Deutsche and Link enter agreement over sale of registrar services
Deutsche Bank and Link Market Services (Link) have reached an agreement on the sale of Registrar Services GmbH.
Under the agreement, Link will acquire 100 per cent of registrar services GmbH, a wholly-owned subsidiary of Deutsche Bank.
"We are pleased to have found a specialised partner that will continue to offer Deutsche Bank and its clients high quality share registry and shareholder services," said Satvinder Singh, head of trust & securities services/cash management financial institutions in Deutsche Bank's Global Transaction Banking.
"In Link, we have found a committed partner that will also execute the transition sensitively and continue to invest in the acquired business."
Link is active in share registry superannuation administration and shareholder and member analytics. It is active in various countries including Australia, New Zealand and India.
"This is an exciting transaction for Link as it broadens our global footprint and increases our exposure to the important EMEA [Europe, Middle East and Africa] market," Link Group managing director John McMurtrie said.
AUTHOR
Malavika Santhebennur
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