Citi goes live in Australia and New Zealand with Proxymity’s full digital proxy voting service

SYDNEY, 25 October 2022 – Citi Securities Services has today announced the launch of Vote Connect Total, a digital proxy voting service provided by Proxymity, in Australia and New Zealand.

As part of this arrangement, Proxymity will manage the full life cycle of proxy voting services for Citi clients in the Australian and New Zealand markets, delivering an innovative, digital solution. The successful deployment follows similar rollouts across Europe, with others set to follow into next year.

Proxymity Vote Connect Total is the digital proxy service powered by Proxymity’s investor communications platform. The service allows ‘golden source’ meeting announcements and agendas to be published directly from issuers to investors. Investors can then send votes in real time to issuers or their agents without the need for manual intervention and receive true digital confirmation that their votes have been cast, helping everyone in the ecosystem save both time and money.

Proxymity’s digital-native platform has been built on highly scalable technology which allows secure end to end connectivity between issuers, issuer agents, custodians, and investors, providing transparency to all participants in the proxy voting chain.

Mark England, Head of Securities Services for Citi in Australia and New Zealand and APAC Co-Head of Sales for Securities Services said, “Investor communications are being transformed by replacing manual processes with modern digital automation.”

“Our long-term partnership with Proxymity reflects our commitment to providing the most innovative solutions to improve client experience and create efficiency in the market,” he added.

Proxymity were supported by Citi’s D10XSM program, an internal accelerator that supports the creation, development and launch of new concepts by employees across Citi’s businesses. The platform was first launched in the UK in 2018, following a collaborative pilot partnership and the company was spun out by Citi in April 2020.

Dean Little, Co-Founder and CEO of Proxymity, said: “We are proud to grow and deepen our working relationship with Citi, who have been with us on this journey from the beginning. By enabling them to extend Proxymity’s solutions to their blue-chip clients in Australia and New Zealand, together we’ve delivered another great milestone for Citi clients in the APAC region”.

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