Hazeltree, a provider of integrated buy-side treasury management solutions, has appointed Sol Zlotchenko as the company’s chief technology officer (CTO).
In this role, Zlotchenko (pictured) will lead all aspects of technology direction, product development and technical support for Hazeltree’s treasury solutions.
He joins Hazeltree with more than 20 years of software industry experience and extensive financial technology and hedge fund expertise.
“Due to increased regulatory constraints around managing cash and collateral, the need for robust treasury solutions is more critical than ever before,” says Sameer Shalaby, CEO of Hazeltree. “Sol’s expertise in building innovative FinTech products and scaling development organisations will be essential in taking our products to the next level and supporting our clients’ complex needs around managing treasury. As we evaluate the impact of cutting edge technologies such as blockchain and big data, Sol’s leadership will be critical to our continued products innovation.”
Zlotchenko most recently was chief technology officer of investment management solutions provider, Paladyne Systems, which he co-founded in 2005 and was integral to its global growth until it was eventually acquired by Broadridge Financial Solutions in 2011.
As CTO, Zlotchenko was responsible for all aspects of technology operations including development and product management. He played a key role in building Paladyne's hosted Application Service Provider (ASP) solution, which was scalable for hedge funds of any size and for industry service providers such as fund administrators and prime brokers. Under his leadership, Paladyne’s front-to-back office solutions managed large data volumes and offered real-time flexibility, enabling Paladyne to grow its client base from hedge funds to larger institutional buy-side firms and banks.
“As regulations continue to reshape the financial industry, we continue advancing our products to help our clients manage this disruption, identify unrealised alpha opportunities as well improve operational efficiencies around managing cash and collateral,” says Zlotchenko. “Our mission is to help our clients efficiently manage their counterparties with a comprehensive and transparent view of the market.”
Zlotchenko has extensive experience in building and scaling companies from infancy to product delivery. Prior to Paladyne, Zlotchenko has been an investor, executive, and software developer at a number of financial firms, including Goldman Sachs and Alexandra Investment Management.