This expansion transforms digital AGM announcements and investor voting in the market

LONDON, England, October 28, 2024 (Newswire.com) – Proxymity, the leading digital investor communication platform, and MUFG Pension & Market Services (“MPMS”), a dominant administrator of financial ownership data and technology, are pleased to announce the expansion of their partnership to Australia.   

The partnership means that clients of MUFG Corporate Markets, a division of MUFG Pension & Market Services, can now receive custodial votes in Australia through Proxymity’s digital-native platform allowing the delivery of AGM announcements and custodian votes electronically and more efficiently. 

The enhanced speed of communication aims to give investors more time to research their vote, enabling voting right up to the meeting deadline, and leaving ample time for issuers and investors to communicate more effectively ahead of the meeting. 

This partnership will enable all issuers who utilise MUFG Corporate Markets’ registry services to receive custodian votes via Proxymity’s platform. Following Proxymity’s implementation with Citi, J.P.Morgan, and HSBC in Australia, and with over 60% of the issuers in the Australian market expected to connect to Proxymity’s digital network, real-time investor communications between Australian issuers and their institutional investors is now a reality. 

Dean Little, Co-Founder and CEO, Proxymity, said: “Following our successful collaboration in the UK and Ireland, we are pleased to extend our partnership to Australia. MUFG Pension & Market Services’ connection to the Proxymity platform will improve our client’s ability to communicate effectively with their investors around the world, and is extremely important as issuers and investors navigate the challenges of today’s world.” 

Lysa McKenna, CEO, MUFG Corporate Markets, added: “This expansion of our partnership with Proxymity in Australia will further enhance our commitment to deliver innovative solutions for our clients. By partnering with Proxymity we are providing more streamlined communication between our clients and their institutional investors. This partnership aligns us with global best practices through increased transparency and efficiency, empowering our clients to navigate meeting complexities with greater confidence and agility.”

This article was originally published on Newswire.