Avaloq has created a global business consulting (GBC) function to offer specialized banking and wealth management services to its customers.

The newly launched function will offer segment specific services. It will offer services in the areas of strategy, target operating model, process management, and optimization.

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It will also cover areas such as channel management as well as business-, data- and application architecture services.

These services add to Avaloq’s digital banking solutions including its core banking software, business process-as-a-service (BPaaS), and software-as-a-service (SaaS) solutions.

Avaloq has appointed Alain Gloden – partner and managing director at international consulting firm IFB – as the global head of business consulting.

Before IFB, he was a part of the senior management team of UBS, Arthur D. Little, EY, and Credit Suisse.

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Based in Zurich, Gloden has 27 years of experience in the consulting and banking industry.

Avaloq global head of markets Paco Hauser said: “I am delighted to welcome Alain to Avaloq as his team adds to our value proposition as a one-stop-shop when it comes to cutting-edge digital banking and wealth management solutions.

“Global Business Consulting offers standardized and preconfigured consulting services to optimize the outcome for our clients.

“Business consulting complements our established product suite as well as the introduction of our new platforms – Avaloq Wealth, Engage and Insight – in the coming months.”

Last month, Avaloq launched its personalized investment management solution, Avaloq Wealth.