Broadridge Financial Solutions, a global financial technology specialist, says it has completed its previously announced acquisition of FundsLibrary, a leader in fund document and data dissemination in the European market.

It says the acquisition accelerates its pan-European regulatory communications and digital data platform, supporting the lifecycle of fund data, documents, and regulatory reporting for the investment industry.

FundsLibrary's solutions enable fund managers to increase distribution opportunities and help them comply with regulations such as Solvency II and MiFID II. The business will be combined with FundAssist, Broadridge's existing European funds regulatory communications business.

The combined business will be known as Broadridge Fund Communication Solutions, and will be led by Arun Sarwal, former CEO of FundsLibrary.

Broadridge notes that Sarwal has extensive financial services industry and technology business leadership experience. He previously held roles as Senior Vice President of SS&C Technologies, CEO of DST Investment Management Solutions, COO at Scottish Widows Investment Partnership (SWIP), SVP within ABN AMRO's Private Clients & Asset Management business and was one of the founders of Kurtosys Systems.

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Broadridge Financial Solutions, a global financial technology specialist, says it has completed its previously announced acquisition of FundsLibrary, a leader in fund document and data dissemination in the European market.

It says the acquisition accelerates its pan-European regulatory communications and digital data platform, supporting the lifecycle of fund data, documents, and regulatory reporting for the investment industry.

FundsLibrary's solutions enable fund managers to increase distribution opportunities and help them comply with regulations such as Solvency II and MiFID II. The business will be combined with FundAssist, Broadridge's existing European funds regulatory communications business.

The combined business will be known as Broadridge Fund Communication Solutions, and will be led by Arun Sarwal, former CEO of FundsLibrary.

Broadridge notes that Sarwal has extensive financial services industry and technology business leadership experience. He previously held roles as Senior Vice President of SS&C Technologies, CEO of DST Investment Management Solutions, COO at Scottish Widows Investment Partnership (SWIP), SVP within ABN AMRO's Private Clients & Asset Management business and was one of the founders of Kurtosys Systems.