Avaloq has implemented the Avaloq Banking Suite for the Swiss private banking operations at Edmond de Rothschild (Suisse), a family-controlled financial group focused on private banking and asset management.
It means the services provided by Avaloq to Edmond de Rothschild (Suisse) include the implementation and maintenance of the Avaloq Banking Suite, as well as a centralised operating model based on a standardised IT platform with the same processes across all regions.
This model enables improved support of all of the bank’s branches in Switzerland. In 2018, additional entities of Edmond de Rothschild (Suisse) S.A. in Monaco and Luxembourg will be migrated to the same setup based on the Avaloq Banking Suite.
Ariane de Rothschild, president of the executive committee of the Edmond de Rothschild Group, said: “The delivery of our new IT platform, as planned and on time, is key in allowing us to innovate and fulfil our digital ambitions to provide outstanding solutions that meet our clients’ evolving needs.”
Markus Gröninger, Avaloq’s group chief global processing network, added: “Thanks to improved efficiency and effectiveness, we will help the bank to reduce costs and free up resources, which will provide more operational leeway to focus on business development and existing customers.”
Headquartered in Geneva, Switzerland, with offices, branches and subsidiaries throughout the world, Edmond de Rothschild (Suisse) S.A. is specialised in private banking and asset management.