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: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Data Lineage the ‘Heartbeat’ of Financial Institutions: Webinar Review

End-to-end lineage that enables robust data traceability is now considered the “heartbeat of an enterprise” and no longer a niche interest of data managers, according to an A-Team LIVE webinar. Focusing on the importance of metadata to two particular use cases – regulatory compliance and artificial intelligence readiness – panellists agreed that without a solid...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

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...