The leading cloud platform and service provider for banks, wealth managers and investment firms has closed the acquisition of Derivative Partners AG, a Zurich-based information and data provider for structured products and derivatives in Switzerland, who will continue to operate as an organizational entity, with all staff retained.
Avaloq will now leverage Derivative Partners’ analytical services to offer both established and new clients the independent valuation, trading and management of highly complex financial instruments such as structured products and ETF markets.
Juerg Hunziker, Chief Executive Officer at Avaloq Group, 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
Derivative Partners provides solutions for structured products to More than 40 market participants – including issuers, private banks, asset managers and exchanges – use Derivative Partners’ solutions for structured products, with valuations of option-linked securities and complex financial products, calculations of regulatory figures and portfolio management ratios as well as third-party valuation models and quantitative support for investment banking and trading divisions.
Last year, Avaloq announced a partnership with IBM to build a private “Swiss Banking Cloud” for its private cloud infrastructure services in Switzerland and its global hybrid cloud environment. Fully compliant with the Swiss legal and regulatory requirements applicable to banks, the private cloud infrastructure and the new operating model will be based on IBM’s infrastructure capabilities in order to create and offer state-of-the-art solutions to Avaloq’s prospects and existing SaaS and BPaaS clients.
Most recently, Avaloq partnered with algorithmic trading software provider AlgoTrader to make the digital asset management ecosystem available to its extensive banking and wealth management clients worldwide so they can manage their automated crypto trading and to get access to all major crypto exchanges through a robust FIX API.