Monaco-based private bank CMB Monaco has migrated its operations to the integrated technology platform consisting of Avaloq and Aladdin Wealth™, streamlining the bank’s entire value chain across the front, middle and back office. This milestone marks a significant step in CMB Monaco’s digital transformation, strengthening operational efficiency, enhancing service quality and supporting the expansion of its international private banking business.Renowned for its bespoke private banking services, CMB Monaco is now leveraging the combined strengths of Avaloq and BlackRock Aladdin® to transform its operations and client engagement. The seamless onboarding to the integrated Avaloq and Aladdin Wealth technology platform enables CMB Monaco to access streamlined workflows across core and digital banking, as well as client and portfolio management. This joint solution provides the bank’s relationship and investment managers with comprehensive portfolio management capabilities, including tailored investment proposals, holistic scenario analyses and advanced risk analytics, to drive greater personalization at scale and boost productivity.The open architectures of both Avaloq and Aladdin Wealth™ allow for the integration of innovative third-party services, ensuring flexibility and rapid rollout of new offerings. Delivered as cloud-based software as a service (SaaS), the joint solution enables CMB Monaco to focus on growth and service excellence while maintaining compliance with evolving regulations.The migration also strengthens the bank’s cybersecurity posture, with Avaloq offering advanced protection mechanisms, secure-by-design architecture and ongoing updates to safeguard client data and transactions. CMB Monaco is also leveraging Avaloq Banking Operations to streamline back-office processes, including AI-led automation for corporate actions.CMB Monaco now benefits from Aladdin Wealth's institutional-grade risk analytics, enabling portfolio insights and sophisticated proposal construction across all asset classes for exceptional advisory services. As part of the collaboration, CMB Monaco becomes the first European bank to deploy the Gen AI-driven feature “Auto Commentary” within the Aladdin Wealth platform, which turns complex portfolio analytics and client-level investment preferences into concise insights quickly, helping advisers craft relevant narratives to enhance client relationships by delivering more meaningful, differentiated conversations.In addition, clients of CMB Monaco now have access to an intuitive digital experience via Avaloq’s web and mobile banking solutions, featuring tailored dashboards, advanced portfolio visualization, customizable alerts, conversational banking capabilities and the latest authentication standards for enhanced security.Francesco Grosoli, CEO at CMB Monaco, said: “Our partnership with Avaloq and BlackRock Aladdin marks a significant milestone in our digital transformation. By adopting their integrated platform, we are increasing productivity across our operations and modernizing our systems to deliver an outstanding digital experience – especially for a new generation of investors.” Olivier Pagès, Chief Operating Officer, added: “Avaloq and BlackRock Aladdin are more than technology providers; they’re trusted partners that help us stay ahead of evolving regulatory standards and meet the high expectations of our discerning clients. Together, we are committed to offering the best banking experience for our clients.”Martin Greweldinger, Group Chief Executive Officer at Avaloq, said: “CMB Monaco’s successful go-live is a major milestone for Avaloq as well as BlackRock’s Aladdin business, showcasing the strength of our joint offering. By combining the comprehensive capabilities of Avaloq with the Aladdin Wealth platform’s advanced portfolio management capabilities, we have delivered a smooth and seamless launch that transforms the client experience.”Zachary Lerner, Head of International Aladdin Wealth Tech, BlackRock, said: “Wealth managers today are moving beyond the traditional 60-40 portfolio, delivering personalized portfolios that span public and private assets. Achieving this level of customization at scale requires a unified technology foundation – one that combines smarter analytics, seamless connectivity, and integrated workflows. As the first go-live of the joint Avaloq and Aladdin Wealth solution, we are proud to bring our offering to CMB Monaco, one of the region’s most distinguished private banks, to help them deliver a truly frictionless client experience.” NoYesWealth Management31 Mar, 2026