BONY Boosts Stock Plan Administration Services

August 10, 2001 ( - The Bank of New York's (BONY) stock option plan capabilities will get a boost from the its acquisition of part of MAVRICC Management Systems, Inc, a provider of equity-based compensation plan services.

Apart from complementing the bank’s existing stock option and stock purchase plan services, the acquisition will provide transfer agency services for direct investment partnerships.

In addition, BONY is set to unveil enhancements to its employee investment plan Website that will include new transactional capabilities. With a click of a mouse, participants will be able to:

  • sell shares
  • request a certificate
  • or request a transfer of shares, and
  • view their transaction history

The Bank of New York provides shareowner services to more than 1,950 publicly traded companies and over 14.8 million shareholders.