SOURCE: HazelTree

HazelTree

February 09, 2012 06:00 ET

HazelTree Fires Up to Manage New Growth

Sandeep Rawal Named CTO as Firm's Client Base Triples in Its First Year

NEW YORK, NY--(Marketwire - Feb 9, 2012) - HazelTree, a leading provider of Treasury management services for alternative investment managers, has appointed Sandeep Rawal to the position of Chief Technology Officer, effective immediately.

In his new position, Mr. Rawal will lead HazelTree's efforts to use breakthrough technology to deliver high-performance, customer-focused Treasury functionality to multi-primed hedge funds. He is moving into the role as former CTO Matt Johnson takes on consulting duties for HazelTree at one of the world's most respected hedge funds, a firm that has just become HazelTree's 10th licensed client.

"With the addition of our newest client, HazelTree now delivers Treasury solutions to a client base that manages more than $60 billion in assets," stated Stephen Casner, CEO of HazelTree, adding, "The changes we've made inject additional firepower into our organization and bring everyone closer to the roles they are best suited to play."

Mr. Johnson concurred, observing that "Sandeep has unmatched experience creating and implementing new technologies, platforms and products, and seamlessly weaving them into client operations. And I am excited about returning to the 'front lines' of a big fund, so this is clearly a win-win for all of us, especially our clients."

Prior to his new role at HazelTree, Mr. Rawal most recently served as CTO of Fir Tree Partners, where AUM grew to more than $7 billion during his tenure. He brings over 20 years of knowledge and experience from his years at Moore Capital Management and Maverick Capital in New York, as well as deep global experience working for Pepsico International and Apel Computer in Botswana.

"HazelTree is a dynamic company that is focused on redefining the way hedge funds think about and manage their Treasury function," said Rawal. "Our team will continue to build on our current success, delivering solutions that measurably improve a fund's performance while reducing its operational risk. We know how to add real value to our clients' operations; our goal is to exceed their expectations by fulfilling our mandate to make every basis point count."

About HazelTree: HazelTree delivers cutting-edge Treasury Management software as a service to multi-primed hedge funds from their offices in New York City and San Francisco. 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 and margin management, stock loan, stock borrow, counter party exposure, Fx hedging and reconciliation activities for cash, positions and trades, in addition to its latest offering of Form PF, regulatory and document management tools.

To learn more, please visit the company's website at: www.hazeltree.com

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