2023-06-15 23:28:00
CSC, a leading provider of business, legal, tax and digital branding services, announced today that it has acquired Eddystone Financial Services, a provider of corporate lending services. The acquisition will enable the company to further penetrate the Australian and New Zealand markets with its corporate escrow and intermediation solutions.
From its offices in Sydney, Melbourne and Auckland, Eddystone Financial Services provides credit broking, security trustee, trustee and related financial services. The company is known for its excellent customer service and has a strong staff of knowledgeable loan brokerage specialists.
The acquisition follows one exclusive partnership between Delaware Trust Company, a wholly owned subsidiary of CSC, and Eddystone Financial Services to expand the offering of trust and intermediation solutions to businesses in the Australian and New Zealand markets. The transaction will enable CSC to further expand its range of credit broking services and significantly expand its footprint in Australasia.
“This is an exciting time for CSC as we continue to grow and strengthen our position in the global lending industry, and we welcome Eddystone Financial Services and its team to the community,” said John Hebert, President of CSC Global Capital Markets and President and Chief Executive Officer of Delaware Trust.
“The Australian credit brokerage industry has experienced rapid expansion in recent years. This acquisition is in line with our strategic objectives and will strengthen our independent, client-centric philosophy by enabling us to offer our clients enhanced capabilities and market knowledge. We are committed to providing the best possible service to our customers and look forward to the opportunities this new chapter will bring.”
“We are pleased to formalize the acquisition, having worked closely with CSC and Delaware Trust for some time,” said Barnaby Webb, managing director and founder of Eddystone Financial Services. We look forward to growing together with a now truly global product as Eddystone has found a company whose values align with ours.
Eddystone is a natural extension of the service offerings of CSC and the Delaware Trust team, which has provided resources to support private and public companies across the Americas, Europe and Asia Pacific. CSC assists alternative wealth managers with a variety of fund strategies, players in the public and private capital markets, and companies and institutions in need of fiduciary and governance support in more than 140 jurisdictions worldwide.
About CSC
CSC is the trusted partner of choice for more than 90% of the Fortune 500®, more than 90% of the Top 100 Global Brands®, and more than 70% of the PEI 300. We are the world’s leading provider of global business administration and compliance solutions, specialized administration services for alternative wealth managers across a range of fund strategies, transactions with capital market participants in both public and private markets, administration of domain name systems and digital branding and fraud protection, and corporate tax software solutions. Founded in 1899, CSC is headquartered in Wilmington, Delaware, USA. The company prides itself on being privately owned and professionally managed for more than 120 years. CSC has offices in more than 140 countries in Europe, North and South America, Asia Pacific and the Middle East. We are a global company with the ability to do business wherever our customers are – and we do this by employing experts in every business area we serve. We are the business behind the business®. More information at cscglobal.com.
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View original version on businesswire.com: https://www.businesswire.com/news/home/20230615586436/de/
Cynthia Lamb Public Relations Manager cynthia.lamb@cscglobal.comCSC® Newsroom
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