LONDON and PARIS, Jan. 5,
2021 /PRNewswire/ -- Broadridge Financial Solutions,
Inc. (NYSE:BR), a global Fintech leader, has announced its
collaboration with SLIB, a leading-edge software vendor in
electronic voting and security services based in France, to offer a joint, cross-border proxy
voting solution for Shareholder Rights Directive II (SRD II)
compliance, covering European shareholder meetings.
Designed specifically for French intermediaries, including the
retail sector, the fully automated, end-to-end solution will
leverage Broadridge's industry-leading Global Proxy solution and
includes an STP connection to SLIB's Votaccess®, the leading
electronic voting platform in France, which manages in excess of 80% of CAC
40 companies' General Meetings.
This Broadridge-SLIB alliance will enable the distribution of
meeting agendas for European shareholder meetings, as well as
process and count votes from French shareholders in a seamless
service, unique to the French market.
"We are delighted to partner with SLIB to help French
intermediaries meet their regulatory obligations at such a vital
time," said Demi Derem, general manager of Broadridge's
International Investor Communication Solutions. "In an
investor communications environment that has been dominated by
heavily manual processes, this collaboration will help the French
market realise significant efficiencies when it comes to vote
processing across European shareholder meetings, and take the lead
when it comes to compliance with SRD II."
The Broadridge and SLIB solution will for the first time allow
French retail intermediaries to offer proactive proxy voting
services to shareholders where they can be notified of shareholder
meetings for European companies and exercise voting rights
seamlessly. The solution is fully integrated into client workflows
and will be available ahead of the 2021 proxy season, the first
proxy season where SRD II compliance is compulsory.
"This is a landmark initiative and brings together the leading
provider of global proxy solutions in Broadridge, with our unique
Votaccess platform, the electronic voting solution leader in the
French market," said Philippe
Cognet, CEO, SLIB. "With deep expertise and robust investor
communications governance models with the main banking actors,
Broadridge represents an ideal partner to bring this innovative
solution to market."
SRD II went live on 4th September 2020 and is global in its scope,
impacting any financial intermediary that holds or services
European equities, irrespective of where the intermediary firm is
located. It applies to all types of financial intermediaries,
including banks and brokers, wealth managers and central securities
depositaries (CSDs).
Broadridge has received unprecedented international demand for
its multi-segment, award-winning SRD II solution and has already
carried out over 100 live client implementations, with a further
100-plus now underway. These clients, which are based both within
and outside of Europe, include
both retail- and institutional-focused firms, encompassing multiple
tier-one banks, brokers and wealth managers.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR), a $4.5
billion global Fintech leader, is a leading provider of
investor communications and technology-driven solutions to banks,
broker-dealers, asset and wealth managers and corporate issuers.
Broadridge's infrastructure underpins proxy voting services for
over 50 percent of public companies and mutual funds globally, and
processes on average more than U.S. $10 trillion in fixed income and equity
securities trades per day. Broadridge is part of the S&P 500®
Index and employs over 12,000 associates in 17 countries.
For more information about Broadridge, please
visit www.broadridge.com
About SLIB
SLIB is the leading software solutions provider for register
& electronic voting, risk and post-trade markets.
SLIB supports the evolution of the security business in
France and abroad, by publishing
innovative software solutions enabling investment service providers
to streamline their process, while mastering the risks associated
to their activities.
SLIB is also Votaccess Operator, an essential platform for the
digitalisation of General Meeting and electronic vote collection
during the pre-General Meeting phase.
To offer even more innovative solutions, SLIB relies on TheLab,
its research and development department dedicated to Blockchain and
artificial intelligence solutions.
Investors:
W. Edings Thibault
Investor Relations
+ 1 516-472-5129
Edings.thibault@broadridge.com
Media:
Gregg
Rosenberg
Corporate Communications
+1 212-918-6966
Gregg.rosenberg@broadridge.com
SLIB
Aurélie Dettwyler
Marketing & Communication Director
+ 33 6 27 56 65 06
aurelie.dettwyler@slib.com
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SOURCE Broadridge Financial Solutions, Inc.