Deutsche Bank clients in 10 EU countries are already being serviced by the Proxymity platform for digital proxy voting, the bank states.
As the season for annual general meetings is getting underway, clients using the new platform should be able to benefit from increased speed of vote execution, Deutsche Bank promises in its press release. The 10 nations in play so far are Portugal, Netherlands, Belgium, France, Germany, Austria, Italy, Spain, Hungary and the Czech Republic.
As we noted last year, the Proxymity initiative is driven by a consortium of large players. These are the world’s four largest global custodians BNY Mellon, State Street, JP Morgan and Citi, together with Clearstream, Computershare, Deutsche Bank and HSBC.