CIMB 麻豆传媒 Australia turns on Broadridge solution
04 February 2013 Sydney
Image: Shutterstock
CIMB 麻豆传媒 Australia has gone live with Broadridge鈥檚 broker client accounting solution, SUMMIT, for its Australian investment banking business.
The solution supports CIMB鈥檚 cash equity business for principal and agency trades conducted on the Australia 麻豆传媒 Exchange (ASX) and CHI-X Markets, and enhances the firm鈥檚 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.
鈥淲e have been consistently impressed with the professionalism and service quality provided by Broadridge in Australia throughout the course of this project,鈥� said Carol Fong, group CEO at CIMB 麻豆传媒. 鈥淲e 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.鈥�
The solution supports CIMB鈥檚 cash equity business for principal and agency trades conducted on the Australia 麻豆传媒 Exchange (ASX) and CHI-X Markets, and enhances the firm鈥檚 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.
鈥淲e have been consistently impressed with the professionalism and service quality provided by Broadridge in Australia throughout the course of this project,鈥� said Carol Fong, group CEO at CIMB 麻豆传媒. 鈥淲e 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.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
