Trace Financial Limited has reached an agreement with GOAL Group, the withholding tax experts, to develop a better solution to corporate actions management.
GOAL’s flagship offering, GTRS, automates the complex and dynamic process of reclaiming cross-border withholding tax on securities earnings, which means it plays a crucial part in the corporate actions cycle. That cycle can be managed and controlled by Trace Financial’s CAMS system. The partnership therefore aims to provide joint clients with seamless integration across corporate actions workflows.
“GOAL and Trace have similarly strong track records, along with an enduring commitment to imaginative solutions and customer satisfaction,” explains Stephen Everard, Managing Director of GOAL. “It is a logical working partnership both in terms of introducing greater efficiencies into the securities management cycle and in terms of company values.”
Naren Patel, Director of Marketing and Business Development for Trace Financial, adds, “GOAL and Trace Financial are both recognised as established experts in their own fields, with similar cultures of integrity and attention to customers’ return on investment. A closer relationship between the companies makes sense for customers and for both companies.”