The art of the recovery: How the changing ESG landscape adds alpha — and risk — to securities class action and foreign withholding tax recovery

Ali H. Kazimi, Len A. Lipton and Jeff Lubitz
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Ali H. Kazimi: Managing Director, Hansuke Consulting, UK
Len A. Lipton: Managing Director, GlobeTax, USA
Jeff Lubitz: Managing Director, ISS Securities Class Action Services, USA

Journal of Securities Operations & Custody, 2023, vol. 15, issue 1, 82-91

Abstract: Securities class action recovery and foreign withholding tax reclamation drive investment performance for investors and provide a competitive advantage for financial institutions that offer robust services. Emerging environmental, social and governance trends offer enticing new opportunities for increasing returns from these services while adding complexity and risk for asset servicing professionals. This paper summarises both the emerging opportunities and wider changes in the regulatory landscape, concluding with considerations for restructuring asset servicing business models to adapt to the shifting landscape.

Keywords: withholding tax recovery; class actions; risk management; ESG; operational alpha (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2023
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