24 June 2020

Avaloq hires in Asia to strengthen its regional footprint

Avaloq, the Swiss-based provider of digital banking solutions, core banking software and wealth management technology, has appointed Pascal Wengi as Head of Sales for the Greater China region. He will be based in Hong Kong.

Pascal 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, Pascal 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 CHF 609 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.

Imad Abou Haidar, Avaloq’s Head of Asia, said: “I am very happy to welcome Pascal to our international team and we are all looking forward to building on the strong growth momentum we have achieved in Asia over the past months, despite the ongoing Covid-19 situation. The fact that we are able to attract such an accomplished professional with an impressive track record, is a testimony for Avaloq’s attractiveness as an innovative and value-driven employer.”

Pascal Wengi, Avaloq’s Head of Sales for Greater China, said: “I am super excited to join Avaloq and this highly motivated Asian sales organization. It is truly a privilege to represent such a renowned brand as well as the company’s award-winning products and solutions in this incredibly dynamic region.”

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