Computershare Limited (ASX:CPU) is pleased to announce that it has completed the acquisition of the assets of Wells Fargo Corporate Trust Services (“CTS”), originally announced on March 23, 2021.
The business, which will now be known as Computershare Corporate Trust, includes around 2,000 employees based across the U.S. who have transferred to Computershare as part of the acquisition. The US corporate trust business line will operate as a standalone business within the overall Computershare organization, and provides a wide variety of trust and agency services in connection with debt securities issued by public and private corporations, government entities, and the banking and securities industries.
The business is annually ranked among the top service providers in most league tables by deal count and dollars serviced and has a best-in-class reputation built on its high-touch approach to client service.
In the United States, the Computershare Corporate Trust business serves more than 14,000 clients and has significant market and product-level expertise that has been built over 85 years of U.S. corporate trust experience.
Computershare’s Frank Madonna will lead the migration of and integration of the Computershare Corporate Trust business into the company.
“I want to thank everyone from both parties who has worked so hard to bring this acquisition to completion,” said Computershare President and CEO Stuart Irving. “This Computershare Corporate Trust business represents our long-term commitment to investment in the corporate trust space, and we look forward to working with our customers to introduce new, technology driven solutions and products.”
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