Proxymity and Deutsche Bank deploy Vote Connect Global in Asia
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Proxymity and Deutsche Bank deploy Vote Connect Global in Asia 29 July 2024UK Reporter: Clelia Frondaroli
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Deutsche Bank has launched Proxymity’s Vote Connect Global (VCG) system in Singapore, becoming the first Proxymity partner to establish the product in Asia.
According to Proxymity, the VCG system will enable the complete coverage of meetings for global financial intermediaries, with the ability to send voting instructions to any local intermediary.
As the demand for accessible digital investor communication grows in Asia, the company says the VCG system will aim to provide enhanced transparency and efficiency in proxy voting with real-time voting data across a network of global markets.
Commenting on the launch, Anand Rengarajan, managing director, global head of sales, and head of Asia Pacific for Deutsche Bank, states: “Deutsche Bank is transforming its post-trade services, and our partnership with Proxymity enables us to craft the latest in class service offerings for our clients.”
Co-Founder and CEO of Proxymity, Dean Little, adds: “We are excited to deliver on our mission to revolutionise investor communication globally to the region. With this partnership, we’re actively solving the challenges faced by shareholders, issuers, and intermediaries”.
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