NEW YORK, Oct. 26, 2020 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE:BR), a global Fintech leader,
announced that PAG, one of the world's largest Asia-focused investment groups, has
chosen Broadridge as a cloud-based portfolio management
technology provider. The enhancement will support PAG's
capabilities for its private debt operations.
Broadridge will provide PAG with a highly scalable cloud-based
system that will further enhance its capabilities. The Broadridge
Sentry portfolio management solution will help PAG's private debt
team fully integrate middle- and back-office operations into a
single streamlined technology system.
"Private debt in Asia has
provided significant opportunity for firms that can manage the
complexity inherent in these markets. PAG has an established track
record of success, and the support of Broadridge's technology will
help us as we position ourselves for the next phase of growth,"
said Derek Crane, COO at PAG.
"We are delighted that PAG has chosen Broadridge's portfolio
management technology in Asia to
advance its operational efficiencies in private debt," said
Eric Bernstein, president of Asset
Management Solutions at Broadridge. "Investors are demanding robust
growth alongside transparency, and our technology systems can help
clients achieve both needs."
As a leading private debt manager in Asia, PAG provides financing solutions to its
partners across the region. With technology and operations that can
flexibly scale to support ongoing growth, PAG will continue to be
well-positioned to explore future opportunities.
Broadridge continually strengthens its capabilities to meet the
growing technology needs of the private debt and private equity
marketplace. Its acquisition of ClearStructure Financial Technology
expanded its capabilities to improve investment workflow efficiency
for portfolio managers, and its private equity platform leverages
blockchain technology to connect the complex private equity
lifecycle for all market participants.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR), a U.S. $4
billion global Fintech leader, is a leading provider of
investor communications and technology-driven solutions to banks,
broker-dealers, asset and wealth managers and corporate issuers.
Broadridge's infrastructure underpins proxy voting services for
over 50 percent of public companies and mutual funds globally, and
processes on average more than U.S. $8 trillion in fixed income and equity
securities trades per day. Broadridge is part of the S&P 500®
Index and employs over 12,000 associates in 17 countries. For more
information about Broadridge, please visit www.broadridge.com.
About PAG
PAG is one of the world's largest
Asia-focused private investment
firms, with a network of 200 seasoned investment professionals in
nine key offices in Asia and
around the world. With experience across industries and market
cycles, PAG delivers value to investors by seeking out market
leaders and investing to help them reach their full potential. The
firm invests globally with a primary focus on Asia. PAG currently manages US$40 billion in capital on behalf of more than
150 leading institutional investors from Europe, North
America, Asia and the
Middle East. For more information,
visit www.pag.com.
Media Contacts:
Matthew Luongo
Prosek Partners
+1 646.818.9279
mluongo@prosek.com
Linda Namias
Broadridge Financial Solutions
+1 631.254.7711
Linda.Namias@broadridge.com
View original
content:http://www.prnewswire.com/news-releases/pag-chooses-broadridge-to-modernize-portfolio-management-technology-bolster-private-debt-operations-301159997.html
SOURCE Broadridge Financial Solutions, Inc.