Bank Gutenberg, the Zurich-based private bank which launched in October of last year, has implemented SunGard's Ambit Private Banking system.

Gutenberg is now live on Ambit’s core banking, client information and mobile banking systems. The bank was keen to emphasise that Ambit Mobile Banking allows clients to access to their portfolio via a secure iPad application – capabilities that firms are placing increasing emphasis on in light of clients' rising demand for on-the-go access to portfolio information.

"We were able to go live on the Ambit Private Banking solution suite within a demanding timescale and within budget which was critical as the technology needed to be in place in order to launch the new bank. SunGard provided private banking technology infrastructure that delivers operational efficiency and helps us offer competitive products and services," said Michael Widmer, chief executive of Bank Gutenberg.

Bank Gutenberg is a private banking subsidiary of the Cat Group. It is mainly active as a custodian bank for independent asset managers, but also provides banking services for wealthy domestic and foreign private clients, as well as for small and medium-sized institutional clients.