Bank Sarasin has rolled out the Avaloq Banking System into its Singapore and Hong Kong operations.

The bank has been planning to upgrade its propriety software trading platform with Avaloq's banking solutions, the firm said in a statement. The software was first applied in Switzerland.  

"The implementation of the system in Asia is a major investment that will optimise our global capabilities while maximising cost efficiencies over the short and long term," said Joachim Straehle, chief executive of Bank Sarasin.

With the growing number of financial services clients in Asia, the need for a systematic tool to boost efficiency and accuracy is key. The Avaloq system is run from its data centre in Basel and Zurich with a total of 1,380 licensed staff running transactions worldwide.