Falcon Private Bank has entered into a partnership with Move Digital, a registered name of Swiss-based Move Wealth Management which provides automated intelligent sourcing systems.
The partnership will grant the bank access to Move Digital’s digital platform which uses technology to connect the investment products value chain in one tool and provide intelligent utilisation of data, news, research and products.
The digital advisory platform is expected to allow relationship managers to provide clients with personalised advice, and the partnership intends to further develop Move Digital’s offering in portfolio and trading solutions and includes a minority equity investment of Falcon into Move Digital.
Global head of products & services at Falcon Private Bank, Arthur Vayloyan, commented: “We are delighted to start our first major partnership with Move Digital. Falcon acts as an early adopted of Move’s products and services and we are excited to further develop them in close cooperation with Move Digital and its high calibre team.
“We are convinced that these new technology driven state-of-the-art solutions increase our attractiveness and have a positive impact on our organisation and growth.”
Co-founder and chief executive of Move Digital, Mohammed Alaoui, added: “We are excited to partner up with an agile bank like Falcon that shares our vision of digitally enabled financial institutions and look forward to realise the synergies the cooperation will bring.”
Falcon Private Bank is a Swiss private banking boutique with 50 years of experience in the wealth management sector. It provides financial services to private clients and wealth families from its headquarters in Zurich and locations in London, Abu Dhabi and Dubai.