AST, CST and Wells Fargo join Equiniti's corporate actions alliance

Source: Equiniti

The UK's leading provider of share registration services, Equiniti, has expanded its Global Share Alliance, along with founding partners Link and Tricor, with the addition of North American share registrars AST (American Stock Transfer & Trust Company, LLC), CST (Canadian Stock Transfer Company Inc.) and Wells Fargo Shareowner Services.

The Alliance provides a market-leading technology and financial services offering to globally listed companies.

Equiniti, which serves over 50 per cent of the FTSE 100, established the Global Share Alliance in 2011, along with Link Market Services in Australia and Hong Kong-based Tricor, to support international businesses which require share registration and employee share plan services in multiple territories using a common international platform.

The Alliance, which, with the addition of AST, CST and Wells Fargo, represents over 40 million shareholders worldwide, will provide support in the planning and execution of global corporate actions as well as supplying common management information and reporting services.

Commenting on the announcement, John Parker, Chairman of the Global Share Alliance and Managing Director of Equiniti Shareholder Solutions, said:

"Equiniti is delighted that AST, CST and Wells Fargo have entered into the Global Share Alliance, which now extends to all major capital markets in the world, and further enhances our global offering.

"The Alliance was established to facilitate a holistic approach to corporate actions and all the necessary supporting services. With growing numbers of our UK clients expanding their operations into multiple markets, we have continued to see increased demand for commonality of support internationally. The addition of these new North American partners means that the Alliance can provide clients with the widest possible coverage."

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