Morgan Stanley Expands Shareworks in EMEA With Barclays Agreement
October 20 2020 - 08:09AM
Dow Jones News
By Michael Dabaie
Morgan Stanley said it is in an agreement to migrate the
Barclays Global Stock and Rewards business to the Shareworks by
Morgan Stanley stock plan administration platform.
Morgan Stanley said it expects the deal to bring about 40 new
corporate clients to Shareworks, encompassing more than 140,000
stock plan employees.
Barclays' corporate stock plan clients have already been using
Shareworks' stock plan administration services platform for the
past eight years through a white-label arrangement, Morgan Stanley
said.
Shareworks in the Europe, the Middle East and Africa region
provides technology and outsourced services to European issuers
across public and private markets. Prior to the migration of the
Barclays stock plan business, Shareworks' EMEA client base employed
more than 125,000 stock plan participants who hold more than EUR14
billion ($16.5 billion) in stock plan assets.
Morgan Stanley acquired Solium Capital Inc. and its Shareworks
platform in May 2019 and rebranded it as Shareworks by Morgan
Stanley.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 20, 2020 07:54 ET (11:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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