15 December 2017
visit www.avoka.com

SIX Securities offloads share registry business to Computershare

10 July 2015  |  3406 views  |  0 Source: SIX Group

SIX Securities Services Ltd is selling SIX SAG Ltd and therefore its business in the areas of share register services and general meetings for third companies.

The disposal will permit SIX Securities Services Ltd to focus even more strongly on its core business. The buyer is Computershare Ltd, the market leader in the area of bank-independent issuer services. Computershare will take over the entire business and workforce of SIX SAG Ltd upon completion of the transaction, scheduled to take place in the fourth quarter of 2015 at the latest.

With its 25 staff, SIX SAG Ltd offers services in the areas of share register and special register services as well as in the preparation and conduct of general meetings. This involves SIX SAG Ltd's assumption of administrative tasks on behalf of its clients, thereby enabling them to focus on their core business. The disposal of SIX SAG Ltd to Computershare creates synergies: clients will have access to an extended range of products that will enable them to adopt an even more professional stance in their dealings with shareholders, clients and staff.

SIX Securities Services Ltd provides a range of post-trade services (clearing, settlement and securities custody) and therefore plays a key role in the Swiss financial market infrastructure. With the disposal of SIX SAG Ltd, SIX Securities Services Ltd will be able to focus more strongly on services connected with its core business.

Thomas Zeeb, Division CEO SIX Securities Services: "We are delighted that SIX SAG Ltd will be optimally placed under the umbrella of the major international company Computershare to meet growing regulatory requirements, continue to grow and thereby consolidate its leading market position in Switzerland. Its disposal to Computershare not only guarantees continuity but opens up new horizons for our staff and clients by enabling them to capitalize on Computershare's wider spectrum of services."

“We’re pleased to be making this acquisition in Switzerland”, said Steffen Herfurth, CEO for Computershare in Continental Europe. “We’re excited to have this opportunity to extend our core businesses further across Europe and look forward to welcoming SAG clients and employees to Computershare. Our ability to add value to this business given its alignment with our core competencies provides tremendous opportunities for all SAG clients and their stakeholders.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.aciworldwide.comvisit www.atos.net

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10296 views comments | 17 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9559 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9035 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7646 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7258 views comments | 15 tweets | 24 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job