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.
Maddocks has advised CMC Markets Stockbroking Ltd on the deal with a team 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.
Involved fees earner: Andrew McNee – Maddocks; Julian Law – Maddocks; Brendan Tomlinson – Maddocks; Jack Evans – Maddocks; Bruce Heddle – Maddocks; Olivia Hillier – Maddocks; Arlene Colquhoun – Maddocks;
Law Firms: Maddocks;
Clients: CMC Markets Stockbroking Ltd;