He is based in London and will focus on developing strategic relationships, expanding Avaloq’s presence in the UK and also globally.

Peter Lamberti will be promoting the company’s market-leading Software as a Service (SaaS), Business Process as a Service (BPaaS) and on-premises solutions for wealth managers and private banks. He reports to Barry Frame, Avaloq’s UK Sales Director and to Bruno Kellenberger, Head of Global Accounts at Avaloq Group.

Peter joins from Exela Technologies, where he had worked for the past three years, most recently as Sales Director. His responsibilities included oversight of strategic relationships, business development within the financial services sector, and end-to-end management of large-scale ITO and BPO transformation programmes. Prior to Exela, he held senior positions at CGI, ATOS Consulting, Capgemini and SAP.

At Avaloq, Peter will be responsible for not just building and maintaining relationships with prospects, but also helping to further shape the strategic sales function, including working closely with clients that are expanding their relationships with Avaloq from on-premise to SaaS and BPaaS models.

Peter’s appointment means Avaloq now has more than 175 members of staff in the UK, including around 65 in the London office, with over 2,300 globally. The expansion in London complements Avaloq’s ongoing growth within the UK implementation team, as well as the Research & Development facility in Edinburgh, one of the company’s three R&D centres globally.

Peter Lamberti, Strategic Sales Director at Avaloq, said: “Avaloq has become the leading provider of BPaaS and SaaS solutions for the UK wealth management sector, with strong momentum to build further on its established client base of tier 1 firms. Avaloq is firmly at the centre of a rapidly growing digital wealth management sector as financial institutions look to remain competitive, agile, focused on costs and benefit from powerful data analytics at scale.”

Jonathan Davis, UK Managing Director at Avaloq, said: “We are delighted to welcome someone of Peter’s calibre and experience to our growing London team. He has a deep understanding of the wealth management sector and exceptional client experience. Peter will play a fundamental role in Avaloq’s ongoing growth.”