ASX Perpetual Registrars Limited (ASX Perpetual) today announced that it has acquired the plan administration business of Mellon Human Resources & Investor Solutions in Australia (Mellon HR & IS). The acquisition, which encompasses Mellon’s national plan administration offering, has secured its leadership position in the Australian employee share and option plan administration market.
According to ASX Perpetual’s Managing Director John McMurtrie, joining forces with Mellon HR & IS is another feather in the share registrar’s cap: “Mellon has built a solid plan administration offering over the years but lacks the registry management strength of an ASX Perpetual. The Mellon offering, coupled with ASX Perpetual’s already flourishing employee share and option plan business, makes us a formidable force in this space.”
This acquisition comes hot on the heels of its recent Queensland marriage. Only six months ago, ASX Perpetual acquired the Queensland share registry business of Pitcher Partners, further strengthening its position in the all-important Queensland market.
As with the Queensland acquisition, ASX Perpetual takes on Mellon HR & IS staff dedicated to
the plan administration business along with their respective clients.
“We are on a growth trajectory,” added McMurtrie. “We are growing from a strong base and are very excited about the future.”
In recent years, ASX Perpetual has attracted countless high-profile clients away from its key competitor including icon Australian brands such as Qantas Airways, Brambles Industries, John Fairfax Holdings, Westpac Banking Corporation, and most recently, WMC Resources.
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