TCorp has acquired a 4.92% interest in market infrastructure company Euroclear Holding SA/NV, from London Stock Exchange Group (LSEG).
Stewart Brentnall
The firm is the investment and financial management partner of the New South Wales (NSW) public sector, with $115 billion in assets under management.
The total value of TCorp’s investment in Euroclear is $478 million.
Euroclear offers settlement and custody of domestic and cross-border securities for bonds, equities, derivatives and investment funds, alongside collateral management services.
Euroclear serves roughly 2,400 financial institutions, which use its platform to access 50 different markets and settle transactions in 45 currencies.
The group holds roughly $42 trillion of assets under custody and enabled 299 million netted transactions in 2023, worth an equivalent of $1,126 trillion.
“Euroclear is a foundational component of the world’s financial market infrastructure,” said Stewart Brentnall, chief investment officer at TCorp.
“This is a rare investment opportunity offering resilient returns and growth as well as portfolio diversity to our clients. We look forward to working with the board and management of Euroclear.’’
JP Morgan and BNP Paribas acted as advisors to LSEG on the transaction.
“We are delighted to welcome TCorp as a new shareholder. It is a sophisticated global investor with a long-term investment horizon and anchored in the APAC region,” said Valérie Urbain, chief executive at Euroclear.
“This aligns well to our strategic vision of long-term value creation through providing more liquid and stable markets for Europe and beyond.”