back Back

Broadridge and Santander collaborate to transform proxy voting for Spanish market investors

By Joy Dumasia

January 25, 2022

  • Broadridge Financial Solutions
  • Direct Market Solutions
  • DMS
Share

Broadridge Financial Solutions, Inc. announced the live availability of a new Spanish issuer, “golden copy” event notification and vote execution service for the Spanish market. The service, delivered in collaboration with Santander Investment S.A., the leader in Shareholder General Meeting services in Spain, provides a fully automated solution with market-wide coverage. 

The service’s launch in Spain is the latest market-ready extension to Broadridge’s fast-growing Direct Market Solutions (DMS) product suite, which focuses on streamlining traditional voting processes by directly connecting investors and issuers. The service improves market error rates, expands voting windows, and facilitates vote confirmations. It will enable custody banks, brokers and wealth managers operating in Spain to enhance their service offering to their underlying clients while reducing operating costs. The collaboration will also allow all Spanish financial intermediaries to obtain a one-stop-shop SRD II compliance solution without the need for significant integration or change of operating models. 

Luis Antonio Pérez, Executive Director of Corporate Trust Services, Santander Investment, said: “Our collaboration with Broadridge will transform the voting process for the Spanish market through a more direct end-to-end chain of communications between issuers and investors. By removing avoidable steps from the overall lifecycle, the proxy process will become more efficient and less prone to the risks associated with multiple break points.” 

Demi Derem, GM, International Investor Communication Solutions at Broadridge, said: “We are delighted to be partnering with Santander in this innovative market solution designed to improve efficiency and deliver the highest standards of corporate governance in Spain. This is the latest in our ongoing series of local market innovations that focus on industry-leading partnerships aimed at improving the overall voting ecosystem.” 

Recently, IBS Intelligence reported that Broadridge Financial Solutions, Inc. and SLIB, a leading-edge software vendor in electronic voting and securities services based in France, have announced the live operational running of their joint cross-border proxy voting solution. 

Previous Article

January 25, 2022

Saxo Markets UK grows senior management team with COO appointment

Read More
Next Article

January 25, 2022

Stratton Equities announces partnership with Lendsmart

Read More









IBSi Daily News Analysis

Middle East, Egypt

January 16, 2024

Broadridge Financial Solutions

Egypt among top remittance recipient countries in 2023: World Bank

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

January 15, 2024

Synpulse appoints Marouane Bakhtar as Head of UK

Read More

January 15, 2024

Payhawk and Astrid & Miyu collaborate on podcast for entrepreneurs

Read More

January 08, 2024

iGTB featured in IBS Intelligence case study on Vietcombank’s Cashup program

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023