The expansion enables Proxymity to further redefine the nature of proxy voting and to continue to enhance its ability to digitise investor relations across the financial ecosystem.
LONDON, 07 December 2023: Proxymity, the leading digital investor communications platform, has announced that State Street Corporation, one of the world’s leading providers of financial services to institutional investors, has deployed its digital proxy voting service, Proxymity Vote Connect, for Portuguese and Spanish markets. The deployment utilizes the Vote Connect platform’s advanced capabilities through its connection with Citi as their sub-custodian.
Proxymity Vote Connect allows issuers to publish “golden source” meeting announcements directly to investors and intermediaries throughout the custody chain, ensuring both rapid reporting and accuracy. The service is underpinned by Proxymity’s unique ability to decipher the digital pathway between any connected issuer and shareholder, allowing shareholders more time to engage with issues without manual intervention.
State Street first adopted the Proxymity platform in 2021, and by leveraging Citi’s connection to Proxymity, State Street can now extend the benefits of Vote Connect’s digital proxy voting solutions to its underlying clients invested in Spain and Portugal; offering a transparent, accurate, and efficient communications experience that is in accordance with the EU (European Union) Shareholder Rights Directive (SRD II) in four key global markets.
Proxymity remains committed to its vision of making investor communications more accessible, accurate, and efficient for the whole ecosystem.
Dean Little, CEO and Co-Founder at Proxymity commented: “It is a pleasure to further expand our services with State Street. We are committed to advancing a truly digital, real-time investor relations system that can extend globally throughout the financial ecosystem and further strengthen the shareholder democracy.”
“We have been engaged with the Proxymity team on our strategic and shared goals of enhancing our client services and we look forward to continuing to build on our progress in these markets.” said Chris Rowland, Global Head of Custody at State Street.