The cantonal banks of Lucerne, St. Gallen and Thurgau are outsourcing their securities management. This is a first in Switzerland, as banks have previously kept their securities management in-house.

St. Galler and Luzerner cantonal banks have been operating the new system for several weeks already and Thurgauer Kantonalbank will go-live shortly too.

Swiss banks outsource securities management

Tara Loader Wilkinson

Thurgauer Kantonalbank

Outsourcing

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