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Nominated custodian account for foreign shares

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I have recently left a company where I had invested in a share plan. As I have left, they have sent a letter asking what I want to do with the shares, because they can’t stay in the plan. Since most shares have gone down recently, it makes sense to keep them for now.


I need to give them details of my nominated custodian account for the shares to be transferred into. How do I go about setting up a nominated custodian account and are there any recommended accounts? What is the process for transferring shares to it?

Searching online I can find accounts that talk about buying and selling shares and show ‘per transaction’ fees, but I don't really understand about the transferring of shares.


Just to add a bit of complication, the parent company was French, so the shares are traded on the Paris stock exchange. Any guidance would be appreciated.


Comments

  • george4064
    george4064 Posts: 2,928 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 14 June 2020 at 10:47AM
    I’m sure many investment platforms will be able to facilitate this, companies such as AJ Bell YouInvest, Hargreaves Lansdown, Interactive Investor etc.. 

    I would check out their websites for further information and get in touch if you have any questions.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

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