A former managing director at Crealogix is joining Avaloq in Hong Kong for building, maintaining and expanding relationships with private banks and wealth managers in the Greater China region, finews.asia can reveal.
Avaloq, the Swiss-based provider of digital banking solutions, has appointed Pascal Wengi as head of sales for the Greater China region. He will be based in Hong Kong, finews.asia can report. A spokesperson at Avaloq confirmed the information.
Wengi joins from Crealogix, a Swiss fintech, where he was most recently managing director for the Asia-Pacific region, based in Singapore. Prior to that, he held project management and business development positions at Crealogix and Ruf Information Services in Zurich and Taipei, respectively.
Software as a Service
In his new role at Avaloq, Wengi is responsible for building, maintaining and expanding relationships with private banks and wealth managers in the Greater China region, which consists of Hong Kong, Taiwan and mainland China. Avaloq’s client offering in the region includes on-premises solutions, software as a service (SaaS) and business process as a service (BPaaS).
Over the past years, Asia-Pacific has become a key market for Avaloq as it was the group’s fastest-growing region in 2019, accounting for 13 percent of its record annual revenues of 609 million francs.
New Client Win
This trend is underpinned by new client wins such as Indonesia’s largest banking group, Bank Mandiri towards the end of last year and the Bank of the Philippine Islands earlier this year, the firm said on Wednesday.
