Proxymity and MUFG expand their partnership to Australia
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Proxymity and MUFG expand their partnership to Australia 28 October 2024UK Reporter: Klea Neza
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Proxymity and MUFG Pension & Market Services (MPMS), a dominant administrator of financial ownership data and technology, have expanded their partnership to Australia.
The expansion of the collaboration means that clients of MUFG Corporate Markets, a division of MUFG Pension & Market Services, can now receive custodial votes in Australia through Proxymity’s digital-native platform allowing the delivery of AGM announcements and custodian votes electronically and more efficiently.
The enhanced speed of communication aims to give investors more time to research their vote, enabling voting right up to the meeting deadline, note the firms, leaving ample time for issuers and investors to communicate more effectively ahead of the meeting.
This partnership will enable all issuers who utilise MUFG Corporate Markets’ registry services to receive custodian votes via Proxymity’s platform.
Dean Little, co-founder and CEO of Proxymity, says: “MUFG Pension & Market Services’ connection to the Proxymity platform will improve our client’s ability to communicate effectively with their investors around the world, and is extremely important as issuers and investors navigate the challenges of today’s world.”
Lysa McKenna, CEO of MUFG Corporate Markets, adds: “This expansion of our partnership with Proxymity in Australia will further enhance our commitment to deliver innovative solutions for our clients. By partnering with Proxymity we are providing more streamlined communication between our clients and their institutional investors.
“This partnership aligns us with global best practices through increased transparency and efficiency, empowering our clients to navigate meeting complexities with greater confidence and agility.”
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