Digital & Technology

Avaloq completes the acquisition of Derivative Partners

Avaloq, a cloud platform and service provider for banks, wealth managers and investment firms, has announced that it has completed the acquisition of Derivative Partners, an independent information and data provider for structured products and derivatives in Switzerland, a deal which was first announced in July 2019.

Through the acquisition of Derivative Partners (DPs), Avaloq can access and utilise differentiating data for structured product and ETF markets on its platform, capitalising on DPs’ powerful analytical services to offer both established and new clients the independent valuation, trading and management of highly complex financial instruments at a time when their use by banks and wealth managers is becoming increasingly more relevant, according to a press release.

DPs provides solutions for structured products to more than 40 market participants including issuers, private banks, asset managers and exchanges with valuations of option-linked securities and complex financial products. Among other capabilities, the firm calculates regulatory figures and portfolio management ratios as well as third-party valuation models and provides quantitative support for investment banking and trading divisions.

Juerg Hunziker, Group CEO, Avaloq, said that “We are delighted to have closed this significant acquisition, and I would like to thank the team at Derivative Partners for their utmost professionalism throughout the process. We are truly delighted to welcome them into the Avaloq Community, with our clients set to benefit from the firm’s extensive consulting capabilities and unparalleled know-how around structured products. The acquisition highlights Avaloq’s strong market confidence and underpins our vision of reinventing the financial experience in a fully digitised, always-on and data-driven world through powerful data analytics.”