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OMX Securities extends Lawshare services to UK clients

20 July 2005  |  1590 views  |  0 Source: OMX Securities

OMX Securities Limited, a provider of transaction technology, processing and outsourcing solutions for the financial markets, today announced its continued expansion in the UK by adding all of the Lawshare Limited business to its existing client base.

Lawshare is a provider of securities dealing and support services for investment managers.

Lawshare's clients include fund management companies, accountants, private banks, independent financial advisers, stockbrokers, trust companies and pension funds. Lawshare has also been providing clients with collective investment support and international custody. These services will now be combined with OMX Securities Limited's highly automated and service oriented processing business to create an enhanced, end-to-end securities processing service for the UK brokerage and asset management industry.

"We are delighted to add the Lawshare business and client base to the OMX Securities Limited business to create an increased array of services for the UK market. OMX Securities Limited will now have over 70 clients across an array of brokers and other financial firms managing assets and providing brokerage services," said Elizabeth Sipière, head of OMX Technology's Banks & Brokers division.

OMX Securities Limited clients will enjoy enhanced service benefits by leveraging Lawshare's expertise in the processing of collective investment funds and Lawshare's extensive experience of international custody issues will give an immediate boost to OMX's capabilities in this area. The addition of Lawshare staff and the increased efficiency of the combined organisations will enable OMX to sustain its rapid growth without compromising client service. Lawshare clients will benefit from access to an expanded range of value-added services such as portfolio management, investment risk analysis, performance measurement and Capital Gains Tax reporting.

Hans-Christian Iversen, Chairman, Lawshare Limited, said, "We are delighted with the opportunities this presents for our clients to benefit from the efficiency and leading-edge technology OMX's securities processing platform provides."

Final transfer is subject to FSA approval.

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