“Being able to fully focus on our clients and always exceed their expectations by providing them with state-of-the-art services and products is a decisive factor for our long-term competitiveness,” said BIL Suisse's chief executive, Thierry de Loriol.

“With the Avaloq group we have a strong partner at our side, supporting us in ensuring that our clients receive the best possible service. With this partnership, we significantly underpin and support our growth strategy.”

Earlier this year, Avaloq announced Canaccord Genuity Wealth Management in the UK and offshore locations had taken up its modular software solution that supports back-, middle- and front-office functions.