Change in Executive Management of Quartal Financial Solutions AG

7 March 2008

Thanks to this successful appointment Quartal Financial Solutions was able to reach an important milestone in the current growth phase. Ulrich Jacobi, founder and CEO, and Peter Nemec, COO make up the new management team of Quartal Financial Solutions.

Prior to joining Quartal Financial Solutions Peter Nemec was engaged as COO at Steria Switzerland AG, where he was responsible for the management of Profit center Financial Solutions, Transport Solutions and Managed Services. Previously he held positions as CTO at Cablecom and Czech Telecom. Peter Nemec thus draws on many years of experience in the leadership of development, support and product management organizations- both locally as well as internationally.

„Quartal Financial Solutions AG is an enterprise with great potential for growth and an impressive work climate amongst the co-workers”, says Peter Nemec about his new position. “Here I can fully incorporate my experience in strategic and operative management as well as strengthen market-oriented activities.”

Simon Pfändler, who most recently held the position of COO, has after over 7 years of successful engagement decided to withdraw from the company’s operational leadership, in order to embrace new challenges in the assetmanagement and fund industry. As a board member he will continue to promote and further the interests of the company.

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