LAKE SUCCESS, NY -- (MARKET WIRE) -- 12/15/09 --
Broadridge Financial Solutions, Inc.
(NYSE: BR) today announced that Union Bank, N.A., has commenced live
operations on Broadridge's Global Proxy processing solution across its
Institutional Trust & Custody Services group.
Union Bank, already a user of Broadridge's domestic proxy processing
services in the US, is now using Broadridge's Global Proxy outsourcing
solution for international proxy management. Union Bank's institutional
custody clients can now receive and vote proxy notifications for
international securities through Broadridge's web-based ProxyEdge®
service. The service includes a fully-automated, multi-language electronic
solution supporting straight-through processing from account collection and
agenda distribution through vote processing, covering 62 markets initially.
Through Broadridge, Union Bank's clients now benefit from streamlined
processing through online receipt of ballots, record keeping, and
compliance reporting. Optional email alerts are available for new and
amended meetings, or for un-voted meetings approaching voting deadlines.
Users benefit from a display of market specific information (e.g. account
level Power of Attorney status, blocking markets and split/partial voting
indicators including access to an online Market Information Guide). In
addition, the ProxyEdge solution also has the ability to re-direct ballots
to, and receive votes from, any vote agent Union Bank's clients may choose
to outsource to.
A further optional feature is the ability to fully integrate and display
vote recommendations and research. Users have a choice of vote
recommendation services from a range of providers.
"We are very pleased to be working with Broadridge -- our implementation
project has been a great success, coming in on-time and within budget,"
said Union Bank Senior Vice President Marianne Bamonte, Business Manager,
Institutional Trust & Custody Services. "The service enables us to operate
more efficiently while offering our institutional clients a more
comprehensive range of services, including independent vote
recommendations," she added.
"Broadridge is delighted and proud to welcome Union Bank as a new client
for our global service. As investors continue to extend their global
portfolios we are strategically positioned to satisfy governance
requirements," said James O'Regan, General Manager, Investor Communication
Solutions, International, Broadridge.
About Broadridge
Broadridge Financial Solutions, Inc., with over $2.1 billion in revenues in
fiscal year 2009 and more than 40 years of experience, is a leading global
provider of technology-based solutions to the financial services industry.
Our systems and services include investor communication, securities
processing, and clearing and outsourcing solutions. We offer advanced,
integrated systems and services that are dependable, scalable and
cost-efficient. Our systems help reduce the need for clients to make
significant capital investments in operations infrastructure, thereby
allowing them to increase their focus on core business activities. For more
information about Broadridge, please visit www.broadridge.com.
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial
holding company with assets of $78.2 billion at September 30, 2009. Its
primary subsidiary, Union Bank, N.A., is a full-service commercial bank
providing an array of financial services to individuals, small businesses,
middle-market companies, and major corporations. The bank has 337 banking
offices in California, Oregon, Washington and Texas and two international
offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank
of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ
Financial Group, Inc.Union Bank is a proud member of the Mitsubishi UFJ
Financial Group (MUFG) (NYSE: MTU), one of the world's largest financial
organizations. Visit www.unionbank.com for more information.
Media Contacts:
Richard AndersonThe Torrenzano Group
+1 (212) 681 1700, ext. 115
Email Contact
Broadridge Media Contact
Mike West
Vice President, International Marketing
Broadridge Financial Solutions, Ltd.
+44 (0)20 7551 3224
Email Contact