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Expands Computershare's diverse client base
NEW YORK, Aug. 3 /PRNewswire/ -- Computershare Limited (ASX:CPU), a leading financial services provider for the global securities industry, today announced it has acquired the transfer agent business of National City Bank (National City), a subsidiary of The PNC Financial Services Group, Inc. (NYSE: PNC). National City is a provider of transfer agent services to approximately 155 companies and their 500,000 registered shareholders.
The acquisition of National City's transfer agent business will extend Computershare's diversified client base with additional small- to large-cap companies, including several notable brands represented on all three major stock exchanges and on industry lists such as the Fortune 100. National City currently serves stock transfer clients from its Cleveland, Ohio, location where Computershare also maintains an office. Both companies will work closely together to seamlessly transition client servicing between the two locations.
"We are extremely pleased with the acquisition, and we look forward to providing premier shareholder service to National City clients while expanding these service options with our unique global offering," said Steve Rothbloom, President and CEO of Computershare's US region. "This acquisition illustrates how Computershare is committed to the stock transfer business and will continue to be a part of the industry's evolution."
Computershare's exceptional service delivery is enabled by the size and scale of its worldwide operations and through its unique approach to the marketplace. Computershare has a history of creating and offering the most innovative and comprehensive services available in the business.
About Computershare
Computershare (ASX:CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialize in corporate trust services, tax voucher solutions, bankruptcy administration and a range of other diversified financial and governance services. Founded in 1978, Computershare is renowned for its expertise in data management, high volume transaction processing, payments and stakeholder engagement. Many of the world's leading organizations use these core competencies to help maximize the value of relationships with their investors, employees, creditors, members and customers. Computershare is represented in all major financial markets and has over 10,000 employees worldwide. For more information, visit http://www.computershare.com/.
About The PNC Financial Services Group, Inc.
The PNC Financial Services Group, Inc. (http://www.pnc.com/) is one of the nation's largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.
Contacts:
Juli Bark
EVP, Marketing
Tel: 1 312 588 4249
Jeff Stein
Media Relations, Marketing
Tel: 1 212 805 7271
DATASOURCE: Computershare Limited
CONTACT: Juli Bark, EVP, Marketing, +1-312-588-4249,
, or Jeff Stein, Media Relations, Marketing,
+1-212-805-7271, , both of Computershare Limited
Web Site: http://www.computershare.com/
http://www.pnc.com/