Maddocks advises on major technology outsourcing agreement
By Jason Silverii• 10 March 2017 • 1 min read
Maddocks advised CMC Markets Stockbroking Ltd on agreement with the ANZ Bank and Share Investing Limited
Friday 10 March 2017
Maddocks has advised CMC Markets Stockbroking Ltd on a significant agreement with the ANZ Bank and Share Investing Limited, which will see CMC Markets provide online stockbroking services to ANZ clients.
Under the contract finalised this week, CMC Markets will provide its online stockbroking platform to ANZ under a white-labelling arrangement with ANZ branding.
The platform will service more than 500,000 ANZ retail stockbroking clients, which will result in CMC Markets becoming the second-largest stockbroker in Australia by both number of clients and trades executed.
CMC Markets is a part of the CMC Group, which is a leading global provider of online retail financial services.
The Maddocks team on the matter was led by special counsel Brendan Tomlinson and included partners Andrew McNee and Bruce Heddle, special counsels Arlene Colquhoun and Olivia Hillier and associates Jack Evans and Julian Law.
Brendan said that the matter was a complex and heavily negotiated transaction.
‘In the end this is a great result for our client and a significant move by them in the Australian market.’
Andrew said: 'This is a fantastic result for CMC Markets and we are delighted to partner with them on this transaction.’
Maddocks is a proudly independent Australian law firm that works closely with corporations, businesses and governments throughout Australia and internationally. We advise national and international clients across education, government, infrastructure, healthcare, professional services and technology, from our Canberra, Melbourne and Sydney offices.
For more information, or to arrange an interview, please contact:
Tel: 3 9258 3509
Mobile: 0407 618 058
Maddocks advises BWX on acquisition of Flora and Fauna
Maddocks has advised ASX-listed wellness business BWX on its acquisition of Flora & Fauna
Maddocks appoints four partners in latest round of promotions
Maddocks continues to grow with the appointment of four new partners and the promotion of 43 lawyers from 1 July.
Skin in the game: Maddocks advises on strategic laser clinic divestment
Maddocks has advised the Hair and Beauty Group on its sale of Australian Skin Clinics to Silk Laser Australia Ltd.
Cloud Nine: Maddocks advises on sale of broadcasting platform
Maddocks has advised the administrators of broadcasting platform MediaCloud on its sale to Telstra Broadcast Services.