Wealth management IT firm Avaloq has opened new Asia Pacific regional headquarters in Singapore.
While Avaloq’s existing services premises in the Galaxis East Tower in Singapore will remain, the new offices in the Bugis Junction Towers will combine Avaloq’s traditional software expertise and sales business with its banking operations services.
Jürg Hunziker, chief executive at Avaloq said: “With these new premises, Avaloq is making a clear statement about its ambitions in the Asia Pacific market. We want to be seen as the leading core banking solutions partner for financial institutions in the region and this new office is a tangible reflection of that goal. We are already very firmly established with a large and growing number of customers, and with this new facility we can leverage even more synergies from our comprehensive business model to drive success in this important growth market.”
Since establishing a base in Asia Pacific in 2007, Avaloq has partnered with a number of region’s banks with customers including Bank of Asia, Maybank and China CITIC Bank.
Avaloq has over 2,000 employees from 66 nationalities, and 158 banks and wealth managers have chosen Avaloq technology to manage client assets worth over CHF 4,000 billion.