Latest news with #Broadridge
Finextra
7 days ago
- Business
- Finextra
Broadridge appoints Munish Gautam from JPMorgan as global head of trading platforms
Munish Gautam has joined Broadridge Financial Solutions, as Global Head of Trading Platforms - Product Management within Broadridge Trading & Connectivity Solutions (BTCS) business, strengthening its commitment to deliver trusted and transformative front office technology to capital markets clients worldwide. 0 Gautam brings extensive global expertise in trading platforms and product management. He will lead the continued integration of Broadridge's market-leading product suite and spearhead the development of advanced multi-asset trading capabilities. Based in London, Gautam will report to Brian Pomraning, Chief Product Officer, Broadridge Trading & Connectivity Solutions. 'Munish has a proven track record developing and managing comprehensive trading solutions at a global scale, and we are delighted to welcome him to the team,' said Brian Pomraning. 'His extensive experience in building high-performance trading systems coupled with a deep understanding of global market structure and regulatory environments will be instrumental as we continue to evolve our solutions to deliver transformative innovation to our clients.' With over 15 years at J.P. Morgan, Gautam most recently served as Executive Director and Cash Equities Product Lead for global equities trading platforms, where he led major transformation initiatives encompassing client onboarding, execution, regulatory, market structure, risk management and front-to-back platform integration. 'I'm excited to join Broadridge at such a pivotal moment for the global markets,' said Gautam. 'Clients today need trading platforms that not only deliver low-latency cross-channel execution and adaptability but also respond to ongoing regulatory and structural changes. I look forward to building on Broadridge's collaborative, innovation-driven culture to deliver an agile, resilient and data-powered trading ecosystem that keeps our clients ahead of the curve.' This appointment underscores Broadridge's commitment to being the leading provider of front office trading solutions to capital markets firms globally and follows the recent hires of Ken MacHarg, Brian Pomraning, Anand Chintala, Ian Williams, Yewande Sobola and Tom Gallo.
Yahoo
17-07-2025
- Business
- Yahoo
What to Expect From Broadridge Financial's Next Quarterly Earnings Report
Lake Success, New York-based Broadridge Financial Solutions, Inc. (BR) provides investor communications and technology-driven solutions for the financial services industry. With a market cap of $27.5 billion, the company classifies its operations into two reportable segments: Investor Communication Solutions and Global Technology and Operations. BR is poised to report its fiscal 2025 Q4 earnings on Tuesday, August 5. Ahead of this event, analysts expect the company to report a profit of $3.51 per share, up marginally from $3.50 per share in the year-ago quarter. The company has surpassed or matched the Street's bottom-line projections in each of the past four quarters, which is impressive. More News from Barchart Dear Google Stock Fans, Mark Your Calendars for July 23 Dear UnitedHealth Stock Fans, Mark Your Calendars for July 29 Peter Thiel Is Betting Big on This Ethereum Treasury Stock. Should You Buy Shares Now? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2025, analysts expect BR to report a profit of $8.51, up 10.1% from $7.73 in fiscal 2024. Furthermore, its EPS is expected to grow 8.9% year over year to $9.27 in fiscal 2026. BR stock has grown 12% over the past 52 weeks, surpassing the Technology Select Sector SPDR Fund's (XLK) 10.8% surge and the S&P 500 Index's ($SPX) 10.5% uptick during the same time frame. On May 1, BR shares closed down by 5.9% following the release of its Q3 results. The technology outsourcing company posted revenue of $1.81 billion in the period, falling short of Street forecasts. Additionally, its adjusted EPS for the quarter amounted to $2.44, surpassing the consensus estimates by 2.1%. Wall Street analysts are skeptical about BR's stock, with a "Hold" rating overall. Among eight analysts covering the stock, three suggest a 'Moderate Buy' and five recommend a 'Hold.' BR's average analyst price target of $251.86 indicates a potential upside of 7.2% from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
15-07-2025
- Business
- Finextra
Broadridge appoints global head of custom policy
Global Fintech leader, Broadridge Financial Solutions, Inc., (NYSE: BR), today announced the appointment of industry veteran Lucas Swertloff as Global Head of Custom Policy. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The appointment underscores Broadridge's new investments in innovating in the Institutional Governance space, focused on custom voting policies and AI-driven data and analytics for Asset Managers, Asset Owners and Wealth Managers. In this newly created role, Swertloff will lead the creation and execution of custom proxy voting policies, oversee a team of research subject matter experts to provide unbiased data and analytics, and support go-to-market and client engagement strategies tied to Broadridge's next-generation ProxyEdge platform. 'We are thrilled to welcome Lucas to Broadridge, his deep expertise in policy development and client engagement will enhance our efforts in further democratizing the investor experience,' said Swatika Rajaram, President, Bank and Broker-Dealer Solutions. 'His strong understanding of institutional investors' needs for greater transparency, accurate data and analytics, and efficient workflows, makes him the ideal leader for this role. His appointment strengthens our mission to deliver flexible, independent, data-driven proxy solutions that help clients navigate today's complex governance landscape with confidence.' With more than a decade of experience in institutional voting, policy design and client services, Swertloff has a proven track record of building scalable, investor-focused solutions. Swertloff joins Broadridge from Glass Lewis & Co., where he held a range of leadership roles over 12 years, most recently serving as Director of Client Policy. Swertloff will be based in New York. He started his role at Broadridge on July 7th, 2025.
Yahoo
10-07-2025
- Business
- Yahoo
Toro Corp. Commences Self Tender Offer to Purchase up to 4,500,000 Shares
LIMASSOL, Cyprus, July 10, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) ('Toro', or the 'Company'), a global energy transportation services provider, today announced that it is commencing a tender offer to purchase up to 4,500,000 shares, using funds available from cash and cash equivalents on hand at a price of $2.75 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on August 7, 2025, unless extended or withdrawn. The Board of Directors determined that it is in the Company's best interest to repurchase shares at this time given the Company's cash position and stock price. The tender offer is not conditioned upon any minimum number of shares being tendered. Specific instructions and an explanation of the terms and conditions of the tender offer are contained in the Offer to Purchase and related materials that are being mailed to shareholders. Toro has retained Broadridge Corporate Issuer Solutions LLC as the depositary for the tender offer and Georgeson LLC as the information agent. Copies of the Offer to Purchase, the related Letter of Transmittal and the Notice of Guaranteed Delivery are being mailed to the Company's shareholders. Additional copies of the Offer to Purchase, the related Letter of Transmittal or the Notice of Guaranteed Delivery may be obtained at the Company's expense from the information agent at (855) 733-5180 (toll free). Questions regarding the tender offer should be directed to the information agent at (855) 733-5180 (toll free). Parties outside the U.S. can reach the information agent at +1 478-207-6120. Certain Information Regarding the Tender Offer The information in this press release describing Toro's tender offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of Toro's common stock in the tender offer. The tender offer is being made only pursuant to the Offer to Purchase and the related materials that Toro is distributing to its shareholders, as they may be amended or supplemented. Shareholders should read such Offer to Purchase and related materials carefully and in their entirety because they contain important information, including the various terms and conditions of the tender offer. Shareholders of Toro may obtain a free copy of the Tender Offer Statement on Schedule TO, the Offer to Purchase and other documents that Toro is filing with the Securities and Exchange Commission from the Securities and Exchange Commission's website at Shareholders may also obtain a copy of these documents, without charge, from the information agent for the tender offer, toll free at (855) 733-5180. Shareholders are urged to carefully read all of these materials prior to making any decision with respect to the tender offer. Shareholders and investors who have questions or need assistance may call the information agent for the tender offer, toll free at (855) 733-5180. Parties outside the U.S. can reach the information agent at +1 478-207-6120. About Toro Corp. Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels. The Company's fleet comprises four LPG carriers, including M/T Dream Syrax that the company agreed to sell on July 10, 2025, and one MR tanker acquisition agreement for which was announced on June 11, 2025, that transport petrochemical gases and refined petroleum products worldwide. Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol 'TORO'. For more information, please visit the Company's website at Information on our website does not constitute a part of this press release. Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We are including this cautionary statement in connection with this safe harbor legislation. The words 'believe', 'anticipate', 'intend', 'estimate', 'forecast', 'project', 'plan', 'potential', 'will', 'may', 'should', 'expect', 'pending' and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and/or are beyond our control or precise estimate. Such risks, uncertainties and other factors include, but are not limited to, uncertainties related to the Company's and its counterparty's ability to consummate the transactions discussed herein, as well as those factors discussed under 'Risk Factors' in our Annual Report on Form 20-F for the year ended December 31, 2024 and our other filings with the SEC, which can be obtained free of charge on the SEC's website at Except to the extent required by applicable law, we disclaim any intention or obligation to update publicly or revise any forward‐looking statements, whether as a result of new information, future events or otherwise. CONTACT DETAILS For further information please contact: Investor RelationsToro Corp. Email: ir@
Finextra
08-07-2025
- Business
- Finextra
Broadridge gets in line with EU instant payment regulations
To support banks in accelerating their transition to real-time Swift payments ahead of the October 2025 European deadline, global fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) has announced the significant market adoption of its service for connectivity, message processing and workflow management for instant payments. 0 This move follows robust take-up by European banks, reflecting Broadridge's commitment to enhancing the speed and efficiency of financial transactions across the continent. "With instant payments now a regulatory necessity, financial institutions are actively looking for scalable and cost-efficient solutions that ensure seamless compliance and real-time payment readiness," said Kai Marzenell, Director, Swift Product Management at Broadridge. "Our solution not only minimizes onboarding complexity but also offers financial institutions a significant cost advantage, enabling them to better operate, innovate and grow.' Since launching the solution in the fall of 2024, Broadridge has successfully onboarded seven clients in just five months, enabling real-time payments through partnerships with key core banking solution providers, such as CPB SOFTWARE (formerly EFDIS), as well as instant payment application providers, such as Foconis. By providing seamless integration with the European Central Bank's Target Instant Payment Settlement (TIPS) system, Broadridge has provided banks with a high-availability infrastructure that ensures transactions settle 24/7, with zero downtime. "Speed of onboarding was a game-changer in this collaboration," said Christian Wust, Managing Director at CPB SOFTWARE (GERMANY) GMBH. "While most providers require six months or more per institution, Broadridge helped our clients go live in just five months, covering multiple banks in that timeframe. This level of agility is a major advantage in today's fast-moving payments environment." Broadridge's instructing party model developed in collaboration with the European Central Bank's TIPS system, has been a key factor in client adoption, significantly reducing costs, simplifying compliance and minimizing time to market. 'With the October 2025 deadline for full compliance approaching, banks are under pressure to meet instant payment requirements,' said Heidi Dittmar, managing director of Swift Services, Broadridge. 'Working with Broadridge has enabled our customers to integrate real-time payments efficiently and navigate the evolving regulatory landscape with confidence." Broadridge's infrastructure offers 'active-active' failover across two data centers ensuring uninterrupted service availability. This capability significantly reduces risk and enhances resilience by allowing banks to rigorously pre-test failover scenarios under real-world conditions, setting a new benchmark for instant payment infrastructure. Additionally, Broadridge's partnerships with CPB SOFTWARE and Foconis have been instrumental in enabling rapid deployment for financial institutions. Broadridge's service for instant payments is built for continuous operation, processing transactions in less than 10 seconds with no downtime, with SwiftNet Instant connectivity for enhanced efficiency. This allows banks to support high-volume transactions, not only for the current set of instant payment transactions, but also in readiness for the future transition of all payment types to the instant payment model.
