Bar­clays joins hands with Solium

The Pak Banker - - Front Page -

LON­DON

Bar­clays to­day an­nounced that its Cor­po­rate & Em­ployer So­lu­tions (C&ES) division has signed an agree­ment with Solium Cap­i­tal Inc. to cre­ate a white- la­bel ver­sion of the Solium Share­works™ plat­form and ad­min­is­tra­tion ser­vices for clients as part of the Bar­clays C&ES Global Stock & Re­ward of­fer­ing.

Bar­clays C&ES has in­vested sig­nif­i­cantly over the past year to build its ca­pa­bil­i­ties, sup­ported by a grow­ing team of UK-wide in­dus­try pro­fes­sion­als. In­cor­po­rat­ing the Solium Share­works ad­min­is­tra­tion plat­form is a sig­nif­i­cant boost to its Global Stock & Re­ward of­fer­ing that will en­able C&ES to pro­vide a fully in­te­grated and glob­allyad­min­is­tered plat­form with the aim of help­ing clients to re­cruit, re­tain and re­ward em­ploy­ees. Bar­clays has been of­fer­ing these ser­vices in the UK for many years and is look­ing for­ward to ser­vic­ing global plans as well as do­mes­tic plans for its clients.

In ad­di­tion, Bar­clays Group has adopted the plat­form for the ad­min­is­tra­tion of its own global eq­uity and long term in­cen­tive plans and has ap­pointed Bar­clays C&ES as ad­min­is­tra­tor. From 5th Novem­ber 2012, Bar­clays C&ES has be­gun pro­vid­ing ad­min­is­tra­tion and bro­ker­age ser­vices to Bar­clays dis­cre­tionary share and cash plans which have over 8,500 par­tic­i­pants.

Com­ment­ing on the Solium ar­range­ment, Richard Phelps, Head of Bar­clays Cor­po­rate & Em­ployer So­lu­tions, said: “Bar­clays Group global eq­uity plans are large and com­plex, and we are de­lighted to now be Bar­clays ad­min­is­tra­tor of choice. By com­bin­ing the Solium Share­works plat­form with Bar­clays bank­ing and bro­ker­age ex­per­tise and our ded­i­cated client ser­vic­ing team, we can pro­vide an in­te­grated so­lu­tion which de­liv­ers an ex­cep­tional ser­vice to cor­po­rate clients and their plan par­tic­i­pants. With the team we have re­cruited over the last year and with Solium as a part­ner we’re now ready to fully serve new clients in this area of em­ployee ben­e­fits.” Solium Share­works is the premier global so­lu­tion for eq­uity plan com­pen­sa­tion ad­min­is­tra­tion. Share­works is a fully in­te­grated, web­based plat­form, tai­lored specif­i­cally for global eq­uity com­pen­sa­tion plans, with an em­ployee trade-ex­e­cu­tion por­tal, in­dus­try-lead­ing IFRS2 re­port­ing ca­pa­bil­ity .

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