Hazeltree Teams With BNY Mellon For Cash Management Solution

Sep 28 2017 | 8:35pm ET

Integrated treasury management specialist Hazeltree has teamed with BNY Mellon to deliver an independent platform that streamlines cash management for buy-side and corporate firms. 

The initiative delivers BNY Mellon's suite of cash, treasury and custody services through Hazeltree's advanced treasury management technology, according to a joint statement. Under the relationship, BNY Mellon clients will enjoy full transparency across portfolios, as well as optimization of cash investment and streamlined FX hedging. 

In a collateral management study released in June, BNY Mellon found that over 60% of firms are developing enterprise-level functions to optimize the sourcing of collateral, funding and liquidity, the statement added. The new platform arrangement addresses this industry need.

"Many firms are missing opportunities to optimize their cash usage due to manual and incomplete processes," said Sameer Shalaby, President and CEO of Hazeltree. "Our new platform increases transparency into their holdings, minimizes frictional costs and reduces operational risk."

The initiative will be rolled out in phases to select BNY Mellon clients that will be provided access to both the Hazeltree technology platform and the existing BNY Mellon infrastructure. 

BNY Mellon provides investment management and investment services in 35 countries and more than 100 markets, with $31.1 trillion in assets under custody and/or administration and $1.8 trillion in AUM as of June 30, 2017, 

Based in New York, Hazeltree is a leading treasury management solution provider, serving hedge funds, asset managers, fund administrators, insurance companies and pension funds. The company’s integrated treasury management solution includes comprehensive cash management, securities financing, collateral management, counterparty management and margin management capabilities. 


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of