Broadridge to acquire Rockall
May 1, 2019

Broadridge Financial Solutions has today announced from New York that it has acquired Rockall, a provider of securities-based lending (SBL) and collateral management solutions for wealth management firms and commercial banks.

Broadridge says the acquisition expands its core front-to-back office wealth capabilities, providing innovative SBL and collateral management technology solutions to help firms manage risk and optimize clients' securities lending and financing needs.  

Broadridge adds that Rockall currently enables the management of more than US$3 trillion worth of collateral daily for some of the world's top banks, and 10 of the top 30 US banks use Rockall's technology to streamline collateral management, safeguard against credit risk and enhance lending.

It says two key offerings Rockall provides include a cloud-based wealth lending solution, FASTNET, which automates the evaluation, monitoring and management of SBL, and an enterprise banking collateral management solution, COLLATE, which supports strategies and change levers that drive enhanced credit risk management, regulatory reporting, process simplification, and capital efficiency.

"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."

Houlihan Lokey acted as exclusive financial and strategic advisor to Rockall. Terms of the deal were not disclosed.





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Broadridge Financial Solutions has today announced from New York that it has acquired Rockall, a provider of securities-based lending (SBL) and collateral management solutions for wealth management firms and commercial banks.

Broadridge says the acquisition expands its core front-to-back office wealth capabilities, providing innovative SBL and collateral management technology solutions to help firms manage risk and optimize clients' securities lending and financing needs.  

Broadridge adds that Rockall currently enables the management of more than US$3 trillion worth of collateral daily for some of the world's top banks, and 10 of the top 30 US banks use Rockall's technology to streamline collateral management, safeguard against credit risk and enhance lending.

It says two key offerings Rockall provides include a cloud-based wealth lending solution, FASTNET, which automates the evaluation, monitoring and management of SBL, and an enterprise banking collateral management solution, COLLATE, which supports strategies and change levers that drive enhanced credit risk management, regulatory reporting, process simplification, and capital efficiency.

"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."

Houlihan Lokey acted as exclusive financial and strategic advisor to Rockall. Terms of the deal were not disclosed.



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