Swiss core banking solution provider Avaloq announced that Juerg Hunziker will be stepping down as CEO by the end of March following its recent acquisition by Japan’s NEC Corporation.

In the meantime, the current Group Executive Board members Martin Greweldinger, Group Chief Product Officer, and Thomas Beck, Group Chief Technology and Group Chief Service Delivery Officer, will become co-CEOs of Avaloq.

This change ensures leadership continuity following Avaloq’s recent acquisition by NEC Corporation, a global leader in the integration of IT and network technologies.

Avaloq is also positioning itself for further growth by facilitating the digital transformation of client firms and responding to global demand that has accelerated in the last 12 months.

The company continues to invest in its leading core banking platform and will further scale the recently launched core-agnostic products; Avaloq Wealth, Avaloq Engage and Avaloq Insight.

Hunziker had joined Avaloq in 2016 and assumed the CEO role in 2018. His efforts culminated in Avaloq’s acquisition by NEC at the end of last year.

Following his personal decision to withdraw from the CEO role at the end of March 2021, he will focus on interaction with existing and prospective clients of Avaloq as its Senior Advisor to the Group Executive Board.

Juerg Hunziker, CEO of Avaloq said,

“First and foremost, I would like to thank all Avaloq employees for their dedication and hard work not only during this past year, which was an exceptional one in many ways, but also during prior years, which laid the foundation for where we are today.

 

However, I have now come to a point in my life where it is time to reinvent myself, too. I will remain dedicated in driving Avaloq to further growth, and I look forward once again to being able to spend more time with existing and future clients, which is my passion.”

Martin Greweldinger, Group Chief Product Officer and new co-CEO of Avaloq said,

“I feel very honoured to lead this company together with Thomas. Not long ago Avaloq successfully launched its core-agnostic platforms, and I will focus on providing banks with access to these innovative solutions so they can deliver exceptional wealth management services in today’s world.

 

I also look forward to driving innovation throughout the whole organization, including client-facing functions, internal operations and finance.”

Featured image: (Left) Martin Greweldinger, Group Chief Product Officer and new co-CEO of Avaloq and (right) Thomas Beck, Group Chief Technology Officer, Group Chief Service Delivery Officer and new co-CEO of Avaloq.