Evli Bank Plc and Alexander Group Oy have on 30 September 2020 signed an agreement on the merger of Alexander Incentives Oy and Evli Awards Management Oy.
The merger will be executed as a share exchange and the new company, Evli Alexander Incentives Oy, will continue as a subsidiary of Evli Bank Plc.
Alexander Incentives Oy is an advisor specializing in the design and implementation of remuneration and retention plans for executives and employees. All the current Alexander shareholders and key employees will continue to serve clients in the new company."Remuneration of employees and executives, as well as various all employee share savings plans have developed a lot during the 30 years we have operated as the leading remuneration advisor in Finland. Incentive plans nowadays serve an important role in supporting company strategy and leadership. I am convinced, that combining the design and administration of incentive plans is for the benefit of our clients", says Yrjö Kopra, CEO of Alexander Group Oy.
Evli Awards Management Oy, founded in 2007, is the leading provider of administration services for listed companies using share-based incentive plans in Finland. Tens of thousands of individuals in more than 100 countries belong to the target groups of incentive plans administered by Evli Awards Management."This is an important business area for Evli, with the potential to create international growth. Incentive plans also create new wealth and through that also new asset management and investor clients, especially in entrepreneurial and corporate management segments that are important to Evli", says Maunu Lehtimäki, CEO of Evli Bank Plc.
The new Evli Alexander Incentives Oy (EAI) will continue to serve its clients after the merger as before. The current management of the companies is committed to continuing in the company and to develop its operations. Pertti Helaniemi will serve as the CEO of the new company."Along with the merger, cooperation with Alexander Incentives will deepen further, which is excellent for both listed and unlisted client companies. In the future, we can provide our client with a seamless and comprehensive customer experience at all stages of incentive plans – from design and administration through to asset management. Addressing customer needs in digital services can be developed even more by utilizing EAM’s secured e-service Incentive portal and Evli’s strong expertise in online investment and asset management services", says CEO Pertti Helaniemi.
View Evli Bank's stock exchange release about the merger.
Maunu Lehtimäki, Chief Executive Officer, Evli Pankki Oyj, p. (09) 4766 9304
Pertti Helaniemi, Managing Director, Evli Alexander Incentives Oy, p. (09) 4766 9421