Accenture Completes Transfer of Securities Processing Operations for First Client of Accenture Post-Trade Processing

  Accenture Completes Transfer of Securities Processing Operations for First
  Client of Accenture Post-Trade Processing

Business Wire

PARIS -- October 28, 2013

Accenture (NYSE:ACN) and Societe Generale Corporate & Investment Banking (SG
CIB) completed the first step in transforming the bank’s securities processing
back-office operations on October 14 by transferring them to Accenture
Post-Trade Processing, a service launched by Accenture and Broadridge
Financial Solutions (NYSE:BR). The solution is designed to help the bank
improve competitiveness, adapt to changes in regulation and market
infrastructure, and reduce costs.

Accenture Post-Trade Processing is managing the back-office securities
processing for SG CIB – including settlement, asset servicing, reference data,
reconciliation and administrative accounting – under the agreement between
Accenture and the bank announced in July. As part of the initiative, a number
of SG CIB employees have joined Accenture with post-trade processing skills
relevant in more than 50 financial markets.

In the second phase, Accenture Post-Trade Processing will transfer SG CIB’s
securities processing to a new, multi-entity platform based on Broadridge
technology. The platform is designed to reduce resources and simplify
preparations for compliance with new and existing regulations; optimize
performance with access to real-time trade information; and quickly and
efficiently launch new financial products and enter new markets. The new
platform will allow Accenture Post-Trade Processing to serve multiple clients
operating in Europe and Asia-Pacific.

“We are very pleased with this initiative to create a new securities
back-office outsourcing solution for investment banks in Europe and
Asia-Pacific. Accenture Post-Trade Processing will allow us to deliver
top-level services to our clients while being price-competitive with the
largest players in the industry,” said Christophe Leblanc, Chief Operating
Officer, Corporate & Investment Banking, Private Banking, Asset Management and
Securities Services, Societe Generale.

Eugenio Bonomi, senior managing director and head of Accenture Post-Trade
Processing said, “Societe Generale Corporate & Investment Banking shows
foresight and vision with this initiative.In an increasingly competitive and
capital-intensive industry,this new approach to post-trade processing will
help the bank meet its efficiency and client service objectives. Our
longstanding relationship with Societe Generale Corporate & Investment Banking
and understanding of the global investment banking business is helping make
this a seamless transition.”

Accenture Post-Trade Processing, a strategic collaboration between Accenture
and Broadridge Financial Solutions, combines Accenture’s global business
process outsourcing capabilities and global capital markets industry expertise
with Broadridge’s leading post-trade processing technology. Accenture and
Broadridge have designed the solution with the flexibility to accommodate
other technology to support certain functions, such as reconciliations and
corporate actions processing.

About Accenture

Accenture is a global management consulting, technology services and
outsourcing company, with more than 275,000 people serving clients in more
than 120 countries. Combining unparalleled experience, comprehensive
capabilities across all industries and business functions, and extensive
research on the world’s most successful companies, Accenture collaborates with
clients to help them become high-performance businesses and governments. The
company generated net revenues of US$28.6billion for the fiscal year ended
Aug. 31, 2013. Its home page is www.accenture.com.

Accenture Post-Trade Processing expands Accenture’s support for banks, adding
a technology and BPO solution for post-trade processing to Accenture Trading
Services – a business service within Accenture’s Financial Services operating
group that provides consulting, technology and BPO services to help banks
increase efficiencies at every stage of the trading lifecycle.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of
investor communications and technology-driven solutions for broker-dealers,
banks, mutual funds and corporate issuers globally. Broadridge’s investor
communications, securities processing and business process outsourcing
solutions help clients reduce their capital investments in operations
infrastructure, allowing them to increase their focus on core business
activities. With 50 years of experience, Broadridge’s infrastructure underpins
proxy voting services for over 90% of public companies and mutual funds in
North America, and processes more than $5 trillion in fixed income and equity
trades per day. Broadridge employs approximately 6,400 full-time associates in
13 countries. For more information about Broadridge, please visit
www.broadridge.com.

Contact:

Accenture
Melissa Volin, + 267 216 1815
melissa.volin@accenture.com
or
Francois Luu, + 33153 23 68 55
francois.luu@accenture.com
 
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