Quartal Financial Solutions, a Zurich-headquartered software provider for commission and fee management solutions, has entered the Hong Kong market with a client in the shape of a wealth management APAC division of a Swiss financial services company.

The bank will be using Quartal FEE MANAGER in order to handle its periodic fee invoicing process for its wealth management clients within the entire APAC region, covering several regional markets, said Quartal in a statement.

“This project represents a historic milestone for our company since it constitutes the largest project for our company outside of Europe,” said Thierry Zuppinger, chief executive of Quartal Financial Solutions.

Zuppinger added that the first installation of Quartal FEE MANAGER will host up to 1000 users.

The project will be split into “two major phases” of which the first is planned to go live at the end of 2011.