Asia-focused alternative investment manager Dymon Asia has expanded its relationship with Hazeltree to further leverage its cash management capabilities across its treasury and operational organisation.
Hazeltree is a US provider of integrated treasury management and portfolio finance solutions for investment managers. The firm helps Dymon’s treasury team manage operational risks, strengthening its cash management controls, driving efficiencies and optimizing excess cash.
Two years ago, Dymon Asia implemented Hazeltree Cash Manager to enable centralized aggregation and monitoring of cash balances across a multitude of banks, broker dealers, and other counterparties.
It also assisted with the execution of cash movements and payments via a fully integrated wire solution, including multi-level authorizations, robust internal controls and detailed audit trails.
Additionally, with Hazeltree, Dymon Asia’s authorized users can review and approve wire movements from their mobile devices, which is critical to Dymon Asia, given the increased remote workflow following the pandemic.
Ken Tonkinson, Dymon’s Asia’s chief operating officer (public markets) and head of investor relations said: “Dymon Asia wanted to further strengthen its controls and operational efficiencies surrounding cash management and payments. Hazeltree provided an integrated, scalable solution that fully supports our business requirements Hazeltree has helped streamline our treasury management function and further minimize operational risks. This has also helped us identify opportunities to optimize our cash. Our expansion of Hazeltree services was a logical extension to increase our operating efficiency and productivity.”
Sameer Shalaby, president and chief executive officer of Hazeltree added: "Dymon Asia’s confidence in us is a reflection of the commitment we have to our clients on every level: product delivery; technological innovation; and client service. We look forward to supporting Dymon’s treasury requirements as they continue to expand their business."