Avaloq, Aladdin expand partnership with Arab Bank Switzerland

By Vriti Gothi

Avaloq and Aladdin Wealth, part of BlackRock, have expanded their collaboration with Arab Bank Switzerland, as the private bank extends its use of digital banking and wealth management technology to enhance client servicing and operational efficiency.

Under a renewed agreement, Arab Bank Switzerland will broaden its adoption of the Avaloq platform to include mobile banking and relationship management capabilities. The rollout will enable clients to access secure, mobile-first interfaces and execute trades via smartphones, while also introducing Avaloq’s RM Workplace solution to improve front-office productivity and streamline client interactions.

The move builds on an existing partnership established in 2017, under which Avaloq has been providing core banking software through a software-as-a-service (SaaS) model alongside business process outsourcing (BPaaS). This infrastructure has supported the bank’s expansion, with group assets under management, including Gonet, reaching nearly CHF 20 billion by the end of 2025.

A key element of the latest development is the integration of Aladdin Wealth technology, making Arab Bank Switzerland the first Swiss bank to adopt the joint Avaloq–Aladdin Wealth solution. The platform is designed to provide advanced portfolio construction and risk management tools within a unified environment, enabling wealth managers to deliver more data-driven and personalised advisory services.

Martin Greweldinger, Group CEO at Avaloq, said the partnership would support the bank’s end-to-end transformation. “With this latest milestone, Avaloq will support the bank’s operations across the front, middle and back office, enabling its continued strong growth and keeping its systems at the forefront of technology.”

Yves Spörri, CEO of Arab Bank Switzerland, emphasised the strategic importance of integrated technology platforms in wealth management. “We are committed to offering our clients the best wealth management experience, and we are glad we can rely on Avaloq’s and Aladdin Wealth’s software, integration capabilities and managed services to achieve this,” he said.

Zachary Lerner, Head of Aladdin Wealth Tech EMEA at BlackRock, added that the integration reflects increasing demand for unified data and technology frameworks. “By integrating Aladdin Wealth technology alongside Avaloq’s digital platform, we’re equipping Arab Bank Switzerland with a unified solution that elevates advisory capabilities and enhances client outcomes.”

The development highlights a broader shift in the private banking sector toward platform consolidation and advanced analytics, as institutions seek to modernise legacy systems and deliver more personalised, digitally enabled wealth management services.