Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, has appointed Jérôme Vasamillet to further grow its presence in Switzerland. His appointment follows the recent announcement of Finantix new Tokyo-based team covering sales in Japan and South Korea as well as the hiring of a new Chief Financial Officer and new Global Marketing Director earlier in the year.

Jérôme joins Finantix with deep knowledge of innovative FinTech organisations from his time at several start-ups and two accelerators (including Fusion where he was entrepreneur-in-residence supporting FinTech startups). He also brings direct banking and wealth management experience, having previously been a Senior Investment Counsellor at Deutsche Bank and EFG Asset Management. Jérôme joins the expanding Business Development team dedicated to the Swiss market, working closely with the R&D team and clients to continue to extend Finantix’s core product suite.

Alessandro Tonchia, co-founder and director, Finantix said: “Switzerland is truly a world-class hub for the markets in which we operate, so it made complete sense that this was the next phase of our global expansion plan. Jérôme is an ideal addition to the team, with his hands-on expertise in established wealth management firms and new FinTech start-ups. His front to back office knowledge, as well as his comprehensive language skills needed for Switzerland’s international clientele are a perfect combination and we’re delighted to welcome him to Finantix at this exciting time.”

According to latest industry figures, the wealth of the world’s 500 richest people is up more than $658 billion this year, a rise of almost 14%. While there is an increase in competition by investment firms to attract and retain HNWI’s fortunes, there is also an increased requirement to offer cross-border and more sophisticated management services. With this in mind, a recent report has also highlighted how Switzerland is leading cross-border wealth management and how its international focus and multilingualism has facilitated the growth of this sector in the region.

With the backing of Motive Partners, Finantix is targeting major expansion across Europe, Asia Pacific and North America. Its focus is on building brand awareness and increasing the company’s profile in the financial services and wealth management communities for its digital acceleration, sales productivity and advice enabling software products.