Remo Stieger
Financial Markets | Investment Managment | Financial Infrastructure
Remo Stieger M.A. HSG is a financial markets professional and entrepreneur with more than 20 years of experience across structured investment solutions, financial technology, market infrastructure and risk intelligence.
He worked in investment banking, where he held various leading positions at global financial institutions, based both in London and Zurich. His career spans the development and distribution of structured financial products, exotic derivatives trading and market-making, investment solutions and the development of technology-driven financial infrastructure. He was a first team member of EFG Financial Products, later Leonteq, a Swiss-based FinTech company, which he was involved in launching and which later went public. He subsequently built and led businesses across innovation of financial market infrastructure and risk intelligence.
His more recent work focuses on the intersection of private markets, financial infrastructure and technology, namely Programmatic Financial Infrastructure and Component-Addressable Securities, including the development of new approaches to the origination, structuring, distribution and liquidity of private-market assets.
Alongside his industry work, Remo conducts research into financial markets, emerging financial technologies and the risks created by increasingly automated financial infrastructure.
He holds a Master in Banking and Finance from the University of St. Gallen (HSG).
Research & Publications
Flash in the pan?: Analyzing flash loan attacks on the DeFi ecosystem
Journal of Financial Crime, Emerald Publishing, 2026
DOI: 10.1108/JFC-12-2025-0468
Co-authored with Prof. Tim Hall of the University of Winchester, the research examines a relatively new form of financial crime arising in highly automated financial infrastructures, where lending, trading and settlement can occur almost instantaneously and with fewer traditional intermediaries.
At the centre of the study are flash loans — uncollateralized loans that are borrowed and repaid within a single transaction. While they represent a distinctive innovation in decentralized finance, they also create new opportunities for cyber-dependent crime.
Beyond the specific technology examined, the research raises broader questions around market infrastructure, financial crime, risk detection and the consequences of moving financial transactions toward increasingly automated environments.
The research combined criminological analysis with transaction-level risk intelligence, analysing 20.63 billion transactions across seven major digital financial networks. This made it possible to look beyond individual incidents and study how vulnerabilities, incentives and attacker behaviour interact at an infrastructure level.
That insight also has relevance well beyond the market studied in the paper.
As more parts of capital markets become digital, standardized and increasingly automated, the opportunity is not simply to make existing processes faster. It is to design better financial infrastructure from the outset: infrastructure that combines capital formation, transaction efficiency, transparency and embedded risk controls.
Read the research article in the Journal of Financial Crime →
Blockchain PoW and PoS Energy Consumption and its Environmental Impact
Methodologies and Analytics
SSRN, 2022
DOI: 10.2139/SSRN.5580053
Emerging technologies such as blockchain and distributed ledger systems offer significant opportunities but may also impact the energy system and environment if adopted without careful assessment. This study addresses this challenge by
- developing a matrix of key parameters related to the energy consumption of major blockchains,
- proposing techno-environmental methodologies to estimate the carbon footprint of prominent cryptocurrencies, blockchains, and their applications,
- analyzing the environmental implications of different blockchain architectures and consensus mechanisms, and
- creating accessible tools with data visualization and analytics to calculate carbon impact.
By specifying consistent methodologies and quantifying technological drivers of energy use, this research provides practical frameworks and metrics to evaluate the environmental footprint of blockchain technologies and support informed, sustainable decision making.
Read the research article on SSRN →
Selected Research Interests
Remo's research and professional interests include financial market infrastructure, private credit, structured investment solutions, financial technology, automated markets, financial crime and risk intelligence.