Morgan Stanley (NYSE: MS) today announced that it has reached an agreement to sell the EMEA-based portion of its Global Stock Plan Services business (“GSPS EMEA”) to Computershare Limited (ASX: CPU). The transaction is expected to close during the second quarter of 2013.
The GSPS EMEA business provides employee stock plan record keeping and automated trade execution services for some of the largest companies in the UK and Europe, with trading on 13 exchanges globally. As part of the transaction, it is intended that Morgan Stanley will continue to provide trade execution services to existing GSPS EMEA clients and their employees.
“This transaction is the result of our strategic decision to focus our stock plan service offering on the global needs of U.S.-based corporations,” said Gregory J. Fleming, President of Morgan Stanley Wealth Management and Morgan Stanley Investment Management. “We are planning to make significant investments in the U.S. business to support our corporate clients and their employees around the world, and the GSPS EMEA business and clients will benefit from the scale and expertise of one of the leading players in the stock plan services market. We look forward to continuing to provide our trading expertise to both businesses.”
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.Computershare is a publicly traded company listed on the Australian Securities Exchange since 1994 and employs over 12,000 people across the globe, providing services in over 20 countries to more than 30,000 clients. Through its equity compensation business, Computershare Plan Managers, Computershare focuses on the administration of employee share plans for both public and privately-held companies. The Plan Managers business currently services 500 share plan clients worldwide with 5 million participants in over 130 countries.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV