Broadridge Financial Solutions, Inc. (NYSE: BR) has announced on Tuesday that it had hired Ted Bragg and Jim Kwiatkowski to join LTX, a Broadridge subsidiary that offers an AI-driven digital trading platform for corporate bonds. According to the press release, both executives will be part of the LTX leadership team.
Bragg and Kwiatkowski are well-known veterans in the global markets industry, with the first one having served as Vice President and Head of Fixed Income at Nasdaq. On the other hand, Kwiatkowski worked as Managing Director and Global Head of Transaction Sales at the London Stock Exchange. “As we leverage next-gen technologies to take the bond market to the next level, Ted and Jim are welcomed additions who are recognized leaders with decades of experience driving transformation in the capital markets industry. These latest hires reinforce Broadridge’s commitment and investment in LTX, and we look forward to further strengthening our liquidity network, enabling more dealers and investors to trade smarter,” Jim Toffey, LTX CEO, commented on the appointments.
The new Broadridge subsidiary’s leadership members had experience managing execution access broker-dealer teams and expanding fixed income initiatives. Moreover, Kwiatkowski is a former Global Head of Transaction Sales at Refinitiv and a Global Head of Transactions Sales at Thomson Reuters, where he joined the team after the acquisition of FXall.
Recent Financials Report
Recently, Broadridge unveiled its financials for the fourth quarter of the financial year 2021, ending the quarter with a revenue increase of 12 percent and the year with a 10 percent gain. The financial services company generated total revenue of $1.53 billion in the last quarter of the fiscal year compared to $1.36 billion in the prior year. Its recurring fee revenues increased by 15 percent to touch $1.06 billion.
ICS, which is the primary revenue generator for the company, brought in $1.22 billion in revenue, which was a yearly jump of 12 percent. The revenue from the GTO business, which includes Broadridge’s recently acquired subsidiary Itiviti, came in at $346 million, $32 million higher than the previous year.
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