Pictet has installed software firm Avaloq’s banking
in its subsidiaries in Luxembourg,
France, Germany and Spain, the Swiss private banking
firm has said.
After the rollout of the Avaloq system in Pictet, a total of
2,200 employees now use the Avaloq Banking System. Additional subsidiaries in Asia are scheduled to be migrated on to the system.
Zurich-based Avaloq maintains two development centres in Switzerland and the UK and employs over 1,000 staff.