CIMB Securities Australia turns on Broadridge solution
04 February 2013 Sydney
Image: Shutterstock
CIMB Securities Australia has gone live with Broadridge’s broker client accounting solution, SUMMIT, for its Australian investment banking business.
The solution supports CIMB’s cash equity business for principal and agency trades conducted on the Australia Securities Exchange (ASX) and CHI-X Markets, and enhances the firm’s operational processing efficiency while helping to minimise the risks associated with processing delays and manual checks.
CIMB acquired its Australian investment banking business from Royal Bank of Scotland, as part of a regional growth plan. It commenced live operations on SUMMIT in a short timescale to coincide with the business handover from RBS and the commencement of local market operations.
“We have been consistently impressed with the professionalism and service quality provided by Broadridge in Australia throughout the course of this project,” said Carol Fong, group CEO at CIMB Securities. “We quickly and efficiently transitioned to live processing without any hitches, delays or budget over-runs. Our operational technology supports our growth strategy into additional asset classes and markets.”
The solution supports CIMB’s cash equity business for principal and agency trades conducted on the Australia Securities Exchange (ASX) and CHI-X Markets, and enhances the firm’s operational processing efficiency while helping to minimise the risks associated with processing delays and manual checks.
CIMB acquired its Australian investment banking business from Royal Bank of Scotland, as part of a regional growth plan. It commenced live operations on SUMMIT in a short timescale to coincide with the business handover from RBS and the commencement of local market operations.
“We have been consistently impressed with the professionalism and service quality provided by Broadridge in Australia throughout the course of this project,” said Carol Fong, group CEO at CIMB Securities. “We quickly and efficiently transitioned to live processing without any hitches, delays or budget over-runs. Our operational technology supports our growth strategy into additional asset classes and markets.”
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