Rothschild Private Banking & Trust wanted to invest in a solution capable of supporting the bankâs growth ambitions. The bank will implement all modules of the Avaloq Banking System and more than 250 employees at Rothschild will be working with the system across the bankâs London and Zurich branches.
Veit de Maddalena, CEO of Rothschild Private Banking & Trust, is looking forward to working with Avaloq: âWe chose their System as it comes with a preconfigured âModel Bankâ and covers all the functionalities needed by a bank â front to back. We are positive that the Avaloq Banking System will help us substantially reduce our operating risk and increase our ability to support new markets.â
Jose Manuel Carro, Managing Director of Avaloq UK, comments, "The signing of our third private banking customer in the UK demonstrates the strength of our solution in the market. As banks in the UK look to manage the many challenges in todayâs market, we believe the Avaloq Banking System can help to support financial institutions in better managing their risk, improving efficiency and enabling greater transparency.â