NEW YORK and LONDON, Dec. 1, 2021 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR), a global
Fintech leader, has announced it has delivered its full suite of
Shareholder Rights Directive (SRD II) compliance investor
communication solutions to Northern Trust. These solutions are in
use across Northern Trust's global asset servicing business.
SRD II sets clear 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.
"A primary focus for us is to advise and support our clients
through regulatory change," said Justin
Chapman, Global Head, Market Advocacy and Innovation
Research at Northern Trust. "As we maintain this focus, 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."
Demi Derem, General Manager, Investor Communication Solutions
International, Broadridge, added, "Along with other leading global
custodians Northern Trust has helped us shape the design and
functionality of our new shareholder disclosure platform, which has
been created to serve the needs of custodians and all financial
intermediaries impacted by SRD II. 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."
Northern Trust and Broadridge have explored a range of
applications for digital technologies in recent years. 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, taking ideas from concept to live production
readiness in under 18 months. The platform utilises the latest
digital technologies, DLT and APIs to provide real-time
connectivity to issuers and financial intermediaries.
Northern Trust is also using Broadridge's SRD II-enhanced Global
Proxy platform, which supports same day meeting distributions,
agenda translations, vote processing, vote confirmations and
provides reconciliation tools for chain-of-custody clients.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with $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 that drive business
transformation for 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. Our
technology and operations platforms underpin the daily trading of
more than $9 trillion of equities,
fixed income and other securities globally. A certified Great Place
to Work®, Broadridge is part of the S&P
500® Index, employing over 13,000 associates in 21
countries. For more information about us, please visit
broadridge.com.
Contacts:
Investors:
W. Edings Thibault
Head of Investor Relations
Broadridge Financial Solutions, Inc.
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media:
Gregg Rosenberg
Corporate Communications
+1 212-918-6966
Gregg.Rosenberg@Broadridge.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/northern-trust-expands-relationship-with-broadridge-to-support-shareholder-rights-directive-ii-compliance-301434718.html
SOURCE Broadridge Financial Solutions, Inc.