Broadridge Financial Solutions, Inc. (NYSE:BR) recently announced that it has onboarded Art Certosimo as LTX Chairman of the Board.
Recently announced in a press release, Certosimo, a recognised leader in the financial services industry, has been named Chairman of the LTX Board by Broadridge. He will assist with LTX’s strategic direction and build the critical mass of buy-side and sell-side firms to improve liquidity and efficiency in the corporate bond market.
Certosimo brings more than 35 years of international banking and capital markets experience to LTX, which provides a new AI-driven digital trading platform for corporate bonds. In his position as a non-executive chairman, he will persist in his role as senior advisor to the executive team.
Certosimo’s Vocational Background
Concurrently, Certosimo is successfully fulfilling four other roles. At South Street Securities LLC he has held a seat as a Member of the Board of Directors since 2007; additionally, he serves as Member of the Board at LiquidX and has been there for 3 years; further, at Nest Global Solutions he provides guidance as a Senior Adviser and Principal.
Prior to the announced appointment, Certosimo served as Vice Chairman at Promontory Interfinancial Network from early 2002 until late 2019.
Additionally, at the Bank of New York Mellon (BNY Mellon), he served as Chief Executive Officer (CEO) of Global Markets. His role involved leading the banks’ foreign exchange, capital markets and derivatives trading business worldwide.
Before the CEO role of Global Markets, this veteran took charge as CEO of the Alternative, Broker-Dealer and Treasury Clearance Groups. During this time, he played a vital position in the 2001 9/11 recovery and the 2008 credit crisis.
Further, at BNY Mellon, Certosimo took on the responsibilities as principal of Morgan Stanley Asset Management from late 1994. Also, he served as the Vice President of the Chase Manhattan Bank’s Global Investor Services group for almost 17 years. His role involved international operations management, customer service, sales, relationship management and business management.
Additional Changes to the Board
Vijay Mayadas, Co-founder and former LTX Chairman, will execute the role of LTX Vice Chairman. This will be in addition to his recent appointment at Broadridge as President of Capital Markets. Certosimo and Mayadas will be working with newly appointed LTX CEO and Co-Founder, Jim Toffey. They will drive the next level of evolution of the corporate bond market.
Chris Perry, Broadridge President, said: “Art is a recognized leader in the financial services industry with decades of experience driving major transformational initiatives and has been a huge asset as an advisor to Broadridge and the LTX team.”
“I’m delighted to be appointed LTX Chairman to help improve liquidity and efficiency in the markets that I have been closely involved with for many years,” said Certosimo. “Given Broadridge’s position in fixed income post-trade processing and LTX’s innovative approach to using powerful AI, I look forward to working with this talented team to take the bond market to the next level.”