Transcend Appoints Todd Hodgin as Global Head of Product to Accelerate Platform Innovation
- Dec 16, 2021
- Blog People Press Releases Technology
Transcend, a leading provider of liquidity, funding, and collateral technology, has named former Senior Advisor, Todd Hodgin, as Global Head of Product. In this new role, Hodgin will be responsible for driving Transcend’s product innovation and designing a best-in-class technology roadmap.
As Transcend accelerates growth, with solutions and customers significantly diversifying over the past year, it is essential to make investments in product that effectively scale with the Company’s maturation. Hodgin will lead the development of forward-looking solutions that proactively address the financial services industry’s greatest challenges and inefficiencies.
“As we continue to solidify our presence as a clear leader in the collateral management space, I look forward to expanding Transcend’s impact on the broader capital markets and financial services industry,” said Bimal Kadikar, Transcend’s CEO. “Todd’s contributions as a Senior Advisor in 2021 proved invaluable and I am confident that in this new capacity, Todd will help Transcend reach new and exciting milestones in 2022.”
Prior to joining Transcend, Hodgin led a 15+ year career at Wells Fargo, most recently serving as Executive Vice President of Enterprise Business Process Management & Operational Design. Hodgin has been called upon to lead multiple board and operating committee imperatives and successfully implemented transformational enterprise-level initiatives. During his tenure at Wells Fargo, he led a variety of risk management organizations and initiatives that addressed credit, operational, compliance, liquidity and market risk.
“The market continues to evolve quickly with greater demands on collateral and funding as well as new sources of funding,” explained Todd Hodgin. “As Transcend’s new Head of Product, I am excited to help our clients succeed in this increasingly complex ecosystem by designing solutions that eliminate frictions that limit the optimal usage of financial resources.”
Hodgin is one of many additions to Transcend’s leadership team in 2021. In addition to UK executives Rajen Patel and Patrick Tessier, Transcend recently onboarded veteran business specialists, including former JP Morgan Executive Director Jason Arboreen and former HSBC and Jefferies executive Steve Vena. In 2021, Transcend’s global staff grew by more than 35%
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 120 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.