Heiko Beck, formerly teh CEO of Deutsche WertpapierService Bank (dwpbank), has taken on a new role at Avaloq. In his new position, beck will focus on accelerating digital transformation in Europe by enhancing service delivery and expanding the Avaloq community. He will also support the global development of Avaloq’s offerings [1[1[1[1].
Beck’s departure from dwpbank was prompted by a significant financial setback—a Zertifikate-Geschäft from 2022 that cost the bank 61 million euros. Both he and the bank’s Finance and risk Director, Martin Zoller, stepped down as a result [2[2[2[2][3[3[3[3].
Avaloq provides digital banking solutions, core banking software, and wealth management technology too over 170 financial institutions globally.Beck’s appointment comes at a time when the digital transformation of Europe’s wealth management sector is gaining momentum, and he aims to help banks and wealth managers achieve long-term growth and enhance client experiences with the Avaloq platform [1[1[1[1].
Heiko Beck on Driving Digital Conversion in Europe’s Wealth Management Sector
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Heiko Beck, formerly the CEO of Deutsche WertpapierService Bank (dwpbank), has taken a notable new role at Avaloq. In this position, Beck aims to accelerate the digital transformation in Europe by enhancing service delivery and expanding the Avaloq community. His efforts come after a notable financial setback at dwpbank, which led to his departure and the appointment of a new leadership team.
Digital Transformation and Service Delivery at Avaloq
Senior Editor, World-Today-News.com: Heiko, what key strategies will you employ to accelerate digital transformation in Europe’s wealth management sector?
heiko Beck: To accelerate digital transformation, we need to focus on enhancing service delivery and expanding our community. Avaloq provides digital banking solutions, core banking software, and wealth management technology to over 170 financial institutions globally. Our goal is to use these tools to help banks and wealth managers achieve long-term growth and enhance client experiences.
The Impact of Financial Setbacks
Senior Editor, World-today-News.com: Could you discuss the financial setback at dwpbank in 2022 and its impact on your career?
Heiko Beck: the financial setback was considerable—a Zertifikate-Geschäft in 2022 that cost the bank 61 million euros. Both the bank’s Finance and Risk Director, Martin Zoller, and I stepped down as a result. This experience has made me more acutely aware of the importance of robust risk management practices and their impact on the long-term stability of financial institutions.
Global Advancement of Avaloq’s Offerings
Senior Editor, World-Today-News.com: How do you plan to support the global development of Avaloq’s offerings?
Heiko Beck: by leveraging the expertise within Avaloq and focusing on our client needs, we aim to refine and expand our offerings globally.The wealth management sector is dynamic, and continuous innovation is crucial.We are committed to ensuring that our solutions remain at the forefront of technological advancements to meet the evolving needs of the financial sector.
Enhancing Client Experiences
Senior Editor, World-Today-News.com: What role dose client experience play in Avaloq’s digital transformation initiatives?
Heiko Beck: Client experience is paramount.The digital transformation we are driving is not just about technology; it’s about how we can use technology to create a better experience for our clients. We aim to provide solutions that are easy to use, efficient, and secure, thereby enhancing the overall client experience and driving loyalty.
Final Thoughts
Senior Editor, World-Today-News.com: What are your key takeaways from your tenure at dwpbank and your new role at Avaloq?
Heiko Beck: My tenure at dwpbank taught me the importance of strong risk management and the need for vigilance in financial dealings. At Avaloq, I am focused on leveraging technology to drive growth and enhance service delivery in a way that truly benefits our clients. The digital transformation of Europe’s wealth management sector is an exciting challenge, and I am eager to contribute to its success.
Interview by: Senior Editor, World-Today-News.com
