Pekao Financial Services, a subsidiary of Bank Pekao of Poland, has chosen Mshare from Global Investment Systems for its shareholder accounting and administration.
Pekao Financial Services is the leading third party provider of transfer agency services in Poland, currently handling about one-third of the domestic mutual fund market, including funds managed by Pioneer Pekao Investment Management.
Mshare is GIS' transfer agency and shareholder recordkeeping system for both retail and institutional investment funds. The vendor says it will customise the system to Pekao's requirements over the next six months taking into account the special needs of the Polish market.
Headquartered in Hackensack, NJ, GIS also has an office in Dublin, Ireland.