Qualco Group acquires a majority stake of 70% in Middle Office
Qualco Group announces it has acquired a majority stake of 70% in Middle Office, a company providing specialised services to manage and monitor Wholesale Portfolios effectively.
The partnership marks the establishment of the Business Process Outsourcing Unit within Qualco Group, which will address banks, Servicers, and utilities. These new services will enable the organisation’s clients to focus on business growth through automated processes and access to advanced technologies, alongside resource and cost optimisation.
Established in 2022, Middle Office provides banks and Servicers with ISO 9001-certified loan management services, including loan and credit support, loan lifecycle management and legal action implementation support.
At the same time, the company has developed the MOS SYSTEM, a proprietary, scalable, real-time loan and collateral management system. This allows clients to manage loan relationships holistically. Combined with Qualco Group’s proprietary technology, it is expected to drive significant changes in the financial sector.
“At Qualco Group, we constantly explore new opportunities to broaden the scope of our services, creating value for our clients. Our partnership with Middle Office, a well-established company in Business Process Outsourcing, further enhances our efforts in this respect”, stated Mr Miltos Georgantzis, CEO of Qualco Group.
Mr Kostas Moraitis, Founder and CEO of Middle Office, said: “We are pleased that Middle Office, after a successful journey, joins Qualco Group. We are confident that the organisation will capitalise on our experience, unlocking significant synergies and positively impacting the financial landscape.”