FinTech systems and services vendor Broadridge Financial Solutions is expanding its professional services practice, which focuses on regulatory, operational and business transformation challenges, and has hired Erik DiGiacomo to lead the practice, officials say.
In his new role as head of Broadridge’s professional services practice, DiGiacomo will expand the practice, “leveraging a growing team and the company’s decades of insight and experience to deliver core solutions to financial institutions globally,” according to a company statement. He will report to Arun Sharma, chief operating officer of Broadridge’s global technology and operations business unit.
Broadridge’s professional services practice offers transformation planning, cost optimization, risk and compliance consulting, and application development and integration services, officials say. The practice “will leverage solutions from Broadridge in an open architecture environment,” the statement says.
Broadridge anticipates strong business opportunities ahead, officials say. According to a survey conducted by The Economist Intelligence Unit and sponsored by Broadridge late last year, 77 percent of financial institutions globally are altering their business models as a result of recent changes in regulation and market structure.
“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,” says Charlie Marchesani, president, global technology and operations at Broadridge, in a prepared statement.
“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 and capital,” he adds.
Need a Reprint?
Leave a Reply