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Benedict Roth
Managing Director
Benedict Roth is a senior risk management expert with more than 35 years of experience across banking, financial regulation, and digital asset markets. His expertise spans counterparty credit risk, market risk and financial engineering, with a focus on traded risk, emerging infrastructures, and the interaction between risk, regulation and business strategy.
Risk Management Expert Witness
Mr. Roth has held Chief Risk Officer roles in both traditional and digital financial institutions. Most recently, he served as interim Chief Risk Officer at AsiaNext, a Singapore-based cryptocurrency derivatives exchange, where he established the firm’s risk management architecture, including governance, controls, and collateral frameworks, and led the redesign of its perpetual futures product.
Previously, as Chief Risk Officer at Zodia Markets, a startup digital asset exchange and brokerage with a complex financial, operational, cyber, and financial crime risk profile, he designed and implemented a comprehensive risk framework which enabled the firm’s successful registration with the UK Financial Conduct Authority as a cryptoasset service provider.
Mr. Roth spent eight years at the Bank of England (and previously the Financial Services Authority), where he worked across supervision and prudential policy. He advised on complex regulatory arbitrage issues, counterparty credit risk, and risk culture, as well as contributing to international regulatory initiatives, including a Basel Committee working group tasked with analysis of the impact of regulation on the global repo markets.
Earlier in his career, he held senior risk roles at HSBC, WestLB, Rabobank, and Caspian Securities, developing advanced approaches to counterparty credit risk, valuation of credit-risky derivatives, and traded risk management. At HSBC, he led global funds credit risk analytics and helped evolve the bank’s approach to valuing credit-risky transactions by integrating expert judgement with quantitative models.
Mr. Roth began his financial services career at National Westminster Bank, where he held a range of business strategy, risk and treasury roles over more than a decade, contributing to the development of one of the earliest regulator-approved value-at-risk models in the UK and advising senior management on capital allocation and strategic risk exposures.
He has published extensively on risk management and financial markets in outlets including Risk.net, the Financial Times, and the Bank of England Quarterly Bulletin. He holds an MA from Oxford University and pursued graduate studies in Operations Research at Stanford University.
EXPERTISE
Counterparty Credit Risk
Digital Assets & Cryptocurrencies
Enterprise Risk Frameworks
Repo & Synthetic Financing
Regulatory Arbitrage
EDUCATION
Worcester College, Oxford
MA, Oriental Studies
Stanford University
Graduate studies in Operations Research
WORK HISTORY
SEDA Experts
Managing Director
2026-Current
AsiaNext (Asia Digital Exchange Pte Ltd)
Chief Risk Officer (interim)
2024-2025
Zodia Markets
Chief Risk Officer
2021-2023
Bank of England
Chief Risk Officer, Ministry of Housing, Communities and Local Government
2018-2020
Policy Strategy and Implementation, Prudential Policy
2016-2018
Supervisory Risk Specialists and International Supervision
2012-2015
HSBC BANK PLC
Head of Global Funds Credit Risk Analytics
Credit Exposure Measurement and Control
2006-2011
Fimat International Banque SA
Deputy Head of Risk & Credit
2005
WestLB AG, London Branch
Deputy Head of the Market Risk Management Group in London
2001-2005
Rabobank International, London Branch
Director
1998-2001
Merrill Lynch
Equity Derivative Product Controller
1997-1998
Caspian Securities
Head of Risk Management
1996-1997
National Westminster Bank
Operations research, risk and treasury roles
1984-1996
Contact
Benedict Roth
1185 Avenue of the Americas
New York, NY 10036
+1 646-626-4555

