Deutsche Bank goes live with Proxymity digital proxy voting
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Deutsche Bank goes live with Proxymity digital proxy voting 11 May 2021Germany Reporter: Maddie Saghir
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Deutsche Bank’s connection with Proxymity, the digital investor communications platform it invested in 2020, is now live and servicing clients.
Clients will benefit from Proxymity’s vote execution directly to an issuer or issuer agent in Portugal, Netherlands, Belgium and France, with real-time meeting announcements flowing directly from issuers to clients of Deutsche Bank.
Proxymity's electronic proxy voting solution for issuers, intermediaries and institutional investors provides post-meeting vote confirmation.
Deutsche Bank, via Proxymity’s platform, offers clients the ISO2022 formats across 10 markets, including Portugal, Netherlands, Belgium, France, Germany, Austria, Italy, Spain, Hungary and the Czech Republic.
Paul Maley, Deutsche Bank global head of securities services, comments: “We invested in Proxymity last year because we believed that the time was right to transform the industry with new digital solutions for asset servicing and custody that remove the need for manual operations, making all participants more efficient and responsive.”
“We are pleased to see rapid progress from this exciting fintech solution and look forward to extending these benefits to all our clients,” Maley affirms.
Jonathan Smalley, co-founder and chief operating officer of Proxymity, says: “We are proud of the outstanding effort from both the Deutsche Bank and Proxymity teams in ensuring the solution is available to clients this season.”
“With cooperation from Deutsche Bank and our consortium of global partners we continue to accelerate our mission to provide unprecedented transparency and efficiency for the market,” adds Smalley.
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