Avaloq is proud to announce that the community of banks relying on its outsourcing solutions has grown further with the going live of Edmond de Rothschild (Suisse) S.A in Switzerland. Avaloq has successfully implemented the Avaloq Banking Suite for the Swiss private banking operations at the family-controlled financial group focused on private banking and asset management.
Edmond de Rothschild (Suisse) S.A. in Switzerland has successfully gone live with the Avaloq Banking Suite. 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. In addition to its core business, the company is active in corporate finance, private equity and investment fund administration.
Following the successful going live, Avaloq now provides Edmond de Rothschild (Suisse) S.A. with a comprehensive set of outsourcing services. These services include the implementation and maintenance of the Avaloq Banking Suite, a digital front-to-back platform, application management and IT infrastructure and operation. It also provides a new, centralised operating model based on a homogenous IT platform with the same processes across all regions. This new 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, explains: “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.”
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“We are delighted that Edmond de Rothschild (Suisse) S.A. in Switzerland has gone live with the Avaloq Banking Suite managed by our Swiss BPO centre,” adds Markus Gröninger, Avaloq’s Group Chief Global Processing Network. “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.”