J.P. Morgan to partner with Equiniti

Tue 01 Jul 2014

Equiniti has announced its acquisition of J.P. Morgan's Corporate Dealing Services business

The Equiniti Group, a leading UK financial and business services provider and the UK’s largest provider of shareholder services to FTSE 100 companies, has exchanged contracts to acquire J.P. Morgan’s Corporate Dealing Services business for an undisclosed sum.  The acquisition is expected to complete on or around 31 August 2014.

The acquired business specifically provides dealing services for participants in all forms of share-based remuneration schemes, and this transaction further increases Equiniti’s presence in the UK market.  As part of the agreement, J.P. Morgan will partner with Equiniti to continue to provide this service to its corporate broking clients.

Equiniti already manages around half of the FTSE 100 companies with respect to their share registration needs.  The business will transfer to Equiniti’s Investment Services division, established over 10 years ago, and which holds in custody £17 billion of customer assets. 

This is a further acquisition by Equiniti in the sector in the past four years.  In 2011, Equiniti acquired the Corporate and Employees Services division of NatWest Stockbrokers and, in 2013, Equiniti acquired Killik’s Employee Services business, a market leading provider of employee and executive share plan services.

Paul Matthews, managing director, Corporate Markets, Equiniti says; “The acquisition of J.P. Morgan’s Corporate Dealing Services business further strengthens our position in this sector.  All of the current staff will transfer to our head office and their skills, experience and knowledge will be an important addition to our team.  The acquisition also supports the Equiniti Group’s continuing programme of selective investment in the financial services area and underlines our credentials for providing the highest levels of service and expertise in the area of brokerage and investment services.”