TrustQuay signs four tech deals following positive market research
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TrustQuay signs four tech deals following positive market research 21 September 2020London Reporter: Rebecca Delaney
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TrustQuay has signed four new technology deals with clients in Switzerland, Cyprus and Mauritius.
The deals, signed with Zurich-based Treuco, Crystalserve Fiduciary Services in Cyprus, Tri-Pro Administrators in Mauritius and an unnamed Cypriot client, will construct new administration and accounting platforms.
Keith Hale, executive chairman of TrustQuay, commented: “We are delighted to have
closed four new technology deals over the summer and to be working in partnership to
support these clients to increase efficiencies, reduce costs and support their growth plans.”
“Despite the restrictions brought about by the COVID-19 pandemic, we at TrustQuay have continued to see strong interest from clients looking to digitalise their business models.”
The new deals follow research from the corporate services, trust and fund administration provider found that the trust and corporate services market is expected to recover from short-term COVID-19 related impacts.
The survey of wealth managers, private banks, fund administrators, and trust and corporate services providers found that 50 percent of respondents expected business activity to return to pre-pandemic levels within 6 months, while 26 percent stated one year.
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