Fides Treasury Services Appoints New CEO

ZURICH, Jan. 10, 2017 /PRNewswire/ -- Fides Treasury Services Ltd., a member of the Credit Suisse Group and the global leader in multi-bank connectivity and communications, today announced that Andreas Lutz has been unanimously appointed by Fides' Board of Directors as chief executive officer effective immediately.  Lutz succeeds Fides' previous chief executive, Alain Schmid, who announced his desire to step down in September 2016 to pursue continued service within Fides' parent company, Credit Suisse Ltd.

"It is of utmost importance for us to place a sound focus on succession planning. Our priority has been to find the best leader for our clients, employees and partners," said Albert Angehrn, Fides board chairman. "After a thorough and deliberate search both internally and externally, we appointed Andreas Lutz as our new CEO. Andreas has thorough understanding of our clients' needs as well as the dynamics and trends of the treasury and banking markets.  With Andreas taking the role of chief executive, we are very confident Fides has the leadership required to drive the next generation of success."

Serving both Credit Suisse and Fides for a combined 15 years, Lutz has completely focused on heading sales, marketing and projects for the last three years of his tenure and in 2015 was named as Fides' chief marketing officer.  Working closely with his predecessor, Alain Schmid, he has achieved proven success in guiding and delivering on the strategic direction for the firm.  Over the past 3 years, Fides has achieved 78% growth in terms of revenues, expanding the company's global footprint into new markets, including the Americas and Asia Pacific.

In addition to his responsibilities as chief marketing officer, Lutz has most recently spearheaded the client-driven R&D efforts that have directly resulted in a new product development strategy for the firm.  Lutz has overseen the exponential growth in signing over 300 client projects for the firm over the past three years and has been instrumental in identifying and orchestrating Fides' partnership strategies.

"I am honored that the board has chosen me to lead Fides into the future and continue the legacy of excellence that we have delivered to the market for over a century," says Andreas Lutz.  "My vision is for Fides to continue to be at the forefront of connectivity and transaction communication innovations."

ABOUT FIDES

Fides is the global leader in multi-bank connectivity and transaction communications.  Originally founded in 1910, Fides is an independently operated subsidiary of Credit Suisse.

With the industry's largest bank connectivity network, Fides helps over 3,000 active clients communicate with more than 10,000 banks globally.  Our geographic reach spans 170 countries across the Americas, EMEA, and the APAC regions.

Committed to helping corporations optimally connect and interact with their banks for over a century, Fides' connectivity solutions delivers critical multi-bank account statement, payment workflow, and reporting capabilities that allow treasury and finance teams to easily, accurately, and securely communicate with their banks through any possible channel such as SWIFT, EBICS or any alternative network.

Press Contact: Andrea Rahs – Marketing & Communication; Email: [email protected], 347-920-1673

SOURCE Fides