Proxymity was one of the first initiatives to be launched out of Citi’s London-based Citi D1OX programme, developed by the custody and fund services business.
Tag: corporate actions
Manuel Baptista will work closely with issuers, custodians, intermediaries and institutional investors for proxy voting and corporate actions solutions.
Several complications related to corporate actions, differences in tax regimes and securities law between EU member states, have built barriers to entry for T2S.
New report shows losses exceed a billion dollars annually.
The service will streamline corporate actions, dividend and coupon processing across asset classes, business lines and regions.
In March, Citi’s Proxymity won Global Custodian’s Innovation in Securities Services technology award for its potential to disrupt manual proxy voting processes.
Differences in national rules on corporate actions have been identified as a critical barrier to an integrated EU post-trade environment.
Proxy voting and corporate actions have been touted as the perfect starting point for applying DLT to the post-trade.