Proxymity partners with Tumelo to transform shareholder communications

Proxymity, the leading digital investor communication platform, has announced a groundbreaking partnership with Tumelo, global specialists in pass-through voting. This strategic alliance marks a significant milestone in Proxymity’s mission to enhance shareholder communications, enabling better corporate governance and increased engagement between corporates and investors.

The collaboration will leverage Proxymity’s award-winning, cutting-edge technology to deliver unparalleled transparency, efficiency, and accuracy to the proxy-voting process. Proxymity's platform, trusted by the world's largest financial institutions and over 80% of the FTSE100, offers real-time digital connectivity, ensuring unmatched accuracy and transparency in investor communications globally.

By integrating Tumelo’s powerful pass-through-voting infrastructure, Proxymity will enable institutional and retail investors in pooled funds to directly vote their shares, offering an enhanced level of engagement and influence in corporate governance. Tumelo, known for its innovative and scalable voting technology, has been a trusted name in the field since 2018, providing tailored solutions that meet the unique needs of each investor.

This partnership will bring together Proxymity's innovations in proxy distribution, vote execution and confirmation. Together with Tumelo’s state-of-the-art voting capabilities, the partnership offers an interoperable connectivity that benefits asset managers and asset owners without adding any additional operational complexities. This integration will provide Proxymity clients with the ability to leverage Tumelo’s scalable voting technology, ensuring more inclusive and transparent shareholder participation.

Dean Little, Co-Founder and CEO, Proxymity, said: “We are thrilled to partner with Tumelo to allow investors to benefit from the combination of Tumelo’s pass-through voting technology with Proxymity’s proven proxy voting capabilities. This collaboration underscores our commitment to transform shareholder communications for the benefit of the entire ecosystem. Together, we are setting a new standard for transparency and efficiency in the industry."

Georgia Stewart, CEO, Tumelo, added: "We are thrilled to collaborate with Proxymity, enabling investors to customise voting and ensure their voices are consistently represented across their portfolios. With Proxymity providing the infrastructure and Tumelo the customisation, this partnership shows the immense potential for leaders in stewardship to harness new voting technology for better outcomes."

This partnership will be available across Proxymity and Tumelo’s clients, including Proxymity’s work with leading global custodians, including Citi Bank, BNY Mellon, BNP Paribas, Deutsche Bank, HSBC, JP Morgan and State Street.