We celebrated Quartal’s 20 Years anniversary in Lisbon in 2019

A Lesson on Quartal’s History

1999
Foundation of Aquin Financial (Schweiz) AG in December 1999 by Ulrich Jacobi (founder & former CEO) as a general IT consultancy company with a focus on data management consulting and compliance solution implementations (DVS & MIG21)

2001
First project implementation of VPS 1.0 for Bank Clariden Leu Switzerland

2003
Additional VPS project implementations for ABN Amro Switzerland and Allianz Germany

2005
Merger between Aquin Financial (Schweiz) AG and Quartal Oy to form Quartal Financial Solutions AG with the following product offering:

  • MIG21 (Implementation Partner) / DVS (Implementation Partner) / FIS
  • MDS / VPS / FE (which later on became Quartal FLOW)

2006
Rebranding of VPS to Quartal COMMISSION (Release 3)

2007
Invention and implementation of Quartal FEE MANAGER as a by-product of Quartal COMMISSION for Société Générale Bank & Trust in Luxembourg

Quartal COMMISSION & FEE MANAGER Release 4

2007
First phase of creating our product based on a large, self-funded reengineering project, incl. change of technology stack and introduction of Scrum as a development process

2008
Successful pilot implementation of new product for Credit Suisse Singapore

Quartal COMMISSION Release 5

2009
Appointment of new CEO, Thierry Zuppinger

2010
First win of a large client account for Quartal COMMISSION:
UBS Global Asset Management

2011
Additional sales success with larger international clients: Citi Bank, HSBC Securities Services, RBC Investor Services, UBS Wealth Management APAC, SGSS, European Fund Administration, etc.

First institutional billing client for Quartal FEE MANAGER:
Schroders Investment Management

2012
Quartal COMMISSION & FEE MANAGER Release 6

Change of ownership: a group of private and institutional investors acquired the majority of Quartal Financial Solutions AG from Quartal Oy and former investors

2013
Second phase of the process to create the desired product (& a product company) under the guidance of new investors.

Quartal COMMISSION & FEE MANAGER Release 7

Opening of Quartal UK office in London

2014
Funding round 1 with existing & new shareholders

Corporate restructuring program “Reciprocity” to lift the company to the next level

2015
Quartal COMMISSION & FEE MANAGER Release 8

Funding round 2 with existing & new shareholders

2016
Launch of Quartal COMMISSION & FEE MANAGER Release 9

Incorporation of Quartal Financial Solutions Inc. in the US

(Pre-IPO) funding round 3 with existing & new shareholders

2017
Launch of Quartal COMMISSION & FEE MANAGER Release 10

2018
Opening of Quartal Lisbon office

2019
Initiation of new web front end project as a foundation for Release 12

Quartal COMMISSION & FEE MANAGER Release 11