CTO | CIO | Group Technology Leadership

Richard
Forss

Helping boards and executive teams navigate technology strategy, platform modernisation, and AI adoption in financial services.

Richard Forss
Based in
Switzerland & UK
Focus
Financial Technology
Experience
30+ Years
Get in Touch → Scroll to explore
30+
Years Experience
230+
Tech Organisation
$3.5bn+
Assets
4×
Euromoney Awards

Background

Technology executive with more than thirty years of leadership across financial technology platforms in regulated European markets. I have led large-scale modernisation programmes, rationalised complex product estates and built secure cloud-native data platforms that support growth, resilience and improved client outcomes.

My experience spans B2B SaaS, wealth and trading platforms, digital asset infrastructure and institutional risk systems. I have built and led geographically distributed engineering and operations teams of more than 200 professionals, introducing disciplined governance, financial control and product operating models aligned to commercial performance.

Institutional Innovation

Authored Deutsche Bank's first online trading system (dbconvertibles.com) — won the Euromoney award four consecutive years.

Serverless Risk Engineering

Architected an AWS Lambda-based risk engine reducing processing time from 20 hours to 20 minutes for millions of calculations.

Enterprise AI Strategy

Launched an AI strategy embedding LLMs into engineering, operations and client-facing products — achieving 20–30% productivity gains.

10× Platform Scalability

Delivered architectural simplification resulting in a 10× increase in user capacity and order throughput across global markets.


Recent Thinking

Press mentions and selected posts on technology leadership, architecture and engineering culture.

Engineering

You Don't Have to Outrun the Lion: On the Perils of Optimising What You Haven't Measured

Why the trading industry's obsession with latency optimisation often misses the mark. Data-driven decisions beat guesswork.

Read on LinkedIn
Technology Leadership

The Case for Product Operating Models in Financial Services

Why transitioning from project-led delivery to a product operating model with accountable squads transforms both velocity and outcomes.

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AI & Engineering

Embedding AI Into the Engineering Lifecycle

Practical lessons from integrating LLMs into the SDLC, automated testing and IT operations to deliver measurable productivity gains.

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Architecture

Serverless Risk Engines: Lessons from Production

How we reduced risk calculation processing from 20 hours to 20 minutes using AWS Lambda at a $3.5bn hedge fund.

Read on LinkedIn

How I can help

Providing strategic technology leadership to financial institutions, fintechs and investment firms at critical inflection points.

01

Platform Architecture & Modernisation

Transforming fragmented legacy estates into scalable, cloud-portable platforms. Strategic roadmap definition, architectural simplification and technology governance.

02

Board & Advisory

Non-executive technology counsel for boards navigating platform transformation, regulatory change or digital-asset strategy.

03

Operating Model Transformation

Transitioning technology divisions to modern Product Operating Models with accountable squads, delivery governance and outcome-based oversight.

04

AI Strategy & Engineering Productivity

Enterprise AI strategy definition and implementation. Embedding LLMs into engineering workflows, operations and client-facing products.

05

Operational Resilience & Compliance

Strengthening infrastructure to meet DORA, MiFID II, CySEC and global regulatory standards. 99.99% uptime targeting, observability and incident management.

06

Technology Governance & Financial Control

Financial governance frameworks including annual planning, budget review, CapEx/OpEx classification, IFRS alignment and board-ready reporting.


Career

Three decades of technology leadership across global banks, hedge funds and fintech firms.

Jul 2024 — Present

Chief Technology Officer

Cyprus / Zug / Remote
EXANTE

Leading the transformation of a global multi-asset brokerage platform serving retail, HNW, institutional and white-label clients across 60+ regulated markets. Accountable for architecture, engineering, product delivery, cybersecurity, data platforms and IT operations across a 230+ person technology division within a 700+ person organisation.

Platform Modernisation AI Strategy 230+ Staff Product Operating Model
Feb 2023 — Jul 2024

Deputy Chief Technology Officer

Zürich, Switzerland
Crypto Finance AG (Deutsche Börse Group)

Appointed to strengthen governance, delivery discipline and platform resilience across trading, custody and tokenisation businesses operating under institutional ownership and regulatory oversight.

Deutsche Börse Group HSM Security Digital Assets Platform Replacement
Feb 2020 — Dec 2022

Co-Founder & Chief Technology Officer

Zug, Switzerland
Covario AG

Co-founded a digital asset prime brokerage serving high-frequency trading funds, asset managers and family offices. Full accountability for technology strategy, platform architecture, security and engineering leadership from inception through institutional onboarding.

Co-Founder FINMA Licence Low-Latency Trading 35 Engineers
Oct 2012 — Sep 2019

Chief Technology Officer

Zug, Switzerland
Argentière Capital AG

CTO of a USD 3.5bn global hedge fund covering equity volatility, fixed income, FX and systematic strategies. Recruited as the first employee to design and build the complete technology estate. Architected a serverless AWS-based risk engine reducing processing from 20 hours to 20 minutes.

$3.5bn AUM AWS Lambda Serverless Risk First Employee
Feb 2012 — Sep 2012

Freelance Consultant

Designed the first REST API for the Imagine Trading System and delivered one of the industry's earliest iPad applications for portfolio and risk visibility.

Feb 2008 — Jan 2012

Systems Director

London, United Kingdom
Arrowgrass Capital Partners LLP

Directed the technology build-out for a multi-billion dollar hedge fund spin-out from Deutsche Bank. Led separation and migration of proprietary trading models, systems and data from a global bank to independent infrastructure.

$8bn Fund DB Spin-out London & NY
Oct 2004 — Feb 2008

IT Director

London, United Kingdom
Deutsche Bank AG — OMNIS

Technology lead for an internal hedge fund incubator preparing for independence. Built distributed pricing and risk systems supporting multi-asset trading strategies.

Pricing & Risk Multi-Asset Trading
Jun 1999 — Sep 2004

Project Manager / Senior Developer

London, United Kingdom
Deutsche Bank AG — Convertibles

Led development of dbconvertibles.com, Deutsche Bank's first online convertible bond trading and analytics platform. Won the Euromoney award four consecutive years.

Euromoney Award ×4 First Online Trading
Early Career
Bankers Trust
Warrants & Convertibles · 1998–1999
Union Bank of Switzerland
Equities Technology · 1994–1998
NatWest Bank
Credit Card Services · 1993–1994
Credit Suisse First Boston
Trading Technology · 1991–1993
Citibank
Strategic Business Solutions · 1990–1991

Technology Domains

Cloud & Infrastructure

AWS GCP Containerisation Kubernetes CI/CD Terraform Observability

Security & Resilience

HSM Secure SDLC SAST/DAST Penetration Testing Operational Resilience Disaster Recovery

Architecture

Microservices Event-Driven API-First Low-Latency Trading FIX Protocol Multi-Asset Platforms

AI & Data

Enterprise AI Strategy LLM Integration Real-Time Streaming Analytics Platforms Data Pipelines

Client & Digital

Online Trading Platforms Digital Assets White-Label Solutions Client Portals

Governance & Regulation

DORA MiFID II FINMA CySEC HK SFC FCA

Let's talk

Interested in how I can help your organisation with technology strategy, platform transformation, or board advisory?