About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Union Bank Live on Broadridge’s International Proxy Processing Services To Manage Its International Proxy Business

Subscribe to our newsletter

Broadridge Financial Solutions, today announced that Union Bank has commenced live operations on Broadridge’s Global Proxy processing solution across its Institutional Trust & Custody Services group.

Union Bank, already a user of Broadridge’s domestic proxy processing services in the US, is now using Broadridge’s Global Proxy outsourcing solution for international proxy management. Union Bank’s institutional custody clients can now receive and vote proxy notifications for international securities through Broadridge’s web-based ProxyEdge service. The service includes a fully automated, multi-language electronic solution supporting straight-through processing from account collection and agenda distribution through vote processing, covering 62 markets initially.

Through Broadridge, Union Bank’s clients now benefit from streamlined processing through online receipt of ballots, record keeping, and compliance reporting. Optional email alerts are available for new and amended meetings, or for un-voted meetings approaching voting deadlines. Users benefit from a display of market specific information (for example, account level Power of Attorney status, blocking markets and split/partial voting indicators including access to an online Market Information Guide). In addition, the ProxyEdge solution also has the ability to re-direct ballots to, and receive votes from, any vote agent Union Bank’s clients may choose to outsource to.

A further optional feature is the ability to fully integrate and display vote recommendations and research. Users have a choice of vote recommendation services from a range of providers.

“We are very pleased to be working with Broadridge – our implementation project has been a great success, coming in on time and within budget,” said Union Bank senior vice president Marianne Bamonte, business manager, Institutional Trust & Custody Services. “The service enables us to operate more efficiently while offering our institutional clients a more comprehensive range of services, including independent vote recommendations,” she added.

“Broadridge is delighted and proud to welcome Union Bank as a new client for our global service. As investors continue to extend their global portfolios we are strategically positioned to satisfy governance requirements,” said James O’Regan, general manager, Investor Communication Solutions, International, Broadridge.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

Anthropic’s Financial Industry Claude Iteration Aimed at Easing AI Adoption

Large language model (LLM) builder Anthropic may have the solution to assuaging financial institutions’ doubts about generative artificial intelligence deployment in their analytics and decision-making workflows, having created a model that has been designed specifically for the industry. Claude for Financial Services, part of the San Francisco-based company’s Claude for Enterprise suite, comprises capabilities that...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...