Haitong International, a Chinese financial group in Hong Kong, plans to enhance its digital wealth offering by implementing the Avaloq Wealth platform in Hong Kong and Singapore over the coming months.
The move is in line with the acceleration in digital adoption across many similar industries, according to Austin Luo, Haitong International’s head of private wealth management.
“We are seeing a strong trend towards digitalisation in wealth management. We endeavour to help our clients optimise their portfolios by designing top-notch investment solutions for them,” he said in a statement.
Avaloq promotes its platform as enabling wealth managers to deliver a state-of-the-art client experience based on real-time intelligence, helping wealth managers to provide highly personalised investment advice.
The technology vendor’s ambition is to provide end-to-end digital solutions that allow clients a level of flexibility and responsiveness that will pave the way for even more efficient operations.
“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,” Pascal Wengi, managing director for North Asia at Avaloq, said.
The platform enables investment analysts, portfolio managers, advisors and relationship managers to collaborate via interfaces that produce coherent strategies, personalised portfolios and timely advice for clients.
A unified data model ensures that data remains consistent, actions taken are transparent and operational risk is kept in check.
Haitong International, together with its subsidiaries, has an established presence in Hong Kong and an expanding global network. It services about 200,000 corporate, institutional, retail and high-net worth clients worldwide, according to the firm.
