CGS International in Singapore taps Broadridge for securities finance platform
CGS International has selected Broadridge to drive automation and streamline workflows throughout its securities finance offering.
CGS International partners Broadridge for SFCM platform
The Singapore-based financial services provider will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) platform, which functions as a front-to-back Software-as-a-Service (SaaS) solution applicable to buy and sell-side securities lending, repo and collateral trading markets.
Broadridge says the platform will enable its latest client to “minimise costs via automation as well as simplify workflows and exception-based processes”.
The New York-headquartered financial solutions provider previously extended the same platform to Maybank Investment Bank in Malaysia in August.
Ademola Olopade, group head of prime brokerage and wealth solutions at CGS International, says the platform “enables us to introduce additional functionalities and scalability according to our business needs”.
Formed as a joint venture between China Galaxy International and CIMB Group, CGS International services institutional, corporate and retail clients with a range of brokerage, investment banking and financial advisory services, specialising particularly in equity broking, wealth and asset management and institutional sales and trading.
Headquartered in Singapore, the securities house currently operates across 15 markets in Asia, including Indonesia, China, India, Hong Hong, Thailand and Malaysia.
