Transcend bolsters advisory board 30 January 2023US Reporter: Lucy Carter
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Analytics and automation provider Transcend has announced a series of senior appointments, with Stephanie Dimarco, John Willian and Scott Freidenrich (pictured) joining its advisory board.
Transcend offers liquidity, funding and collateral decisions solutions to a range of global banks, asset managers, broker-dealers and custodians.
The three additions to the board will support the company’s accelerating global expansion, it says. Following a recent move into the European markets, it aims to grow its Asian presence.
Dimarco founded portfolio management and accounting solutions provider Advent Software, which was acquired by SS&C in 2015. She served as president and CEO of the company for more than 30 years.
Willian spent more than three decades with Goldman Sachs, where he was managing director and vice president, partner and subsequently advisory director. His focus in the latter role was on fintech investing and market structure-related advocacy.
Freidenrich began his career at Citi, where he became head of US institutional sales and prime broker in 2009. He then moved to BNY Mellon, where he became global treasurer and, in 2021, president of BNY Mellon North America.
Commenting on his appointment, Freidenrich says: "Transcend is a trend setter, being the first to implement collateral optimisation across tri-party agents as well as providing insightful liquidity analytics. The industry needs this breadth and depth to serve traditional collateralised business areas as well as treasury departments and liquidity managers across sell-side and buy-side institutions.”
Bimal Kadikar, founder and CEO of Transcend, states: “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. 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.”
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