According to the financial technology company, his appointment is a move to strengthen its private equity division.
He will report to Dan Yoder, executive vice president and general manager of the private equity business unit.
Richards has nearly two decades of experience in alternative fund administration and financial reporting.
He joins from Boston-based State Street where he worked in hedge fund and private equity fund administration within the bank’s investment solutions division.
Commenting on his appointment, Richards said: “NES Financial's next-generation third-party solution is poised to completely revolutionise private equity fund administration … They're doing fascinating things in the space."