Yorkshire Building Society (YBS) Share Plans has launched a new trusted partnership with Investec Bank plc to offer Discretionary Share Plans to corporate clients for the first time.
The collaboration will offer companies a fully integrated, web-based administration system operated trading platform for global employees. Operated by YBS Share Plans and its experienced call centre team, the platform will deliver real-time equity execution and sales trading via Investec Bank plc’s infrastructure.
This will enable YBS Share Plans to offer Discretionary Share Plans services to executive clients for the first time in its 36 year history, alongside All Employee Plans.
The trusted partnership, which was officially launched at the ProShare Annual Conference in London on September 29, has already secured two big name clients – The Go-Ahead Group and Kier Group.
Ashley Price, Head of YBS Share Plans, said: “There isn’t a collaboration of this kind in the market place – this is a special relationship between two very successful companies that are both driven by providing a first class customer experience.
“Investec is highly respected for its proven track record in brokering and wealth services and we’re delighted to be able to work with them in the UK.”
Investec’s Head of Share Plans, Rodney Marthinusen, said: “The combined offering through a single service would be quite unique in the UK by providing an integrated solution for all share plan types in one place.
“YBS Share Plans has a great reputation for client services and delivery which is perfectly aligned with our own values. We are very excited to be working together with them to bring a fresh and compelling proposition to the market.”