Morgan Stanley it has reached an agreement to sell the EMEA-based portion of its Global Stock Plan Services business (GSPS EMEA) to Computershare Limited. The transaction is expected to close during the second quarter of 2013.
The GSPS EMEA business provides employee stock plan record keeping and automated trade execution services for some of the largest companies in the UK and Europe, with trading on 13 exchanges globally. As part of the transaction, it is intended that Morgan Stanley will continue to provide trade execution services to existing GSPS EMEA clients and their employees.
This transaction is the result of the strategic decision to focus on stock plan service offering on the global needs of U.S.-based corporations, said Gregory J. Fleming, President of Morgan Stanley Wealth Management and Morgan Stanley Investment Management.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries.
