Kas Bank to adopt ADP ICS e-proxy voting service

Kas Bank to adopt ADP ICS e-proxy voting service

Dutch financial services firm Kas Bank has signed up to ADP Investor Communication Services'(ICS) global electronic proxy voting service.

ADP ICS says its ProxyEdge software tools will enable Kas Bank clients to virtually eliminate paper from the proxy voting process from notification through to vote execution.

The platform supports multi-language operations and includes independent sources of proxy voting research and guidance from third party providers.

In 2005, ICS Global processed ballots representing roughly 829 billion shares across 69 markets.

Ronald Buisman, head of custody services, Kas Bank, says: "The appointment of ADP ICS's global proxy voting services is undertaken following a significant, in depth, evaluation process. KAS Bank is confident that ADP is the provider best equipped to complement Kas Bank's ideals of service excellence within the custody market."

The service is scheduled to go live in March.

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