Back to top

Image: Bigstock

Broadridge Picks Vijay Mayadas as Capital Markets' President

Read MoreHide Full Article

Broadridge Financial Solutions, Inc. (BR - Free Report) yesterday announced that it has appointed Vijay Mayadas as president of Capital Markets, a newly created position. He will provide leadership to the company’s trading and post-trade capital markets’ Software-as-a-Service solutions as part of the Global Technology and Operations (“GTO”) business.

Mayadas has vast experience in strategy consulting, and private equity and fixed income-trading software development.  He has been with Broadridge since 2013 when he joined as head of Strategy and M&A. He joined GTO in 2016 to lead the company’s Fixed Income and Analytics business unit. Before joining Broadridge, he spent six years at The Boston Consulting Group and had co-founded and sold a software company.

Tom Carey, president of GTO, stated that Mayadas’s leadership capabilities and experience will enable Broadridge to improve its extensive enterprise solutions. "Vijay is a recognized leader in the financial technology industry with a passion for creating leading-edge capital markets solutions and a track record of systematic innovation, delivery and execution," he noted.

Shares of Broadridge gained 12.5% year to date compared with 11.4% decline of the industry it belongs to and 6.2% rally of the Zacks S&P 500 composite.

Zacks Rank and Stocks to Consider

Broadridge currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Business Services sector are Republic Services (RSG - Free Report) , TransUnion (TRU - Free Report) and ICF International (ICFI - Free Report) , each carrying a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The long-term expected earnings per share (three to five years) growth rate for Republic Services, TransUnion and ICF International is 7.9%, 14% and 10%, respectively.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.3% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>