AVALOQ ANNOUNCES SUCCESSFUL IMPLEMENTATION OF ITS FIRST FULLY INTEGRATED UK WEALTH MANAGEMENT PLATFORM FOR CANACCORD GENUITY WEALTH MANAGEMENT

The Avaloq group, an international leader in integrated and comprehensive wealth management and banking solutions announced the successful transition of CanaccordGenuity Wealth Management in the UK and its offshore locations to a fully integrated modular software solution to support back, middle and front office functions.

CanaccordGenuity Wealth Management is an award-winning wealth manager committed to providing investors with a broad array of wealth management solutions. Its Investment Professionals manage and administer over £11 billion of assets on behalf of more than 12,000 clients from offices in London, Guernsey, Jersey and the Isle of Man.

The transition to Avaloq provides CanaccordGenuity Wealth Management with complete flexibility to deliver innovative investment solutions and world-class client service, while providing the essential infrastructure to pursue its ambitious growth plans.

“The successful implementation of the Avaloq platform allows us to focus on delivering innovative wealth management solutions and creating long term value for our clients,” said David Esfandi, CEO, CanaccordGenuity Wealth Management (UK). “Avaloq has become a trusted strategic partner and we look forward to ongoing collaboration, as we service growing numbers of discerning wealth management clients in a changing market and regulatory environment.”

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Chris Longden, managing director of Avaloq UK, says, “The project was an excellent example of real partnership. Avaloq, together with Orbium as our Strategic Implementation Partner for the UK, worked closely with CanaccordGenuity Wealth Management for 15 months to ensure the first pure wealth manager in the Avaloq UK Community achieved a successful live running.”

Olivier Vuichard, managing director of Orbium UK, says, “This successful partnership has clearly established our position as a major contributor to Avaloq-enabled business transformation projects in the UK”.

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About Avaloq: Essential for Banking

The Avaloq group is an international leader in integrated and comprehensive solutions for wealth management, universal and retail banks. It has a reputation for the highest standards in engineering excellence, is passionate about innovation and invests more in R&D than any other provider for the financial industry. The company’s meticulous and uncompromising attention to detail has enabled it to achieve a unique 100% success rate in its implementation of banking solutions around the world. The entire Avaloq Banking Suite is consistently designed throughout and delivers unique business benefits to its users as well as strong technical performance. Avaloq is the only independent provider for the financial industry to both develop and operate its own software. Business process and IT outsourcing solutions are offered from Avaloq’s BPO centres in Switzerland, Germany and Singapore. The company employs more than 1,800 highly qualified banking and IT specialists and has a global customer base of more than 140 financial institutions in over 20 countries worldwide, including tier one banks in the most demanding financial centres. Headquartered in Switzerland, Avaloq has branches in Berlin, Frankfurt, Geneva, Hong Kong, Leipzig, London, Luxembourg, Paris, Singapore, Sydney and Zurich. It has development centres in Zurich, Edinburgh and Manila.

In the UK, Avaloq’s recent milestones include the extension of the Edinburgh R&D centre and the 2015 Private Banker International Award in the category ‘Outstanding Wealth Management Technology Provider’.

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