Motive Partners completes Global Shares exit

JP Morgan Wealth Management has bought Global Shares and plans to integrate the business into its asset and wealth management line of business.

  • Global Shares is a fintech company specialising in simplifying employee ownership for global companies
  • Motive Partners acquired an approximately 40% stake in Global Shares in August 2018 
  • Global Shares’ assets under administration has grown to $200 billion across 800,000 corporate employee participants

Motive Partners has completed its exit of Irish financial technology firm Global Shares. JP Morgan’s Wealth Management has bought the company.

Clonakilty-headquartered Global Shares’ assets under administration have grown to $200 billion across 800,000 corporate employee participants. Global Shares simplifies employee ownership for global companies.

JP Morgan Wealth Management, the New York-based Wealth Management arm of JP Morgan, plans to integrate the business into its asset and wealth management line of business.

“We are delighted with the growth and expansion of Global Shares, and the impact this business has had for its clients in recent years,” said Andy Stewart, industry partner at Motive Partners and former executive chairman of Global Shares. “I believe this to be a great example of Ireland’s exceptional financial technology talent and environment, and we’re grateful to Tim and the whole Global Shares team for their partnership. It has been a privilege to work with them and we look forward to the many future successes that lie ahead for the Global Shares team as part of JP Morgan.”

New York-headquartered Motive Partners is a private equity firm that focuses on growth equity and buyout investments in software and information services companies. It has been invested in Global Shares since August 2018, having acquired an approximately a 40% stake.