Following its switch to the Avaloq Banking Suite, the bank is now in the position to “offer its services to customers in an increasingly simplified way”, explained Kaiser Partner Privatbank in a statement about its annual results. It described the change in its banking system as a “milestone within the company”.
The private bank, which belongs to the Kaiser Partner Group, also unveiled select figures concerning the company’s success. According to these figures, the private bank’s client assets under management increased by 11 per cent to CHF 2.5 billion. The Kaiser Partner Group, which comprises Privatbank and a wealth management group, manages CHF 25 billion of client assets overall.
In terms of profit, Kaiser Partner Privatbank reported an increase of 14 per cent over the previous year to CHF 2.4 million. Greatly contributing to this success, according to the statement, were “a concentration on selected markets, a clearly defined service portfolio and more time to give clients personal advice.”