Certent and UBS Wealth Management Americas Launch Next Generation Direct Broker Interface
June 09 2015 - 2:15PM
Business Wire
UBS Wealth Management Americas and Certent today announced the
launch of their Next Generation Direct Broker Interface (DBI), an
enhanced data transfer process which enables plan administration
and transaction solutions for their joint clients. The two firms
have been collaborating to serve mutual clients since early
2008.
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UBS Equity Plan Advisory Services offers plan administration and
transaction solutions to more than 170 companies representing one
million-plus participants in over 150 countries. UBS works with
Certent to service a significant portion of its partial
administration business. The enhanced DBI delivers a more robust
and reliable data interface, including data transmission for
cash-settled restricted stock units and related tax events,
allowing greater visibility for participants into their portfolio
of holdings. The DBI also supports stock options, restricted stock
awards/units, performance awards/units, SARs and ESPPs. Additional
enhancements to the DBI include support for retirement eligibility
processing and more dynamic tax withholding capabilities.
“UBS is dedicated to continually improving our client
experience, and this upgrade allows equity recipients to access a
more complete view of their portfolio through our UBS One Source
participant website,” said David Bienstock, Head of Product
Development and Client Solutions for UBS Equity Plan Advisory
Services. “This investment in Next Generation DBI represents a
continued commitment to our relationship with Certent, as well as
to the partial administration space as a whole.”
“To build our data integration capabilities, including the DBI
with UBS, we have invested in one of the best-in-class, enterprise
grade IPaaS solutions, Dell Boomi,” said Mobeen Bajwa, senior vice
president for products at Certent. “This technology investment
advances our data integrations between systems, which are core to
our business. We have rolled out several integrations already using
this technology, with more scheduled later this year.”
Notes for Editors
About UBS Wealth Management Americas
UBS is committed to providing private, institutional and
corporate clients worldwide, as well as retail clients in
Switzerland, with superior financial advice and solutions while
generating attractive and sustainable returns for shareholders. Its
strategy centers on its Wealth Management and Wealth Management
Americas businesses and its leading universal bank in Switzerland,
complemented by its Global Asset Management business and its
Investment Bank. These businesses share three key characteristics:
they benefit from a strong competitive position in their targeted
markets, are capital-efficient, and offer a superior structural
growth and profitability outlook. UBS's strategy builds on the
strengths of all of its businesses and focuses its efforts on areas
in which it excels, while seeking to capitalize on the compelling
growth prospects in the businesses and regions in which it
operates. Capital strength is the foundation of its success.
The Equity Plan Advisory Services (EPAS) department of UBS
Wealth Management Americas delivers first-class equity compensation
plan services and support for stock options, restricted grant
awards, performance grant awards, stock appreciation rights and
employee stock purchase plans.
About Certent
Certent makes it easier for companies to meet their financial
compliance requirements. Certent's user-friendly, web-based
technology streamlines equity plan management, financial reporting
for ASC718, and financial filings (in XBRL and HTML) with the U.S.
SEC. With technology based on in-depth accounting expertise, an
open ecosystem of industry partners, and an expert services
organization focused on customer success, Certent has helped more
than 1,300 companies worldwide innovate their financial compliance
processes.
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version on businesswire.com: http://www.businesswire.com/news/home/20150609006504/en/
Media InquiriesUBSNew York:Gregg Rosenberg,
212-713-8842Gregg.rosenberg@ubs.comorCertentPleasanton:Leslie
Leach, 925-730-4300Leslie.leach@certent.com
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