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HazelTree Names Sameer Shalaby as President and Chief Executive Officer to Lead Company Expansion

Founder and former CEO of Paladyne Systems to increase focus on customer service and product innovation

HazelTree, the leading provider of integrated treasury management solutions announced today that its Board of Directors has named hedge fund industry veteran Sameer Shalaby as the company’s president, chief executive officer 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, 48, joins HazelTree with more than 25 years of software industry experience and extensive financial technology and hedge fund expertise. As HazelTree’s new CEO, his top priorities will be accelerating the company’s global growth, increasing focus on customer service and driving product innovation.

Sameer Shalaby most recently was the founder and chief executive officer of investment management solutions provider, Paladyne Systems, which he founded in 2005 and led its global growth until it was acquired by Broadridge Financial Solutions in 2011, where he continued as President of Paladyne until he departed in 2013. Prior to Paladyne, Shalaby founded investor operational management and accounting solutions provider, Cogency Systems, in 2002 and, as CEO, led its growth in the alternative investment industry until his departure in 2005. Prior to Cogency, Shalaby co-founded technology and vertical applications provider, TenFold Corporation, in 1993, and led various technology and executive roles throughout its explosive growth and public offering in 1999. He started his career at Oracle as a member of its core technology team. Shalaby holds a Bachelor of Science from The George Washington University and a Master of Science from Massachusetts Institute of Technology, is an active investor in software startups and serves on several technology startup boards.

“As we seek to aggressively move HazelTree forward and reinforce the company’s 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’s next stage of growth,” said Remy W. Trafelet, HazelTree’s chairman of the board. “The board is confident that Sameer’s 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.”

“The need for HazelTree’s 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,” said Sameer Shalaby, president and chief executive officer of HazelTree. “HazelTree 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 realize the maximum benefit of our solution.”

HazelTree’s solutions enable its clients to manage multiple counterparty relationships to increase efficiencies and identify operational alpha opportunities.