01 July 2016

Banque Privée Edmond de Rothschild introduces Avaloq solution

Banque Privée Edmond de Rothschild (EDR) to implement the Avaloq Banking Suite.

Banque Privée Edmond de Rothschild Group is an independent, family-controlled financial group focused on private banking and asset management. It is headquartered in Geneva, Switzerland, with offices, branches and subsidiaries throughout the world. In addition to its core businesses of private banking and asset management, the bank is active in corporate finance, private equity and investment fund administration.

In order to support the private banking activities of all the branches in Switzerland, Luxembourg and Monaco, Avaloq will be implementing a full Application Service Provider (ASP) solution. The Avaloq group will provide a comprehensive set of outsourcing services. These services include implementation and maintenance of the Avaloq Banking Suite, a digital front to back platform, application management and IT infrastructure & operation.

Ariane De Rothschild, CEO at EDR Group, said: “We are strongly committed to excellence and have therefore chosen to work with Avaloq as they are leading the way in banking technology. This partnership will help us to bring greater innovation into our group, and we look forward to the cooperation.”

Francisco Fernandez, CEO Avaloq group, said, “It is exciting to welcome Banque Privée Edmond de Rothschild to our community. We are delighted to be working with the bank, which has chosen to rely on the Avaloq Banking Suite managed by our Swiss BPO centre. We look forward to seeing how our technology will be used to boost their business.”

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