Haitong International accelerates digitalization of its Private Wealth Management business with Avaloq

Haitong International, one of China’s leading financial institutions in Hong Kong, has chosen the Avaloq Wealth platform, which offers a state-of-the-art client experience based on real-time intelligence, helping wealth managers to provide highly personalized investment advice.

The Avaloq Wealth platform offers a modern microservice architecture, allowing financial institutions to consistently scale the growth of their wealth management business. Haitong International is going to implement Avaloq Wealth’s specialized solutions over the coming months for its Private Wealth Management operations in Hong Kong and Singapore.

Austin Luo, Haitong International’s Head of Private Wealth Management, said: “As in most other similar industries, we are seeing a strong trend towards digitalization in wealth management. We endeavour to help our clients optimize their portfolios by designing top-notch investment solutions for them. We look forward to the partnership with Avaloq to bring premium experience to our clients.”

Pascal Wengi, Managing Director for North Asia at Avaloq, said: “We are delighted to welcome Haitong International to the growing Avaloq Community. As a digital and core-agnostic platform, Avaloq Wealth is designed to seamlessly integrate into existing IT landscapes. It is therefore ideally suited to unleash the full growth potential of Haitong International’s Private Wealth Management business.”