Broadridge Fin to invest $6 mln in Hyderabad facility

New Delhi, June 28 (UNI) Broadridge Financial Solutions Inc, a provider of technology-based outsourcing solutions to the financial services industry today said it would invest six million dollars to set up a facility in Hyderabad, and plans to increase its present headcount in India by 30 per cent by March, 2008.

Broadridge, a recent spin-off of the US-based ADP Brokerage Services Group, is currently housed at the ADP centre in Hyderabad.

''India plays a strong role in Broadridge's business strategy.

We are constantly looking at expanding our presence in the country.

We have a team of highly-engaged associates in Hyderabad committed to serving our client base,'' company's Corporate Vice President and Chief Human Resources Officer Richard Berke said.

Broadridge will also invest in building domain expertise that would enable India associates to better understand the global financial markets and enable them to provide high value services and solutions, he added.

Broadridge India plays a crucial role in maintaining company's market leadership in providing integrated solutions in the areas of investor communications, securities processing, and clearing and outsourcing solutions, a statement said.

UNI