Services for Global Custodians:
As Global Proxy Services Corporation (GPSC), we pioneered 3rd-party transaction processing for major custodians including the Bank of New York, Cedel Bank, Citibank (London & Luxembourg), Barclays Bank (London & NY), National Bank of Detroit, Boston Safe (now Mellon Trust), Brown Brothers Harriman & Co, Bank of Ireland, State Street, IBT (Boston), J P Morgan (Brussels), and many others (see "About us" for a complete list of custodian clients).
Chances are that, in the past 15 years, we have done work for your bank, your clients or your subcustodians.
As GPSC in the 1990's, we delivered consistently accurate and timely notices & agendas for stockholders' meetings at more than 2,500 investee companies, handled tens of thousands of votes (including in tricky markets like Sweden, Thailand, Brazil & Turkey), and produced comprehensive reporting to ensure full compliance in our accounts.
Our client banks trusted us to service over 1,200 of their major accounts directly with a unique co-branded service and to process transactions on their behalf directly with their 350+ subcustodians in 54 markets.
Clearly, our background speaks for itself -- a trusted front-office and back-office partner to the world's top custodian banks in the most sensitive high-profile business process outsourcing.
Matrix continues this tradition of service, now focusing on these top areas of interest. Click on any for details below:
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NEW ! 'Virtual subcustody' of alternative assets. |
Your Institutional clients are allocating more and more capital to 'alternative assets' such as private equity / venture funds, hedge funds, funds-of-funds, etc. Although these long-term holdings do not present real settlement or safe-keeping problems, they are notoriously opaque in terms of manager reporting, data on underlying investments, and other types of information clients expect their custodian to report on for other asset classes...
At the same time, smaller institutions and HNWIs are relying increasingly on international unit trusts and mutual funds. Where run by 3rd-party managers, these securities are notoriously troublesome for custodians to settle, process & report on: dealing with 100 outside managers and funds is like dealing with 100 more subcustodians . . .
Matrix has the solution. With our unique Virtual Subcustodian service, you retain full control over all client assets -- we overlay our comprehensive portfolio administration and reporting systems. Your clients benefit and you get the credit!
This service is powered by two unique technology solutions: PRISMS for investors in private equity funds and other partnerships, and FUNDBANK for investors in unit trusts and mutual funds.
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PRISMS: Based on a system we developed for a major multilateral development bank's US$350mm portfolio of private equity fund investments, PRISMS (our Private Equity Securities Management System) maintains comprehensive General Partner, fund & investee data across complex global portfolios of LP interests, tracking asset allocation, exposure, investment performance and other analytic data across a wide and expandable range of yardsticks. PRISMS brings new levels of risk management and portfolio control to private equity LPs! |
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FUNDBANK: Originally designed for a major European bank's private banking operation in Geneva, FUNDBANK supports all aspects of unit trust and mutual fund transactions and reporting for clients who prefer these instruments. |
With both systems, all client output is co-branded and can be integrated with your other custody reports to show aggregated exposures and investment performance by country, region, industry, etc. We also offer a range of SRI, SEE & CSR indicators, screens and reports including private equity -- another Matrix first -- for your socially-oriented accounts.
Keep up with your clients in these fast-growing asset classes!
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Short lead time, quick results |
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No resources tied up in endless in-house development |
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Small investment -- big returns |
NEW ! '212' Response Service
Are you being inundated by "§212" and similar requests from issuers and their IR agents for account details of the beneficial holders behind your nominee names? If so, you may well be tying up scarce human and systems resources in a thankless task.
Based on our extensive experience in managing vast holdings files for custodian clients, we have developed the groundbreaking 212 Response Service. The process is easy:
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your compliance office authorizes us to manage the process on your behalf, |
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Your system is set to upload account holdings daily holdings data to us via our FTP site (part of MatrixNet), and that's it! |
From that point on, we will deal with all registrars and issuers on your behalf from that point forward, handling the entire process and completely relieving you of this needless burden:
Our process:
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receive & manage holdings data from client banks, |
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receive and validate beneficial owner requests (only a percentage of the ones you receive are bona fide - the rest are from IR and shareholder ID firms just trying to pry information out of you for free) using our proprietary database of information about company domiciles and local compliance requirements |
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respond only to the bona fide ones. We will respond directly to the share registrar or issuer on your behalf directly with a file copy to you. |
Our process is simple, dependable, and much more cost effective then dedicating your own staff to matching SEDOLs, ISINs & CUSIPs, switching between custody and accounting systems, manually entering holdings data, printing and sending letters to registrars, and all the rest of it. Our cost is a fraction of what you are spending now - we guarantee it.
Let us take this nightmare off your hands so you can get back to business!
Proxy / Corporate Governance / Corporate Actions Services
International Corporate Governance continues to grow and evolve as a focus area for your institutional investor clients. We continue to offer cutting-edge advisory and processing services covering all aspects of institutional demands in this area:
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Global proxy mechanics & operations |
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International voting policy development |
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Investee relations & interventions |
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SRI -- how to use corporate governance mechanisms to achieve better corporate social responsibility (CSR) |
We have more experience in this special are than anyone else in the industry simply because we invented global proxy processing 15 years ago, and we have done more of it than anyone else.
If you or your clients are not satisfied with how this high-profile area is being handled now, talk to us!
We have been providing bespoke high-level consulting & advisory services to banks since 1981
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Projects have included:
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Let us know what we can do for you this year!
For further information regarding any aspect of our services, please contact Mr. Joseph Lufkin directly at CEO@matrixgroup.us.
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