Morgan Stanley 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 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.”
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