Computershare to acquire Wells Fargo's Corporate Trust Services business for $750m.

Computershare, an Australian stock transfer company, agreed to acquire Corporate Trust Services business of Wells Fargo, an American multinational financial services company, for $750m. “This transaction is consistent with Wells Fargo’s strategy of focusing on businesses that are core to our consumer and corporate clients. Additionally, we believe that Computershare’s similar approach to service and their emphasis on innovative product development will be valuable to our clients and Corporate Trust Services colleagues in the future,” David Marks, Wells Fargo Head of Commercial Capital.