#USA #New York #Stavtar #StavMarket #Michael Basen

Stavtar Solutions Welcomes New Leadership

In an exciting development in the financial technology sector, Stavtar Solutions, a prominent player in the business spend management and expense allocation software as a service (SaaS) industry, has announced the appointment of Michael Basen as the head of its innovative vendor engagement platform, StavMarket. This strategic move highlights Stavtar's commitment to strengthening the connections between vendors and alternative asset managers.

Who is Michael Basen?

Michael Basen is no stranger to the complexities of the alternative asset management landscape, boasting over 20 years of diverse experience in areas such as banking, fund administration, and digital asset infrastructure. His impressive career trajectory includes senior leadership roles at significant financial institutions like BankUnited, NYDIG, and State Street, alongside earlier noteworthy positions at BNY Mellon, Morgan Stanley, and Ernst & Young. His extensive expertise positions him perfectly to lead StavMarket and enhance its offerings.

The Significance of StavMarket

StavMarket is a premium vendor discovery and engagement platform that has been integrated into the StavPay ecosystem. It serves as a critical gateway to an expansive community managing over $3.1 trillion in assets under management (AUM). By connecting alternative asset managers with a wide array of vendors, StavMarket fosters relationship-driven engagements through curated introductions and searchable profiles.

Steven Petersen, Co-Founder of Stavtar, expressed enthusiasm regarding Basen's appointment, emphasizing that his comprehension of the vendor ecosystem and the essentiality of trust are crucial for deepening relationships within the community. This understanding is particularly vital given the specialized nature of the alternative asset management field, where trust and alignment play pivotal roles.

Michael Basen’s Vision

In a statement, Michael Basen conveyed his commitment to scaling the StavMarket platform, ensuring it remains a structured gateway to decision-makers across various investment sectors, including private equity firms, hedge funds, and family offices. Basen's vision reflects the evolving needs of alternative asset managers who are seeking reliable partners in navigating the complexities of their specialized ecosystems.