In an announcement, Morgan Stanley had reached an agreement to sell the EMEA market of its Global Stock Plan Services . The buyer is Computershare Limited and completion of the sale is expected by second quarter of 2013.
This business of Morgan Stanley provides the employee stock plan to keep records and automate trade execution services to many UK based companies. The system is connected to all thirteen major exchanges worldwide. While the business is sold off, Morgan Stanley would retain trade execution services to existing GSPS EMEA clients as well as employees.
According to Gregory J. Fleming, president of Morgan Stanley Wealth Management and Morgan Stanley Investment Management, "This transaction is the result of our strategic decision to focus our stock plan service on the global needs of US-based corporations. We are planning to make significant investments in the US business to support our corporate clients and their employees around the world and the GSPS EMEA business and clients will benefit from the scale and expertise of one of the leading players in the stock plan services market. We look forward to continuing to provide our trading expertise to both businesses."
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