24 May 2005
CORPORATE GOVERNANCE SPECIALIST ESHARE JOINS ALLIANCE WITH TRADESHARE
Pension funds in the UK are set to gain considerable advantages from a strategic alliance between eShare, the corporate governance specialists and TradeShare providers of detailed analysis on equity trading.
eShare in partnership with Microsoft has pioneered the eShare Governance system, providing one central, searchable knowledge base for trustees and pensions professionals as well as managing their governance processes.
TradeShare has recently launched into the UK pensions industry a tool that, for the first time, provides a detailed comparison of asset managers' activity for the purposes of identifying and quantifying the effects of poor execution at scheme level.
An agreement has been reached between the companies that will see eShare integrate seamlessly to the TradeShare system allowing clients to look at the investment activity in ways not previously possible.
eShare clients will now be able to monitor their trading activity with other pension schemes and compare on a like-for-like basis if the level of value they receive from their asset managers is in line with what other schemes receive.
Alister Esam, Managing Director of eShare commented on the alliance:
"eShare was developed to improve the knowledge that trustees have at their disposal and give them increased control in order to enhance pensions governance. TradeShare compliments this philosophy by providing schemes with compliance, transparency and a method of improving trading costs. An alliance with TradeShare offers our clients another fundamental tool to help them monitor their scheme and increase efficiency."
Andrew Caird, Associate Director Sales and Marketing of TradeShare stated:
"eShare offers trustees and the pensions management team a one-stop shop to clarity within the multiple aspects of scheme activity. Our role will increase the umbrella protection already available from eShare and provide a method to reducing costs incurred by the plan sponsor."
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