Caceis Bank partners with Broadridge to go live on their SRD II solution

By Joy Dumasia

Caceis Bank, Germany Branch has selected global FinTech Broadridge Financial Solutions, Inc. to provide it with a full suite of advanced solutions. Caceis is running live on Broadridge’s SRD II solutions, enabling it to address the Directive’s requirements for increased governance and transparency through a strategic, end-to-end process for voting and disclosure across all in-scope European markets.

Caceis uses Broadridge’s enhanced Global Proxy Voting platform for its German domestic and cross-border custody operations, benefitting from high levels of straight-through processing efficiency throughout the voting lifecycle for its broad network of bank and broker intermediaries direct retail and institutional investor clients.

The bank is also using Broadridge’s new Shareholder Disclosure Hub, both in Germany and more widely across the Caceis Group, enabling it to meet issuer requests for shareholder details within the tight deadlines mandated by the Directive.

Broadridge’s enhanced Global Proxy solution utilises a white-labelled retail voting platform, ProxyVote, as well as its multi-custodial institutional voting platform, ProxyEdge. It enables same-day event capture and distribution, same-day proxy vote processing and vote confirmations, advanced multi-channel retail functionality and European client data storage.

Stéphane Arvor, Member of the German Executive Committee and responsible for Information Technologies, Caceis Bank S.A., Germany Branch, said: “We welcome and fully support the heightened levels of corporate governance introduced through SRD II, together with its objectives for improved communication standards between issuers and investors, and the drive for greater shareholder engagement.”

IBS Intelligence reported that Financial technology provider FIS had signed a long-term agreement with CACEIS, jointly owned by Credit Agricole and Santander. This is to provide the asset servicing firm with an enhanced payment hub to industrialise payment operations, reduce processing costs and provide a smooth payment experience.