Big Banks Invest in Online Shareholder Voting Platform

JPMorgan Chase, HSBC and Deutsche Bank are amongst a group investing $20mn in online shareholder platform Proxymity; the company is being spun out of Citigroup’s venture arm as companies look for solutions to replace in person shareholder meetings during the pandemic; Proxymity has helped to facilitate more than 3,000 meetings since launching in 2017 and is now expecting demand to ratchet up; the new capital will help the company to double headcount in the next six months and aim to start building new products; Jane Karczewski, Head of Global Custody at HSBC Securities Services, said to the FT that “Proxymity reduces operational inefficiencies and would allow the bank to offer a better service to clients.” Financial Times

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.