Crown Agents Bank appoints Richard Weald as its new CTO

London - Crown Agents Bank has appointed Richard Weald as its new Chief Technology Officer. Weald will oversee the Bank’s use of technology to align and enhance operational processes, client due-diligence and on-boarding, risk management, and further enhance Crown Agents Bank’s product strategy.

Weald brings over 20 years of financial markets expertise and technological know-how to the Bank. He joins from Earthport, a provider of foreign exchange and cross-border payment services, where he served as Global Head of IT Operations & Information Security. Weald previously held a number of senior positions within Technology and Information Security at Newedge, a global multi-asset brokerage, wholly acquired by Société Générale in 2014. At both organisations, Weald implemented technology transformation programmes to accommodate rapid high-volume growth whilst enhancing resiliency and control frame-works.

“My first task will be to ensure that the Bank presses on successfully with its technology initiatives and programmes,” says Weald. “I also look forward to outlining a long-term technology roadmap for delivering the digital processes and solutions our stakeholders and customers require. Developing technological resilience is the key – that means both building the Bank’s own capacity whilst ensuring we partner with the right technology driven organisations.”

Crown Agents Bank’s CEO Albert Maasland comments: “We’re a 200-year-old bank that is looking more and more like a fintech. Over the past year, we have put in place cutting-edge technology that allows us to offer currencies and FX payments in and out of a range of frontier and emerging markets quickly and efficiently. Now, with Richard’s expertise, we can improve the customer experience yet further, grow volumes, and improve operational efficiency and compliance procedures.”