Julius Baer goes live with WealthSuite in Asia

Temenos (SIX: TEMN), the banking software company, today announced that Julius Baer’s divisions in Singapore and Hong Kong have successfully completed the migration to Temenos WealthSuite. WealthSuite combines core banking, portfolio management, channels and analytics functions in a single wealth management platform.

Julius Baer is a leading Swiss private banking group with around 400 billion USD in assets under management globally. The bank focuses on providing high-end services and in-depth advice to clients around the world.

Nic Dreckmann, COO, Julius Baer, commented: “We are pleased with the go-live in Asia, which is our second home market. Temenos’ WealthSuite is laying the operational and technical foundation for our growth in the region. After last year’s integration of the T24 platform in Luxembourg, this is the second major step in our effort to harmonize our IT landscape around the world.”

Steen Jensen, Regional Director, Europe, Temenos, said: “Key to Temenos being selected as Julius Baer’s partner for IT modernization was our ability to deliver a progressive renovation project. The successful completion of this project is a major milestone in our partnership. At Temenos, our ambition is to provide our clients with a fully digital platform that surpasses the expectation of the modern consumer, while helping financial institutions to increase their productivity and cost efficiency.”