Australian firm extends global footprint
Australian-based Computershare Limited has moved to substantially increase its profile in employee share plan administration with the acquisition of Britain’s HBOS Employee Equity Solutions from Lloyds Banking Group.
Computershare announced the acquisition to the Australian Securities Exchange (ASX) today saying the transaction was valued at 40 million pounds and would be funded by cash and existing debt facilities with the objective of being earnings per share positive in the 2011 financial year.
Commenting on the acquisition, Computershare president and chief executive Stuart Crosby said it would result in Computershare becoming the market leader in employee plan administration in the United Kingdom.
AUTHOR
Mike Taylor
Recommended for you
The FAAA has written to over 2,000 affected members to warn them of the upcoming education deadline with the organisation warning the numbers yet to meet the requirements are “very, very high” with just six weeks to go.
HUB24 has taken an equity stake in Finura Group’s digital arm to accelerate the development of its SaaS platform, triggering the separation of Finura’s advisory business.
Coastal Advice Group has announced a rebrand to mark the next phase of the firm as it pushes to hit a target of 15 acquisitions in FY25-26, expanding its national reach across Australia.
Despite the advent of new advice technologies which promise to streamline the adviser-client relationship, research by Praemium and CoreData has found the trust and human relationship is most valued by clients.
