Baudo becomes strategic advisor for Broadridge 08 June 2023US Reporter: Carmella Haswell
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Broadridge has selected Michael Baudo as a strategic advisor to perform a deep-dive analysis of its securities finance asset and service platforms.
Baudo will work alongside Broadridge’s president Chris Perry, president of capital markets Vijay Mayadas, and general manager of securities finance and collateral management Darren Crowther.
The team aims to design a long-term, front-to-back strategy that will enable growth across the securities finance market in North America.
Baudo was formerly president and CEO at ING before departing from a more than 23-year career with the multinational banking and financial services corporation in January. He went on to establish Strategic Direction LLC.
Based in New York, Baudo held a number of senior positions during his time at ING, including regional head of financial markets, Americas and global head of securities finance.
Earlier in his career, Baudo was regional head of international securities financing at Bankers Trust (now Deutsche Bank) between 1997 and 1999. Previously, he worked for Morgan Stanley from 1992 to 1997.
Commenting on the news, Crowther says: “Mike is a recognised industry expert who can help propel our vision and plan forward, simplifying and streamlining securities finance.
“Mike will help us review the current state of the ever-evolving securities finance market, assess future demands across the full front-to-back lifecycle and work with clients to set and validate our strategy for North American securities finance client base and franchise.”
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