SIX Securities Services is selling SIX SAG, its business in share register services and general meetings for third parties to bank-independent issuer service provider, Computershare.
Computershare will take over the full SIX SAG business, including its 25 staff members, in an acquisition expected to be completed in Q4 2015.
Along with share registry, special register services and conducting general meetings, SIX SAG assumes administrative tasks on behalf of clients, allowing them to focus on their core business. Under Computershare, these clients will gain access to additional products and specialist services.
Thomas Zeeb, division CEO SIX Securities Services, said: "We are delighted that SIX SAG will be optimally placed under the umbrella of the major international company Computershare to meet growing regulatory requirements, continue to grow and thereby consolidate its leading market position in Switzerland.”
“Its disposal to Computershare not only guarantees continuity but opens up new horizons for our staff and clients by enabling them to capitalise on Computershare's wider spectrum of services."
Steffen Herfurth, CEO for Computershare in Europe, added: “We’re excited to have this opportunity to extend our core businesses further across Europe and look forward to welcoming SAG clients and employees to Computershare.”
“Our ability to add value to this business, given its alignment with our core competencies, provides tremendous opportunities for all SAG clients and their stakeholders.”
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