Personnel changes in the executive board of Avaloq

Zurich - 1 March 2011

As of 1 March 2011 Mathias Schütz joins the executive board of the Avaloq Group and takes over responsibility for the ‘Western & Southern Europe’ and ‘Asia & Pacific’ regions. In so doing he succeeds Peter Schöpfer, who will from now on be concentrating on Avaloq's expansion in the strategically important sector of the major global banks. In addition, Peter Schöpfer will be up for election to Avaloq's board of directors in May 2011.

In his new capacity Mathias Schütz is responsible for the sales of the Avaloq Banking System in Luxembourg, London, Singapore and Hong Kong. Furthermore, his area of responsibility includes the local service units, establishing new partnerships and the expansion into new geographical markets in ‘Asia & Pacific’ and ‘Western & Southern Europe'.

Mathias Schütz is distinguished by his profound IT and banking expertise as well as his many years of professional experience with Avaloq. After graduating from the St. Gallen Fachhochschule für Wirtschaft (School of Economics), he first worked for Oracle in Dublin and then joined Avaloq on 1 December 2000, where he quickly gained extensive experience in management of complex customer projects and took over demanding management tasks in Sales. Prior to his recent entry into the executive board he was employed as General Manager for Avaloq Asia & Pacific and built up Avaloq's regional centre in Singapore as a profitable unit. He successfully brought both Nomura and DBS onto the Avaloq Banking System. Within the space of barely a year, he was able to open a second branch of Avaloq Asia & Pacific, in Hong Kong. Mathias Schütz has an Executive MBA in Business Engineering from the St.Gallen School of Economics, and also completed the INSEAD Advanced ‘Industrial Marketing Strategy Programme’ in Fontainebleau, France.

Peter Schöpfer will be concentrating on Avaloq's expansion within the strategically important sector of major global banks. In this capacity he will continue to be reporting directly to the CEO. In order that he can speak to the major banks as an equal and to ensure that Avaloq can fully leverage his broad experience and excellent international network, the board of directors has proposed that Peter Schöpfer, apart from heading the ‘Global Account Sales’ unit, shall be up for election to Avaloq's board of directors. In order to be able to dedicate the maximum time possible to the demanding customer group of major global banks, Peter Schöpfer has decided to resign from his operational duties in the executive board.

Peter Schöpfer began work for Avaloq Evolution AG on 1 January 2006 as CMO and deputy CEO. Under his leadership the established provider of integrated banking software solutions in the wealth management sector successfully expanded into the retail and universal banking sector. It is also thanks to Peter Schöpfer that the Avaloq Group has become internationally established in the most demanding financial centres: In the last five years Avaloq has been able to more than double its customer base, triple turnover and open eight new branches.

Peter Schöpfer is succeeded as deputy CEO of Avaloq by Adrian Bult, member of the company's executive board and responsible for the ‘Central & Eastern Europe’ region.

With this change of personnel Avaloq is resolutely pushing forward its internationalisation strategy and expansion in the major banking sector. Francisco Fernandez, Avaloq CEO, comments: “I am delighted to be able to entrust Peter Schöpfer as a highly competent and internationally experienced colleague with this demanding assignment. His close connection with management and anticipated election to the board of directors are perfect preconditions to our being able, with him and his team, further to expand our discerning and complex customers among the major global banks " and adds: "I am also pleased that given the various positions Mathias Schütz has held within our company, we are able to welcome to the company's management an extremely able, talented person with international experience from our own ranks."

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