SOURCE: HazelTree Fund Services

HazelTree Fund Services

June 22, 2011 06:00 ET

HazelTree Appoints New Vice President of Sales

Company Continues to Expand to Meet Client Demand for Its Leading Edge Products and Services

NEW YORK, NY--(Marketwire - Jun 22, 2011) - HazelTree Fund Services, a leading provider of Treasury solutions, has announced the appointment of Mr. Dave Scibetta as Vice President of Sales. Based in the New York office, Mr. Scibetta will be responsible for managing client relationships, generating new business within the hedge fund community and building strategic relationships with industry 3rd party providers and the Prime Broker community.

"Dave has a terrific blend of strategic sales expertise, financial services and middle and backoffice technology knowledge. His positive attitude and proven prospecting and networking abilities will increase HazelTree's exposure to the hedge fund community," said Stephen Casner, CEO of HazelTree, "We are delighted to bring on board a proven professional to lead our sales efforts and provide solid client relationship management."

"I am thrilled to join Stephen and Matt Johnson, CTO at HazelTree, at a time when hedge funds are looking more closely at their Treasury functions," stated Mr. Scibetta. "HazelTree is at the leading edge of this industry, enhancing client performance through 'operational alpha' that identifies and releases the trapped value in their funds. Our Treasury Suite is providing unprecedented value in that it is redefining how our clients manage their Treasury function, and I am confident in our ability to set the standards for service and operational control within Cash Management, Securities Financing and Reconciliation."

Prior to joining HazelTree, Dave served as Vice President of Sales at Enfusion Systems and developed an extensive NY client base of hedge funds. Before this, he provided middle and backoffice solutions for the hedge fund community through SunGard and Fiserv. Dave also served as Director of Sales & Marketing at Wellington Financial Systems, a division of Wellington Consulting, selling trading desk software, broker workstations and inventory management solutions into the Unit Investment Trust and Auction Rate Preferred desks at large financial institutions. Before embarking on a sales career, Dave spent 9 years in technology as a business analyst and project manager with Fiduciary Trust International and InterQuant Capital Advisors. Dave has a B.S. in Business and Organizational Management from Nyack College and is the recipient of numerous industry and sales awards over the past 16 years.

About HazelTree Fund Services:
HazelTree Fund Services delivers Treasury Management software as a service to multi-primed hedge funds from their offices in New York City. HazelTree's proven systems release the "trapped value" in a fund's Treasury process which significantly improves fund performance while reducing operational risk. HazelTree Treasury functionality includes cash management, stock loan, stock borrow, counter party exposure, Fx hedging and reconciliation activities for cash, positions and trades.

To learn more, please visit the company's website at: or contact David Scibetta, Vice President of Sales, by phone at (646) 837-9451 or email

Contact Information

  • David Scibetta
    Vice President of Sales
    (646) 837-9451
    Email Contact