Northern Trust expands partnership with Broadridge for SRD II compliance
01 December 2021 UK
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Northern Trust has expanded its partnership with Broadridge for Shareholder Rights Directive (SRD II) compliance.
Northern Trust will utilise an enhanced version of Broadridge’s Global Proxy Solution and Shareholder Disclosure Hub across Northern Trust’s global asset servicing business to comply with the SRD II regulation.
The shareholder disclosure platform is the first in a suite of new investor communication solutions that Broadridge has developed in collaboration with Northern Trust and other leading banking organisations.
The platform utilises the latest digital technologies, distributed ledger technology and application programming interface to provide real-time connectivity to issuers and financial intermediaries.
Northern Trust will also utilise Broadridge’s SRD II-enhanced Global Proxy platform to support same day meeting distributions, agenda translations, vote processing, vote confirmations and to provide reconciliation tools for chain-of-custody clients.
SRD II sets objectives for intermediaries requiring transmissions of information between shareholders and companies. It has significantly impacted shareholder communications for all EU issuers, investors and intermediaries holding or servicing European equities around the world.
Demi Derem, general manager, investor communication solutions international at Broadridge, says: “We are delighted to expand our strong and collaborative relationship with Northern Trust across our full suite of SRD II solutions and look forward to collaborating further in the future.”
Justin Chapman, global head, market advocacy and innovation research at Northern Trust, comments: “We are pleased to leverage our long-standing relationship with Broadridge – whose team has been instrumental in defining a market-ready SRD II solution for all aspects of voting and disclosure throughout the communications chain.”
Northern Trust will utilise an enhanced version of Broadridge’s Global Proxy Solution and Shareholder Disclosure Hub across Northern Trust’s global asset servicing business to comply with the SRD II regulation.
The shareholder disclosure platform is the first in a suite of new investor communication solutions that Broadridge has developed in collaboration with Northern Trust and other leading banking organisations.
The platform utilises the latest digital technologies, distributed ledger technology and application programming interface to provide real-time connectivity to issuers and financial intermediaries.
Northern Trust will also utilise Broadridge’s SRD II-enhanced Global Proxy platform to support same day meeting distributions, agenda translations, vote processing, vote confirmations and to provide reconciliation tools for chain-of-custody clients.
SRD II sets objectives for intermediaries requiring transmissions of information between shareholders and companies. It has significantly impacted shareholder communications for all EU issuers, investors and intermediaries holding or servicing European equities around the world.
Demi Derem, general manager, investor communication solutions international at Broadridge, says: “We are delighted to expand our strong and collaborative relationship with Northern Trust across our full suite of SRD II solutions and look forward to collaborating further in the future.”
Justin Chapman, global head, market advocacy and innovation research at Northern Trust, comments: “We are pleased to leverage our long-standing relationship with Broadridge – whose team has been instrumental in defining a market-ready SRD II solution for all aspects of voting and disclosure throughout the communications chain.”
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