Avaloq Group AG - Company Profile
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Avaloq Group AG (Avaloq), a subsidiary of NEC Corp, is a provider of wealth management technology and services for financial institutions. The company's major activities include developing and operating digital banking solutions. It offers a comprehensive platform that covers core banking software, investment management, trading, lending and credit, payments, treasury, risk and compliance, data analytics, and integration services. Avaloq offers Aladdin Wealth by BlackRock, which is pre-integrated with Avaloq's platform. The company's products and services cater to private banks, wealth managers, investment managers, retail banks, and neobanks to enhance efficiency and client experience. The company operates in Europe and the Asia-Pacific region. Avaloq is headquartered in Zurich, Switzerland.
Headquarters
Switzerland
Address
Allmendstrasse 140, Zurich, 8027
Website
www.avaloq.com
No of Employees
2,500
Industry
Technology and Communications
Avaloq Group AG premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Product: | Technology Services |
| Avaloq Platform | Banking Operations |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In June, the company entered into a collaboration with Capital Union Bank to further improve client interaction and engagement. |
| 2022 | Contracts/Agreements | In October, the company entered into a partnership with Bank Central Asia to enhance its wealth management business. |
| 2022 | Contracts/Agreements | In August, the company was selected by UnionBank of the Philippines to transform its wealth management platform. |
Competitor Comparison
| Key Parameters | Avaloq Group AG | Crealogix Holding AG | Azqore SA | Fundtech Ltd. (Switzerland Office) | Luxoft Global Operations GmbH |
|---|---|---|---|---|---|
| Headquarters | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland |
| City | Zurich | Zurich | Lausanne | - | Zug |
| State/Province | Zurich | - | - | - | Zug |
| No. of Employees | 2,500 | 380 | 900 | - | - |
| Entity Type | Private | Private | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Martin Greweldinger | Chief Executive Officer | Senior Management | 2024 | - |
| Thomas Widmer | Chief Financial Officer; Chief Operating Officer | Senior Management | 2021 | - |
| Tobias Holetzko | Chief Strategy Officer | Senior Management | - | - |
| Hubert Gmunder | General Counsel | Senior Management | - | - |
| Roberto Vigano | Chief Service Operations Office | Senior Management | 2001 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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