Treasurer SpotlightCareer MovesCrown Agents Bank appoints Richard Weald as CTO

Crown Agents Bank appoints Richard Weald as CTO

Weald has 20 years of financial markets expertise and says he aims to enhance Crown Agents Bank product strategy as its new chief technology officer

In a bid to become fully digital, Crown Agents Bank has hired Richard Weald as its chief technology officer (CTO) from Earthport.

Crown Agents Bank is focusing on becoming a fully digital transaction bank for emerging markets.

Albert Maasland, CEO, Crown Agents Bank, said: “With Richards expertise, we can improve the customer experience yet further, grow volumes and improve operational efficiency and compliance procedures.”

Weald concurs: “Digitalisation helps us achieve our goal of securely expanding our commercial and central bank clients’ access to global markets and developing greater connectivity within and across borders.

“My first task will be to ensure that the Bank presses on successfully with its technology initiatives and programmes.

“I also look forward to outlining a long-term technology roadmap for delivering the digital processes and solutions our stakeholders and customers require.”

Weald joins Crown Agents Bank from Earthport where he has implemented technology transformation programmes for high-volume growth.

In his new role, Weald will be responsible for using technology to align and enhance operational processes, client due-diligence and risk management.

Who are Crown Agents Bank?

Crown Agents Bank is a London-based wholesale transaction bank provider looking to support entities in emerging economies with a focus on international payments, cash management, cross-border pensions and payroll.

Its sister company, Crown Agents Investment Management (CAIM) also provides investment management services.

There is no shared ownership between Crown Agents Bank and the international development company Crown Agents Ltd since its acquisition in 2016.

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