NEW YORK, NY -- (MARKETWIRE) -- 07/09/07 --
Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that its wholly owned subsidiary ADP Clearing &
Outsourcing Services, Inc. will now be called Ridge Clearing & Outsourcing
Solutions, Inc. (Ridge Clearing, www.ridgeclearing.com).
Ridge Clearing is a pure provider of correspondent clearing solutions to
fully disclosed broker-dealers and operations outsourcing solutions to
self-clearing broker-dealers. Ridge Clearing manages the processing of
domestic and international equities, fixed income, mortgage backed
securities, mutual funds, ADRs, and other financial instruments for
institutional broker-dealers, discount and full-service broker-dealers, as
well as wealth managers around the world.
Joe Barra, President of Ridge Clearing, commented, "We are pleased to
announce our new name. It conveys our sense of stability, security, and
reliability to our clients. As we always have, we will continue to prove
our lasting commitment through the delivery of our best-of-breed products,
exceptional service, and personalized relationships."
About Broadridge
Broadridge Financial Solutions, Inc., formerly ADP Brokerage Services
Group, with nearly $2.0 billion in revenues and more than 40 years of
experience, is a leading global provider of technology-based outsourcing
solutions to the financial services industry. Our integrated systems and
services include investor communication, securities processing, and
clearing and outsourcing solutions. We offer advanced, integrated systems
and services that are dependable, scalable and cost-efficient. Our systems
help reduce the need for clients to make significant capital investments in
operations infrastructure, thereby allowing them to increase their focus on
core business activities. For more information about Broadridge, please
visit www.broadridge.com.
Press Contact:
Dorothy Friedman
Broadridge
+1 212 918 6920 (U.S.)
Email Contact