After becoming a member of the Association of the Luxembourg Fund Industry on June 14, Quartal Financial Solutions landed its first customers in the UK and France with its Quartal FEE MANAGER software.
Socit Gnrale Securities Services implemented Quartal FEE MANAGER for its fund administration and depository services while an independent asset manager based in London chose the software to fully automate the calculation of management and performance fees, as well as income allocation and internal transfer pricing.
Quartal FEE MANAGER is a program designed for fee invoicing and revenue management for the financial services industry. The new system has the ability to integrate smoothly into the existing environment through open interfaces and a flexible mapping of all fee models in the bank.
After successful market entry in Ireland last year and the strong presence that we’ve been developing recently in German and French-speaking countries, I’m very pleased that we’ve been able to secure this customer, says Thierry Zuppinger, CEO of Quartal Financial Solutions. This step clearly states that we are going to pay more attention to the British market in future and try to continue to expand our strategic market position in this target market. Our commitment to this global integration project with future users in London, Singapore, New York, Sydney, Hong Kong and Tokyo highlights the international focus and capability of Quartals products.”
(CM)