SINGAPORE and LAKE SUCCESS, N.Y., Oct. 11, 2015 /PRNewswire/ -- Sibos 2015 --
Broadridge Financial Solutions, Inc. (NYSE: BR), a leading provider
of investor communications solutions for broker-dealers, banks,
mutual funds and corporate issuers globally, has expanded its
services to support end-to-end local market proxy processing in
Germany, Italy, Belgium,
Hong Kong, Australia and New
Zealand. The new service, Broadridge Direct Market Solutions
(DMS), is designed to help custodians extend their range of
investor services and more efficiently manage the complexities and
nuances of country-level proxy management.
"Shared services solutions for business functions like proxy
processing are gaining traction in local markets around the world,
as custodians respond to growing pressure from their institutional
investor clients to provide a more transparent and efficient
service to aid the stewardship of their portfolios," said Demi
Derem, general manager, Investor Communication Solutions
International, Broadridge. "Through our DMS service, we are helping
firms manage the complexity and nuances of market-level proxy
management by leveraging our economies of scale and best practices
along the chain of custody."
DMS extends Broadridge's established Global Proxy Management
service, used by over 50 global custodian firms, by adding tailored
market-specific services for use by local or sub-custodians. These
services include: direct sourcing of meeting announcements and
related meeting materials, translation of shareholder materials
from local language to English, and execution of vote instructions
in local markets through direct delivery of both local and
cross-border voting instructions to the central securities
depository (CSD), issuer, issuer's agent or registrar. The
solution delivers transformational levels of efficiency through
process automation, which in turn helps raise governance through an
extended voting window and improved data analytics.
In Europe, local and
sub-custodians, as well as CSDs extending their support across the
asset servicing value chain in response to the TARGET2Securities
(T2S) market infrastructure change, can now use Broadridge's local
services in Germany, Italy and Belgium, as well as its established services
for the UK and Netherlands. In
Asia Pacific, Broadridge is also
launching end-to-end local market proxy services in Hong Kong, Australia and New
Zealand. It already has a proven local proxy processing
service in Japan through a joint
venture with Japan Exchange Group.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR) is the leading provider of investor communications and
technology-driven solutions for broker-dealers, banks, mutual funds
and corporate issuers globally. Broadridge's investor
communications, securities processing and managed services
solutions help clients reduce their capital investments in
operations infrastructure, allowing them to increase their focus on
core business activities. With over 50 years of experience,
Broadridge's infrastructure underpins proxy voting services for
over 90% of public companies and mutual funds in North
America, and processes on average $5 trillion in equity
and fixed income trades per day. Broadridge employs approximately
7,400 full-time associates in 14 countries. For more information
about Broadridge, please visit www.broadridge.com.
Media
Contacts
|
|
Kate
McGann
|
Peggy Wu
|
Broadridge
|
Ryan
Communication
|
Katherine.mcgann@broadridge.com
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peggy@ryancommunication.com
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+1 212 981 1395
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+852 3655 0517
|
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SOURCE Broadridge Financial Solutions, Inc.