Quartal Financial Solutions, Europe's leading solution provider in the field of fee and commission management, has won its first customer in the UK. One of the biggest independent international asset managers will now administer and calculate all its fees with Quartal FEE MANAGER.
After a long and intensive selection process, where Quartal Financial Solutions was successful against its competitors, Quartal's valued solutions have now managed to enter the British world of finance as well. At the beginning of 2011 one of the largest independent asset management companies, based in London, chose Quartal FEE MANAGER to fully automate the calculation of management and performance fees, as well as income allocation and internal transfer pricing.
Thierry Zuppinger, CEO of Quartal, is especially happy with this success: “After successful market entry in Ireland last year and the strong presence that we've been developing recently in German and French-speaking countries, I'm very pleased that we've been able to secure this customer. This step clearly states that we are going to pay more attention to the British market in future and try to continue to expand our strategic market position in this target market. Our commitment to this global integration project with future users in London, Singapore, New York, Sydney, Hong Kong and Tokyo highlights the international focus and capability of Quartal’s products."