J.P. Morgan Securities Services has gone live with Proxymity’s digital voting platform in Belgium, set to be followed by France. Additional markets planned to go live before the 2022 proxy seasons include Australia and New Zealand, with others set to follow next year.
J.P. Morgan will be able to use Proxymity's direct-to-issuer connections in select markets and improve investors' voting experience and create more time for them to make critical decisions on their investments, while providing improved transparency.
Via Proxymity's dedicated proprietary connections to issuers and issuer agents, the platform enables ‘golden source’ meeting announcements and agendas to be published directly from issuers to investors.
Investors can then send votes in real time to issuers or their agents without the need for manual intervention and receive true digital confirmation that their votes have been cast, improving communication and transparency for everyone in the ecosystem.
Hannah Elson, head of global custody, J.P. Morgan's Securities Services, says: “Working with Proxymity reflects our commitment to providing the most innovative solutions to improve client experience while reducing the cost and complexity of providing even higher levels of service. We look forward to being one of the first major global custodians to go live on this platform."
Dean Little, co-founder and CEO of Proxymity, comments: "We are proud to be working with J.P. Morgan to extend Proxymity's solutions to their clients across the world. We believe these innovations will help intermediaries continue to grow their businesses and provide the quality of service that has made them so successful to date.”
According to Little, this “fantastic milestone” was made possible by the agility and dedication of the J.P. Morgan and Proxymity teams and is a great example for the industry of what can be achieved through technology and partnership.
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