Computershare gets FCA green light for HML deal
Bristol-based Computershare has received the go-ahead from the Financial Conduct Authority (FCA) to complete its acquisition of third-party mortgage administration company HML.
The transaction extends Computershare's mortgage servicing business into the UK.
Computershare, which provides financial and governance services across 22 countries with more than 15,000 staff and revenue of about bn (£1.2bn), already owns a mortgage servicing business in the US.
HML chief executive Andrew Jones said: "Computershare is committed to investing in and growing HML, allowing us to continue to be the leading third-party mortgage administration company in the UK and Ireland.
"HML has had 25 years of successfully delivering value to clients, customers and our people and this deal will secure the future of the company for many more years to come."
Its bases in Skipton, Derry, Glasgow and Dublin will be retained alongside Computershare's UK offices in Bristol, Edinburgh, Halifax, London and Jersey.
Naz Sarkar, regional chief executive of Computershare, added: "We're pleased to welcome HML to the Computershare group and I’m delighted that Andrew and his senior team will be remaining with the business.
"Several experienced Computershare staff will be relocating to Skipton to supplement the HML team and assist with the transition to Computershare. Together, we're excited at the opportunities that lie ahead."
The deal to buy HML from Skipton Building Society was announced in July (2014) and was subject to regulatory approval.