She takes over from Mathias Schütz who has been appointed CEO of the new technology company to be founded by Raiffeisen and Avaloq.

With Tecla Solari, the Avaloq group has promoted a well-versed expert to the position of General Manager Western & Southern Europe. She has been with Avaloq for more than a decade and excels through her vast knowledge and expertise in the financial industry. She joined Avaloq as Head of Sales and Distribution in 2002 and played a decisive role in building up the company's leading position in Switzerland and abroad. In 2011, she was appointed Country Manager for France, before her responsibilities were extended and she became Managing Director France, Southern Europe and Morocco.

Thanks to her strong track record in developing new markets, Tecla Solari enjoys an excellent reputation in managing complex customer projects on an international level. In her new role she will be responsible for driving Avaloq's growth in the market region Western and Southern Europe.

Tecla Solari holds a University Degree in business & economics (HEC) and a Master's Degree in International Management from the University of Lausanne as well as an MBA's certificate from Babson Graduate School of Business in Boston, USA. She started her career in the banking industry as a trader and financial analyst. In 1996, she joined Reuters, where she held several management positions in implementation consulting and business development for financial software.

Francisco Fernandez, CEO of the Avaloq group, comments: "I am very pleased that Tecla is taking on this new challenge. With her extensive market understanding she has considerably contributed to the development of Avaloq, built up a successful management team and presence in France and won numerous accounts in the region. We look forward to continuing our significant growth in Western and Southern Europe with Tecla as the new General Manager for this region."