Link Market Services, a provider of share registry and associated value-added services in Australasia, has agreed to buy Deutsche Bank’s registrar services GmbH.
Under the agreement, Link will acquire 100% of registrar services GmbH, a wholly-owned subsidiary of Deutsche Bank and part of its Global Transaction Banking division.
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Link declined to disclose how much it would pay for registrar services.
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 US and Canada.
Satvinder Singh, head of trust and securities services and cash management for 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."
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