Motive Partners Completes Sale of Global Shares to J.P. Morgan

Motive Partners completes sale of Global Shares, a leadingIrish financial technology firm and provider of stock planmanagement software, to J.P. Morgan’s wealth management solutions business New York, London & Clonakilty August 11, 2022 – Motive Partners ("Motive"), a specialist private equity firm focused on growth equity and buyout investments in software and information services companies that serve the financial services industry ("financial technology"), has received the necessary regulatory approvals, and completes the sale ofGlobal Shares to J.P. Morgan. Motive invested in Global Shares in August 2018, acquiring a ~40% stake in the business.Global Shares, having grown to nearly $200 billion in assets under administration across over 800,000 corporate employee participants, will now enter its next phase of growth under new ownership, as part of J.P. Morgan. As reported at the time of signing the acquisition, J.P. Morgan will seek to integrate Global Shares into its Asset & WealthManagement line of business, remaining headquartered in Clonakilty, Ireland. As part of the closing, Motive Industry Partner Andy Stewart will step down as Executive Chairman and Motive Partner Neil Cochrane will step down from the Board of Directors.