13 February 2013

Avaloq Opens Branch Office in Sydney, Australia

Zurich, Switzerland - 12 February 2013 - The Avaloq Group announced the opening of its first branch office in Sydney, Australia as part of its continuous internationalisation strategy. The expansion to Australia comes after the company successfully established local offices in various regions in recent years. 

Avaloq signed its first customer on the Australian continent – one of the reasons why the company decided to further extend its international presence and open a branch in Sydney. The Australian market bears a great potential for wealth management platforms such as the Avaloq Banking System. The fully integrated solution offers the entire field of investment products and additionally covers local tax and superannuation requirements. Combined with a team of experts, equipped with substantial know-how and experience regarding the Australian financial market, Avaloq significantly improves its local position. 

"Opening an office in Australia is yet another important step in our internationalisation strategy and an additional milestone in Avaloq’s remarkable company history. Building up a local presence in the most demanding financial centres worldwide ensures that we are close to the markets and companies we work with. This allows us to cater towards our client’s needs and requirements without having to work around different time zones”, says a delighted Francisco Fernandez, CEO Avaloq. “The Australian market has immense potential, with demand for wealth management platforms increasing. Being present in Australia is the logical move for the company”, Fernandez continues. 

The new Avaloq branch in Australia will significantly profit from the vast experience of the regional headquarters in Singapore, which was established in 2007. The Singapore branch has seen strong expansion in recent years under the management of Martin Frick, Managing Director Asia Pacific. 

The Avaloq group is the international reference for integrated and comprehensive banking software solutions for retail, wealth management and universal banks. The company, with its headquarters in Freienbach (Switzerland), has branches in Frankfurt, Geneva, London, Luxembourg, Paris, Vienna, Zurich, Hong Kong, Singapore and Sydney. It has two development centres, one in Zurich and one in Edinburgh, as well as a support centre in Manila.

Source: Avaloq