The acquisition will expand Equiniti’s current Employee Benefit Solutions service, enhancing Equiniti’s existing market leading technology platform. Equiniti is focussed on delivering a high quality service to UK PLCs and supporting them in their global business. This acquisition benefits Equiniti by strengthening the global offering, especially for companies with an international operation; it will also support the growing Global Share Alliance partnership.
John Parker, Managing Director, Shareholder Solutions, Equiniti said: “Equiniti already manages around half of the FTSE 100 companies with respect to their share registration needs and has had a significant increase in demand to also manage companies’ employees share plans and related investment business. The acquisition of Killik Employee Services allows us to further extend this offering, especially in the area of executive benefits, where Killik Employee Services is a market leader. This market leading position is the result of a very talented employee base and a sophisticated technology offering and our business will be strengthened as a result of acquiring both.”
Paul Killik, Senior Partner, Killik & Co: “I am immensely proud of the successful business built by Killik Employee Services over the last thirteen years and believe the synergies created by this deal will enable the business to continue to flourish”.
Martin Osborne-Shaw, Managing Director, Killik Employee Services, added: “Killik Employee Services has gone from strength to strength and has a reputation built on providing excellent service and administration. Managing employee benefit solutions is increasingly technology driven and Equiniti offered us the perfect solution for our clients, both in the UK and internationally. This is an exciting time for both the Employee Services division of Killik & Co and our employees.”
Notes to Editor:
Equiniti is a market leading business process services provider. We support 1,600 of the UK’s leading businesses and public sector institutions, including around half of the FTSE 100. Our core capabilities are centred around complex administration and payment solutions including money transmission, administration and customer interactions delivered by 2,700 employees in 23 UK office locations.
Equiniti is the UK’s leading provider of share registration, retail investor services and employee share plans, acting for around half of the FTSE 100 companies and 36 per cent of the FTSE 250. Equiniti is responsible for 17 million shareholder accounts and over 1 million employees. In 2012 was recognised as the Best Shareholder Services Provider at the Shares Awards.
About Killik & Co
As one of the UK's leading independent financial services groups, Killik & Co provide financial planning, investment management and stock broking services.
The Killik & Co partnership was founded in 1989 and operates from nine branch offices in, and around, Greater London and 1 international branch in Dubai. It looks after approximately £3.5 billion on behalf of over 25,000 private clients.
Killik & Co is a trading name of Killik & Co LLP, a limited liability partnership authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange. Registered in England and Wales No. OC325132 Registered office: 46 Grosvenor Street, London W1K 3HN. A list of Partners and branch offices is available upon request. To telephone all offices please call 020 7337 0400 or see the website at www.killik.com