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Avaloq completes Zurich-based Derivative Partners’ acquisition

Juerg Hunziker, Avaloq, Group CEO

Avaloq has announced the completion of Derivative Partners’ acquisition that was announced in July 2019. The data provider will retain all of its staff and continue to act as an organizational entity.

Juerg Hunziker, Avaloq’s Group CEO, said: “We are delighted to have closed this significant acquisition, and I would like to thank the team at Derivative Partners for their utmost professionalism throughout the process. We are truly delighted to welcome them into the Avaloq Community, with our clients set to benefit from the firm’s extensive consulting capabilities and unparalleled know-how around structured products. The acquisition highlights Avaloq’s strong market confidence and underpins our vision of reinventing the financial experience in a fully digitized, always-on and data-driven world through powerful data analytics.”

According to Avaloq, the acquisition will enable it to provide independent valuation, trading, and financial instruments’ management to its new clients.

Established in 2000 in Zurich, Derivative Partners provides solutions for structured products to more than 40 market participants including issuers, private banks, asset managers and exchanges with valuations of option-linked securities and complex financial products. In addition, the firm calculates regulatory figures and portfolio management ratios as well as third-party valuation models and provides quantitative support for Investment Banking and Trading divisions. Its range of services further includes product governance, life cycle management solutions and media services.

Financial terms of the acquisition have not been disclosed.

Recently, Avaloq announced that its e-banking solution has gone live at the Swiss universal bank Thurgauer Kantonalbank.

Avaloq

Headquartered in Switzerland, Avaloq provides a standardized Business Process as a Service (BPaaS) or Software as a Service (SaaS) model to banks and wealth managers.

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