Transcend hires former ENSO CTO
24 January 2020 New York
Image: Shutterstock
Transcend, a provider of real-time collateral and liquidity optimisation technology, has hired Kayur Parekh from ENSO Financial to lead the expansion of its cloud-based technology for the buy-side.
Transcend aims to offer integration of over-the-counter derivatives functions with other business silos to manage margining across the enterprise.
A spokesperson for Transcend tells SLT that Parekh, who started as a senior technology manager this month, will contribute to the firm's plans to accelerate its derivatives margining strategy to meet the unique needs of the buy-side participants, including pension funds, asset managers, alternatives.
Transcend is also focused on helping the buy-side prepare for their Uncleared Margin Rules deadlines in 2021, which will require more margining and add to operational complexity and impacting collateral assets and liquidity.
Transcend’s technology will enable the buy-side to optimize collateral and liquidity while meeting UMR requirements, the spokesperson adds.
Parekh brings more than 18 years of technology and financial markets experience, including most recently serving as chief technology officer at ENSO for just over year.
At ENSO, Parekh spearheaded the technology transformation of the next generation of its solutions focused on cloud and microservices-based architecture.
The new role marks Parekh’s return to Transcend, as he previously served as a senior solutions architect of the initial technology platform for the firm between 2013 and 2017.
He also brings experience from roles at NEX (now part of CME Group) and Citi.
Of his new position, Parekh says: “I look forward to joining Transcend and leveraging my extensive experience in delivering state-of-the-art technology for cross-asset collateral, funding and liquidity management.”
“Transcend is experiencing explosive growth for our analytics, optimisation and regulatory solutions,” says Bimal Kadikar, CEO and founder of Transcend. “I have known Kayur for years and his expertise in developing advanced, scalable systems on the cloud and for the buy-side will accelerate our strong technology capabilities and momentum.”
Transcend aims to offer integration of over-the-counter derivatives functions with other business silos to manage margining across the enterprise.
A spokesperson for Transcend tells SLT that Parekh, who started as a senior technology manager this month, will contribute to the firm's plans to accelerate its derivatives margining strategy to meet the unique needs of the buy-side participants, including pension funds, asset managers, alternatives.
Transcend is also focused on helping the buy-side prepare for their Uncleared Margin Rules deadlines in 2021, which will require more margining and add to operational complexity and impacting collateral assets and liquidity.
Transcend’s technology will enable the buy-side to optimize collateral and liquidity while meeting UMR requirements, the spokesperson adds.
Parekh brings more than 18 years of technology and financial markets experience, including most recently serving as chief technology officer at ENSO for just over year.
At ENSO, Parekh spearheaded the technology transformation of the next generation of its solutions focused on cloud and microservices-based architecture.
The new role marks Parekh’s return to Transcend, as he previously served as a senior solutions architect of the initial technology platform for the firm between 2013 and 2017.
He also brings experience from roles at NEX (now part of CME Group) and Citi.
Of his new position, Parekh says: “I look forward to joining Transcend and leveraging my extensive experience in delivering state-of-the-art technology for cross-asset collateral, funding and liquidity management.”
“Transcend is experiencing explosive growth for our analytics, optimisation and regulatory solutions,” says Bimal Kadikar, CEO and founder of Transcend. “I have known Kayur for years and his expertise in developing advanced, scalable systems on the cloud and for the buy-side will accelerate our strong technology capabilities and momentum.”
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