Selftrade Aquired 961X460

Equiniti acquires assets of Selftrade’s business

03 June 2014

Equiniti and Selftrade announce the transfer of the assets of Selftrade’s business.

Equiniti and Selftrade are delighted to announce that an agreement for the transfer of the assets of Selftrade’s business to Equiniti has been signed, for an undisclosed sum.

Equiniti will acquire Selftrade’s customer portfolio with the transfer expected to be completed in Q4 2014. Selftrade currently has approximately 130,000 stockbroking clients holding £4.2 billion in assets and Equiniti’s Investment Services division, established over 10 years ago, safeguards £17 billion of customer assets.

The Selftrade Board concluded that a smooth transfer of assets to another business would be in the best interest of its customers, as a result of a strategic review of its business. The businesses have been working together for a number of years, with Equiniti providing financial custody and settlement services and the technology platform on which Selftrade is built.

Equiniti will maintain Selftrade’s pricing structure, will ensure a continuity of service and has committed to invest in a new platform that will be developed in line with customer feedback.

Full press release and additional information can be found on the Selftrade website

Find out more

Media Enquiries:

Equiniti PR:

Sophie Lister, Hudson Sandler
Tel: +44 20 7796 4133
Email: equiniti@hudsonsandler.com


 
Selftrade:

Anna Schirmer, Lansons
Tel: +44 207 294 3605 / 07765 567842
Email: selftrade@lansons.com