10 February 2015

Banque de Patrimoines Privés SA in Luxembourg fully operational on Avaloq Banking Suite

Banque de Patrimoines Privés SA has successfully migrated to the Avaloq Banking Suite. The transition further strengthens Avaloq’s presence in Luxembourg.

The Avaloq group, an international leader in integrated and comprehensive solutions for wealth management, universal and retail banks, has announced the successful transition of Banque de Patrimoines Privés SA to the Avaloq Banking Suite.

The Luxembourg-based private bank is part of the Crèdit Andorrà Group, the leading financial group in Andorra. Other Crèdit Andorrà Group entities that use the Avaloq Banking Suite are the subsidiaries in Andorrà and Panama as well as Banco Alcala in Spain.

Tecla Solari, General Manager for Western and Southern Europe at Avaloq, says: “The successful migration of Banque de Patrimoines Privés is significant for two reasons: Firstly, it is again a proof that we can support international financial institutions that need a solution capable of supporting their cross-border activities. Secondly, it further strengthens our expansion in Luxembourg and in the Western European market.”

Carlos Fernández-Rubíes, Managing Director at Banque de Patrimoines Privés SA adds: “The contribution of Avaloq to the Crèdit Andorrà Group has been substantial. We feel very enthusiastic about the fact that the Avaloq Banking Suite is now deployed at Banque de Patrimoines Privés, and that we will be able to profit from all the advantages that come with this state-of-the-art platform.”

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