Paladyne Taps Paul Cucurullo to Lead Asset Management Sales and Business Development

LAKE SUCCESS, New York, Oct. 23, 2012 /PRNewswire/ -- Paladyne Systems, a Broadridge Financial Solutions Company (NYSE:BR) and a leading provider of next-generation investment management solutions, today announced that it has appointed Paul Cucurullo as Senior Director of Sales to lead and develop the Paladyne offering for long-only asset managers and investment advisors. Mr. Cucurullo brings more than 30 years of experience as an asset management professional to Paladyne. 

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"Paul is a strong addition to our team for an important market segment. He brings many years of experience and a holistic understanding of the technology and operational needs of investment managers," said Sameer Shalaby, President, Paladyne Systems. "Some of the largest, most-sophisticated hedge fund managers use Paladyne to manage their mission-critical business. With our heritage in alternatives and the increasing convergence between hedge funds and traditional asset management investment strategies, Paladyne offers an effective solution that meets the challenges facing the industry."

Mr. Cucurullo joins Paladyne from Eagle Investment Systems, LLC, a subsidiary of BNY Mellon. Previously, he was a managing partner, co-founder and director of business development for IX Partners, which in 2009 was sold to Headstrong, a multinational offshore consulting firm. For ten years prior to that, he was Chief Information Officer at Ark Asset Management, a boutique investment advisor with $34 billion in assets under management.   

"I am excited to join the Paladyne team at this important juncture. Paladyne has a proven and integrated front-, middle- and back-office platform that is suitable for large to mid-tier asset management firms looking to create efficiencies, or emerging managers seeking a complete technology and infrastructure solution," said Mr. Cucurullo. "In the current regulatory climate, firms need a business partner that will help them respond quickly and efficiently to changes in the industry. With Broadridge's size, scale, and synergies, clients can be assured that Paladyne will continue to evolve into the platform of choice for the entire buy-side."

Paladyne has proven success with over 225 clients, including long-only managers, hedge funds, hedge fund administrators, prime brokers and other service providers. Paladyne helps asset management firms to rethink their operating models by streamlining multiple vendor relationships and technology platforms, allowing the investment team to concentrate on its core business of managing money for clients. With the Paladyne platform, COOs and CFOs can implement an entire front- to back-office solution that covers order management, trading, compliance, data warehousing, performance, analytics and reporting, drawing on a network of data and third-party relationships, as well as an expanded product set from Broadridge.  

About Paladyne Systems

Paladyne Systems, a Broadridge Company (NYSE:BR), is the leading provider of next generation investment management solutions. Paladyne offers its integrated front-, middle- and back-office platform, known as the Paladyne Suite, to hedge funds, asset managers, fund administrators and prime brokers. The modular Paladyne Suite includes order management, portfolio management, reference data management, data warehouse and custom reporting and reconciliation, and is complemented by the Paladyne Network, an integrated network of leading 3rd-party software and market data firms. The solution can be delivered onsite or via Paladyne's industry-leading application service provider solution, SAS 70 Level II-certified Paladyne ASP. Paladyne was established in 2005 and acquired by Broadridge in 2011 and now serves over 225 clients worldwide. The firm has approximately 180 employees and is headquartered in New York, with regional offices in New Jersey, London, Russia and Hong Kong.

For more information, please visit www.paladyne.com.

About Broadridge

Broadridge is a technology services company focused on global capital markets.  Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries.  Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $4.5 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions.

For more information about Broadridge, please visit www.broadridge.com.

Paladyne Media Contact:                                   
Lisa Jane O'Neil                                                  
+1 (212) 786-7629
+1 (917) 361-8303  
lisajane@ljoassociates.com

Broadridge Media Contact:
Kelly M. Howard
Broadridge
+1-212-981-1347
kelly.howard@broadridge.com