The acquisition of Aquin, an established provider of middle and back office solutions with a strong presence in Europe, will allow Princeton Financial to significantly expand and accelerate their leadership and product offerings to the global marketplace. Princeton Financialâs strong back office PAM accounting product will complement Aquinâs investment compliance, order management, fund warehouse, reporting, and NAV reconciliation offerings. The combined offerings will allow the group to better compete in the marketplace by providing a broader offering with reduced integration risk whilst allowing each firm to retain its products, as well as its place in the marketplace, as best of breed provider.
Commenting on the acquisition, James C. Russo, Princeton Financialâs President and Chief Executive Officer said, "Princeton Financial and Aquin together can provide institutional investors with a complete solution. Both companies have solid reputations as quality service providers to our respective customers. That dedication, coupled with an expanded portfolio of services, will provide our customers with many benefits. We are confident that this acquisition will enhance our overall offering and service to our existing and future customers. "