Princeton Financial Systems LLC (PFS), a subsidiary of State Street Corporation, succeeds in building one integrated company by the acquisition of Aquin Components. The international subsidiaries of former Aquin Components GmbH in London, Paris and Zurich will change their names to Princeton Financial Systems Ltd. (in United Kingdom), Princeton Financial Systems France SAS (in France) and Princeton Financial Systems Schweiz GmbH (in Switzerland).
With an extended geographical reach PFS will operate in the previously existing Aquin offices without changing managing directors and management teams. The range of service and product offering will be expanded including new value added offerings available as a result of the transaction, e.g. a global 24/7 support model.
The new name creates a strong global brand supporting the business. It also emphasizes Princeton Financial’s commitment to build one integrated company, says Gtz Bernhardi, managing director, Princeton Financial Systems GmbH and former CEO of Aquin Components GmbH.
Princeton Financial’s PAM fund accounting solution complements legacy Aquin’s compliance, data management, reporting and NAV reconciliation solution portfolio and allows us to better compete in the global marketplace by providing a more comprehensive offering with reduced integration risk.