Martin Greweldinger is the Sole Group CEO of Avaloq as his co-CEO Thomas Beck Retires

In a notable development, Avaloq has revealed a change in its executive leadership. Thomas Beck, one of its co-CEOs, has opted for retirement, marking the end of his three-year tenure with immediate effect. Consequently, he steps down from his position, leaving the company in a transitional phase.

Avaloq clarifies that Martin Greweldinger, the other co-CEO, will now ascend to the role of sole group CEO. Amid this transition, Beck will extend his expertise to Greweldinger in a senior advisory capacity, ensuring a smooth handover.

Beck’s journey with Avaloq commenced in 2012 when he made significant contributions to the company’s strategy, international expansion, and innovation endeavors. His retirement announcement coincides with Avaloq’s recent collaborations with global financial institutions, notably its partnership with Security Bank in the Philippines aimed at digitizing wealth management operations, which was announced merely two months ago.

This shift in leadership traces back to April 2021 when both Beck and Greweldinger assumed the co-CEO positions, succeeding the former CEO, Juerg Hunziker. Prior to their elevation, Greweldinger served as the company’s Chief Product Officer (CPO), while Beck held the role of Chief Technology Officer (CTO).

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