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EQ fills market gap with launch of dedicated banking team

Wednesday, September 11, 2019
  • EQ launches dedicated practice to service “often-neglected” banking sector.
  • Combines bank specialists from EQ’s transfer agent, proxy governance and equity compensation services.
  • Demand driven by activity in the domestic banking market.

EQ, a leading provider of transfer agent and shareholder services, today announced the creation of a new specialized banking team with a dedicated focus on the U.S. banking market. 

Responding both to client demand and consolidation within the sector, the team, comprised of in-house experts, will provide tailored service to these EQ products:

EQ’s banking heritage positions it well to serve and advise the community banks, savings and loan companies, and credit unions that make up a significant portion of the U.S. banking landscape.

Todd May, EQ CEO, added, "The formation of the specialist banking team clearly shows our commitment to this very important sector of the market. We have a lot of success servicing banks both in the U.S. and U.K. and plan to continue growing our service to them."

The 10-person team will include Tom Cronin, the bank governance veteran who joined EQ in late 2018, and other banking experts across the business. Team members have been handpicked for their expertise spanning all aspects of a bank’s life cycle. EQ has recently completed banking IPOs, first and second step conversions, corporate actions, proxy solicitations and activism defenses.

Tom Kies, Executive Vice President, EQ Proxy, stated, "In the past year, we have assisted over 25 banks with their annual and special meeting needs. Community banks are known for their customer dedication and quality of service, and our team mirrors the same high-quality commitment to service; our history and expertise clearly demonstrate that we are uniquely positioned to serve domestic banks." 

For more information:

Kristin Baker, Director, Demand Generation
Telephone:  612-875-3267

Notes to Editor:

About EQ

EQ provides shareholder services to many of America’s leading companies, helping them with record keeping, dividend payments, plan administration, communications and corporate actions.

We are the part of Equiniti Group, listed on the London Stock Exchange, a global provider of financial solutions which helps businesses operate more effectively and connects people with their financial future. Our global team is over 5,000 strong and comprises of 750 specialists in the delivery of transfer agent services and over a thousand technology professionals. Together, we are responsible for delivering services to some of the world’s most well recognized brands and 29 million of their customers.