Announced
Synopsis
Broadridge Financial Solutions, a global Fintech firm, acquired Rockall, a market leading provider of securities-based lending and collateral management solutions. Financial terms were not disclosed. "The acquisition of Rockall is the most recent example of Broadridge growing our wealth franchise by expanding our core wealth offering for clients," said Michael Alexander, head of North American Wealth and Capital Markets Solutions for Broadridge. "Securities-based lending and collateral management are key industry areas in need of innovation, and we look forward to leveraging next-generation technology to provide proven solutions to clients while mutualizing key front-, middle- and back-office functions."
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