An $11bn US financial technology provider has promoted a top executive to push forward its European expansion efforts, driven by regional regulations such as sweeping new securities rules that came into force at the start of the year.

Broadridge Financial Solutions, which has a listing on the New York Stock Exchange, said it is creating a new international division, covering Europe, the Middle East and Africa, as well Asia-Pacific. The unit will be headed by Tom Carey, previously head of technology and operations solutions in the two regions.