Broadridge and Santander Collaborate to Transform Proxy Voting for Spanish Market Investors
NEW YORK and LONDON and MADRID, January 25, 2022 /PRNewswire/ — Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the live availability of a new carbon copy event notification and voting execution service for Spanish issuers for the Spanish market. The service, carried out in collaboration with Santander Investment SA, the leader in General Meetings of Shareholders services in Spainprovides a fully automated solution with market-wide coverage.
The launch of the service 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 is designed to improve market error rates, expand voting windows and facilitate vote confirmations. It will enable custodian banks, brokers and wealth managers operating in Spain improve their service offering to their underlying customers while reducing their 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 major integration or a change in operating models.
“Our collaboration with Broadridge will transform the voting process for the Spanish market through a more direct end-to-end communication channel between issuers and investors,” said Luis Antonio Pérez, Executive Director of Corporate Trust Services, Santander Investment. “By removing avoidable steps from the overall lifecycle, the proxy process will become more efficient and less prone to the risks associated with multiple breakpoints.
“We are delighted to partner with Santander on this innovative market solution designed to improve efficiency and provide the highest standards of corporate governance in Spain“, said Demi Derem, GM, International Investor Communication Solutions at Broadridge. “This is the latest in our ongoing series of local market innovations that focus on cutting edge partnerships to improve the ecosystem overall vote.
Broadridge recently announced its expanded proxy processing coverage and extended voting windows for 20 sub-custody markets in 2021, with additional markets to follow in 2022 and 2023. This complements Broadridge’s existing leading global voting solutions. Broadridge who already offer 100% coverage in over 100 markets. .
Broadridge Financial Solutions (NYSE:BR), a global fintech leader with $5 billion in revenue, provides the essential infrastructure that powers investment, corporate governance and communications to improve financial lives. We provide technology-driven solutions that drive business transformation for banks, brokerages, asset and wealth managers, and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by connecting thousands of public companies and mutual funds to tens of millions of individual and institutional investors worldwide. Our technology and operational platforms underpin the day-to-day transactions of more than 9 trillion dollars of equities, fixed income and other securities globally. A certified Great Place to Work®Broadridge is part of the S&P 500® Index, employing more than 13,000 people in 21 countries. For more information about us, please visit broadridge.com.
About Banco Santander
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a significant presence in 10 major markets in the Europe, North America and South America regions and is one of the largest banks in the world by market capitalization. Its purpose is to help people and businesses thrive in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this goal, including raising over €120 billion in green finance between 2019 and 2025, as well as financially empowering over 10 million people over the same period. At the end of the first half of 2021, Banco Santander had €1.1 trillion in total funds, 150 million customers, of which 24.2 million are loyal and 45.3 million are digital, 10,000 branches and 190,000 employees.
W. Edings Thibault
SOURCEBroadridge Financial Solutions, Inc.