Avaloq, a Zurich-based provider of digital banking solutions, has announced that Juerg Hunziker will step down as its chief executive officer on March 31. Following his personal decision to withdraw from the CEO role, he will serve as senior adviser to the group executive board.

From April 1, 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.

Hunziker joined Avaloq in 2016 and assumed the CEO role in 2018. Armed with 30 years of experience in developing financial technology companies, he transformed Avaloq from a founder-driven firm to a mature, scalable business, according to a company statement. His efforts culminated in Avaloq’s acquisition by NEC Corporation at the end of last year.