Broadridge Financial Solutions has appointed Bennett Egeth as president of its newly-expanded investment management business.
Building on Broadridge's 2011 acquisition of Paladyne Systems, this business offers investment managers, global banks, broker-dealers and fund administrators solutions for investment management, reference data and risk technology including enterprise-wide order management, portfolio management and reporting.
Paladyne Systems will become part of the Broadridge investment management business.
Egeth brings knowledge and expertise in helping global investment managers, asset servicing providers, banks and broker-dealers increase revenue and solve problems in complex operating environments.
"Over the last two years, Broadridge has reinforced its commitment to the investment management segment and demonstrated strong growth through the addition of 110 new clients spanning hedge funds, hedge fund administrators and traditional asset management firms," says Charlie Marchesani, president, global technology and operations solutions, Broadridge.
Broadridge is also expanding the business's leadership team. In addition to Egeth's appointment, Lou Longhi joins Broadridge as global head of investment management sales based in New York. Longhi was a co-founder of SmartStream and most recently a senior executive at SunGard.
In addition, Jonathan Cross will assume the newly-created role of chief operating officer of the business. Based in London, Cross has been running Paladyne's European and Asian businesses for the last four years.