POWERED BY MOMENTUM MEDIA
Computershare buys BNY Mellon share services division
Computershare will acquire BNY Mellon’s shareowner services business for US$550 million.
The global data management and transaction processing firm will fund the transaction from available cash resources and new credit lines, Computershare said in a statement to the Australian Securities Exchange.
Two of the firm’s longstanding banking partners have committed to providing up to US$550 in bridging finance. The transaction is still subject to anti-trust clearance, and the firm will be liable for a $30 million reverse break fee payable to BNY Mellon if that clearance is not obtained, Computershare stated.
The integration team will include senior management from both businesses, and specialist Computershare staff from around the world, the firm stated.
Computershare president and chief executive Stuart Crosby described it as the largest transaction in the firm’s history, and added that it would provide the firm with further opportunities to participate in the inevitable upturn in corporate actions and global interest rate cycles.
Recommended for you
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
Market volatility continued to weigh on fund returns last month, with persistent uncertainty making it difficult to pinpoint how returns will fare in April.
The Association of Superannuation Funds of Australia (ASFA) has called for the incoming government to prioritise “certainty and stability” when it comes to super policy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
