Digital & Technology

Avaloq creates new Global Business Consulting function to complement its client offering

Alain Gloden has reportedly been appointed as Global Head of Business Consulting to lead the company’s newly launched service. He is based in Zurich and reports to Paco Hauser, Avaloq’s Group Head of Markets.

The Global Business Consulting team joins Avaloq’s global markets organisation and offers its specialised banking and wealth management services to the company’s existing clients as well as prospects. It strives to facilitate new digital transformation projects and to maximise the value generated by Avaloq’s products and services for its global client base, the firm said in a press release.

Global Business Consulting will offer industry and client segment specific services in the areas of strategy, target operating model, process management and optimisation, channel management and optimisation, as well as business-, data- and application architecture services.

The new service complements Avaloq’s award-winning digital banking solutions, including its market-leading core banking software as well as its Business Process as a Service (BPaaS) and Software as a Service (SaaS) solutions.

Alain Gloden, Avaloq’s newly appointed Global Head of Business Consulting has 27 years of experience in the consulting and banking industry. Prior to joining Avaloq, he was a partner and managing director at IFB, an international consulting firm where he was responsible for European banks. Before that, he held senior management positions at UBS, Arthur D. Little, EY and Credit Suisse.

Paco Hauser, Global Head of Markets, Avaloq, said: “I am delighted to welcome Alain to Avaloq as his team adds to our value proposition as a one-stop-shop when it comes to cutting-edge digital banking and wealth management solutions. Global Business Consulting offers standardised and preconfigured consulting services to optimise the outcome for our clients. Business Consulting complements our established product suite as well as the introduction of our new platforms – Avaloq Wealth, Engage and Insight – in the coming months.”