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Avaloq launches first branch office in Australia

Avaloq Group, a provider of standardized banking software, has opened its first branch office in Sydney, Australia, to strengthen operations in the region.

The technology company said that the opening underlines its aims to expand presence in the financial markets across the globe.

Under its continuous internationalization strategy, the company has already opened various offices in different counties in recent years.

The Australian market has a great potential for wealth management platforms such as the Avaloq Banking System, the company said.

The fully integrated banking system provides the whole field of investment products as well as covers local tax and superannuation requirements.

Avaloq CEO Francisco Fernandez said that launch of new Australian office enables the company to fulfill its client’s needs and requirements without having to work around different time zones.

The company has already launched its regional headquarters in Singapore in 2007, which will further support its Australian operations.