CALGARY, June 15, 2015 /CNW/ - Solium Capital Inc. ("Solium") (TSX: SUM), one of the leading providers of software-as-a-service for global equity-based incentive plans administration, financial reporting and compliance, today announced the formal establishment of Solium Capital Trustee (Jersey) Limited, a managed trust company ("MTC") in Jersey, in the Channel Islands.
The manager of the MTC will be Appleby (Trust) Jersey Limited ("Appleby"), which also assisted in obtaining a trust licence from the Jersey Financial Services Commission.
Under the terms of the agreement, Appleby will provide employee benefit trust (EBT) administration services to the MTC, which will enable Solium to offer a seamless global service to UK PLCs with the provision of an offshore trust capability.
"We are very pleased to announce this partnership with Appleby. The EBT offering is a key component of our global trust and nominee services offerings, and the experience and reputation of Appleby will ensure we can deliver to the expectations of Solium's customers," stated Brian Craig, Executive Director and head of Solium's UK and EMEA business.
Patrick Jones, Partner at Appleby stated, "We are delighted to be Solium's chosen partner. It is clear that our respective businesses complement each other well in that we have a common approach to service excellence and end delivery, and we believe that Solium Trustee (Jersey) Limited's offering will bring something new and exciting to the global share plan market."
About Solium Capital Inc.
Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for global equity administration, financial reporting and compliance. From offices in the United States, Canada, the United Kingdom, Europe and Australia, our innovative software-as-a-service (SaaS) technology powers share plan administration and equity transactions for more than 3,000 corporate clients with employee participants in more than 100 countries. Follow us @Solium and visit us at solium.com.
Appleby Trust (Jersey) Limited is recognised as a leading provider of trustee and administration services. Based in Jersey we manage over 1,000 entities acting as trustee or administrator to over 350 employee incentive structures. Our fiduciary operation in Jersey has provided a broad range of offshore fiduciary and administration services for over 30 years and has considerable technical expertise in this area.
SOURCE Solium Capital Inc.
For further information: Investor relations: Conrad Seguin, TMX | Equicom, 416.815.0700 x 251, [email protected]