Commenting on the signing, Paolo Pagani, director of sales for southern Europe at Rolfe & Nolan said: "Renewals should not be seen as done deals. Any renewal involves a hard-headed look at business needs and solution functionality. That USI has renewed with us is a confirmation of the continuing excellence of Rolfe & Nolan processing solutions."
"Our back office processing system is very important to us, as a top-flight Italian investment bank", said Marco Germini, Head of Foreign Division and Corporate Finance at USI. "This renewal enables UBM and other UniCredito Group banks to continue using Rolfe & Nolanâs reliable and versatile solution."
Rolfe & Nolan chief executive Bob Freeman said: "Unicredito was Rolfe & Nolanâs first Italian customer and we have enjoyed a long and fruitful relationship with them. I am delighted that they have decided to renew with us. We look forward to continuing to supply them with world class processing software."
In addition to using Rolfe & Nolanâs full back-office processing solution, USI also employs, under a separate contract, Merlin Margin, which is integrated with its system. Merlin Margin is Rolfe & Nolanâs powerful ânext generationâ margin engine, delivering sub-second response times and covering more than 60 of the worldâs leading listed derivative exchanges.