OREANDA-NEWS. CREALOGIX co-founder and Chairman of the Board of Directors Bruno Richle has decided to place the operational management of the CREALOGIX Group in younger hands and to focus on his role as Chairman of the Board of Directors.

As of 1 January 2016, Thomas Avedik, the current leader of the “Digital Banking” business unit, is the newly appointed CEO of the CREALOGIX Group. This will guarantee a seamless transition in the company management. “There could be no better time for a change of management,” says 58-year-old Bruno Richle. “Thomas Avedik has been a member of the Group's Executive Management for over eight years, he quadrupled the turnover of the e-banking business in Switzerland and on the basis of that Swiss core business he played a significant part in shaping and establishing the CREALOGIX Digital Banking sector with international business activity.” The decision to entrust this role to Thomas Avedik, a longstanding “Crealogist”, guarantees continuity and consistency both in day-to-day business and in the implementation of the company's strategic goals.

As a result of two acquisitions in 2015, in England and in Germany, the CREALOGIX Group has now established a broad and strategically sound basis. The financial scope for further growth was also secured in the autumn of 2015, with additional finance amounting to CHF 25 million acquired through the capital market. But what matters most for Richle is the fact that there is an experienced management team ready to assume operational responsibility. The Group's Executive Management under the new leadership of Thomas Avedik will also acquire two new members from within the company and gain an international element.

The Board of Management of CREALOGIX Holding AG also decided on 18 December to appoint Volker Weimer (responsible for the business in Germany) and Marc Stahli (in charge of Sales & Marketing), as members of the Executive Management of the CREALOGIX Group.

CREALOGIX is thus ideally prepared for the next phase – to continue expanding its market share as an internationally active Fintech company.

In his new role as Chairman of the Board of Directors, Bruno Richle sees a wide range of activity ahead of him, pursuing the strategic development of CREALOGIX, maintaining contact with investors and actively supporting and strengthening the company through his extensive network of relationships at home and abroad.

About CREALOGIX

The CREALOGIX Group is an independent Swiss software house and the market leader for Digital Banking in Switzerland, ranked in the global FinTech Top 100 list. CREALOGIX develops and implements innovative fintech solutions for the digital bank of tomorrow. The focus is placed on changed customer needs for mobility, security, personalised advice and education within a comprehensive user experience. Established in 1996, the Group has around 350 employees worldwide. The shares of CREALOGIX Holding AG (CLXN) are traded on the SIX Swiss Exchange.