27 Mar 2018
Avaloq strengthens its management team in Germany

Karl im Brahm will become a new member of the Management Board of Avaloq Sourcing (Europe) AG on 1 April 2018 and on 1 July 2018, he will become CEO of Avaloq’s German service centre. The move follows the strengthening of the global organisation Avaloq announced in January 2018.

Avaloq, a global leader in the automation of the financial industry, enables banks and assets managers to operate efficiently and in full legal compliance through the use of Software as a Service (SaaS) and Business Process as a Service (BPaaS). In addition, Avaloq’s solutions facilitate the digital transformation and innovation of its customers.

Avaloq announced in January 2018 that it would strengthen its organization to further standardize its offerings and to create a scalable structure for accelerated growth. Since then, the focus on the market and customers has gained even more prominence among the company’s senior management team.

In the German market, Karl im Brahm will play a crucial role in designing Avaloq’s growth strategy. He will become a member of the Management Board of Avaloq Sourcing (Europe) AG on 1 April 2018 and will become CEO of Avaloq’s German service centre on 1 July 2018.  He will take over from Rainer Link, who after two outstanding years as CEO of Avaloq Sourcing (Europe) AG has decided to retire. Rainer Link will continue to act as an advisor and remain linked to Avaloq going forward.

Karl im Brahm has extensive knowledge of the German financial industry. Some of the positions he has held in his career include being a member of the expanded management of Deutsche Postbank AG as well as a member of the Management Board of S Broker AG & Co. KG and of Deutsche WertpapierService Bank AG. Recently, as the CEO of an advisory company, he had mandates for digitalization and sales projects for various large banks in Germany. Karl im Brahm holds a degree in economics from the University of Bonn.

Jürg Hunziker, Group CEO of Avaloq, said: “It is my great pleasure to welcome Karl im Brahm to Avaloq. His broad experience, customer orientation and entrepreneurial way of thinking will enable us to further develop the German market. I would also like to thank Rainer Link for his long-term dedication to and success with the Avaloq group over the past 11 years. I wish him all the best for his retirement and am very pleased that he will stand by our side as a consultant going forward.”

The management team for the German market from 1 April 2018 will be:

  • Rainer Link, CEO of Avaloq Sourcing (Europe AG)
  • Karl im Brahm, member of the Management Board of Avaloq Sourcing (Europe) AG and CEO of Avaloq Sourcing (Europe) AG from 1 July 2018.
  • Stefan Spannagl, member of the Management Board of Avaloq Sourcing (Germany) AG
  • Uwe Krakau, General Manager Avaloq group and Chief Markets Officer Germany

Avaloq customers in Germany already include many renowned financial institutions such as Deutsche Apotheker- and Ärztebank eG, İşbank AG, Quirin Privatbank AG, V-BANK AG, Tradegate AG Wertpapierhandelsbank, Bank Julius Bär (Europe) AG and Vontobel Europe AG. The German market will also play a crucial role for the growth strategy of Avaloq for the EMEA region going forward. Avaloq in Germany has locations in Frankfurt, Berlin and Leipzig.