Geneva-based Banque Privee Edmond de Rothschild (EDR) is set to deploy Avaloq Banking Suite to support its private banking operation in Switzerland, Luxembourg and Monaco.
Avaloq will provide a suite of outsourcing services, including implementation and maintenance of the Avaloq Banking Suite, a digital front to back platform, application management and IT infrastructure & operation.
EDR Group CEO Ariane De Rothschild said: "We are strongly committed to excellence and have therefore chosen to work with Avaloq as they are leading the way in banking technology. This partnership will help us to bring greater innovation into our group, and we look forward to the cooperation."
Avaloq group CEO Francisco Fernandez said: "It is exciting to welcome Banque Privée Edmond de Rothschild to our community. We are delighted to be working with the bank, which has chosen to rely on the Avaloq Banking Suite managed by our Swiss BPO centre."
Banque Privée Edmond de Rothschild Group is a family-controlled financial group focused on private banking and asset management. The company is active in corporate finance, private equity and investment fund administration.