The New York office of investment bank Dresdner Kleinwort Wasserstein (DrKW) has signed a multi-year agreement to continue outsourcing the back office processing of its securities transactions via ADP Brokerage Processing Services (BPS).
Under the contract DrKW will continue processing its US domestic equities, options and CDs through ADP.
In addition, the firm's shareholder communications, such as the processing and mailing of proxy notices, prospectuses, confirms and statements, will continue to be supported by ADP's Investor Communication Services Division.