HazelTree appoints Shalaby as president and CEO
10 May 2016 New York
Image: Shutterstock
Financial management solutions provider HazelTree has named Sameer Shalaby as the company鈥檚 president, CEO and board director.
He replaces Stephen Casner, who will continue with HazelTree as its global head of partnerships to forge key strategic relationships with major industry players.
Shalaby, who brings 25 years of financial technology experience, will prioritise accelerating the company鈥檚 global growth, increasing focus on customer service and driving product innovation, according to HazelTree.
He said: 鈥淭he need for HazelTree鈥檚 solution has never been greater. Dissipating custody and liquidity boundaries between financial institutions are driving alternative managers as well as traditional asset management firms toward a much more active treasury management function.鈥�
鈥淗azelTree is a strategic asset in this evolving environment that will enable our clients to improve profitability and maintain effective capital market relationships. Our laser focus on customers will ensure they realise the maximum benefit of our solution.鈥�
Prior to joining HazelTree, Shalaby made a career out of successfully launching and running financial service provider companies between 1993 and 2013, such as Cogency Systems, TenFold Corporation and Cogency.
Most recently, Shalaby founded Paladyne Systems, an investment management solutions provider, which he ran as CEO from 2005 to 2011, when it was acquired by Broadridge. He continued to serve within the company as president until 2013.
Remy Trafelet, chair of HazelTree鈥檚 board, which elected Shalaby, added: 鈥淎s we seek to aggressively move HazelTree forward and reinforce the company鈥檚 position as a top treasury and collateral management provider, we focused on identifying a seasoned leader who could bring vision, customer success and a wealth of experience to HazelTree鈥檚 next stage of growth.鈥�
鈥淭he board is confident that Sameer Shalaby鈥檚 diverse and broad experience in the alternative investment industry, strong focus on customer relationships, as well as his passion for leading high-performing teams, will make HazelTree the treasury management solution provider of choice worldwide.鈥�
He replaces Stephen Casner, who will continue with HazelTree as its global head of partnerships to forge key strategic relationships with major industry players.
Shalaby, who brings 25 years of financial technology experience, will prioritise accelerating the company鈥檚 global growth, increasing focus on customer service and driving product innovation, according to HazelTree.
He said: 鈥淭he need for HazelTree鈥檚 solution has never been greater. Dissipating custody and liquidity boundaries between financial institutions are driving alternative managers as well as traditional asset management firms toward a much more active treasury management function.鈥�
鈥淗azelTree is a strategic asset in this evolving environment that will enable our clients to improve profitability and maintain effective capital market relationships. Our laser focus on customers will ensure they realise the maximum benefit of our solution.鈥�
Prior to joining HazelTree, Shalaby made a career out of successfully launching and running financial service provider companies between 1993 and 2013, such as Cogency Systems, TenFold Corporation and Cogency.
Most recently, Shalaby founded Paladyne Systems, an investment management solutions provider, which he ran as CEO from 2005 to 2011, when it was acquired by Broadridge. He continued to serve within the company as president until 2013.
Remy Trafelet, chair of HazelTree鈥檚 board, which elected Shalaby, added: 鈥淎s we seek to aggressively move HazelTree forward and reinforce the company鈥檚 position as a top treasury and collateral management provider, we focused on identifying a seasoned leader who could bring vision, customer success and a wealth of experience to HazelTree鈥檚 next stage of growth.鈥�
鈥淭he board is confident that Sameer Shalaby鈥檚 diverse and broad experience in the alternative investment industry, strong focus on customer relationships, as well as his passion for leading high-performing teams, will make HazelTree the treasury management solution provider of choice worldwide.鈥�
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