Steven D. Spence

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Steven D. Spence
Occupation Senior Managing Director
Employer TerraNova Capital Partners
LinkedIn Profile

Steven D. Spence is senior managing director of TerraNova Capital Partners, a boutique investment banking and advisory firm focused on small-to-middle market companies. [1] He also is a member of the board of directors of Valued Ventures, a consultancy he founded in 2003 to foster the development of micro and small-cap companies.[2]


Before founding Valued Ventures, Spence, who began his career at Merrill Lynch in 1987, and became manager of interest rate futures at the Chicago Mercantile Exchange, eventually became managing director for the firm. During his career with Merrill, he was posted to Paris, then Tokyo, in both cases as manager of futures and options.

He served on a number of industry boards, including MATIF’s international advisory board, the CFTC’s financial products advisory board and FIA’s Japan Chapter.[3]

Spence served as chairman of the FIA from 2000 to 2001, and in 2006, was inducted into the Futures Industry Association's Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the futures and options community. [4].


Spence is a graduate of Columbia University in New York City.


  1. Meet Our Team. TerraNova Capital.
  2. "Conde Nast ”. Conde Nast.
  3. "Steven D. Spence”.
  4. Futures Hall of Fame. FIA.