Dymon Asia expands Hazeltree relationship to streamline cash management
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Dymon Asia expands Hazeltree relationship to streamline cash management 29 April 2021US Reporter: Maddie Saghir
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Hazeltree has expanded its relationship with Dymon Asia, an Asia-focused alternative investment manager, to further leverage Hazeltree cash management capabilities across its treasury and operational organisation.
As part of the existing relationship, Hazeltree helps Dymon’s treasury team manage operational risks, strengthening its cash management controls, driving efficiencies and optimising excess cash.
Two years ago, Dymon Asia implemented Hazeltree Cash Manager to enable centralised aggregation and monitoring of cash balances across a multitude of banks, broker dealers, and other counterparties.
In addition, it also installed the execution of cash movements and payments via a fully integrated wire solution, including multi-level authorisations, robust internal controls and detailed audit trails.
Sameer Shalaby, president and CEO of Hazeltree, notes: "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,” Shalaby says.
Ken Tonkinson, Dymon’s Asia’s chief operating officer (public markets) and head of investor relation, comments: “Hazeltree has helped streamline our treasury management function and further minimise operational risks.”
Tonkinson adds: “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.”
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