HSBC automates shareholder ID requests

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HSBC automates shareholder ID requests

By Alexandra Leonards

15/2/2022

HSBC has is rolling out a new solution that automates shareholder ID requests.

Proximity’s Shareholder ID has been successfully launched in the UK and Europe and will soon be expanded to HSBC clients in Asia.

The new solution ensures that all HSBC disclosure services are compliant with the EU’s SRD II Directive.

“Our collaboration with Proxymity on shareholder disclosures ensures a best practice process for our clients,” said Joe Mernagh, senior product manager, HSBC. “We look forward to working with Proxymity to enhance our disclosure and proxy voting services over the course of 2022.”

HSBC plans to deploy Proxymity’s Vote Connect proxy voting solution later in the year to boost meeting announcements and votes.

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