Wealth management services and technology company Avaloq has appointed Heiko Beck as managing director Europe. He will take up his post on 1 March 2025 and oversee the group’s activities in Germany, the UK, Luxembourg and the rest of Europe.

In his new role, Beck will be responsible for driving “the acceleration of the digital transformation in the region by enhancing service delivery and expanding the Avaloq community,” as well as “supporting the development of the Avaloq offering globally,” says the company in a press release published on Thursday 6 February.

Before joining Avaloq, Beck was CEO of Deutsche WertpapierService Bank (dwpbank), a position he held until June 2024. He has also held management positions at Union Investment, Commerzbank, DekaBank and Deutsche Börse Group.

“This is an exciting time to join Avaloq as the digital transformation of Europe’s wealth management sector continues to gain momentum. I share Avaloq’s longstanding commitment to innovation and service quality--and I am eager to help banks and wealth managers achieve long-term growth and an enhanced client experience with the Avaloq Platform,” Beck said upon the announcement of his appointment.

Avaloq provides digital banking solutions, core banking software and wealth management technology to more than 170 financial institutions worldwide. By 2022, the company had 2,500 employees, including 23 in Luxembourg.

This article was originally published in .