Making further inroads in the "sophisticated UK wealth market", Avaloq has appointed a new managing director to lead business growth.

Marking a next phase of growth, Avaloq has appointed a new managing director for the UK market. Based in London, John Wilson has been named to lead UK sales and management teams for the digital banking and wealth management solutions firm in a promotion that moves him from his prior role leading Avaloq’s UK and Ireland delivery business.

As UK managing director, Wilson will be responsible for growing Avaloq’s local client base and developing products and propositions, including its Engage, Insight and Wealth product lines, the group said.

The three digital platforms were launched last year to help wealth managers tap clients’ increasing use of social media channels to engage with relationship managers; and take advantage of hyper personalisation and advanced data analytics trends.

Avaloq’s UK presence includes an Edinburgh-based research and development hub that has expanded to 160 staff. The firm lists Barclays, HSBC, Canaccord Genuity and Coutts as clients and says that recent additions include Tilney Smith & Williamson and Brewin Dolphin.

“Avaloq has a strong track record of engaging with the UK wealth management industry and delivering substantial value to our clients,” Avaloq’s chief client success and sales officer, Barry Frame, said.

“Significant opportunities remain in the sophisticated UK market, and we are excited to have John lead the next stage in Avaloq’s growth plans.”

Before joining Avaloq, Wilson spent a decade in director roles at Deloitte and KPMG running cross-functional teams to implement wealth management, financial planning and trading technology solutions for blue chip clients.