Swiss banking software provider Avaloq has announced that its co-CEO, Thomas Beck, is retiring and will therefore be stepping down from his position at the company following a three-year tenure, effective immediately.
Avaloq has confirmed that its other co-CEO, Martin Greweldinger, will now assume the position of sole group CEO.
The Zurich-headquartered enterprise says that Beck will provide support to Greweldinger in a senior advisory capacity during the transition period.
The pair became co-CEOs of the company in April 2021 following the departure of former CEO Juerg Hunziker. Before their promotions, Greweldinger acted as the fintech’s chief product officer (CPO), while Beck was Avaloq’s chief technology officer (CTO).
Beck initially joined the firm in 2012 and is credited with playing an important role in driving Avaloq’s “strategy, international expansion and innovation activities”.
Beck’s retirement announcement comes hot on the heels of a series of partnerships that Avaloq has forged with global financial institutions for its banking tech. Just two months ago, Security Bank, headquartered in the Philippines, announced its partnership with Avaloq to digitise its wealth management operations.
Source: fintechfutures.com
