Avelo business development director Paul Yates has left the technology provider following the completion of its acquisition by Australian firm Iress.
Integration of the two businesses will be overseen by Iress global chief executive Andrew Walsh, together with a UK management team headed by former Avelo chief executive Simon Badley.
Yates, who has previously held director roles at Sesame and Vertex Financial Services, has decided to leave the firm following the completion of the deal.
Badley says: “By joining forces with Iress, we have the opportunity to take this vision a step further and market technology built by Avelo on a global stage.
“I would like to take this opportunity to thank Paul Yates for his contribution to the Avelo business to date, who has decided this point to be an appropriate time to exit the business and I wish him well in his future endeavours.”