Proxymity onboards proxy voting clients with State Street
31 January 2025 UK
Image: Azazul/stock.adobe.com
Proxymity has announced a client migration project with State Street.
State Street will transition a significant portion of proxy voting clients from its existing platform to Proxymity’s investor portal.
The companies say this migration will enable institution investors across multiple markets to use Proxymity’s investor portal.
The firm's digital connectivity across the investor communications ecosystem aims to enhance efficiency, provides real-time transparency, and eliminates artificial deadlines for investors, allowing State Street clients to experience vastly improved transparency while reducing risk.
Proxymity will also aim to provide a seamless interoperable model for clients using vote advisory and pass-through voting agents including Institutional Shareholder Services, Glass Lewis and Tumelo, ensuring full coverage across State Street’s client base.
The next phase of the migration will initially cover 14 markets, including the UK, France, Netherlands, Spain and Australia amongst others, with Germany to follow in March 2025.
Dean Little, CEO and co-founder at Proxymity, says: “This significant milestone showcases our commitment to bringing real-time transparency, efficiency, and accuracy to institutional investor communications. By eliminating manual processes and artificial deadlines, we’re delivering a seamless, more reliable proxy voting experience for State Street’s clients globally. We look forward to continuing this partnership and expanding the benefits of our investor portal.”
Chris Rowland, head of Custody, Digital and Fund Services at State Street, states: “The migration to Proxymity’s investor portal is another important action forward to ensure our clients have access to the most advanced proxy voting technology available. Our experience with Proxymity has demonstrated the benefits of real-time transparency, efficiency, and risk reduction in proxy voting. We are excited to extend this partnership across our global markets, providing our clients with the best-in-class solutions that Proxymity consistently delivers.”
State Street will transition a significant portion of proxy voting clients from its existing platform to Proxymity’s investor portal.
The companies say this migration will enable institution investors across multiple markets to use Proxymity’s investor portal.
The firm's digital connectivity across the investor communications ecosystem aims to enhance efficiency, provides real-time transparency, and eliminates artificial deadlines for investors, allowing State Street clients to experience vastly improved transparency while reducing risk.
Proxymity will also aim to provide a seamless interoperable model for clients using vote advisory and pass-through voting agents including Institutional Shareholder Services, Glass Lewis and Tumelo, ensuring full coverage across State Street’s client base.
The next phase of the migration will initially cover 14 markets, including the UK, France, Netherlands, Spain and Australia amongst others, with Germany to follow in March 2025.
Dean Little, CEO and co-founder at Proxymity, says: “This significant milestone showcases our commitment to bringing real-time transparency, efficiency, and accuracy to institutional investor communications. By eliminating manual processes and artificial deadlines, we’re delivering a seamless, more reliable proxy voting experience for State Street’s clients globally. We look forward to continuing this partnership and expanding the benefits of our investor portal.”
Chris Rowland, head of Custody, Digital and Fund Services at State Street, states: “The migration to Proxymity’s investor portal is another important action forward to ensure our clients have access to the most advanced proxy voting technology available. Our experience with Proxymity has demonstrated the benefits of real-time transparency, efficiency, and risk reduction in proxy voting. We are excited to extend this partnership across our global markets, providing our clients with the best-in-class solutions that Proxymity consistently delivers.”
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