Deutsche Bank and Link Market Services reach agreement for sale of registrar services GmbH
Deutsche Bank has reached an agreement with Link Market Services (Link), a leading provider of share registry and associated value added services in Australasia, on the sale of registrar services GmbH, a wholly-owned subsidiary of Deutsche Bank.
Under the proposed transaction, Link will acquire 100% of registrar services. The transaction is subject to certain approvals.
Based in Eschborn, near Frankfurt, registrar services is part of Deutsche Bank’s Global Transaction Banking division. The company is a pioneer in share registry services in Germany and has long-standing relationships with large cap companies like Deutsche Bank.
As part of the Link Group global network, Link Market Services is active in share registry, superannuation administration and shareholder and member analytics. In share registry, the Link Group is active in Australia, New Zealand, India and South Africa with a sister company operating in the United States and Canada.
Satvinder Singh, Head of Trust & Securities Services/Cash Management Financial Institutions in Deutsche Bank’s Global Transaction Banking, said: “In line with Deutsche Bank’s strategy of focusing on its core competencies, we are pleased to have found a specialized partner that will continue to offer Deutsche Bank and its clients high quality share registry and shareholder services. In Link, we have found a committed partner that will also execute the transition sensitively and continue to invest in the acquired business.”
John McMurtrie, Managing Director and a Board Member of the Link Group: “This is an exciting transaction for Link as it broadens our global footprint and increases our exposure to the important EMEA market. As a leading provider of shareholder services, we are committed to growing this business with alignment to our existing platform. We look forward to working with Deutsche Bank and its clients.”
