16 May 2018
Avaloq opens state-of-the-art office and service facilities in Singapore

Avaloq, one of the world’s leading fintech companies, has opened new Asia Pacific regional headquarters in Singapore. With the opening of the new state-of-the-art premises in the Bugis Junction Towers, Avaloq Asia Pacific will be the first Avaloq office globally to combine Avaloq’s software and services expertise in one centralized hub.

Since establishing a base in Asia Pacific in 2007, Avaloq has grown into a substantial partner for many of the region’s leading banks. Customers include Bank of Asia, Maybank and China CITIC Bank. The pace of growth and the significant opportunities have fuelled the need for new facilities and an expansion of Avaloq’s local infrastructure. While Avaloq’s existing services premises in the Galaxis East Tower in Singapore will remain, the new offices in the Bugis Junction Towers will combine Avaloq’s traditional software expertise and sales business with its growing banking operations services. This facility approach ensures business continuity and achieves uninterrupted service operations for Avaloq’s banking service customers.

The new, modern premises showcase and reflect the different aspects of Avaloq’s business activities and the fast-growing needs of its customers, combining technology and security with financial services. Over 100 highly digitized workplaces, multifunctional zones, collaboration areas and meeting rooms have been created, with capacity for future expansion.

All rooms are equipped with the latest communication and collaboration technologies such as videoconferencing and phone booths as well as plenty of writeable and dynamic walls, offering employees an attractive, bright and modern working environment. Employees also have direct access to a rooftop terrace and a pantry, which can also be converted for townhalls and workshops. Significantly, the facility has been designed with exceptional levels of security in mind and adheres to Avaloq’s strict security and information management protocols.

Jürg Hunziker, Avaloq Group CEO, said: “With these new premises, Avaloq is making a clear statement about its ambitions in the Asia Pacific market. We want to be seen as the leading core banking solutions partner for financial institutions in the region and this new office is a tangible reflection of that goal. We are already very firmly established with a large and growing number of customers, and with this new facility we can leverage even more synergies from our comprehensive business model to drive success in this important growth market.”

Pascal Föhn, Chief Operations Officer of the Avaloq Group, said: “A key element of our success is that we both challenge and support our employees. This also includes providing them with a working environment that inspires them, stimulates them to exchange ideas and encourages innovation. The new Avaloq premises in Singapore are proof of our aspiration to be a ‘great place to work’ for our existing staff and potential high-qualified professionals for our future growth.”