Morgan Stanley Global Stock Plan Services to Partner with Solium Capital; Shareworks Platform Will Provide Leading Technology...
November 17 2016 - 07:00AM
Business Wire
Morgan Stanley (NYSE:MS) today announced its Global Stock Plan
Services business has entered into a definitive agreement to use
Solium Capital Inc.'s (TSX:SUM) Shareworks (™) platform to
administer equity compensation plans for its corporate clients and
their employees. This initiative will combine Morgan Stanley’s
highly regarded wealth management and client service offerings with
Solium’s advanced, cloud-enabled technology to provide a superior
experience for corporate clients and their stock plan
participants.
Under the terms of the agreement, Solium will designate Morgan
Stanley as a preferred provider of wealth management services to
existing Solium clients.
“This dynamic partnership will advance our commitment to
continued leadership in the global stock plan business. By
combining the extensive range of Morgan Stanley’s wealth management
services with superb technology from Solium LLC, one of the fastest
growing global fintech companies focused on equity plans, we look
forward to delivering an exceptional service experience to our
global stock plan clients and their employees,” said Chris
Randazzo, Chief Information Officer and Head of Institutional
Wealth Solutions, Morgan Stanley Wealth Management.
“This milestone agreement in the U.S. marketplace is a strong
endorsement of Shareworks as the premier cloud-based technology
platform for global equity plan administration,” said Marcos Lopez,
Solium’s Chief Executive Officer. “The Shareworks platform’s modern
architecture, rich feature set and international capabilities were
key differentiators for Morgan Stanley as it looked for a
technology solution that would support its share plans business.
This partnership with Morgan Stanley is our largest partnership,
and first with a major wealth manager in the United States. We look
forward to working with Morgan Stanley and further enabling its
leading stock plans business.”
Through this agreement, Morgan Stanley and Solium will create a
transformational stock plan offering that combines the
best-in-class capabilities of two industry leading organizations.
This partnership will advance Morgan Stanley’s ability to respond
to client needs now and in the future by leveraging a modern
technology infrastructure that addresses current plan
administration, reporting and compliance needs while accelerating
future enhancements.
Morgan Stanley will continue a long tradition of providing
exceptional client experiences through its Stock Plan Directors,
Service Delivery Teams, dedicated Financial Advisors, Global
Contact Centers and digital/online channels including mobile.
Morgan Stanley Global Stock Plan Services, in business for more
than 40 years, currently serves over 300 corporate clients,
including 20 percent of Fortune 500 companies, representing
approximately 1.4 million participants in over 150 countries.
Morgan Stanley is a leading financial services firm providing
investment banking, securities, wealth management and investment
management services. With offices in more than 43 countries, the
Firm’s employees serve clients worldwide including corporations,
governments, institutions and individuals. For further information
about Morgan Stanley, please visit www.morganstanley.com.
Solium Capital Inc. provides cloud-enabled services for global
equity administration, financial reporting and compliance. From
offices in the United States, Canada, the United Kingdom, Europe
and Australia, our innovative software-as-a-service (SaaS)
technology powers share plan administration and equity transactions
for more than 3,000 corporate clients with employee participants in
more than 100 countries. Follow us @Solium and visit us at
solium.com.
©2016 Morgan Stanley Smith Barney LLC. Member SIPC. Morgan
Stanley Wealth Management is the trade name.
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For Morgan StanleyMedia Relations:James Wiggins, 914
225-6161
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