By Michael Dabaie

Morgan Stanley said it is in an agreement to migrate the Barclays Global Stock and Rewards business to the Shareworks by Morgan Stanley stock plan administration platform.

Morgan Stanley said it expects the deal to bring about 40 new corporate clients to Shareworks, encompassing more than 140,000 stock plan employees.

Barclays' corporate stock plan clients have already been using Shareworks' stock plan administration services platform for the past eight years through a white-label arrangement, Morgan Stanley said.

Shareworks in the Europe, the Middle East and Africa region provides technology and outsourced services to European issuers across public and private markets. Prior to the migration of the Barclays stock plan business, Shareworks' EMEA client base employed more than 125,000 stock plan participants who hold more than EUR14 billion ($16.5 billion) in stock plan assets.

Morgan Stanley acquired Solium Capital Inc. and its Shareworks platform in May 2019 and rebranded it as Shareworks by Morgan Stanley.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

10-20-20 0754ET