With the completion of the technical migration, the most difficult milestone of the merger has been successfully completed and the foundation for the further development of Hauck Aufhäuser Lampe Privatbank has been laid.

After the legal merger of Hauck & Aufhäuser and Bankhaus Lampe, the new bank aimed at integrating a fragmented technical IT landscape on a common platform for a unique banking solution, ensuring both the data migration and the operational readiness of the newly merged entity to be executed safeguarding the clients’ experience.

Objectway Banking Solution – already implemented at Hauck & Aufhäuser with high levels of client satisfaction – was enhanced to cater for Bankhaus Lampe-specific products that in the future would also be offered by the new Hauck Aufhäuser Lampe Privatbank.

The bank now provides “best of” private banking, corporate banking and asset management/asset servicing functionality within one integrated banking platform with long-term substantial cost reductions. Also, the reduced number of sub-systems allows for a seamless workflow of the back-office units of the merged banks.

Gordan Torbica, COO of Hauck, Aufhäuser and Lampe Privatbank, said: “We are incredibly proud of the outstanding performance of all project staff involved and of the great cooperation with our external partners”.

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