AUSIEX is a leading provider of outsourced trade execution, settlement and clearing solutions. It conducts broking services and securities administration business and trades under the brand name CommSec Adviser Services.
Nomura Research Institute is a Japanese company and specialises in consulting, system integration and IT services for the financial, manufacturing and services industries globally.
The transaction is subject to regulatory and other conditions and is expected to complete in the first half of 2021.
Executive General Manager of CommSec, Richard Burns, said:
"AUSIEX is a strong business and its clients and employees will benefit from Normura's investment and ambition to be the market leader in wholesale broking and portfolio administration services."
Partner Sarah Dulhunty commented:
"It was a pleasure to work closely with the inhouse CBA team led by Will House in relation to the sale and to be able to contribute the firm's many disciplines to help achieve a successful outcome for the client"
Led by Sarah Dulhunty, the Ashurst team comprised Amanda Nielsen, Karen Liu (Corporate Transactions), Tim Brookes, Caroline Hogan (Transitional Services Agreement) Corey McHattan, Cindy Lam (Referral & Distribution Agreement) Lisa Ritson, Josephine Gardiner (Transitional Brand Licence Agreement), Andrew Carter, Lorraine Hui (Regulatory), Sanjay Wavde, Sanjay, Bill Cannon, Eli Bursky, Elke Bremner (Tax), Rehana Box (Insurance).