22 April 2016

Maybank Private Wealth goes live on Avaloq Banking Suite

The Avaloq group, an international leader in integrated and comprehensive banking solutions, has today announced Maybank Private Wealth has implemented the Avaloq Banking Suite to expand on its offering to clients.

The Maybank Group, headquartered in Kuala Lumpur, is among Asia's leading banking groups and South East Asia’s fourth largest bank based on assets alone. The bank’s implementation of the Avaloq Banking Suite was completed in March of this year. Maybank has introduced a fully integrated state of the art solution for its Singapore based regional wealth management business.

Alvin Lee Han Eng, Head of Private Banking at Maybank, explains what led to the Avaloq partnership, “Maybank Private Wealth is immensely committed to offering a complete suite of solutions and products for our clients that will address their banking and wealth management needs. We are very pleased that we selected Avaloq as our system partner. With the Avaloq Banking Suite, we are even better positioned to serve our clients with a greater offering. The team behind the implementation of the Avaloq Banking Suite has been professional and competent throughout and a delight to work with.”

Peter Scott, General Manager Avaloq Asia Pacific, says, “This is a major milestone for Avaloq in the Asia Pacific region. To partner with another highly significant bank in the region and to see them successfully use an Avaloq solution is fantastic. This achievement supports our ambitious plans for further growth and expansion across the region and is another big step in Avaloq’s exciting journey in Asia.”

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