Motive Partners has sold Irish FinTech Global Shares to JP Morgan's wealth management solutions business.
Motive invested in the stock plan management software provider in 2018, when it bought a 40 per cent stake in the business.
Global Shares has grown to nearly $200 billion in assets under administration across over 800,000 corporate employee participants.
Motive industry partner Andy Stewart will step down as executive chairman and Motive Partner Neil Cochrane will step down from the board of directors.
“We are delighted with the growth and expansion of Global Shares, and the impact this business has had for its clients in recent years," said Andy Stewart, industry partner at Motive Partners and former executive chairman of Global Shares. "I believe this to be a great example of Ireland’s exceptional financial technology talent and environment, and we’re grateful to Tim and the whole Global Shares team for their partnership.
"It has been a privilege to work with them and we look forward to the many future successes that lie ahead for the Global Shares team as part of J.P. Morgan”.
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