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Broadridge picks stake in AMA Partners

February 19
2:37 AM 2016

NYSE-listed Broadridge Financial Solutions has taken a minority stake in AMA Partners, BV (AMA). By investing in AMA Partners, Broadridge will expand its corporate governance solution and data capabilities and analytics platform in the European market. 

In addition to investing, Broadridge Financial Solutions has also entered into an exclusive distribution and marketing deal with AMA Partners. AMA Partners offers an analytics platform 'DirectorInsight,' which provides data and analytical tools for independent analysis of corporate governance and execute compensation. 

Hedge Week reports that the latest deal will enable Broadridge Financial's corporate governance solution that allows corporates and institutional investment firms in key European market to access the customizable data and analytics platform.

DirectorInsight solution is powered by historical data from 2008. It is equipped with performance forecast and standardized compensation data that covers over 1,200 listed European companies with profile of more than 35,000 directors and executives.

Demi Derem, general manager of Investor Communication Solutions International, Broadridge, said "DirectorInsight will be an excellent complement to our existing suite of proxy services as part of our overall corporate governance focus. In the current environment of increased activism and heightened scrutiny of corporate governance practices, partnering with AMA to offer DirectorInsight will enable issuers and institutional investors better decision making and more effective engagement."

Broadridge's solution is widely used by brokers, dealers, banks and mutual funds. The analytics platform helps in interpret data giving more transparency for promoting corporate governance. Boards of Directors and shareholders are benefited from easy accessible decision-making process, according to Finance Magnates

Aniel Mahabier, founder of AMA Partners, says "AMA is excited to partner with Broadridge to greatly expand DirectorInsight's distribution reach. DirectorInsight is the first platform within Europe that was built to aggregate and interpret data to provide transparency to promote sound corporate governance and responsible pay practices. Members of boards and shareholders benefit from a more transparent and accessible decision-making process, with the ability to access the same information at the same time." 

Meanwhile, Broadridge Financial Solutions recorded 11 percent growth in revenues at $639 million for the second quarter of 2016 financial year ending December 2015. The adjusted operating income rose 19 percent to $80 million, while the net earnings were up 16 percent to $40 million, as stated by Broadridge.

The diluted earnings per share (EPS) rose 18 percent to $0.38. The continued recurring revenues from news sales propelled the compny to register 11 percent growth in total revenues. The acquisitions completed in 2015 also added to the growth in top line. Broadridge's stock price marginally up 0.16 percent to $55.52 on Thursday on New York Stock Exchange (NYSE).

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