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: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

Enforcement Targeting Weak Control Design – The GRC Fault Line

Recent enforcement actions point to sharpened regulatory expectations for evidence of controls capable of preventing, detecting, escalating, and correcting risk. Where firms are falling short, enforcement is landing on design, governance, and oversight failures. Across trading surveillance, client onboarding and valuation governance, regulators are drawing the same distinction between having controls on paper and having...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulation and Risk as Data Management Drivers

A-Team Group recently held a webinar on the topic of Regulation and Risk as Data Management Drivers. Fill in the form to get immediate access to the accompanying Special Report. Alongside death and taxes, perhaps the only other certainty in life is that regulation of the financial markets will increase in future years. How do...