Aquin Components GmbH operates under the company name Princeton Financial Systems GmbH with immediate effect, following the acquisition of Aquin Components by Princeton Financial Systems LLC (PFS), a subsidiary of State Street Corporation in October 2008.
The international subsidiaries of former Aquin Components GmbH in London, Paris and Zurich will also change their names to Princeton Financial Systems Ltd. (in United Kingdom), Princeton Financial Systems France SAS (in France) and Princeton Financial Systems Schweiz GmbH (in Switzerland).
With the combined company, Princeton Financial Systems offers all of its clients a greatly expanded product and service offering, with an extended geographical reach. Princeton Financial Systems will continue all operations in the previously existing Aquin offices. The Managing Directors of Aquin and their teams remain with Princeton Financial and will continue to support previously provided products and services, as well as introduce new value added offerings available as a result of the transaction, including a global 24/7 support model.
Götz Bernhardi, Managing Director of Princeton Financial Systems GmbH and former CEO of Aquin Components GmbH said, "The new name creates a strong global brand supporting the business. It also emphasizes Princeton Financial¹s commitment to build one integrated company. Princeton Financial¹s PAM fund accounting solution complements legacy Aquin¹s compliance, data management, reporting and NAV reconciliation solution portfolio and allows us to better compete in the global marketplace by providing a more comprehensive offering with reduced integration risk."