My company allows us employees to buy ESOP shares via internal portals. However, on resignation from my company, I am expected to either sell or transfer my shares to a private brokerage account within a few months from my last date at the company. If I do not do anything, the shares will be automatically sold after a particular time period and the account will be closed.
At the moment, I do not want to sell these shares as I want to keep them as an investment. Therefore, I have to somehow transfer them to a private brokerage account. I do not have any currently. These shares are (I think) traded on the XETRA stock exchange. Do any of you know what I can do to transfer my shares?
I am guessing that I need to open a foreign brokerage account based in Germany since the shares are from there. If any of you have any recommendations for firms, please let me know.
I just want to keep these shares in my name for now, and not be forced to sell it. I am not interested in trading it that much. I just want to tranfer it to a personal account so that I can sell it at a much later time.