Dymon Asia, an Asia-focused alternative investment manager, has expanded a multi-year relationship to further leverage Hazeltree’s cash management capabilities across its treasury and operational organisation.
Hazeltree helps Dymon’s treasury team manage operational risks, strengthening its cash management controls, driving efficiencies and optimizing excess cash.
Hazeltree provides a comprehensive treasury and securities finance cloud-based solution to alternative asset managers globally. With complex multi-strategy investments, meeting Dymon Asia’s treasury and portfolio finance needs requires the domain expertise, experience, and technology that Hazeltree delivers.
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; and the execution of cash movements and payments via a fully integrated wire solution, including multi-level authorisations, robust internal controls and detailed audit trails.
Additionally, with Hazeltree, Dymon Asia’s authorised users can review and approve wire movements from their mobile devices, which is critical to Dymon Asia, given the remote workflow prevalent in today’s Covid environment.
“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,” says Ken Tonkinson, Dymon’s Asia’s Chief Operating Officer (Public Markets) and Head of Investor Relations. “Hazeltree has helped streamline our treasury management function and further minimise operational risks. This has also helped us identify opportunities to optimise our cash. Our expansion of Hazeltree services was a logical extension to increase our operating efficiency and productivity.”
“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,” says Sameer Shalaby, President and Chief Executive Officer of Hazeltree. “We look forward to supporting Dymon’s treasury requirements as they continue to expand their business.”
