Avaloq hires in Asia to strengthen regional footprint
Pascal Wengi responsible for expanding relationships with private banks and wealth managers in the Greater China region
24 Jun 2020 | The Asset
Pascal Wengi
Pascal Wengi

AVALOQ, a provider of digital banking solutions, core banking software and wealth management technology, announced June 24 that is has appointed Pascal Wengi as head of sales for the Greater China region. He will be based in Hong Kong.

Wengi joins from Crealogix, the 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.

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% of its record annual revenues of 609 million Swiss francs (US$644 million). This strong 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.

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