Banque de Patrimoines Privés SA, the Luxembourg-based private bank part of the Crèdit Andorrà Group, has migrated to the Avaloq Banking Suite as the provider further strengthen its presence in the jurisdiction.
Tecla Solari, general manager for Western and Southern Europe at Avaloq, says: "The successful migration of Banque de Patrimoines Privés is significant for two reasons: Firstly, it is again proof that we can support international financial institutions that need a solution capable of supporting their cross-border activities. Secondly, it further strengthens our expansion in Luxembourg and in the Western European market."
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Other Crèdit Andorrà Group entities that use the Avaloq Banking Suite are the subsidiaries in Andorrà and Panama as well as Banco Alcala in Spain.
Carlos Fernández-Rubíes, managing director at Banque de Patrimoines Privés SA adds: "The contribution of Avaloq to the Crèdit Andorrà Group has been substantial. We feel very enthusiastic about the fact that the Avaloq Banking Suite is now deployed at Banque de Patrimoines Privés, and that we will be able to profit from all the advantages that come with this state-of-the-art platform."
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