By utilising Broadridge’s Portfolio Master (known previously as Paladyne) – a full asset class portfolio management platform with integrated risk and portfolio rebalancing capabilities – into our front to back solution, we are able to offer clients a fully integrated end-to-end outsourcing model spanning order, execution and portfolio management, embedded risk and compliance modules, and a full suite of deep middle office operational services. This new capability enables a shared flow of data across all of our hedge fund administration solutions, boosting efficiency and providing onward transparency to the end investor. It also positions us to support fund managers with their growing infrastructure replacement initiatives aimed at shifting operational strain and fixed cost base to a full-service outsourcing partner.
With operational synergies and shared DNA supporting hedge funds, Broadridge are a natural fit for BNP Paribas Securities Services. Their single platform solution provides our clients with a simplified, best of breed, technical landscape to support their front office needs which, combined with our existing solutions and expertise, offers flexibility to support growth at scale.
Diarmuid Ryan, Global Head of Hedge Fund Solutions at BNP Paribas Securities Services said:
“Our continued relationship with Broadridge bolsters our front to back infrastructure and our overall offering in the hedge fund space. It seamlessly connects an industry leading front end platform with the full range of BNP Paribas hedge fund solutions to support clients’ infrastructure replacement objectives – from core fund administration, through to depositary, custody, cash, FX, financing and prime brokerage solutions.”
Eric Bernstein, President Broadridge Asset Management Solutions at Broadridge said:
“The integration of the front office with middle and back office functions continues to be an area of focus in this evolving sector. A full front to back model can offer cost savings, reduce operational risk, and create a shared data model across the organisation – and we’re delighted that BNP Paribas have chosen our Portfolio Master platform to deliver this enhanced efficiency to the end client.”