Zurich | 11 May 2016
Equatex, the global share plan administrator, has announced it will partner with biw Bank für Investments und Wertpapiere AG (biw AG) in Germany. The step follows Equatex Group’s launch as a standalone company in February 2015 and provides the basis for the company’s future development in this core market.
The collaboration with biw AG, a leading provider of white label banking solutions, will put Equatex in an ideal position to serve its German corporate clients and their share and compensation plan participants across the globe. While Equatex provides share and compensation plan administration services through its trusted EquatePlus platform, biw AG will operate in the background to handle all aspects of the business that are regulated by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).
Equatex Group CEO Andrej Golob said: “In biw AG we have found a highly flexible partner that perfectly matches our own strategic ambitions to further drive growth and innovation in the German market. biw AG’s strong technical capabilities along with their commitment to work closely with us on the further development of our platform will directly benefit the services we offer to our clients in Germany and their plan participants around the globe.”
Equatex Group COO Frank Juhre said: “Our partnership with biw AG marks the start of Equatex as an independent brand and standalone business in the German market. Germany has always been one of our core markets where we serve some of the country’s leading global companies. The whole team looks forward to further building up our business and to championing employee equity participation and share ownership.”
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Equatex provides international employee and executive compensation plan services for today’s global enterprise, supporting clients with participants across Europe, Asia, Australia and America. With world-class cloud technologies and market leading financial reporting capabilities, Equatex enables companies to deliver engaging compensation schemes across borders, languages and currencies. Equatex supports over 200 international businesses and their 1.5 million employees, providing customised end-to-end solutions from funding instruments to administration, execution, accounting and financial reporting.