Date: 28 May 2025

FOR IMMEDIATE RELEASE

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Avallone Appoints Georg Hetrodt as Chairman of the Board

Copenhagen, Denmark - May 28, 2025

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Avallone, a leading European provider of cutting-edge KYC (Know Your Customer) software and services, is proud to announce the appointment of Georg Hetrodt as Chairman of the Board, effective May 2025.

Georg Hetrodt is a highly respected executive in the global fintech sector, and he serves as the Chief Executive Officer of SimCorp, a position he assumed in January 2025 after a distinguished tenure with the company spanning almost three decades since 1998.

His appointment marks a significant milestone for Avallone as it enters a new chapter of growth, scale and strategic impact.

“We are thrilled to welcome Georg Hetrodt as Chairman of the Board,” said Anders Meinert Jørgensen, CEO and Co-founder of Avallone. “Georg brings extraordinary vision, operational excellence, and a track record of transforming and scaling complex global businesses. He is a problem solver by heart, and his leadership will be instrumental in guiding Avallone through its next phase of innovation and international expansion.”

For more than 25 years at SimCorp, Hetrodt has held several senior leadership roles, including CEO, Chief Operating Officer and Chief Product Officer. He led the globalization of SimCorp’s professional services organization and oversaw one of the largest scaled agile transformations in Northern Europe. Earlier in his career, he was Managing Director of SimCorp’s German subsidiary, where he grew revenue by 440 percent and profitability by 24 percentage points - demonstrating his deep focus on growth, team development and customer success.

Hetrodt also holds a PhD in Pure Mathematics and an MSc in Mathematics from Universität Münster, Germany.

“As the leader of a company that is committed to innovation and client success, I am excited to join Avallone’s Board at such a dynamic point in its journey,” said Hetrodt. “They have a strong foundation, an exceptional team and a clear mission to solve one of the most critical pain points for corporations, funds, and banks globally. I look forward to working closely with Avallone’s Directors and leadership team to drive long-term value for customers, employees and shareholders.”

In addition to the role as Chairman of the Board, Georg Hetrodt is an investor in Avallone. Founded in 2020, Avallone has quickly built a reputation for excellence in KYC compliance and operations, serving a prestigious client base that includes Fortune 500 companies across Europe. Its product suite provides a holistic 360 view of all activities for KYC, as well as Due Diligence and Third Party Risk Management, and includes the KYC Responder, KYC Collector and KYC Hub. Avallone’s products work alongside its Managed Services and Advisory Services, and together these have redefined how corporations, funds and banks manage, collect and respond to KYC requests.

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About Avallone:

Avallone is a Copenhagen-based KYC technology company providing enterprise-grade KYC software and services to multinational corporations and funds. With an intuitive platform, powerful automation, built in AI and expert support, Avallone empowers global organizations to collect KYC and respond to KYC requests with speed, accuracy and full compliance. Learn more at www.avallone.io.

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Media Contact:

Ada Chan

Public Relations Officer / VP Strategy and Planning

Email: ada@avallone.io