German banking and securities services provider DekaBank has selected Broadridge’s hub solutions for Shareholder Rights Directive (SRD II) compliance.
Broadridge’s solutions will support DekaBank’s expanding European client base, consisting of German savings banks and DekaBank’s own private bank.
Broadridge’s global proxy voting and shareholder disclosure hub solutions support the shareholder communication lifecycle, allowing for day-to-day capture and distribution and same-day proxy vote processing and confirmations. The solution also provides investor communications, and European client data storage.
SRD II aims to increase accuracy and transparency for communications between share-issuing companies and their investors, making the process more efficient and promoting greater shareholder engagement.
Demi Derem, general manager of international investor communications solutions at Broadridge, says: “DekaBank’s broad network of clients and investors will benefit directly from high levels of straight-through processing efficiency, our local market digital connectivity, and rich system functionality, which provide unparalleled transparency and an improved window for market voting deadlines.”
Benedikt Arendt, project manager at DekaBank, comments: “Through our close collaboration, the deployment of next generation technology, and the support of Broadridge’s exceptional local-language domain experts, we are able to raise efficiency levels throughout the chain of communications while helping to empower our customers and their end-clients.”
