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Link Market Services to acquire Deutsche Bank subsidiary

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Link Market Services has entered an agreement with Deutsche Bank to acquire its subsidiary, registrar services GmbH.

Link will acquire 100 per cent of registrar services, once the transaction receives the necessary approvals. 

Based in Eschborn, near Frankfurt, registrar services is part of Deutsche Bank’s global transaction banking division and develops features, benefits and services for registered shares and investor relations. 

It also provides general meeting services including mailing and tabulation, shareholder analytics and proxy services in Germany, and has long-standing relationships with large cap companies such as Deutsche Bank. 

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Link Market Services also offers share registry services along with financial services throughout Australasia.

It manages 10 million account records and over 1,000 ASX securities. 

Link Group managing director John McMurtrie said the transaction will broaden the global footprint of Link and increase its exposure to the important EMEA markets. 

“As a leading provider of shareholder services, we are committed to growing this business with alignment to our existing platform,” said Mr McMurtrie. 

Registrar services head of trust and securities Satvinder Singh said the company was pleased to have found a “specialised partner that will continue to offer Deutsche Bank and its clients high quality share registry and shareholder services”.

“In Link, we have found a committed partner that will also execute the transition sensitively and continue to invest in the acquired business,” he said.