ZURICH, 25.05.2018 - As one of the fastest growing Fintech start-ups, Evolute offers a platform that combines technology, operations and services. This holistic approach was the result of the merger with SwissComply - the leading provider of compliance, legal and risk management services. In order to strengthen the focus on the two different core businesses and to take account of the dynamics of the individual divisions, the Board of Directors of Evolute Group Ltd. has decided to separate the two companies organizationally. "We are convinced that this sharpened strategic orientation will further enhance the attractiveness of our offering for customers and partners," says Michael Hartweg, Chairman of the Board of the Zurich-based Fintech company.

This step will have no significant consequences for existing and future customers, and the range and scope of services will remain unchanged. Both companies will continue to work closely together and benefit from each other's know-how. The Evolute technology platform will still be available for the consulting business. Thus, both parties benefit from the advantages created by the merger in the future as well.

The composition of the Board of Directors of Evolute Group Ltd., Evolute Ltd. and SwissComply Ltd. remains unchanged. This purely organizational restructuring is subject to the approval of an extraordinary shareholders' meeting at the end of the second quarter. After five years of successful leadership of SwissComply and Evolute, Kaspar Wohnlich will step down as CEO and remain with the company as strategic consultant until the end of 2018. The Board of Directors of Evolute would like to thank Kaspar Wohnlich for his great contribution and his valuable commitment in establishing and further developing the group and looks forward to continued good cooperation. Michael Hartweg will take over the function of CEO ad interim.