19 August 2017
Find out more

Computershare acquires Merrill ESPP business

20 November 2000  |  3428 views  |  0 Computershare acquires Merrill ESPP business

Merrill Lynch has hived off its Employee Stock Purchase Plan business to Australian securities software provider Computershare.

Under the agreement, Computershare is to provide technology, administration and other shareholder services to more than 300 of Merrill Lynch's ESPP clients, who will be integrated into its existing employee-share-plan business. Merrill Lynch will continue to provide brokerage, clearance and settlement services.

Computershare says it will extend employment offers to Merrill Lynch's ESPP staff of approximately 100 in both Somerset, NJ, and Denver.

Mac Gardner, senior vice president of Merrill Lynch's benefits and investment solutions group comments: "We chose to enter this alliance with Computershare quite simply because we feel our clients will benefit from the company's financial strength, superior global technology platform and focus on shareholder services."

The closing of the transaction, which is subject to regulatory and other conventional contingencies, is scheduled for December.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Merrill to implement Getronics invoicing system

Merrill to implement Getronics invoicing system

10 November 2000  |  2941 views  |  0 comments
Merrill unveils cross-border trade execution service

Merrill unveils cross-border trade execution service

30 October 2000  |  3008 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8162 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7462 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6408 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6157 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6006 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job