit. He comes to the company having garnered over two decades of experience in the technology and operations sector, most recently 10 years at JPMorgan in senior executive roles.

According to Charlie Marchesani, president, Global Technology and Operations, Broadridge in a recent statement on the appointment, “As the markets become more complex, and as regulatory burdens grow and the cost of innovation rises, institutions are looking for specialized expertise and intellectual capital to generate operational alpha. Broadridge has been at the heart of countless transformation initiatives in financial services as a leading solution provider, which has given us unique operational and technology insights.

“By expanding our professional services practice we can deliver even more of that valuable knowledge to our clients in order to help them achieve efficiencies and better manage operational risks, Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term and capital. In addition, this growing expertise will reinforce the continued evolution and innovation of our industry leading technology platforms,” he added.