DATE: THURSDAY 9 MAY, 2019
ProShare, the voice of the employee share ownership industry, has announced that Fidelity Stock Plan Services (Fidelity) has upgraded to a Gold Membership, which is reserved only for those organisations who have demonstrated the highest commitment to fostering employee share ownership and educating the industry on the benefits of employee share plans. As a Gold Member, Fidelity will sit on ProShare’s influential Advisory Panel, and will help shape ProShare’s approach to policy and drive visibility for the share plan industry.
Over the past several years, Fidelity has significantly expanded its global Stock Plan capabilities to service its growing roster of multinational clients, including employers in the UK. This includes the opening of a European Global Service Centre in Frankfurt, Germany and enhanced support for stock transactions in 130 currencies.
Joining a prestigious group of companies at ProShare to drive and influence UK share ownership policies and create market best practices, allows Fidelity to further strengthen its position as a global market leader.
Mitan Patel, European Stock Plan Services Lead of Fidelity International said:
“By working more closely with ProShare, we will have a more active role in the UK to champion employee share ownership and highlight the important role employee shares can play in improving financial wellness. Our global team is made up of seasoned members of the US, UK, and European share plan industry; we are increasingly focused on addressing the needs of employers in the UK and across Europe (in addition to the US). We are excited to serve in this enhanced role with ProShare, and we are thrilled to be part of the driving force shaping the future of our industry.”
Gabbi Stopp, Head of Employee Share Ownership at ProShare, said:
“We are delighted to welcome Fidelity to Gold Membership at ProShare. Their position as a leading global provider of equity compensation, alongside our position as the voice of employee share ownership in the UK, will help us and our members to advance the UK share plans industry for the benefit of everyone involved. We look forward to working closely with Mitan and the Fidelity team.’’
For further information contact:
Maria Brookes, Media Relations Manager
ICSA: The Governance Institute
T: +44 (0)20 7612 7072
M: +44 (0)7890 649143
Fidelity Media Relations
ProShare has been the voice of employee share ownership since 1992 when we were established by HM Government, a group of FTSE 100 companies and the London Stock Exchange to promote wider share ownership. Today, we focus solely on helping to promote employee share ownership in the UK and are the voice of employee share plan practitioners and professionals. ProShare is a not-for-profit organisation and is funded solely by its members and activities. ProShare is a part of ICSA: The Governance Institute.
More information may be found here: www.proshare.org
About Fidelity Investments
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $7.4 trillion, including managed assets of $2.6 trillion as of March 31, 2019, we focus on meeting the unique needs of a diverse set of customers: helping more than 30 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 financial advisory firms with investment and technology solutions to invest their own clients’ money. Privately held for more than 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers.
Fidelity Stock Plan Services provides leading administration solutions to 440+ clients and 2m+ participants across 150+ countries, for their global equity compensation needs.1 To learn more, visit: Fidelity.com/stockplans
1 Source: Fidelity Internal Reporting as of November 2018.
ProShare and Fidelity Stock Plan Services are not affiliated.
Stock plan recordkeeping and administrative services are provided by Fidelity Stock Plan Services, LLC