Stavtar Solutions, a business spend management and expense allocation SaaS provider serving complex enterprises such as alternative asset managers, announced the appointment of Michael Basen as Head of StavMarket.
StavMarket is the company’s premium vendor discovery and engagement platform integrated into the StavPay ecosystem. Positioned as a gateway to the $3.1 trillion AUM StavPay community, StavMarket connects vendors with alternative asset managers through curated warm introductions, searchable profiles and relationship-driven engagement.
Basen brings more than two decades of experience advising alternative asset managers across banking, fund administration and digital asset infrastructure. He has held senior leadership roles at BankUnited, NYDIG and State Street, and previously worked at BNY Mellon, Morgan Stanley and Ernst & Young.
The company said Basen’s experience across financial institutions and digital asset platforms will support efforts to expand StavMarket and deepen vendor engagement within the StavPay community.
Stavtar is headquartered in New York and maintains a global presence in Dallas, London, Mumbai and Bengaluru. Founded by professionals from the alternative asset management industry, the company provides business spend management and expense allocation software built for the Office of the CFO. Its flagship platform, StavPay, serves more than 130 alternative asset managers collectively overseeing over $3.1 trillion in AUM.
KEY QUOTES:
“We are excited to welcome Michael to Stavtar. Michael understands the vendor ecosystem that surrounds alternative asset managers and the importance of trusted, relationship-driven connectivity. His experience positions him well to expand StavMarket and deepen vendor engagement within our community.”
Steven Petersen, Co-Founder of Stavtar
“Alternative asset managers operate in highly specialized ecosystems where trust and alignment matter. StavMarket provides a structured gateway to decision-makers across private equity firms, hedge funds, and family offices. I look forward to scaling the platform and expanding its impact.”
Michael Basen, Head of StavMarket at Stavtar
