US investment bank Morgan Stanley has entered into an agreement to dispose of EMEA-based part of its Global Stock Plan Services business (GSPS EMEA) to Computershare, for an undisclosed sum.
Based on the terms of the agreement, the transaction is likely to complete during the second quarter of 2013.
Trading on 13 exchanges internationally, the GSPS EMEA business delivers employee stock plan record keeping and automated trade execution services for some of the largest companies in the UK and Europe.
As part of the agreement, it is expected that Morgan Stanley will remain offering trade execution services to current GSPS EMEA clients and their employees.
Morgan Stanley Wealth Management and Morgan Stanley Investment Management president Gregory Fleming said that the sale will allow the firm to substantially invest in the US business to support its corporate clients and their employees globally.
Managing over 1,200 offices in 43 nations, Morgan Stanley caters an array of investment banking, securities, investment management and wealth management services.
Listed on the Australian Securities Exchange, Computershare employs more than 12,000 staff across the globe, and deliver services in over 20 nations to more than 30,000 clients.