News

With a multi-level distribution network, this major American financial services company will calculate payable retrocessions, rebates and trails on behalf of their clients (i.e. prestigious fund producers). Installed in London, with users in Dublin and Luxembourg, this customer will use Quartal COMMISSION to increase scope and accuracy of their fund distribution and calculation services and leverage their world`s top reputation and customer satisfaction.

As planned, the joint project will be completed in the coming weeks and the solution Quartal COMMISSION will be put into operation. Other projects for this customer are already in discussion.

On October 6th, 2010 Quartal Financial Solutions and Princeton Financial Systems will organize for the 5th time the Swiss Fund Day. The event will take place as usual on the SIX Swiss Exchange Convention Point. The advisory committee of the Swiss Fund Day - composed of experienced and renowned experts of the Swiss financial & fund industry - defined again thrilling topics for this year. The event will bring highly interesting and qualified speakers such as Mr. Martin Thommen (President of the Swiss Funds Association). Going from the overarching theme "Operation Model", the speakers will deepen and discuss various topics such as "Vision Fund Company 2015," "Swiss Fund Industry in an International Comparison" or "NAV Validation". Mr. Daniel Häfele, CEO of Acolin Fund Services AG, will accompany the event as a moderator.

The Swiss Fund Day has established itself in recent years as the platform for IT and Operations professionals of the fund industry. The organizers and the advisory committee of the Swiss Fund Day are convinced that they can repeat the success of the past years thanks to the selected topics for 2010 as well as to the qualified and top-class speakers.

With the intention to further expand the event, the sponsors will have this year for the 1st time the opportunity to present themselves as exhibitors and give attendees information directly and personally.

This newsletter is a review of the first months 2010 including interesting topics:

- Sparinvest relies on Quartal COMMISSION
- Global license model for ABN AMRO Private Banking
- Quartal FEE MANAGER - first installation at a Fund Administration company
- Quartal COMMISSION wins another global Transfer Agent as customer
- Quartal FEE MANAGER - enhanced Performance Fee Module
- Quartal COMMISSION - new DMFSA compliant system components
- Quartal FLOW release 3.3 - from reporting production to publication within minutes

After three successful projects at ABN AMRO in Switzerland and Germany during the last few years, ABN AMRO Private Banking decided in 2009 to go for a global license model of Quartal COMMISSION, Europe’s leading commission management solution.

The fourth Quartal COMMISSION installation within ABN AMRO was successfully put into operation in Luxembourg by the end of January 2010. In this subsidiary, Quartal COMMISSION covers accounts receivable and payable management for the distribution of third party funds, as well as accounts payable management for service fees.

The aim of the joint project was to best automate and standardize processes for handling distribution fees within the bank. "One of the main reasons why we opted for Quartal is the seamless integration of Quartal COMMISSION into our existing IT landscape. Clear expected application integration and usage allowed Quartal to quickly define and implement the technical and functional specifications, with the necessary application adjustments to fit our needs. With more than half a million transactions yearly to be managed, we must run retrocession management processes efficiently and safely, which is only possible with a professional commission and fee management solution," says Pierre Souciet, Head of Change and PMO at ABN AMRO Bank Luxembourg S.A.

The co-work between ABN AMRO and Quartal Financial Solutions will soon be extended to other ABN AMRO Private Banking entities. "The successful implementation of Quartal COMMISSION at ABN AMRO in Luxembourg will help us continue expanding our market leadership in Europe. The last project with ABN AMRO was very positive. The close cooperation and experience we gathered will certainly help us carry out the future projects even more effectively. Both parties can therefore benefit from the global licensing model at its best" says Thierry Zuppinger, CEO from Quartal Financial Solutions AG.

Our new Quartal COMMISSION and Quartal FEE MANAGER factsheets provide you a clear insight into our industry-leading solutions at a glance and show how we can support you in the areas of commission and fee management.

Quartal COMMISSION: Quartal COMMISSION is Europe’s leading commission management and sales controlling solution in the B2B sector for the distribution of fund and bank products and for processing asset management fees. Quartal COMMISSION covers all types of distribution fees for funds and other financial products and services...

Quartal FEE MANAGER: Quartal FEE MANAGER is a professional solution for managing, invoicing and controlling all kinds of service fees in the financial services and insurance industries. The solution maximises the efficiency of our clients’ fee management processes and enables accurate and flexible invoicing of all types of service fees in the B2B and B2C sectors...

Quartal Financial Solutions, leading software provider in the financial industry, announces the appointment of Reto Käser as new Head of Marketing & Sales as of March 1st 2010.

Mr. Käser will focus on expanding the global client base for Quartal COMMISSION, Quartal FEE MANAGER and Quartal FLOW, unparalleled solutions for commission management, fee processing and fund reporting. In addition, he will also be managing some of the company’s key accounts – renowned banks, asset managers, security services providers, transfer agents, etc.

With over 20 years of sales and management experience in the financial services industry, Mr. Käser has held several key positions at companies like IBM, Computer Associates and Borland. Before joining Quartal, he was a successful Global Services Executive in charge of Credit Suisse at Microsoft Switzerland. “I am highly motivated for this challenging position at this solid and yet very dynamic company. With my extensive market knowledge, I’m fully aware of the benefits that Quartal’s solutions deliver to existing and future clients and therefore see great potential in the company’s product portfolio. I will ensure the development of new business relations and partnerships together with my team and will directly contribute to the company’s steadily growing success” says Mr. Käser regarding his new job.

Sparinvest, an independent provider of investment management and advisory services based in Copenhagen and Luxembourg, decided for Quartal COMMISSION and its Fee Management module end of last year. The distribution fees to be paid to partners, the accounts receivable management for portfolio management mandates and performance fees are to be automatically and transparently mapped into the solution.

Sparinvest had already launched an internal project for self-development of a customized solution with the assumption that no suitable product in the market would fulfill their specific requirements. After our first meeting at the Fonds Professionell Congress in Mannheim and further meetings in Luxembourg and Denmark that included a detailed "proof of concept", Sparinvest decided for the market leading solution: Quartal COMMISSION.

The project launch took place in November 2009. Currently the project is in the building phase, with the goal to enrich the best practice approach of our solution to their customer-specific additional requirements.

Quartal Financial Solutions AG presents both company and solutions in the April issue of the Fondswerte magazine, strengthening therewith its presence in the European market even further. Other publications are planned throughout the year.

The Fondswerte Magazine is an independent communication media made by professionals for professionals, with the aim to identify new and innovative business concepts. Precisely for this reason Quartal decided for this media partner and looks forward to the co-work.

Quartal Financial Solutions presents the new powerful Performance Fee Calculation Engine which supports you with:

- Various performance fee calculation algorithms
- Broad range of equalization methods
- Performance benchmarks & indexes
- Flexibility on payment & calculation frequencies

For further information please contact Quartal Financial Solutions under info@quartalfs.com

Dematerialize your Mutual Fund Sales Agreements with Quartal COMMISSION`s new DMFSA compliant system components:

- Term-Sheet Editor
- XML Interface
- DMFSA Report Template
- SWIFT Messenger

For further information please contact Quartal Financial Solutions under info@quartalfs.com

Quartal Financial Solutions is pleased to announce the release of Quartal FLOW 3.3. Among the new features, this release introduces the high fidelity excel output which enables output of both text and data, allowing even more workflow possibilities. Quartal FLOW now includes a new product administration interface alongside a new dictionary editor for improved control over integrated texts and phrases. Furthermore the report editor has been extended so users can see at a glance what is still outstanding for each report they are working on. These features coupled with inbuilt report templating features means going from initial production through to publication via the varied distribution options available to Quartal FLOW is possible within a matter of minutes.