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Societe Generale selects Broadridge Financial for range of outsourcing services

BBR Staff Writer Published 28 September 2011

Societe Generale has selected Broadridge Financial Solutions as one of its partners for a range of technology and outsourcing services for the firm's US broker-dealer, SG Americas Securities.

Technology services firm Broadridge said Societe Generale will utilize its institutional securities processing platform, including its business process outsourcing solution.

Broadridge added that this partnership will enhance Societe Generale's global trading operations by streamlining processes, such as: trade initiation, confirmation, payments, corporate actions and statements between their domestic and international offices.

Societe Generale COO for Corporate & Investment Banking in the Americas Mark Kaplan said using Broadridge's solutions not only enables them to redeploy their internal resources to new strategic growth areas, but they are now better equipped to grow and scale their business at predictable price points.

In July 2011, Societe Generale has implemented Broadridge's BPS, a back-office processing system, supporting real-time processing of its US equities, options, and stock loan activities.