The Equiniti Group, a leading UK financial and business services provider, and the UKs largest provider of shareholder services to FTSE 100 companies, has acquired the Corporate and Employee Services division of NatWest Stockbrokers for an undisclosed sum.
With an extensive client list, including over 30 FTSE100 constituents, the newly acquired Corporate and Employee Services division will form part of Equiniti’s long established Investment Services business.
Corporate and Employee Services is a specialist corporate share plan stockbroking team. It provides dealing services for participants in all forms of share-based remuneration schemes and has been a leading and successful operator in this segment of the market for many years.
Wayne Story, CEO of the Equiniti Group commented: “The acquisition of NatWest Stockbrokers’ Corporate and Employee Services dealing division is an important element of the Equiniti Group’s continuing programme of selective investment in the financial services area."
“The addition of Corporate and Employee Services will build upon our existing service offering and the new team will bring a wealth of experience that will complement Equiniti’s existing operations, further enabling us to provide our clients with an extensive range of brokerage and investment services.”
Stuart Welch, CEO of NatWest Stockbrokers added: “We are confident that the sale of this niche part of NatWest Stockbrokers to the Equiniti Group will see the high level of service and transactional reputation continued and indeed enhanced."
“We will work with them to ensure that a smooth transition of personnel, processes and products takes place to provide continuity of service to our clients."
Notes to Editors
Corporate and Employee Services provides share transaction services to directors and employees of listed companies who participate in share-based remuneration and option schemes.
All Corporate and Employee Services employees are moving to the Equiniti Group with no job losses.
Corporate and Employee Services will continue trading under the same name, using the same NatWest Stockbrokers’ branding and documentation for a transitional period. During this period, Corporate and Employee Services will act as an agent to NatWest Stockbrokers but will be owned by the Equiniti Group.