Zurich, April 6, 2017 - Falcon has entered into a strategic partnership with Move Digital, a best-in-class provider of digital asset management and investment advisory systems. The investment is the first proof point of Falcon's strategic repositioning that focuses on shaping a unique experience for a demanding community, empowered by individual excellence and world-class digital intelligence.
The strategic partnership between Falcon and Move Digital will grant the Bank access to Move Digital's sophisticated digital platform that uses technology not only to connect the investment products value chain in one powerful tool but also to provide intelligent and fast utilisation of data, news, research and products. This digital advisory platform will empower relationship managers to provide clients with the next level of personalised advise based on leading technology. Additionally, Falcon and Move Digital will further develop Move Digital's sophisticated offering in portfolio and trading solutions, supporting the Bank's hybrid approach to digital investing. This unique offering is planned to be rolled-out to clients in the first quarter of 2018.
The partnership includes a minority equity investment of Falcon into Move Digital.
Falcon's strategic partnership with Move Digital is the first proof point of its repositioning as an agile private bank that focuses on a unique experience for a demanding community, empowered by individual excellence and world-class digital intelligence.
Arthur Vayloyan, Global Head Products & Services: "We are delighted to start our first major partnership with Move Digital. Falcon acts as early adopter of Move's products and services and we are excited to further develop them in close cooperation with Move Digital and its high calibre team. We are convinced that these new technology driven state-of-the-art solutions increase our attractiveness and have a positive impact on our organisation and growth."
Mohammed Alaoui, co-founder & CEO of Move Digital: "We are excited to partner up with an agile bank like Falcon that shares our vision of digitally enabled financial institutions and look forward to realise the synergies the cooperation will bring."
Schellenberg Wittmer Ltd, Zurich, acted as legal advisor to Falcon in the transaction and the digital integration will be enabled by Avaloq.
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Falcon Private Bank is a Swiss private banking boutique with 50 years of expertise in wealth management. We provide first-class financial services to private clients and wealthy families from our headquarters in Zurich and our locations in London, Abu Dhabi and Dubai. Our clients benefit from an excellent investment competence as well as from our financial strength and stability, which results from our Swiss heritage and our government-owned shareholder.
Move Digital (www.movedigital.ch) is a registered name of Move Wealth Management AG, a Swiss based company providing automated intelligent sourcing systems including business and market news, data, third party research and analysis as well as automated asset management and investment advisory services.
Media contacts
Falcon Private Bank Ltd.
Gianmarco Timpanaro
Head Marketing & Communications
Phone +41 44 227 57 47 Phone
Mobile +41 79 404 37 73
Gianmarco.Timpanaro@falconpb.com
www.falconprivatebank.com
Falcon Private Bank Ltd.
Urs Fehr
Deputy Head Marketing & Communications
Phone +41 44 227 57 45
Mobile +41 79 694 47 65
Urs.Fehr@falconpb.com
www.falconprivatebank.com
