Deutsche Bank has formed an agreement with share registry provider Link Market Services on the sale of Registrar Services GmbH.
Under the agreement, Link will acquire 100 per cent of Registrar Services GmbH, a wholly owned subsidiary of Deutsche Bank.
Link is active in share registry superannuation administration and shareholder and member analytics. It is active in various countries including Australia, New Zealand and India.
"This is an exciting transaction for Link as it broadens our global footprint and increases our exposure to the important EMEA [Europe, Middle East and Africa] market," Link Group managing director John McMurtrie said.
Registry services are part of Deutsche Bank's Global Transaction Banking division, based near Frankfurt.
"We are pleased to have found a specialised partner that will continue to offer Deutsche Bank and its clients high quality share registry and shareholder services," said Satvinder Singh, head of trust & securities services/cash management financial institutions in Deutsche Bank's Global Transaction Banking.
