Insights | Proxymity

• Proxymity welcomes eight investors, including BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street.

• Proxymity, developed by Citi, to become an independent entity based in London.

• Proxymity to leverage new capital to scale the platform and team, build out its investor communications platform, and expand its services to a wider client base and geography.

London, UK (May 5, 2020)  – Proxymity^SM, the digital investor communications platform developed within Citi’s Institutional Clients Group, announced today that it has raised $20.5 million in a strategic round of investment and will form its own entity via a global, industry-led consortium. The consortium brings together the leading global and direct custodians and the leading issuer agents ensuring unparalleled, instant access to the world’s leading investors and companies. BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street comprise the newly formed Proxymity consortium.

We were  featured in an article in IR Magazine on 20th February, 2020 entitled “Australian companies trial digital AGM voting platform”. They talked about the full roll out of Proxymity’s Proxy Voting Platform into the Australian market .

We were  featured in an article in IR Magazine on 18th September, 2019 entitled “Rewiring the proxy process: Tech firm aims to cut out delays and errors”. They talked about our development of the Proxymity online shareholder investor communications platform with the Citi D10X Accelerator and potential of a digital platform like this in the context of the SRD II regulations that are due to arrive.

We were  featured in an article in The Global Custodian on 28th June, 2018 entitled “Citi and Computershare Collaborate goes live with digital proxy voting platform”. They talked about our development of the Proxymity online shareholder investor communications platform and its collaboration with registrar Computershare.