The Avaloq group has successfully transitioned Canaccord Genuity Wealth Management in the UK and its offshore locations to a fully integrated modular software solution to support back, middle and front office functions.
Canaccord Genuity Wealth Management provides investors with a broad array of wealth management solutions. Its Investment Professionals manage and administer over GBP11 billion of assets on behalf of more than 12,000 clients from offices in London, Guernsey, Jersey and the Isle of Man.
The transition to Avaloq provides Canaccord Genuity Wealth Management with complete flexibility to deliver innovative investment solutions and world-class client service, while providing the essential infrastructure to pursue its ambitious growth plans.
“The successful implementation of the Avaloq platform allows us to focus on delivering innovative wealth management solutions and creating long term value for our clients,” says David Esfandi, CEO, Canaccord Genuity Wealth Management (UK). “Avaloq has become a trusted strategic partner and we look forward to ongoing collaboration, as we service growing numbers of discerning wealth management clients in a changing market and regulatory environment.”
Chris Longden, managing director of Avaloq UK, says: “The project was an excellent example of real partnership. Avaloq, together with Orbium as our Strategic Implementation Partner for the UK, worked closely with Canaccord Genuity Wealth Management for 15 months to ensure the first pure wealth manager in the Avaloq UK Community achieved a successful live running.”
Olivier Vuichard, managing director of Orbium UK, says: “This successful partnership has clearly established our position as a major contributor to Avaloq-enabled business transformation projects in the UK”.
