Global marketsUpdated Yesterday
Morgan Stanley agrees to buy Vinyl Equity.
A company can move from private to public ownership, but someone still has to keep the official record of who owns its shares. That’s the transfer-agent work Vinyl Equity’s digital, cloud-based platform is built to handle. Morgan Stanley’s agreement to buy the company would bring that shareholder-recordkeeping capability into its workplace business, Morgan Stanley at Work. Wealth chief Jed Finn says doing the work in-house could reduce the bank’s reliance on outside providers as companies make that transition. The deal is subject to customary closing conditions and is expected to close in Q1 2027.
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Coverage started November 9
Key Actors
- Morgan Stanley