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Avaloq still “follows clients onshore” in Asia after sale to NEC

Pascal Wengi, Avaloq

Avaloq’s acquisition by NEC in late 2020 has not changed its business strategy of “following clients onshore” in Asia, said Pascal Wengi, managing director, North Asia for Avaloq. In the first year after the Swiss fintech was bought by the Japanese tech corporation, Avaloq made progress in expanding its client network in the region: Haitong International adopted Avaloq Wealth’s specialised…

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