NEW YORK--(BUSINESS WIRE)--The AST Group (AST) announced today that it plans to expand its office location located in Ridgefield Park, New Jersey. The 43,000-square foot office, which opened last August, offers employees numerous amenities including a cafeteria and gym. Over 100 employees currently work out of this location in Overpeck Corporate Centre, which is home to several world-class corporations.
The office has experienced dramatic growth with a 30% increase in staff since opening. AST will soon relocate its AST Equity Plan Solutions employees currently working in the Philadelphia office to this location. This transition will occur in phases over the next several months and allow the group to better leverage the AST infrastructure, centralize operations and further expand its product offering.
The facility provides employees with state of the art technology and is conveniently located close to New York City and also minutes away from the Secaucus Junction train station with a shuttle to and from the complex.
“As our product offering continues to grow, this facility provides our team with a greater capacity for integrated job flow and expands our ability to deliver quality service to clients,” said Bob Carney, Chief Operating Officer of AST. “We are currently adding job opportunities at this location in areas such as operations, call centers, employee plans, technology and our quality assurance group.”
In addition to augmenting the organization’s staff, AST continues to build client relationships and increase its market share. AST has expanded into major markets throughout North America and added a variety of new services, including personal financial planning, investor relations consulting, investment management solutions, and proxy and governance advisory solutions for both public issuers and shareholders.
About the AST Group
The AST Group is the leading provider of registry services and technology to financial market participants across North America. Its companies and divisions, which include American Stock Transfer & Trust Company, LLC and CST Trust Company (CST), provide comprehensive stock transfer and employee plan services to more than 8,000 public issues and over 5.5 million shareholders. The AST Group provides fully integrated services that include corporate proxy solicitation and advisory solutions, employee plan services, information agent, mutual fund proxy solicitation and advisory solutions, shareholder identification, asset recovery, and investment management offerings.