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J.P. Morgan Goes Live With Proxymity’s Digital Proxy Voting Platform

Push Release


Oct 26, 2021 09:00 BST


Proxymity, the revolutionary investor communication platform backed by a consortium of the some of the world’s most significant international custodians, now declared that J.P. Morgan’s Securities Solutions has long gone dwell on its electronic proxy voting system in Belgium, to be followed by France. Added markets planned to go dwell prior to the 2022 proxy seasons involve Australia and New Zealand, with other individuals set to follow subsequent calendar year.

  • J.P. Morgan’s connectivity with Proxymity heading dwell in France and Belgium  
  • Australia & New Zealand prepared to go stay ahead of 2022 Proxy Season
  • J.P. Morgan employing Proxymity’s platform to enhance consumer services, maximize transparency and cut down complexity

By way of Proxymity’s committed proprietary connections to issuers and issuer brokers, the system enables “golden supply” assembly bulletins and agendas to be printed specifically from issuers to traders. Traders can then send out votes in serious time to issuers or their agents with no the need to have for handbook intervention and receive genuine digital affirmation that their votes have been forged, enhancing conversation and transparency for every person in the ecosystem.

Proxymity’s digital-native platform has been developed on extremely scalable technological innovation which makes sure safe close to end connectivity among issuers, issuer agents, custodians, and buyers, offering transparency to all individuals in the proxy voting chain. In addition, supplies comprehensive compliance with the most recent polices these kinds of as the Shareholder Legal rights Directive (SRD II).

For J.P. Morgan’s Securities Solutions purchasers, the link with Proxymity means that J.P. Morgan will be ready to use Proxymity’s exclusive Immediate-to-Issuer connections in pick marketplaces, substantially enhancing investors’ voting encounter and generating much more time for them to make critical decisions on their investments, whilst furnishing enhanced transparency.

“Investor communications is being transformed by changing legacy handbook processes with wise digital automation,” stated Hannah Elson, Head of Worldwide Custody, J.P. Morgan’s Securities Expert services. “Operating with Proxymity demonstrates our commitment to furnishing the most innovative solutions to boost client working experience although reducing the price and complexity of furnishing even increased degrees of assistance. We look forward to getting a person of the to start with major worldwide custodians to go are living on this system.”

Dean Little, Co-Founder and CEO of Proxymity, stated: “We are proud to be doing work with J.P. Morgan to prolong Proxymity’s methods to their consumers throughout the world. We feel these innovations will assist intermediaries carry on to grow their enterprises and offer the high quality of support that has created them so effective to day. This excellent milestone was manufactured attainable by the agility and devotion of the J.P. Morgan and Proxymity teams and is a excellent case in point for the business of what can be achieved by way of technology and partnership.”

In 2020, as element of an sector-foremost consortium, J.P. Morgan invested in Proxymity, recognising the positive aspects of a greatly adopted system across the investment ecosystem. The growing around the world concentration on ESG and shareholder transparency, as reflected in world regulation, has accelerated the continuing trend towards electronic transformation in custody and asset servicing.

About Proxymity

Proxymity’s groundbreaking trader communications platform connects issuers, intermediaries, and traders in actual-time via its distinctive digital pathway, bringing effectiveness, precision, and transparency to each individual participant in the world-wide custody chain.

Our remedies give general public providers self-assurance that their AGM/EGM agendas are transmitted as “golden resource” and provide institutional investors with the time they need to have to investigation and vote on company decisions, as nicely as real electronic confirmation that their votes have been obtained.

Proxymity promotes improved environmental, social, and company governance (ESG) by increasing conversation concerning issuers and investors and earning it less complicated for intermediaries to be productive, timely and compliant when servicing their clientele.

The company is backed by a worldwide consortium of the industry’s most influential economic institutions (BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, Point out Avenue).

For a lot more details, pay a visit to www.proxymity.io 

Proxymity push make contact with: [email protected]

Source: Proxymity