Proxymity Vote Connect Rolled Out by HSBC in Australia

Proxymity, a leading digital investor communication platform, has announced the deployment of its Proxymity Vote Connect Total product with HSBC in Australia. This marks a significant collaboration between the two, introducing a new era of proxy voting solutions in the Australian market. With plans to extend this service into more regions across Asia Pacific and Europe, this initiative promises to streamline the investor communication process.

The Vote Connect Total service is designed to offer HSBC Australia clients enhanced features for shareholder meetings, including "golden source" meeting announcements, near-real-time ballots, and instant vote delivery. The technology aims to minimize manual interventions, allowing investors to engage more actively with issuers. This move by Proxymity and HSBC heralds a significant improvement in the domain of shareholder democracy, offering a more transparent, accurate, and fast voting process.

Fiona Horsewill, Global Head of Securities Services at HSBC, emphasized the bank's commitment to elevating standards of efficiency and integrity in investor communications. HSBC's broader strategy includes integrating Proxymity's Shareholder Disclosure solution in the United Kingdom, facilitating automated shareholder responses. HSBC Ventures, a strategic investor in Proxymity, highlights the bank's focus on enhancing financial services through emerging technology.