Avaloq, the provider of wealth management technology, has appointed new leadership for its Swiss business process outsourcing centre.

Tobias Unger, the chief operating officer and deputy chief executive of Falcon Private Bank, will join Avaloq in October as CEO of Avaloq Sourcing in Switzerland and Liechtenstein.

Unger joins after six years as COO and deputy CEO at Zurich-based Falcon Private Bank. There, he oversaw outsourcing of core banking IT and back office to Avaloq. Previously, he was an investment banker at UBS and Merrill Lynch.

In his new role, Unger succeeds Markus Gröninger, who has led Avaloq’s largest BPO centre in Switzerland since 2010 and is now joining the group executive board. He will assume overall responsibility for the firm’s five existing BPO centres within Avaloq’s global processing network. These are in Switzerland, the European Union and Asia-Pacific.

Also part of the Avaloq executive board, Unger will be responsible for the development of Avaloq’s BPO centre for Switzerland and Liechtenstein. The centre services 40 financial institutions including Falcon Private Bank and Deutsche Bank.

“With his many years of experience, he has built up a vast amount of specialist knowledge coupled with outstanding leadership skills. He is a member of the Avaloq community since many years and perfectly familiar with the advantages of Avaloq’s technology and services but also with the banking industry challenges,” said Gröninger.

“I am delighted to welcome him at Avaloq and convinced that he will contribute significantly to the future growth of our managed banking services business.”

In May, Avaloq appointed Jürg Hunziker as group chief markets officer and deputy chief executive.