Proxymity Vote Connect Rolled Out by HSBC in Australia

HSBC rolls out vote connect in Australia

Product delivers innovative investor relations services for HSBC in the Australian market, with deployment in other markets expected in due course

Further reinforces Proxymity’s commitment to transforming investor communications in Australasia

Melbourne, Australia, March 25, 2024 – Proxymity, a leading digital investor communication platform, has today announced a significant milestone in its collaboration with HSBC, with the global bank now live with the Proxymity Vote Connect Total product in Australia. 

Australia is the first market HSBC has deployed Vote Connect Total, with additional markets in Asia Pacific and Europe expected to roll out the solution in due course.  

Vote Connect Total is an innovative proxy voting solution powered by Proxymity’s investor communications platform. 

The solution will enable HSBC Australia clients to experience “golden source” meeting announcements, near real-time ballots, improved market deadlines, and instant delivery of votes in relation to shareholder meetings such as Annual General Meetings (AGM) and Extraordinary General Meetings (EGM). 

This allows investors more time to engage with issuers without the need for manual intervention, along with Proxymity’s real-time digital vote confirmations providing immediate and verifiable proof that their votes have been cast at the meeting.

Dean Little, Co-Founder and CEO, Proxymity, said: “We are delighted to be expanding our collaboration with HSBC. With more shareholders gaining access to Proxymity’s proven technologies in Australia, we continue to pave the way for truly digital, real-time communication throughout the entire ecosystem.

The deployment of Vote Connect Total enhances shareholder democracy with Proxymity’s digital proxy voting service enhancing transparency, accuracy, and speed, all in compliance with current regulations. 

Fiona Horsewill, Global Head of Securities Services, HSBC said: “As the leading securities services provider in Asia, HSBC is committed to improving standards of efficiency and integrity in investor communications. We are pleased to deploy Proxymity’s product to enhance the overall investor experience for our clients.

In addition to Vote Connect in Australia, HSBC is currently live with Shareholder Disclosure in the United Kingdom, another solution on Proxymity’s platform. 

This integration, which HSBC plans to roll out in further markets, enables HSBC to automate its shareholder responses with full oversight, reporting, and exception management, processed seamlessly by Proxymity’s platform.

HSBC Ventures is a strategic investor in Proxymity. HSBC Ventures invests in emerging technology companies at the leading edge of financial services, which have strategic benefits for its customers and business.

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