Proxymity collaborates with Tumelo 10 September 2024UK Reporter: Clelia Frondaroli
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Proxymity has partnered with Tumelo with the aim to deliver transparency and efficiency to the proxy voting process.
The collaboration will integrate Tumelo’s pass-through voting infrastructure with Proxymity’s platform to enable retail investors in pooled funds to directly vote their shares.
This is said to facilitate accuracy and transparency within shareholder communications and will further provide interoperable connectivity for asset managers.
The enhanced platform will be available for both Proxymity and Tumelo's clients along with global custodians, including Citi Bank and BNY.
Dean Little, co-founder and CEO of Proxymity, states: "We are thrilled to partner with Tumelo to allow investors to benefit from the combination of Tumelo's pass-through voting technology with Proxymity's proven proxy voting capabilities. This collaboration underscores our commitment to transform shareholder communications for the benefit of the entire ecosystem."
CEO of Tumelo, Georgia Stewart, emphasises: "With Proxymity providing the infrastructure and Tumelo the customisation, this partnership shows the immense potential for leaders in stewardship to harness new voting technology for better outcomes."
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