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Andres Fischer
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Private Banker International Award for Avaloq

Private Banker International (PBI), the leading journal for the global wealth management industry, has announced today that Avaloq Asia Pacific has been awarded with the 2014 PBI Global Wealth Award in the category of “Outstanding Wealth Management Technology Provider – Most Effective Integrated Solution”.

Avaloq’s award is in recognition of the Avaloq Banking Suite’s comprehensiveness of functionality, which represents one of the most complete solutions in the financial markets today. It can resolve numerous issues within financial institutions with minimum customisations required, often streamlining processes and reducing complexity. The award’s focus lies on integration and reflects the Avaloq Banking Suite’s breadth in its ability to meet front, middle and back office requirements across a private bank. In addition, the recent announcement of a new Business Process Outsourcing (BPO) centre in Singapore enables Avaloq to offer its integrated wealth management solution on both a deployed and a BPO type model in Asia Pacific.

Private Banker International is the leading journal for the global wealth industry. Launched in 1987, it is the longest established international wealth industry title and has won a reputation as a cutting-edge working tool for private bankers, relationship managers and other industry professionals. The publication has offices throughout the world but has a strong APAC regional focus with centres in Singapore, Hong Kong, Sydney, Seoul, Beijing and Shanghai.

Peter Scott, General Manager for Avaloq Asia Pacific, comments: “Avaloq is delighted to have been selected by PBI for this award, our second in two years. We recognise PBI’s contribution to the provision of knowledge within the wealth industry across the world, and particularly in the APAC region. 2014 has been a milestone year for Avaloq in Asia. We have won several key customers in the region and have further strengthened our APAC presence with the launch of our BPO centre Avaloq Sourcing Asia Pacific, which, for the first time, will allow APAC customers the ability to access the Avaloq Banking Suite via a unique business model.”