Miki Vayloyan made a name for herself as an expert in the digital industry at the helm of the regtech KYC Spider. Now she has decided to leave the startup – and an ex-Avaloq executive is taking over.

CEO Miki Vayloyan is leaving regtech KYC Spider at the end of February, according to a statement released by the Zug-based company, which also serves clients from the Swiss financial sector. The departure is at Vayloyan's request, it added.

Bruno Kellenberger will take over for the manager, who apparently left at the drop of a hat, in the course of the next few months. He was most recently head of global accounts for major customers of the Swiss banking software company Avaloq and has 25 years of experience in the field.

Foreign Expansion?

The change after only two years in office comes as a surprise, especially since Vayloyan is considered a beacon of hope in the Swiss fintech scene. She told finews.com a year ago that the course for KYC Spider's growth abroad had been set; the company, which emerged from an ETH spinoff, digitizes the verification and onboarding of customers, the generation of compliance forms, and data storage.

According to sources close to the company, the startup is in a solid shape from an operational point of view. However, Kellenberger's arrival likely increases the influence of former Avaloq cadres at the company.

Former Avaloq People

Markus Groeninger, once Avaloq's chief markets officer, and Tobias Unger, who joined the board last June and used to run the banking IT firm's Swiss business, among other things, sit on the board.

The president of KYC Spider is Luka Mueller-Studer, a partner at business law firm MME. It is conceivable that Vayloyan will remain in finance – and reappear soon in a new batch.