Northern Trust Expands Relationship with Broadridge to Support Shareholder Rights Directive II Compliance

Rhea-AI Summary

Broadridge Financial Solutions (NYSE: BR) has announced the delivery of comprehensive investor communication solutions for Shareholder Rights Directive II (SRD II) compliance to Northern Trust. These solutions enhance shareholder communications for EU issuers and their intermediaries. Broadridge's Global Proxy platform, used by Northern Trust, supports real-time connectivity and same-day meeting distributions. With revenues of $5 billion, Broadridge underpins over $9 trillion in daily trading, serving as a global communications hub that links public companies to millions of investors.

Positive

• Successful delivery of SRD II compliance solutions to Northern Trust.
• Collaboration with Northern Trust has improved shareholder disclosure platform design and functionality.
• The Global Proxy platform enhances operational efficiency with features like same-day meeting distributions.

Negative

• None.

NEW YORK and LONDON, Dec. 1, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, has announced it has delivered its full suite of Shareholder Rights Directive (SRD II) compliance investor communication solutions to Northern Trust. These solutions are in use across Northern Trust's global asset servicing business.

SRD II sets clear objectives for intermediaries requiring transmissions of information between shareholders and companies. It has significantly impacted shareholder communications for all EU issuers, investors and intermediaries holding or servicing European equities around the world.

"A primary focus for us is to advise and support our clients through regulatory change," said Justin Chapman, Global Head, Market Advocacy and Innovation Research at Northern Trust. "As we maintain this focus, we are pleased to leverage our long-standing relationship with Broadridge – whose team has been instrumental in defining a market-ready SRD II solution for all aspects of voting and disclosure throughout the communications chain."

Demi Derem, General Manager, Investor Communication Solutions International, Broadridge, added, "Along with other leading global custodians Northern Trust has helped us shape the design and functionality of our new shareholder disclosure platform, which has been created to serve the needs of custodians and all financial intermediaries impacted by SRD II. We are delighted to expand our strong and collaborative relationship with Northern Trust across our full suite of SRD II solutions and look forward to collaborating further in the future."

Northern Trust and Broadridge have explored a range of applications for digital technologies in recent years. The shareholder disclosure platform is the first in a suite of new investor communication solutions that Broadridge has developed in collaboration with Northern Trust and other leading banking organisations, taking ideas from concept to live production readiness in under 18 months. The platform utilises the latest digital technologies, DLT and APIs to provide real-time connectivity to issuers and financial intermediaries.

Northern Trust is also using Broadridge's SRD II-enhanced Global Proxy platform, which supports same day meeting distributions, agenda translations, vote processing, vote confirmations and provides reconciliation tools for chain-of-custody clients.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work^®, Broadridge is part of the S&P 500^® Index, employing over 13,000 associates in 21 countries. For more information about us, please visit broadridge.com.

Contacts:

Investors:

W. Edings Thibault
Head of Investor Relations
Broadridge Financial Solutions, Inc.
+1 516-472-5129
Edings.Thibault@Broadridge.com

Media:

Gregg Rosenberg
Corporate Communications
+1 212-918-6966
Gregg.Rosenberg@Broadridge.com

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is the significance of the SRD II compliance solutions delivered by Broadridge (BR)?

The SRD II compliance solutions enhance shareholder communications for EU issuers and intermediaries, ensuring clear information transmission.

How has Northern Trust benefited from Broadridge's solutions?

Northern Trust has improved its global asset servicing by utilizing Broadridge's shareholder disclosure and proxy platforms.

What is Broadridge's revenue and market position?

Broadridge has $5 billion in revenues and is a leader in financial technology, supporting over $9 trillion in daily trading.

What technologies did Broadridge use for the new shareholder disclosure platform?

The platform utilizes digital technologies, DLT, and APIs to provide real-time connectivity to issuers and financial intermediaries.

What role does Broadridge play in corporate governance?

Broadridge provides critical infrastructure that links public companies and mutual funds to millions of investors, facilitating corporate governance.