American Stock Transfer & Trust Company, LLC ("AST") announced today the completion of the purchase of the operating businesses of The Altman Group, Inc. ("The Altman Group"). The Altman Group is an established preeminent full-service firm in the mutual fund proxy solicitation, global shareholder identification and corporate governance arenas.
The acquisition brings substantial new capabilities and synergies to AST and its clients. With operation centers in Manhattan and Lyndhurst, New Jersey, The Altman Group adds the capabilities of a 250 seat state-of-the-art call center to the company, where the firm's proxy services center provides inbound and outbound solutions with live voting features, IVR proxy voting, online proxy voting and vote tabulations.
Ken Altman, President and founder of The Altman Group stated, "As a business unit of AST, The Altman Group will gain additional resources to extend our global reach and the growth of our business. Innovation, expertise and customer service will remain the foundations of the Altman Group's client-focused service model."
Altman Group executives Paul Torre and Tom Nader will continue to manage the proxy solicitation operations of The Altman Group. Paul has over 25 years of experience in the industry and has spent the majority of his career focused exclusively on mutual fund proxy services. Tom has worked with Paul for over 15 years and managed some of the most challenging solicitations in the industry, consistently delivering a successful outcome.
"The Altman Group's new role as a division of AST has significant benefits for our clients," said Paul Torre, Executive Vice President of The Altman Group. "We look forward to bringing our capabilities and technological advantages to a wider audience in the global market for proxy solicitation services."
In addition to offering this suite of services to AST's clients in the United States, The Altman Group will also provide services to the Canadian market through the Canadian Stock Transfer Company Inc. (AST's sister company).
About The Altman Group
The Altman Group offers a comprehensive suite of services, including: closed-end and open-end mutual fund proxy management, global proxy solicitation, mailing and tabulation, global shareholder identification, corporate governance consulting, and regulatory report mailing services. For more information on The Altman Group, visit www.altmangroup.com.
About AST
American Stock Transfer & Trust Company, LLC and its affiliates in the Link Group Network are leading providers of registry services and technology to financial market participants in North America, Australia, New Zealand, Hong Kong, India, South Africa and the United Kingdom. AST and its partner, Canadian Stock Transfer Company (CST), form the North American division of the Link Group. AST and CST together provide comprehensive stock transfer and employee plan services to more than 8,000 public issuers and over 5.5 million shareholders. The division serves clients located throughout North America and in over 22 foreign countries. Clients served by AST range in size from those completing initial public offerings to Fortune 100 companies.
Contacts:
American Stock Transfer & Trust Company, LLC
Jennifer Efland,
888-267-8625
www.amstock.com
