Computershare acquires SocGen's SG Vestia
01 April 2014 | 2083 views | 0
Computershare Limited (CPU.AX) has acquired SG Vestia Systems Inc. ('SG Vestia') from Société Générale S.A. (GLE.PA). SG Vestia provides employee equity plan administration services to North American and European clients.
"We are pleased to build upon our significant presence in Canada and look forward to welcoming SG Vestia clients to Computershare," said David Nugent, Senior Vice President of Computershare Plan Managers Canada. "SG Vestia clients will benefit from our focus on exceptional client servicing, technology, and full suite of equity plan administration solutions."
Computershare has extensive integration experience from acquisitions over the past decade, and continues to apply best practices to offer clients industry-leading services and solutions.
Richard Roger, Head of Société Générale Securities Services (SGSS) Corporate Segment said, "In line with the SGSS strategy of focusing on its core EMEA geographies, we are pleased to have found a specialized partner that will continue to offer Société Générale and its clients high quality share registry and shareholder administration services in North America. In Computershare, we have found a committed partner that will also execute the transition sensitively and continue to invest in the acquired business."
"This acquisition provides a wonderful opportunity to expand our global equity compensation business," said Wayne Newling, President of Computershare Canada. "With our extensive experience integrating similar businesses around the globe, SG Vestia clients and their stakeholders can count on Computershare to successfully meet their needs."