Morgan Stanley Announces Sale of EMEA-Based Global Stock Plan Services Business
February 27 2013 - 5:48PM
Business Wire
Morgan Stanley (NYSE: MS) today announced that it has reached an
agreement to sell the EMEA-based portion of its Global Stock Plan
Services business (“GSPS EMEA”) to Computershare Limited (ASX:
CPU). The transaction is expected to close during the second
quarter of 2013.
The GSPS EMEA business provides employee stock plan record
keeping and automated trade execution services for some of the
largest companies in the UK and Europe, with trading on 13
exchanges globally. As part of the transaction, it is intended that
Morgan Stanley will continue to provide trade execution services to
existing GSPS EMEA clients and their employees.
“This transaction is the result of our strategic decision to
focus our stock plan service offering on the global needs of
U.S.-based corporations,” said Gregory J. Fleming, President of
Morgan Stanley Wealth Management and Morgan Stanley Investment
Management. “We are planning to make significant investments in the
U.S. business to support our corporate clients and their employees
around the world, and the GSPS EMEA business and clients will
benefit from the scale and expertise of one of the leading players
in the stock plan services market. We look forward to continuing to
provide our trading expertise to both businesses.”
Morgan Stanley is a leading global financial services firm
providing a wide range of investment banking, securities,
investment management and wealth management services. The Firm's
employees serve clients worldwide including corporations,
governments, institutions and individuals from more than 1,200
offices in 43 countries. For further information about Morgan
Stanley, please visit www.morganstanley.com.
Computershare is a publicly traded company listed on the
Australian Securities Exchange since 1994 and employs over 12,000
people across the globe, providing services in over 20 countries to
more than 30,000 clients. Through its equity compensation business,
Computershare Plan Managers, Computershare focuses on the
administration of employee share plans for both public and
privately-held companies. The Plan Managers business currently
services 500 share plan clients worldwide with 5 million
participants in over 130 countries.
Computershare (ASX:CPU)
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