HazelTree expands East coast team 19 January 2012New York Reporter: Anna Reitman
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HazelTree has appointed Paul Calderone as managing director of operations. In his new position, he will manage all aspects of HazelTree’s rapidly expanding operations, which are focused on delivering high-performance Treasury functionality to multi-primed hedge funds.
Calderone was previously director of Equities and Prime Services at Credit Suisse in institutional sales and development, covering traditional asset managers, investors and hedge funds.
“HazelTree’s client base has tripled over the past six months, so Paul is joining us at a particularly exciting and opportune time,” said company CEO Stephen Casner.
In addition, Calderon was product manager for balanced alpha services and was responsible for increasing the market share for short extension business to top position within the prime services industry. Previously, at Morgan Stanley, Mr. Calderone was VP in Equity Financing Services and led product development and product management efforts across the securities divisions among other roles.
“Asset managers face increasing complexity as they deal with multiple counterparties, operational systems and regulations. The cost of managing that complexity can be high and HazelTree will be at the forefront in delivering cost effective, next generation solutions to the industry,” said Calderone.
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