Avaloq is losing its head of sourcing and market head in Switzerland and Liechtenstein. The announcement comes as the banking software firm moves towards a listing or other handover in ownership.
Tobias Unger is leaving Avaloq, the company confirmed to finews.asia on Tuesday. The banker spent less than three years with the company, joining after the 1MDB scandal mushroomed at Falcon Private Bank three years ago.
The 42-year-old Unger decided to «step down at Avaloq in order to pursue other career options,» a spokeswoman for the company said. Neither Unger nor the company have set a hard leaving date, and he will remain in his job in coming months in order to hand over to his eventual successor.
Former Falcon Executive
Avaloq said it expects to have a replacement lined up in coming months. The firm hired Unger to replace Markus Groeninger as head of sourcing after he left Falcon in 2016.
The exit of Unger, who was Falcon's operating chief and deputy CEO until September 2016, was first reported by banking blog «Inside Paradeplatz» (in German). The banker doesn't have a new job lined up, according to a person familiar with his plans. Unger wasn't available to comment to finews.asia.
