Computershare Acquires Transfer Agency Business of National City Bank
August 03 2009 - 7:00AM
PR Newswire (US)
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/
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