This partnership brings together Proxymity’s digital voting platform and Tumelo’s pass-through voting technology to set a new benchmark in shareholder communications. 

September 10 2024, London, U.K. – Proxymity, a global leader in digital investor communications, has announced a strategic partnership with Tumelo, experts in pass-through voting technology. This collaboration aims to redefine the standard for shareholder engagement, transparency, and corporate governance across the custody chain. 

Proxymity’s digital proxy voting platform, trusted by over 80% of the FTSE 100 and major global financial institutions, will now integrate with Tumelo’s scalable pass-through voting technology, empowering investors in pooled funds to directly vote their shares. This seamless combination enhances engagement between corporates and shareholders, providing investors with more control over their voting rights and boosting participation in corporate governance without adding operational complexity to asset managers. 

Dean Little, Co-Founder and CEO, Proxymity, said: “We are thrilled to partner with Tumelo to allow investors to benefit from the combination of Tumelo’s pass-through voting technology with Proxymity’s proven proxy voting capabilities. This collaboration underscores our commitment to transform shareholder communications for the benefit of the entire ecosystem. Together, we are setting a new standard for transparency and efficiency in the industry.” 

Georgia Stewart, CEO, Tumelo, added: “We are thrilled to collaborate with Proxymity, enabling investors to customise voting and ensure their voices are consistently represented across their portfolios. With Proxymity providing the infrastructure and Tumelo the customisation, this partnership shows the immense potential for leaders in stewardship to harness new voting technology for better outcomes.” 

This partnership will be available across both firms’ client bases, including Proxymity’s work with major global custodians such as Citi Bank, BNY Mellon, HSBC, JP Morgan, and State Street. It highlights Proxymity’s commitment to innovation in shareholder communications, setting a new benchmark in the industry. 

This story was originally published on Newswire.