In 2011, Quartal signed on several large-scale clients, expanding its client base to over 50 leading financial services providers worldwide, processing over € 12.4 trillion in AUM and representing 6 out of the top 10 asset management companies. Additionally, the company made several strategic new hires, expanding its headcount in both Luxembourg and Zurich, including the appointment of Jack Massarano as Client Services Director and Gerd Klask as Sales & Marketing Director, members of the executive management.

Quartal’s record performance was driven by the increasing competitive pressure in the industry and the consequent demand to continue investments in process automation. The company’s flagship products Quartal COMMISSION / FEE MANAGER guarantee effective billing processes and enable financial services providers to accurately invoice distribution and service fees.

“In a dynamic environment, Quartal delivered the best year in history. The surging need within the asset and fund management industry to comply with new regulatory standards and the consequent growth of our company clearly indicate that we are on track with our strategic focus and will continue to expand our market leadership, “said Thierry Zuppinger, CEO of Quartal.

In an interview featured on the Special Report on Technology and Systems Solutions in Asian Wealth Management, Gerd Klask, Sales Director for Quartal Financial Solutions, explains some of the ways that financial services providers can more efficiently and effectively manage their fees and commissions – and why this adds value from operational, cashflow and compliance perspectives.

The report is released by Hubbis, a provider of professional publications, online content and training to Asia's Wealth Management & Private Banking Industry.