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ProxymitySM, the digital investor communications platform developed within Citi’s Institutional Clients Group, announced today that it has raised $20.5 million in a strategic round of investment and will form its own entity via a global, industry-led consortium. The consortium brings together the leading global and direct custodians and the leading issuer agents ensuring unparalleled, instant access to the world’s leading investors and companies. BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street comprise the newly formed Proxymity consortium.
These global institutions are committed to delivering Proxymity’s vision of enhancing the investor communications ecosystem and providing significant benefits to the global market....
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