Transcend announces the appointment of Jason Arboreen, former J.P. Morgan executive director, as business specialist.
Based in New York, Arboreen will help firms optimise collateral usage across business lines to maximise value and overcome the complex challenges of today’s financial infrastructure.
With over 20 years of financial industry expertise, Arboreen most recently served as executive director for J.P. Morgan for nine years, where he held many roles within the equity finance and securities services lines of businesses.
Prior to this, he held positions at UBS and Goldman Sachs where he implemented several arranged financing, portfolio accounting and performance measurement products.
“Jason brings a strong combination of prime services and securities finance expertise to Transcend,” says Bimal Kadikar, CEO at Transcend. “As we round out our team of practised financial services professionals, we are thrilled to have Jason onboard and leading product innovation for prime and securities finance businesses.”
Arboreen adds: “An inefficient use of collateral is simply no longer acceptable given the significant pressure that financial firms are under to reduce balance sheet usage. I look forward to accelerating the optimisation of collateral usage and driving tangible value for Transcend’s clients.”
