Back to the Future
If we could somehow harness this lightning… channel it into the Flux Cabacitor… it just might work. Next Saturday night, we’re sending you back to the future!
– Doc Brown, “Back to the Future” (1985)
In the summer of 2011, five Penserra Securities employees and I moved 17 miles southeast from our drab, humble one-room office located two floors above a Thai restaurant in Orinda to plushier digs in beautiful downtown Danville. The reason for the move was simple: Penserra, primarily an equity execution firm, had just brought on a team of fixed-income specialists, and their offices were bigger, better and brighter than ours. This move accomplished three things; one, Penserra expanded immediately from nine employees to fifteen. Two, we were now even further away from the epicenter of the San Francisco financial district. And three, we now had a bathroom we didn’t have to walk outside to use. We were big time, baby!
But that was then, and this is now. Penserra Securities has grown to over forty employees (Robo and I were employees #5 and #6), and we now offer to institutional clients services in global and domestic equity program and single stock trading, fixed income capital markets, transaction cost analysis, transition management, equity research, and investment banking. We also have offices in New York, Chicago, and Orinda.
What a second…did you say Orinda? O-R-I-N-D-A? Yep, sure did.
Penserra was bursting at the seams in Danville, and as a growing firm we wanted to be closer to San Francisco. Not many Wall Street firms can say this, but Penserra grew during the past five years. Grew, as in added more people and products. Hence the need for more space.
On Monday, April 21st, Penserra Securities officially pulled a “back to the future” move and returned to Orinda. Only this time we have cubicles, trading desks, conference rooms and a kitchen (we’re going to make out own Thai food).
And best of all…we don’t have to go outside to use the bathroom. We are big time, baby!
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