23 October 2017
Register now

Computershare acquires HBOS employee plan admin business

26 October 2009  |  4000 views  |  0 Source: Computershare

Computershare Limited (ASX:CPU) has today agreed terms for the acquisition of HBOS Employee Equity Solutions (HBOS EES) from Lloyds Banking Group with an expected completion date in December 2009, subject to regulatory approval. HBOS EES is a leading UK based employee share plans provider.

HBOS EES provides a full range of employee share plan administration solutions in more than 100 countries for over 400 clients, covering around 1 million employee shareholders. The acquisition will result in Computershare becoming the market leader in employee plans administration in the UK market.

Stuart Crosby, Computershare's President and CEO said: "The opportunity to acquire this business and integrate it with our existing plans business is an exciting one. Our ability to successfully integrate businesses using our proprietary software systems has been proven in the past and we are confident that our new clients will experience enhanced service."

The integration of HBOS EES with Computershare's business will be managed by Martyn Drake, Managing Director of the UK Employee Share Plan business, who commented: "Having been closely involved with the share plans industry for over eight years, I am delighted to have the opportunity to deliver Computershare's world leading technology solutions to the clients of HBOS EES, building a combined business of unrivalled quality."

Martyn will lead an integration team that will include existing senior staff from Computershare UK and HBOS EES, augmented by specialist Computershare staff drawn from around the globe.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Register nowvisit www.fivedegrees.nlvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
16302 views comments | 18 tweets | 32 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13957 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10287 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10043 views comments | 13 tweets | 10 linkedin

Featured job

New York, NY - USA (some flexibility on location)

Find your next job