Hazeltree opens securities finance services to Neuberger Berman
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Hazeltree opens securities finance services to Neuberger Berman 19 September 2017New York Reporter: Jenna Lomax
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Buy-side treasury manager Hazeltree has connected its securities finance and collateral management product suite with Neuberger Berman, a private investment manager.
Hazeltree will also provide automated workflows in reconciliation, margin management.
According to Hazeltree, its solution will create efficiencies and provide scalability across these growing functions.
Headquartered in New York, Neuberger Berman manages $271 billion in client assets, controlling equities, fixed income, private equity and hedge fund portfolios.
Pat Lomelo, global head of operations at Neuberger Berman, said: “At Neuberger Berman, we continually work to enhance our infrastructure to best serve clients and the increasingly complex solutions they demand.”
“Hazeltree has helped to streamline our treasury management function and has delivered leading-edge risk-reduction capabilities.”
Sameer Shalaby, president and CEO of Hazeltree, commented: “The successful implementation of the full Hazeltree suite of products at Neuberger Berman is a testament to the flexibility and capability of our solutions for complex businesses of all types managing cash, collateral and other treasury functions."
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