The wealth technology firm has appointed a deputy CEO and new group chief markets officer.

Wealth technology firm Avaloq has appointed Jürg Hunziker as group chief markets officer and deputy chief executive. The former SunGard executive will join the Switzerland-headquartered firm on 1 June.

Hunziker has more than 30 years of experience. Previously, he spent 27 years at US-based technology firm SunGard, founding SunGard Europe. Most recently, he acted as SunGard’s group president for the global trading, risk and private banking software and services business.

“His market knowledge and understanding will help Avaloq to further capitalise on the opportunities offered by the ongoing transformation and digitalisation of the financial market,” Francisco Fernandez, CEO of the Avaloq group, said in a statement.

Avaloq’s current group CMO, Peter Schöpfer, will support Hunziker to ensure he settles into the new role. Schöpfer will continue to be a member of the group executive board and board of directors of the Avaloq group.

Asked about the role of deputy chief executive, the firm told this news service: “Before now there have been internal processes in place to ensure the role is supported. However, this is the first time the role has been formally announced.”

Hunziker holds a degree in economics and banking from Zurich Business School and attended senior management education programmes at both the University of Zurich and Stanford University. He started his career in the banking industry at UBS.