London, UK (02.02.2018) – Quartal Financial Solutions, a leading, global provider of revenue and expense management solutions, announced that it has extended its relationship with a leading UK-based, global Asset Manager to cover processing of distribution commissions and fund rebates.

The Asset Manager, delivering a broad range of investments to meet the diverse needs of institutions, intermediaries and high net worth individuals, has been successfully using the Quartal FEE MANAGER solution since 2012 and has now executed a further agreement to license the capability of Quartal COMMISSION. The solution will be used by the Luxembourg-based fund services division and roll-out is planned to commence, across multiple books of business, from Q2 2019 onwards.