Transcendent Group’s interim CEO for RegTech appointed permanent CEO of the subsidiary

Transcendent Group AB (publ), a leading expert within Governance, Risk and Compliance has appointed Magnus Karlsson as the permanent CEO for the subsidiary Transcendent Group Regulatory Technology (RegTech). Magnus Karlsson most recent position has been the interim CEO of RegTech and Chief Operating Officer in Transcendent Group.

”I am glad that Magnus, who has made an impressive impression among the management team in the role as interim CEO, now will become permanent CEO of RegTech. Magnus has extensive experience from our operations and services, and thereby excellent insights on the needs of our customers and the best ways to creating value”, said Martin Malm, CEO Transcendent Group.

In 2019, Transcendent Group launched the subsidiary RegTech (Regulatory Technology) with the objective to meet the markets’ demand for development and supply of digital GRC services. RegTech's first product, the RFA (Regulatory Framework Application) is a digital tool that helps customers to maintain, administrate and develop their internal regulatory framework. The product is considered to have great potential to continued growth, and is an important component of the company's growth strategy. In October, the RFA monitor add-on module was launched, which further helps the users to stay updated on new and changed regulations.

“I am excited to be appointed CEO of RegTech and to continue to lead the digital development of our service offering in this business area. I look forward to, together with the rest of the team, further enhancing our pace with the aim to taking advantage of the great growth potential that we see in the area”, said Magnus Karlsson”, CEO RegTech. 

“As Magnus now changes position, we will review how to best allocate the assignments that have been included within the framework for this role going forward”, concludes Martin Malm.

For more information, please contact:
Martin Malm, CEO Transcendent Group
Martin.Malm@transcendentgroup.com
+46 73 335 94 26

The information was submitted for publication, through the care of the contact person set out above, per 6 December 2019, 16.00 CET.

About Transcendent Group

At Transcendent Group you will meet experienced consultants in Governance, Risk and Compliance. Transcendent Group’s services provide security and opportunities for government agencies, businesses and other organizations in a variety of industries. The company was established in Stockholm in 2001 and has from the start built a differentiated offering based on a value-driven culture with experienced experts. Transcendent Group has been ranked as one of Europe’s, Sweden’s and Norway’s best workplaces in 2019 and has been a Great Place to Work since 2012. Transcendent Group is listed on Nasdaq First North Premier Growth Market. The company’s Certified Adviser is Avanza Bank, +46(0)8-409 421 20, corp@avanza.se. For more information, visit www.transcendentgroup.com.

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