“BoardRoom Australia signs agreement to acquire leading employee share plan business from Solium Capital (Australia) Pty Ltd”
Key Highlights
- BoardRoom Australia to acquire the Australian employee share plan business of Solium Capital (Australia) Pty Ltd (Solium), which trades as Morgan Stanley at Work and Shareworks by Morgan Stanley.
- Solium is a market leading specialist provider of employee share plan (ESP) administration services.
- Expands BoardRoom Australia’s existing ESP presence by providing access to Solium’s ASX200 and private clients.
- Addition of market leading team with extensive industry expertise, building upon BoardRoom’s existing internal capabilities and ensuring consistency of client service.
- Highly complementary to BoardRoom Australia’s existing key service offerings – Share Registry, ESP, Corporate Secretarial and Payroll services – which will benefit existing clients and create opportunity for companies with both domestic and global ESP requirements.
- Solium acquisition presents a unique opportunity for companies within APAC to leverage an ESP solution based on market leading global service with local delivery.
- Positions BoardRoom Australia as one of the leading ESP service providers within the Australian market.
Sydney, Australia, 18th September 2024 – Boardroom Pty Ltd (BoardRoom Australia) is pleased to announce it has signed a binding agreement to acquire the Australian employee share plan operations of Solium Capital (Australia) Pty Ltd from Morgan Stanley. As part of the acquisition, BoardRoom Australia will provide ESP administration services to current Solium clients, whilst also transferring all applicable employees to BoardRoom Australia.
Morgan Stanley acquired the Australian operations of Solium as part of the Solium Capital Inc acquisition in 2019.
BoardRoom Australia’s Chief Executive Officer, Rhett Tregunna said: “We are very excited to announce this key acquisition of one of Australia’s largest specialist providers of ESP services. This clearly aligns with our acquisition strategy of expanding our service offering, increasing our ESP expertise and growing our ESP market presence.”
“We have long admired the Solium team, and we are thrilled to have them join BoardRoom. We are committed to delivering best in market ESP services to current BoardRoom and Solium clients and believe this acquisition will further increase our ability to offer cutting edge solutions, utilising industry-leading technologies and expertise.”
Head of Morgan Stanley at Work APAC, Sally Mulligan, said: “We are excited to be joining BoardRoom Australia, and believe we have found the perfect home for our people and clients, due to our shared vision of innovation, quality, and client satisfaction. Combining our experienced employees along with the technology and service strengths of both companies, marks the beginning of an exciting new chapter”.
The parties will work collaboratively to ensure a smooth transition of the business and staff.
Completion of the transaction is expected to occur over the coming months, subject to customary conditions for a transaction of this nature.
For further information please contact:
George Lygoyris
Chief Commercial Officer – BoardRoom Australia
Boardroom Overview
BoardRoom Australia is part of the BoardRoom Group, a market leading APAC corporate services provider that has operated for over 40 years. Services offered include registry, employee plan administration, corporate secretarial, payroll and business services. With offices in Australia, Singapore, Malaysia, China and Hong Kong, BoardRoom Group services approximately 8,000 clients, this includes multi-national organisations, publicly listed and private entities. BoardRoom Group is known for its focus on utilising its expertise, technology and innovation to deliver service excellence to clients throughout the APAC region. For more information visit www.boardroomlimited.com.au.
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