ADP Provides Proxy Voting Services For KAS Bank

ADP Investor Communication Services (ADP ICS), a division of Automatic Data Processing's brokerage services group, announced that KAS BANK NV will start live operations with ADP ICS's electronic proxy services for worldwide markets from March 2006. The service enables clients,

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ADP Investor Communication Services (ADP ICS), a division of Automatic Data Processing’s brokerage services group, announced that KAS BANK NV will start live operations with ADP ICS’s electronic proxy services for worldwide markets from March 2006.

The service enables clients, through ADP’s ProxyEdge range of software tools, the ability to virtually eliminate paper from the proxy voting process from notification through to vote execution. The platform supports multi-language operations and also includes several independent sources of proxy voting research and advice from third party providers that support integration of their material on the platform.

“The appointment of ADP ICS’s global proxy voting services is undertaken following a significant, in depth, evaluation process,” said Ronald Buisman, head of custody services, KAS Bank. “KAS BANK NV is confident that ADP is the provider best equipped to complement KAS BANK’s ideals of service excellence within the custody market.”

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