NEW YORK, LONDON and MUNICH, July 20,
2021 /PRNewswire/ -- In response to new regulatory
obligations under the updated Shareholder Rights Directive (SRD
II), CACEIS Bank S.A., Germany
Branch has selected global Fintech leader Broadridge Financial
Solutions, Inc. (NYSE:BR) to provide it with a full suite of
advanced solutions for the Directive. Caceis is running live on
Broadridge's SRD II solutions, enabling it to address the
Directive's requirements for increased governance and transparency
through a strategic, end-to-end process for voting and disclosure
across all in-scope European markets.
Caceis is using Broadridge's enhanced Global Proxy Voting
platform for its German domestic and cross-border custody
operations, benefitting from high levels of straight through
processing efficiency throughout the voting lifecycle for its broad
network of bank and broker intermediaries as well as for their
direct retail and institutional investor clients. The bank is also
using Broadridge's new Shareholder Disclosure Hub, both in
Germany and more widely across the
Caceis Group, enabling it to meet issuer requests for shareholder
details within the tight deadlines mandated by the Directive.
"We welcome and fully support the heightened levels of corporate
governance introduced through SRD II, together with its objectives
for improved communication standards between issuers and investors,
and the drive for greater shareholder engagement," said
Stéphane Arvor, Member of the German Executive Committee
and responsible for Information Technologies, Caceis Bank S.A.,
Germany Branch. "Working with Broadridge as our trusted
partner, we have benefitted from their proven global leadership in
proxy vote processing, their deep and highly experienced talent
pool of knowledgeable experts, and their exceptional proposition
that supports both retail and institutional shareholder
communications and their respective multi-channel delivery
requirements."
"Caceis has taken a structured and responsible approach to SRD
II compliance, enabling it to play an important role in advancing
shareholder democracy and market-wide governance standards
throughout the shareholder communications chain," said Demi Derem,
General Manager for International Investor Communications,
Broadridge. "SRD II is global in its scope, impacting any
financial intermediary that holds or services European
equities. Many firms like Caceis, including banks, brokers
and wealth managers, are required to provide voting and disclosure
services for the first time, and it is important that they meet
their new obligations."
Broadridge's enhanced Global Proxy solution utilises a white
labelled retail voting platform, ProxyVote©, as well as
its multi-custodial institutional voting platform,
ProxyEdge©. It enables same-day event capture and
distribution, same-day proxy vote processing and vote
confirmations, advanced multi-channel retail functionality and
European client data storage. Its new Shareholder Disclosure
Hub, an industry-wide digital solution, uses the latest API- and
blockchain-based technologies to address SRD II's new shareholder
disclosure requirements and provide class-leading data
security.
Broadridge has successfully implemented over 300 client
solutions for SRD II, in markets spanning EMEA, North America and Asia Pacific.
About Caceis
CACEIS is the asset servicing banking group of Crédit Agricole
and Santander dedicated to asset managers, insurance companies,
pension funds, banks, private equity and real estate funds, brokers
and corporate clients. Through offices across Europe, North and South America, and Asia, CACEIS offers a broad range of services
covering execution, clearing, forex, securities lending, custody,
depositary and fund administration, fund distribution support,
middle office outsourcing and issuer services. With assets under
custody of €4.2 trillion and assets under administration of €2.2
trillion, CACEIS is a European leader in asset servicing and one of
the major players worldwide (figures as of 31 December 2020).
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with over $4.5 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance, and communications to enable
better financial lives. We deliver technology-driven solutions to
banks, broker-dealers, asset and wealth managers and public
companies. Broadridge's infrastructure serves as a global
communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. In
addition, Broadridge's technology and operations platforms underpin
the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other
securities globally. A certified Great Place to Work®, Broadridge
is a part of the S&P 500® Index, employing over 12,000
associates in 21 countries. For more information about us and what
we can do for you, please visit www.broadridge.com.
Contact Information
Investors:
W. Edings Thibault
Investor Relations
(516) 472-5129
Media:
Gregg
Rosenberg
Corporate Communications
(212) 918-6966
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SOURCE Broadridge Financial Solutions, Inc.