State Street rolls out UK digital proxy voting service

by Brandon Russell

Proxymity today announced that State Street has deployed its digital proxy voting service, Vote Connect Total, in the UK and Ireland in time for the 2023 proxy season.

Vote Connect Total, the digital proxy solution powered by Proxymity’s investor communications platform, enables issuers to publish “golden source” meeting announcements and agendas directly to investors.

Investors receive near real-time ballots together with improved deadlines, and instant delivery of votes, allowing investors more time to engage with issuers, without the need for manual intervention, including verifiable proof that their votes have been cast at the meeting.

Proxymity’s deep integration with State Street’s operational teams will provide continued access to state of the art investor relations services for the firm’s clients. The end-to-end digital connection will enable State Street’s clients that invest in the UK and Ireland to significantly extend their voting deadlines while enhancing transparency, accuracy, and speed, all in compliance with current regulations, including the EU Shareholder Rights Directive (SRD II).

Since 2020, State Street has utilised Proxymity’s Shareholder ID solution, which allows the firm to automate its shareholder responses, with full oversight, reporting and exception management processed by Proxymity’s platform.

Chris Rowland, global head of custody at State Street said, “We are delighted to be extending our relationship with Proxymity. We remain committed to bringing solutions to our clients to connect issuers and investors through a transparent, accurate and real-time environment.”

Dean Little, Co-Founder and CEO, Proxymity, said: “We are thrilled to be expanding our partnership with State Street, as a highly valued and integral member of our investor consortium. As we grow our fruitful collaboration in connecting additional markets to the Vote Connect platform, we continue to extend the benefits of truly digital, real-time communication throughout the entire ecosystem.”

Related articles

Latest Articles

M&A move shines spotlight on Gold’s glimmering prospects

M&A move shines spotlight on Gold’s glimmering prospects

Written by Alison Savas, investment director at Antipodes Partners Gold and gold equities are viewed as a safe haven. As a result, they typically exhibit a low correlation to global equities, which is particularly true during drawdowns. However, this is not what...

Inflation – is the end in sight?

Inflation – is the end in sight?

For investment professionals only Author: Ben Lord, M&G Investments As we look ahead to the second half of 2023 we maintain a positive outlook for fixed income markets. With inflation expected to gradually come down, and with the end of the interest rate hiking...

Join our mailing list

Subscribe to our mailing list to receive regular updates!