Dexia BIL, based in Luxembourg, will use ADPâs global proxy products to provide its institutional clients with an end-to-end all electronic global voting solution in 83 markets worldwide.
Dexia BILâs decision to appoint ADP was based on its confidence in ADP's ability to provide comprehensive global proxy processing. "Through our relationship with ADP, we now have a fully automated solution for global proxy services," commented Marc-AndrÃ© Bechet, Head of Business Development at Dexia Fund Services. "We recognise that a comprehensive and fully electronic solution must be an integral part of our service offering as Dexia Fund Services continues to develop its international network of operations and as we continue to establish custody relationships with clients from a broad range of geographic jurisdictions", added Bechet.
"Dexia BIL is a key European-based player in the global custodian arena, and we are very proud to be selected as their proxy service provider," said Bob Schifellite, general manager, ADP Investor Communications Division. "Our relationship with Dexia BIL demonstrates our commitment and expansion into the international market place," continued Schifellite.
ADP offers international banks a combined global proxy and domestic proxy product providing a true outsourcing solution for the provision of proxy announcements and agendas, and vote processing to the institutional investor.