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: Proactive RegTech approaches to fighting financial crime

Financial crime is a global problem that costs the economy trillions of dollars a year, despite best efforts by financial services firms, regulators, and governments to stem the flow. As criminals become more sophisticated in how they commit financial crime, so too must capital markets participants working to challenge criminality and secure the global financial...

BLOG

Moody’s and Google Cloud Partner to Build Large Language Models and Generative AI Apps

Moody’s Corporation and Google Cloud have made a strategic partnership to explore a combination of Moody’s expertise in financial analysis and Google Cloud’s generative AI (gen AI) technologies to help Moody’s customers and employees use large language models (LLMs) to gain financial insights and summarise financial data faster. This is Moody’s second key partnership on...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...