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Andres Fischer
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Avaloq builds out its Australian team

The Avaloq group, an international leader in integrated and comprehensive solutions for wealth management, universal and retail banking, further reinforced its commitment to the Australian financial services sector by hiring Nick Frolich and Mani Kastellas to its Australian team. Avaloq has appointed Nick Frolich as Regional Director, responsible for market development, and Mani Kastellas as Australia Regional Product Manager of Avaloq’s award winning and state-of-the-art banking and wealth management solution.

Nick Frolich has more than 25 years’ experience in the IT industry, working with leading financial software and BPO providers. He was previously Financial Services Industry Lead at SAP. Prior to that Nick held executive management roles with GBST, DST and Macquarie Bank.

Before joining Avaloq Mani Kastellas previously worked at Bravura and Simcorp where he was responsible for product. With over 20 years’ experience in financial services, Mani has worked in various roles across financial services including Macquarie Bank, Challenger and ING.

Speaking on the appointments, Peter Scott, General Manager Asia Pacific for the Avaloq group, and Executive Board member, said: “The decision to develop our presence in Australia reflects increasing levels of new business demand following the recent go-live of one of Australia’s largest banks with Avaloq. It has been a strong year in the Asia Pacific region for the company, with a series of client wins and the creation of a new regional BPO centre underway in Singapore. We believe that Nick and Mani will help us to develop our client base in Australia to further contribute to this growth.”