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Jennifer Nayar Tracks Evolving Fintech Area

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That is the second in a collection of articles profiling earlier Markets Selection Award winners. Nominations are open for the Tenth-anniversary MCAs program, which shall be held on Might 4, 2022 in New York.

Jennifer Nayar, former CEO of Vela Buying and selling Programs, gained CEO of the Yr at Markets Media’s 2017 Markets Selection Awards.

Jen Nayar

Nayar began her profession in capital markets in 1987, and labored in consumer providers, product administration, and know-how roles at corporations resembling London Inventory Change, NYSE Euronext and Mercator. She joined Vela from REDI in June 2015, and she or he was chargeable for all features of the agency’s enterprise globally.

Nayar was instrumental in rising the corporate’s merchandise and consumer base in addition to constructing a management staff with international market knowledge and know-how experience.

She additionally drove development globally whereas main initiatives that fostered revolutionary next-generation know-how leveraging cloud, and offered purchasers with extra content material and knowledge together with increasing protection to new markets and asset lessons resembling fastened earnings and FX.

In Might 2021, knowledge and execution know-how supplier Vela introduced it was merging with Exegy Inc. “I did six years because the CEO at Vela and felt that it was time to strive one thing new,” she advised Merchants Journal, a Markets Media Group publication.

Nayar stated she stayed with the corporate for one more six months to assist with the mixing. “I really simply wrapped up my position there. I’m at dwelling taking a little bit of a break and excited about what’s subsequent,” she stated.

In keeping with Nayar, her method to operating the corporate was at all times to guide from behind, to push her staff ahead, and be there as a security internet for the staff.

“I imagine in empowering the staff and delegating,” she stated. “I feel that’s what makes an excellent CEO. I don’t just like the ‘command and management’ mannequin,” she stated, stressing the significance of getting totally different views and opinions on the desk with folks wanting on the identical downside via a distinct lens.

She stated that individuals are extra more likely to go the additional mile in the event that they perceive what the corporate is making an attempt to realize and what it means for them, not only for their very own profession improvement.

“Motivating folks means ensuring that they’re clear on what we’re all making an attempt to realize; understanding what it’s going to take to get there; offering steering once they want it; and clearly, ensuring individuals are nicely compensated alongside the way in which,” she defined.

2017 CEO of the Yr

Nayar stated that within the CEO position you don’t know what challenges await. “I feel my greatest studying expertise was that it’s important to be mentally and bodily match to rise up and do this every single day,” she commented.

Vela was her first CEO position and she or he’s open to a different CEO place. Nayar is at the moment having a couple of job conversations: “Nothing agency but, however I’d love to do it once more,” she stated.

She is happy in regards to the fintech area, saying there’s at all times new and fascinating issues to unravel with know-how. “It’s an trade that by no means stands nonetheless and there’s at all times one thing new to study,” she stated.

In keeping with Nayar, wherever there’s complexity and guide course of, there is a chance for know-how to unravel a few of these issues. She cites the instance of the regtech area, the place there is a chance for know-how to raised combination knowledge.

“AI (synthetic intelligence) know-how is up and coming. I feel with the ability to leverage AI know-how to filter out the noise on a few of these datasets and be capable of current knowledge that’s actionable, fascinating and significant is sort of transformative and revolutionary for our trade.”

Nayar stated that for the previous couple of years the main focus was on shifting knowledge to the cloud, whereas now all applied sciences are targeted on the crypto area.

“This space feels just a little bit just like the Wild West to me for the time being, however among the know-how challenges that we’ve had in different areas resembling capital markets may be utilized to unravel among the issues within the crypto area, as soon as it turns into extra closely regulated.”

On the non-public entrance, Nayar’s greatest achievement over the past 5 years is that she “survived the teenage years” at dwelling and received her daughter into school. “She turns 20 this 12 months and we’re each nonetheless standing,” she stated.

She additionally rescued a couple of Rottweiler canine: “Only a 12 months in the past, we rescued one other Rottweiler – the fourth one which we’ve rescued now,” she stated. “That’s fairly rewarding stuff and one million miles away from know-how – an excellent steadiness for my mind.”

“The canine retains me busy. My daughter retains me busy. And after I get 5 minutes to myself, I’m making an attempt to learn and determine what’s occurring with the trade,” she concluded.

Earlier MCA Winner Profiles:

Larry Thompson’s Profession Recommendation: Maintain an Open Thoughts


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