Qualco Group to acquire a 75% stake in Trusset Asset Management from AstroBank.

Qualco Group, an expert provider of debt portfolio management systems and technology-enabled services, agreed to acquire a 75% stake in Trusset Asset Management, a provider of management services, from AstroBank, a Cyprus bank. Financial terms were not disclosed. As part of the acquisition and transfer of the Business, Qualco Group has hired members of AstroBank’s staff, who up until now have been managing the specific portfolio, also acquiring the relevant technological infrastructure.