EUROPE - Marlborough Stirling, a provider of software, services and consultancy to the financial services industry, has expanded its operations in continental Europe by opening offices in Milan and Madrid.
The move follows recent regulatory change in continental Europe that has created opportunities for Marlborough Stirling's software and services that are already operational in the UK market.
The firm said that current pension and savings reforms are leading to a transition from defined benefit to defined contribution pension arrangements and that the introduction of lower charges or tax breaks to encourage people to save for their retirement. This, the firm said, is presenting product providers with the challenge of developing new administration systems to cater for the new savings schemes.
David Edwards, director of European operations at Marlborough Stirling, said: Fiscal reforms in many European states are creating demand for technology solutions.
Marlborough Stirling's subsidiary company, Life Strategies, is an actuarial and strategic consultancy firm that specialises in helping companies set up pan-European life assurance operations using Ireland as a base. The new offices will cater for the specific requirements of their respective regions. Other target markets include Germany, France and Benelux.
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