Richard is the co-founder and managing partner of Arel Capital, where he oversees the firm’s investment activities. He brings more than 40 years of institutional investment experience, with a career that spans global derivatives markets, large-scale portfolio management and direct real estate investment.

Prior to co-founding Arel, Richard served as chief investment officer, a member of the executive committee and a board member of Gottex Fund Management, a publicly traded fund of hedge funds with peak assets under management exceeding $17 billion. In that role, he was responsible for manager selection, portfolio construction and risk management across a globally diversified portfolio of strategies.

Earlier in his career, Richard served as global head of trading and derivatives at Putnam Investments, where he was also a member of the firm’s executive and management committees. Prior to that, he spent 13 years at J.P. Morgan in a series of senior trading roles — including head of derivatives trading, head of mortgage-backed securities trading and co-head of equity derivatives — building the deep capital markets fluency that continues to inform Arel’s approach to structuring and risk.

In parallel with his institutional career, Richard has personally acquired, renovated and actively managed a significant residential real estate portfolio over more than 30 years, giving him direct operational experience that complements the firm’s broader investment platform.

Richard holds a BA (hons) from McGill University and a Master of Philosophy from Cambridge University.