BR - Broadridge Financial Acquires Rockall For Collateral Management
Quick Take
Broadridge Financial Solutions (BR) announced it has acquired Rockall for an undisclosed amount.
Rockall provides securities-based lending [SBL] and collateral management technologies.
With the deal for Rockall, BR will be able to address solid market demand for securities-based lending services.
Target Company
Charlotte, North Carolina-based Rockall was founded in 2000 and currently manages over $3 trillion of collateral daily.
Management is headed by CEO Richard Bryce, who has been with the firm since 2015 and was previously Director at Afanite.
Rockall’s primary offerings include:
- FASTNET
- COLLATE
Company partners or major