Computershare appointed preferred supplier

Company News

Computershare Limited (ADSX:CPU) has been appointed preferred supplier in the tender process to undertake the mortgage servicing activities of UK Asset Resolution.
 
The contract is for a seven-year term to undertake mortgage servicing activities on behalf of UKAR, with £30bn under management.
 
The contract would also involve the transferral of approximately 1,700 employees to Computershare who would continue to service customers. 
 
Computershare can now work with UKAR on an exclusive basis to finalise details over the coming months, with a view to agreeing binding contract terms. Computershare expects contracts to be signed within the next three months.
 
Computershare recorded a net profit of $204.79 million at 30 June 2015.

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