ASX Perpetual Registrars Limited (ASX Perpetual) today announced the acquisition of the Queensland share registry business of Pitcher Partners. The acquisition further strengthens its commitment to and position in the all important Queensland market. Pitcher Partners Queensland, an independent member of the national Pitcher Partners association, has built a very strong business over many years and today has more than 100 clients.
According to ASX Perpetual’s Managing Director John McMurtrie, the acquisition is good news for both service providers and their clients: “Pitcher Partners have built-up a strong position in the Queensland market with a strong commitment to providing high quality service to clients. ASX Perpetual is also committed to premium service and with our technological advantage coupled with their ongoing commitment to grow this business, I believe our clients will benefit from this seamless marriage.”
Russell Brown, Managing Partner of Pitcher Partners in Brisbane “welcomed this initiative which will bring together the technology and commitment to high quality service in both our organizations”. Russell will continue to support the organisation going forward.
ASX Perpetual’s world-class registry management system, oscar, was implemented in late-2001. Pitcher Partners clients will be progressively transferred to oscar over the next few months.
In recent years, ASX Perpetual has attracted countless high-profile clients including icon Australian brands such as Qantas Airways, Brambles Industries, John Fairfax Holdings, Westpac Banking Corporation, and most recently, WMC Resources.
Note to Editors
ASX Perpetual Registrars Limited (ASX Perpetual) is a joint venture between two of Australia’s top 100 listed companies – the Australian Stock Exchange Limited (ASX) and Perpetual Trustees Australia Limited (Perpetual) – with registry origins dating back more than half a century.
With a combined market capitalisation of more than $3.3 billion, our stakeholders
provide us with the financial support required to be Australia’s leading registry services provider. Importantly, our financial security means that we can remain focused on our clients, their needs and service excellence.
ASX Perpetual has around 7.5 million holder records under management and maintains the registers of more than 220 companies, including many blue-chip, icon issuers such as Telstra Corporation (the largest register in Australia); Commonwealth Bank of Australia; Westpac Banking Corporation; BlueScope Steel; Qantas Airways; Brambles Industries; and John Fairfax Holdings. With offices in Sydney, Melbourne and Brisbane, ASX Perpetual employs approximately 320 full-time staff to seamlessly service its clients and their shareholders across Australia and New Zealand.
In 2000, the registrar contracted ASX Operations – the team responsible for the development and maintenance of Australia’s electronic trading and settlement systems SEATS and CHESS – to develop a new registry system exclusively for ASX Perpetual.
oscar (Online Shareholder Communications And Registry system), is the first major software development in the Australian share registry industry in more than 15 years. oscar is a registered trade mark of ASX Perpetual Registrars Limited.
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