J.P. Morgan's Securities Services has gone live on its digital proxy voting platform in Belgium, to be followed by France.
Additional markets planned to go live before the 2022 proxy seasons include Australia and New Zealand, with others set to follow next year.
The platform, powered by Proxymity, enables "golden source" meeting announcements and agendas to be published directly from issuers to investors.
Investors can then send votes in real time to issuers or their agents without the need for manual intervention and receive digital confirmation that their votes have been cast.
For the bank’s Securities Services clients, J.P. Morgan will be able to use Direct-to-Issuer connections in select markets to boost investor voting experiences.
"Investor communications is being transformed by replacing legacy manual processes with smart digital automation," said Hannah Elson, head of global custody, J.P. Morgan's Securities Services. "Working with Proxymity reflects our commitment to providing the most innovative solutions to improve client experience while reducing the cost and complexity of providing even higher levels of service.
“We look forward to being one of the first major global custodians to go live on this platform."
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