“BoardRoom Australia completes acquisition of leading employee share plan business from Solium Capital (Australia) Pty Ltd”
Key Highlights
- BoardRoom Australia has acquired 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, 16th December 2024 – Boardroom Pty Ltd (BoardRoom Australia) is pleased to announce it has finalised the acquisition of the Australian employee share plan operations of Solium Capital (Australia) Pty Ltd from Morgan Stanley. As part of the acquisition, BoardRoom Australia will now be providing ESP administration services to current Solium clients, whilst all applicable employees have transferred to BoardRoom Australia.
BoardRoom Australia’s Chief Executive Officer, Rhett Tregunna said: “We are very excited to finalise 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.”
“Feedback from clients, prospective clients and industry participants, since the acquisition was announced has been very pleasing and reinforces our belief that the combined forces will create a market leading option for ASX companies with domestic and global ESP requirements”
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”.
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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