Transcend, a leading provider of analytics, optimization, and automation for collateral, liquidity, and funding, has appointed Steve Vena as Business Specialist. Vena brings over 30 years of experience as a senior leader and innovator in capital markets operations and finance. In this role, Vena will be responsible for expanding Transcend’s business and product strategy to solve complex operational challenges at financial institutions.
Most recently, Vena leveraged his strong operational background to lead global capital markets transformations at both HSBC and Jefferies. He has also led global teams at firms including Lehman Brothers, Deutsche Bank and Millennium Partners. Additionally, Vena has played major roles in industry initiatives, such as ISDA’s credit derivatives working group.
“Transcend’s technology is unique in that it achieves true STP, from collateral optimization to booking automation, reducing manual effort in a very controlled and scalable way from the front- to back-office,” explained Vena. “I’m thrilled to be a part of Transcend’s journey. I look forward to contributing to further product development and helping more clients as they adopt our solutions.”
“We’re excited to bring Steve onboard as he works with Transcend to grow and scale our business with certainty,” said Bimal Kadikar, CEO of Transcend. “Steve’s vast global capital markets knowledge will help us meet our clients’ objectives for end-to-end efficiency and control, while supporting Transcend’s expansion both globally and into new markets.”
On top of the addition of Steve Vena, Transcend recently announced the hire of Rajen Patel. Patel, based in London, will lead European sales, strategy and efforts to build an international presence. He joins Transcend with over 20 years of capital markets experience.
Transcend is a leading provider of optimization solutions for collateralized businesses. With a growing roster of world-class banks and other financial institutions as clients, the firm is quickly becoming the gold standard for the real-time, firm-wide management of inventory, funding and liquidity. With more than 115 employees globally, Transcend addresses an array of regulatory and capital challenges that are facing the industry with a user-friendly, SaaS-based or on-prem collateral and liquidity management platform. For more information, visit transcendstreet.com.