/markets

News and resources on capital markets, exchanges, trade execution and post-trade settlement.

TMX closes acquisition of AST Trust Company (Canada)

TMX Group today announced it has completed the acquisition of AST Investor Services Inc. (Canada) and its subsidiary AST Trust Company (Canada), a leading provider of transfer agency, corporate trust, and related services (the "Acquisition").

Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

The total consideration of the Acquisition was $165 million which includes $30 million of cash. The transaction was first announced in September 2020.

The Acquisition is expected to enhance the competitive position of TMX Group's TSX Trust business by adding a complementary portfolio of transfer agency, equity plan solutions, corporate trust, structured finance, and proxy-related services. By broadening the scope and scale of its service offerings, TSX Trust has strengthened its ability to serve the evolving needs of customers across the marketplace and into the future. 

Sponsored [Webinar] Exploring the ethics of AI in banking

Related Company

TMX

Channels

Comments: (0)

[Impact Study] Adding GenAI To Your Fraud Prevention StrategyFinextra Promoted[Impact Study] Adding GenAI To Your Fraud Prevention Strategy