09 June 2020

Avaloq strengthens presence in French-speaking Switzerland with appointment of Olivier Taillard as Chief Market Officer for the region

Avaloq, the global leader in core banking software, digital banking and digital wealth management, has appointed Olivier Taillard as Chief Market Officer for French-speaking Switzerland to reinforce its local presence and to strengthen its senior leadership in a strategic region for the company’s Software as a Service (SaaS), Business Process as a Service (BPaaS) and on-premises solutions for private banks and wealth managers. Olivier Taillard is based in Geneva and reports to Mathias Schütz, Avaloq’s Country Head for Switzerland & Liechtenstein.

Avaloq strengthens presence in French-speaking Switzerland with appointment of Olivier Taillard as Chief Market Officer for the region.

Avaloq, the global leader in core banking software, digital banking and digital wealth management, has appointed Olivier Taillard as Chief Market Officer for French-speaking Switzerland to reinforce its local presence and to strengthen its senior leadership in a strategic region for the company’s Software as a Service (SaaS), Business Process as a Service (BPaaS) and on-premises solutions for private banks and wealth managers. Olivier Taillard is based in Geneva and reports to Mathias Schütz, Avaloq’s Country Head for Switzerland & Liechtenstein.

Olivier brings over 30 years of experience in the banking and financial industry, having worked for premium brands on a broad range of business and IT projects. Most recently, he was Chief Operating Officer of Banque Cramer. Prior to this, he worked for nine years at Bank Julius Baer, as Chief Operating Officer for Western Switzerland, and as Head of Human Resources for Europe, Middle East and Africa. Olivier has also held senior roles at HSBC, Credit Suisse, Dresdner Bank and the Banque de Financement et d'Investissement.

At Avaloq, Olivier will be responsible for building and maintaining strong relationships with clients, prospects and intermediaries in the French-speaking part of Switzerland. He will focus on driving Avaloq’s sales and marketing activities across all Avaloq solutions, in particular, Avaloq’s digital solutions, which were recently identified by Forrester as a leading digital wealth management platform. Avaloq’s digital solutions include front- and middle-office wealth management platforms, back-office processing and powerful data analytics capabilities.

Avaloq reported record revenues for 2019 of CHF 609 million, a year-on-year rise of 6%. Adjusted EBITDA for 2019 was CHF 97 million, up from CHF 91 million in 2018, underpinned by robust growth. The strong performance was driven by sustained demand for the company’s SaaS, BPaaS and on-premises solutions from existing and new clients globally. In Geneva, Avaloq recently renewed long-term contracts with Banque Cramer and First Abu Dhabi Bank (FAB) Switzerland.

Mathias Schütz, Country Head for Switzerland & Liechtenstein at Avaloq, said: “We are delighted to welcome Olivier to Avaloq. His track record and experience in banking and his wealth of knowledge of the industry will be invaluable as we continue to develop our footprint in French-speaking Switzerland. We are continuing to see strong demand from private banks and wealth managers for our leading SaaS, BPaaS and on-premises solutions, and we expect this to accelerate as digital business models become fundamental to financial institutions looking to remain competitive, agile and focused on costs.”

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