ADP Brokerage Services Group Expands Sales Team for Further Growth
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ADP Brokerage Services Group, a division of Automatic Data Processing, Inc. (NYSE: ADP), announced that it has further extended its international sales team.
Michael Smith has been appointed as Senior Director within sales for ADP, focusing on sales of institutional services in the UK, Scandinavia and Eastern Europe. Before joining ADP, Smith worked at GL Trade for three and a half years, where he was Head of New Business, focusing on front office trading platforms. He also spent five years in front office trading solutions sales and management positions at Misys and Tradeware.
Smith will report into Joe O'Connor, Managing Director International Sales, ADP Brokerage Services Group. "We continue to extend our sales team to support growth in our existing markets and in new market segments. Mike brings additional skills and knowledge through his experience within the institutional client arena. This will strengthen ADP's already considerable understanding of the back office space", he said.
"I have joined ADP at an exciting time. With the continual increase in trade volumes, combined with the reduction of commission rates, today's heads of trading are looking for innovative ways to reduce costs. With an onus on staying competitive, those cost savings are typically being found in the back office environment. ADP's value proposition addresses these cost savings directly", said Michael Smith.
About ADP Brokerage Services Group
As the premier provider of transaction services to the financial industry, ADP has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP brings to financial intermediaries advanced, integrated systems for securities processing, desktop productivity and investor communication services, all focused on providing solutions for straight through processing and World Class Service.
ADP, with over $9.0 billion in revenues and more than 570,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions. For more information about ADP Brokerage Services Group, please visit our web site at www.bsg.adp.com and for other ADP services and investor information, please visit www.adp.com.
