Thomas Fischer has been appointed as Avaloq’s Managing Director for Germany and the rest of continental Europe, excluding the company’s home market in Switzerland and Liechtenstein. He will also be the CEO of Avaloq Sourcing (Europe) AG. In his new role, Thomas Fischer is going to accelerate innovation in wealth management with Avaloq’s clients in the region.

Thomas Fischer will join Avaloq on 1 September 2022. Until end of May 2022, he was Chief Operating Officer at ODDO BHF, an independent French-German financial group. Before joining ODDO BHF in 2017, he held various senior management positions at UBS, Commerzbank as well as Dresdner Bank. Prior to this, he was a financial services consultant at Boston Consulting Group from 1994 to 2005.

Martin Greweldinger, co-CEO of Avaloq, said: “We are very pleased to announce such a high calibre appointment with Thomas Fischer. During his impressive career, spanning almost three decades, he has gained first-hand insights into the challenges which digital transformation poses to the financial industry. This invaluable knowledge, combined with his strong leadership experience, made Thomas the perfect candidate for this position.”

Barry Frame, Chief Client Success & Sales Officer at Avaloq, said: “Thomas Fischer has the ideal background to accelerate innovation in wealth management with our clients in Germany and the rest of continental Europe, excluding Switzerland and Liechtenstein. He is going to join our local teams in Berlin, Leipzig, Düsseldorf, Luxembourg and Madrid on their mission to deliver cutting-edge wealth management technology and services to financial institutions.”

Thomas Fischer, designated CEO of Avaloq Sourcing (Europe) AG, said: “I am excited to join Avaloq, a true leader in the field of digital banking solutions. With its innovative products and reliable services, the company is uniquely well positioned to help financial institutions transform and scale their businesses efficiently. I am looking forward to collaborating closely with my new colleagues and partners to support banks and wealth managers on their digitalization journey.”

Thomas Fischer is going to replace Karl im Brahm, who was the CEO of Avaloq Sourcing (Europe) AG until end of 2021. The established interim solution with split internal responsibilities will remain in place until September 2022 when Thomas Fischer joins Avaloq.