Quartal Financial Solutions re-launches Quartal COMMISSION in the UK

14 September 2006

Quartal Financial Solutions, a leading Swiss consulting and software solution provider for the financial services industry, announced today that it will re-launch it’s commission management solution, Quartal COMMISSION, in the UK. “Quartal Financial Solutions has experienced increasing demand for our solutions in the European market. Expansion into the UK market is a natural step for us and an important part of our overall business strategy”, said Ulrich Jacobi, CEO of Quartal Financial Solutions.

The Quartal COMMISSION solution, formerly marketed as VPS in the UK, is the leading commission management system in the European market. Quartal COMMISSION manages all aspects of commissions and fees including commission payments to sales partners, investment advisors, distribution platforms and custodian banks. It models the most complex partner product relationships, enabling asset managers and private banks to define their own models for calculating commissions.

Quartal COMMISSION has been chosen by some of the world’s top banks and asset managers including, ABN AMRO, Allianz Dresdner Global Investors and HSBC Trinkaus & Burkhardt.

Charles Kirk will be responsible for UK Sales. He will also target banks and financial institutions with the full range of Quartal Financial Solutions services. “Charles Kirk’s extensive experience in implementing business process orientated solutions in the finance sector in the European market will be invaluable to our clients in he UK”, said Ulrich Jacobi.

Quartal Financial Solutions is an innovative turnkey solution provider, enabling it’s clients in asset management and private banking to maximise the efficiency of their reporting, data management and commission processes. Quartal Financial Solutions combines extensive business process knowledge of asset management with technical IT expertise to guarantee rapid integration, and fast returns on its clients’ investments.

Quartal Financial Solutions, a subsidiary of the Quartal Group, is a privately owned company with its headquarters in Zürich.

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