Computershare > News and Insights > Computershare Connection
As reported in a recent news release, Computershare has agreed to buy BNY Trust Company of Canada from BNY Mellon.
The business was established in 2001 and offers a range of trust and agency services in Canada for around 500 clients, including issuers, corporations, banks and government entities.
The clients and team from BNY Trust Company of Canada are a natural fit for Computershare, and we believe all clients will benefit from our continued investment in market-leading corporate trust services.
Computershare has invested heavily in our corporate trust business in recent years, including the acquisition and integration of the corporate trust business from Wells Fargo. This acquisition will enhance the scale and capability of our corporate trust operation and demonstrates our commitment to the provision of corporate trust services in Canada and beyond.
Computershare and BNY Mellon will work collaboratively to ensure the smooth transition of the business and relevant staff. We anticipate the acquisition to complete toward the end of 2024, subject to regulatory notifications and approvals, as well as other customary closing conditions. We are planning for all relevant employees to transfer as part of the acquisition, and for BNY Trust Company of Canada to be operated as a stand-alone entity.
We will continue to provide you with updates as we work through the process. If you have questions about this planned acquisition, please contact your Relationship Manager who can connect you with a Corporate Trust Officer.