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The 2016 Tech 50: Robert Schifellite

The Broadbridge president of investor communications debuts at No. 48 on our annual Tech 50 ranking.

  • By Peter Vasiliev

48
Robert Schifellite
President, Investor Communication Solutions
Broadridge Financial Solutions
PNR

Online and mobile voting are not quite ready for prime time in the U.S. political system, but that future has already arrived in the world of corporate governance, thanks in no small part to Broadridge Financial Solutions. By way of the company’s investor communication division’s ProxyEdge product, the $3 billion-in-revenue, Lake Success, New York–based Broadridge facilitates proxy voting and other shareholder communications for more than 90 percent of the public companies and mutual funds based in North America. Spearheading these efforts is Robert Schifellite, a 30-year financial industry veteran who is president of investor communication solutions. The division led by Schifellite, 57, accounts for 75 percent of Broadridge’s revenue. “Proxy processing and voting is going to be a huge deal for corporate governance,” explains the Brooklyn native, who has a bachelor’s degree in accounting and an MBA from Hofstra University, and lives on Long Island. The practice has yet to reach mass adoption, however, so Schifellite promotes automated communications through both marketing and public forums. He participated in a February 2015 Securities and Exchange Commission roundtable on a proposed universal proxy ballot and other ideas for promoting retail participation in the proxy process. SEC chair Mary Jo White subsequently urged companies to “give meaningful consideration to using some form of a universal proxy ballot even though the proxy rules currently do not require it.” Broadridge, which also processes an average $5 trillion a day in equity and fixed-income trades, is eyeing potential applications of blockchain; it participated this year in a $60 million funding round for New York–based Digital Asset Holdings. Blockchain “will have an impact on voting,” says Schifellite, who previously worked as a Deloitte & Touche auditor and joined Broadridge predecessor ADP Brokerage Services Group in 1992. “But across all of Broadridge, this is a significant focus.”

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The 2016 Tech 50

1. Catherine
Bessant
Bank of America Corp.
2. Jeffrey Sprecher
Intercontinental Exchange
3. Lance Uggla
Markit
4. Phupinder Gill
CME Group
5. Shawn Edwards and Vlad Kliatchko
Bloomberg
6. R. Martin Chavez
Goldman Sachs Group
7. Robert Goldstein
BlackRock
8. Adena Friedman
Nasdaq
9. Deborah Hopkins
Citi Ventures
10. Daniel Coleman
KCG Holdings
11. Stephen Neff
Fidelity Investments
12. David Craig
Thomson Reuters
13. Michael Spencer
ICAP
14. Michael Bodson
Depository Trust & Clearing Corp.
15. Charles Li
Hong Kong Exchanges and Clearing
16. Chris Concannon
BATS Global Markets
17. Blythe Masters
Digital Asset Holdings
18. David Rutter
R3CEV
19. Neil Katz
D.E. Shaw & Co.
20. Lee Olesky
Tradeweb Markets
21. Richard McVey
MarketAxess Holdings
22. Seth Merrin
Liquidnet Holdings
23. Robert Alexander
Capital One Financial Corp.
24. Brad Katsuyama
IEX Group
25. Antoine Shagoury
State Street Corp.
26. David Gledhill
DBS Bank
27. Lou Eccleston
TMX Group
28. Andreas Preuss
Deutsche BÖrse
29. Dan Schulman
PayPal Holdings
30. Scott Dillon
Wells Fargo & Co.
31. Mike Chinn
S&P Global Market Intelligence
32. Craig Donohue
Options Clearing Corp.
33. Gary Norcross
Fidelity National Information Services
34. Steven O'Hanlon
Numerix
35. Sebastián Ceria
Axioma
36. Michael Cooper
BT Radianz
37. Tyler Kim
MaplesFS
38. Neal Pawar
AQR Capital Management
39. David Harding
Winton Capital Management
40. Chris Corrado
London Stock Exchange Group
41. Brian Conlon
First Derivatives
42. Jim Minnick
eVestment
43. Stephane Dubois
Xignite
44. Mazy Dar
OpenFin
45. Yasuki Okai
NRI Holdings America
46. Kim Fournais
Saxo Bank
47. Jock Percy
Perseus
48. Robert Schifellite
Broadridge Financial Solutions
49. Brian Sentance
Xenomorph Software
50. Pieter van der Does
Adyen

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