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Avaloq Migrates KBL (Switzerland) To New Platform After M&A Deal

Tom Burroughes

25 February 2016

Avaloq Sourcing Switzerland, previously known as B-Source, has migrated KBL (Switzerland) to the business processing outsourcing platform of Banque Internationale à Luxembourg (Suisse), a process taking five months following a takeover deal.

In January 2015, Banque Internationale à Luxembourg (Suisse) bought KBL (Switzerland), a wholly owned affiliate of KBL epb, enabling BIL Suisse to double its assets under management.

The Avaloq BPO solution entirely covers banking processes and back-office services.

Switzerland-headquartered Avaloq has branches in Berlin, Frankfurt, Geneva, Hong Kong, Leipzig, London, Lugano, Luxembourg, Paris, Singapore, Sydney and Zurich. It has development centres in Zurich, Edinburgh and Manila.