Broadridge Taps 30-Year APAC Veteran and Ex-LSEG Executive as New Regional President ⋅ Crypto World Echo
Broadridge
Financial Solutions, Inc. (NYSE: BR) has appointed David Runacres as its new
President of Asia-Pacific (APAC), effective immediately. Runacres, who will be
based in Tokyo, will lead Broadridge’s regional operations and serve as Senior
Country Officer for Japan, a key market in the company’s growth strategy.
Broadridge Names David
Runacres as New APAC President
With over
30 years of experience in the APAC region, Runacres joins Broadridge from the
London Stock Exchange Group (LSEG), where he spent 12 years as head of Japan. He
holds a Bachelor of Applied Sciences in Computing from Monash University in
Australia.
The newest
appointment comes as Broadridge, a global fintech leader with annual revenues
exceeding $6 billion, seeks to strengthen its position in the Asian market.
“His
deep understanding of the market, coupled with his ability to navigate complex
regulatory environments and experience in leading cross-business initiatives,
makes him uniquely positioned to lead Broadridge’s growth initiatives in the
region to help our clients operate, innovate, and grow,” said Mike
Sleightholme, President of Broadridge International.
Runacres
brings a wealth of experience to his new role, having successfully led
high-impact projects at LSEG, including the integration of Refinitiv in Japan.
Prior to LSEG, he held key sales positions at SunGard Systems and Thomson
Financial, working across Hong Kong, Singapore, and Tokyo.
“I aim to
strengthen our market position and deliver unparalleled value to our clients,”
commented Runacres. “Together, we will build on Broadridge’s strong foundation
in APAC as a trusted tech partner to drive the next phase of success helping
our clients innovate.”
Broadridge,
which serves as a global communications hub for corporate governance, processes
daily trading of more than $10 trillion in securities globally. The company
employs over 14,000 associates across 21 countries and is part of the S&P
500 Index.
Broadridge has
recently made several other strategic hires. Following last month’s
announcement of Roz Smith as the new Chief Operating Officer for Broadridge
International, the company also welcomed Simona Vitali, formerly the Chief
Operating Officer for Europe at Morrow Sodali. Vitali has been tasked with leading
the sales operations for Broadridge’s newly launched international issuer
services.
Recent Developments at
Broadridge
In terms of
product innovation, Broadridge has been active as well. The fintech firm has
introduced a values-based investing tool within its Wealth Aggregation and
Insights platform. This new feature is designed to help advisors tailor client
portfolios to reflect personal values more accurately.
Additionally,
Broadridge has integrated Transaction Network Services (TNS) connectivity into
its global Futures and Options (F&O) Software-as-a-Service (SaaS) platform.
This enhancement is intended to streamline market data management and mitigate
operational risks for clients in the derivatives market.
Earlier in
May, the company expanded its capabilities by acquiring AdvisorTarget, a firm
recognized for its data products that support asset and wealth management
companies. AdvisorTarget’s offerings are geared towards improving digital
marketing, sales, and engagement strategies directed at financial advisors.
This article was written by Damian Chmiel at www.financemagnates.com.
