Joining the advisory board is Stephanie Dimarco, founder and former CEO of Advent Software, who led the company to IPO and later sale to SS&C; John Willian, a 28 year veteran of Goldman Sachs who held variety of roles including head of global prime services; Scott Freidenrich, previously was the treasurer at BNY Mellon and has also held senior roles at Citigroup. These advisors are joining Jon Beyman, who acted as Managing Director, and Global Head of Operations and Technology of Citigroup’s Institutional Client Group and various other firms.

“Transcend is a leading collateral & liquidity optimization solutions provider in the industry,” said Dimarco. “I am looking forward to sharing my experience with the team to help them achieve new heights as they navigate their next phase of growth.”

“I am very excited to be joining the Transcend team at this critical juncture. The breadth and quality of products that Transcend provides connects multiple ecosystems and enables boundless opportunities to drive efficiencies across the industry,” said Willian.

Transcend successfully serves a broad market by connecting liquidity, funding and collateral within business areas or across the enterprise. As margin requirements grow through more electronic trading & clearing, collateral is now a well established front office activity, whereas before it was an afterthought. Due to this, Transcend is more prevalent than ever, demonstrated through its massive growth in terms of clients, revenues & team size.

"Transcend is a trend setter, being the first to implement collateral optimization across triparty agents as well as providing insightful liquidity analytics. The industry needs this breadth & depth to serve traditional collateralized business areas as well as Treasury departments and liquidity managers across sell-side and buy-side institutions,” said Freidenrich.

“I am thrilled to be joined by the new advisory board members and look forward to working with them as I apply my decades of operations & technology experience,” said Beyman. “With the company in a period of growth, it’s an exciting challenge to help them scale while maintaining the stellar brand reputation”

The addition to Transcend’s advisory board comes on the heels of their recent expansion into Europe. The company now has ambitions to further this expansion into Asia. All new board members have experience in global operations, which will aid in Transcend’s mission.

“We’ve carefully selected our advisory team, and the expertise they bring to the table will help drive the next phase of growth for Transcend,” says Bimal Kadikar, Founder & CEO of Transcend. “We have accomplished a lot in the last few years and we’re looking forward to expanding our boundaries with the help of our new advisors.”