Celonis is hiring Niki Morscher as strategic account director, effective December 1, a source familiar with the matter told finews.com on Thursday. Morscher is to be responsible for strategic financial services firms in Switzerland and Austria.

He is currently director of customer and third-party risk solutions at the London Stock Exchange for Germany, Switzerland and Benelux, Nordics, and the Baltic region. He has spent the entirety of his 24-year-career with Thomson Reuters, then Refinitiv, and the LSE when it bought the business in February.

The hire of Morscher signals Celonis wants to beef up its business with Switzerland's financial services firms. Germany’s most valuable start-up, the process mining specialist was valued at roughly $11 billion following its most recent fundraising in June.