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Computershare (ASX: CPU) has agreed to acquire BNY Trust Company of Canada from BNY Mellon (NYSE: BK) through its Canadian trust company, demonstrating a strategic move to enhance its corporate trust operation in North America. The acquisition is expected to bring in experienced staff and expand Computershare's capabilities in providing trust and agency services to clients in Canada.
Computershare (ASX: CPU) ha concordato di acquisire BNY Trust Company of Canada da BNY Mellon (NYSE: BK) tramite la sua società fiduciaria canadese, dimostrando una mossa strategica per potenziare le sue operazioni di trust aziendale in Nord America. Si prevede che l'acquisizione porterà personale esperto e amplierà le capacità di Computershare nel fornire servizi fiduciari e di agenzia ai clienti in Canada.
Computershare (ASX: CPU) ha acordado adquirir BNY Trust Company of Canada de BNY Mellon (NYSE: BK) a través de su compañía de fideicomiso canadiense, lo que demuestra un movimiento estratégico para mejorar su operación de fideicomiso corporativo en América del Norte. Se espera que la adquisición traiga personal experimentado y expanda las capacidades de Computershare para ofrecer servicios de fideicomiso y agencia a los clientes en Canadá.
Computershare (ASX: CPU)는 자사의 캐나다 신탁 회사를 통해 BNY Mellon (NYSE: BK)으로부터 BNY Trust Company of Canada를 인수하기로 합의하였으며, 이는 북미에서의 기업 신탁 운영을 강화하는 전략적 움직임을 보여줍니다. 이 인수는 경험 많은 직원을 도입하고 캐나다 내 클라이언트에게 신탁 및 대리 서비스를 제공하는 Computershare의 능력을 확장할 것으로 예상됩니다.
Computershare (ASX: CPU) a convenu d'acquérir BNY Trust Company of Canada de BNY Mellon (NYSE: BK) via sa société fiduciaire canadienne, démontrant ainsi une démarche stratégique pour renforcer son opération de fiducie d'entreprise en Amérique du Nord. L'acquisition devrait apporter du personnel expérimenté et élargir les capacités de Computershare à fournir des services de fiducie et d'agence aux clients au Canada.
Computershare (ASX: CPU) hat zugestimmt, die BNY Trust Company of Canada von BNY Mellon (NYSE: BK) über seine kanadische Treuhandgesellschaft zu erwerben, was einen strategischen Schritt zur Stärkung seiner Unternehmens-Treuhandoperationen in Nordamerika darstellt. Es wird erwartet, dass die Übernahme erfahrenes Personal mit sich bringt und die Fähigkeiten von Computershare erweitert, Treuhand- und Agentur-Dienstleistungen für Kunden in Kanada anzubieten.
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NEW YORK--(BUSINESS WIRE)--
Computershare Limited (ASX: CPU) has announced that it has agreed to acquire BNY Trust Company of Canada from BNY Mellon (NYSE: BK) through its Canadian trust company, Computershare Trust Company of Canada.
BNY Trust Company of Canada was established in 2001 and offers a range of trust and agency services in Canada to clients, including issuers, corporations, banks and government entities.
“We’re delighted to be bringing the experienced team at BNY Trust Company of Canada on board,” said Frank Madonna, CEO of Computershare Corporate Trust.
“The acquisition is squarely in line with our core strategy of building the scale and capability of our corporate trust operation and demonstrates our commitment to the provision of corporate trust services in North America.”
"Computershare is the right choice for BNY Trust Company of Canada, and we are confident in their ability to ensure our clients continue to receive best-in-class service. In turn, we remain fully focused and committed to our global Corporate Trust franchise outside Canada,” said Cécile Nagel, Global Head of Corporate Trust, BNY Mellon.
“We’ve invested heavily in our corporate trust business in recent years, including the acquisition and integration of the business from Wells Fargo, and we’re well placed to provide continuity of services through our highly experienced teams and market-leading operations,” said Toni De Luca, Head of Corporate Trust – Canada at Computershare.
BNY Trust Company of Canada is based in Toronto and has a portfolio of around 1,800 corporate trust mandates.
Computershare said it expected all relevant staff members to transfer as part of the deal, with new employees being able to operate from its own Toronto office.
The deal is scheduled to complete in the second half of calendar year 2024, subject to regulatory notifications and approvals and other customary closing conditions.
Computershare and BNY Mellon will work collaboratively to ensure the smooth transition of the business and staff.
Computershare is acquiring BNY Trust Company of Canada.
What services does BNY Trust Company of Canada offer?
BNY Trust Company of Canada offers a range of trust and agency services in Canada to clients, including issuers, corporations, banks, and government entities.
When is the deal expected to complete?
The deal is scheduled to complete in the second half of calendar year 2024, subject to regulatory notifications and approvals and other customary closing conditions.
Where is BNY Trust Company of Canada based?
BNY Trust Company of Canada is based in Toronto.
How many corporate trust mandates does BNY Trust Company of Canada have?
BNY Trust Company of Canada has a portfolio of around 1,800 corporate trust mandates.
