Alternative investment firm Oak Hill Advisors has implemented Hazeltree’s cash and collateral management suite to manage operational risks, strengthen controls, drive efficiencies and increase yields on excess cash.
Hazetree Cash Manager enables centralised aggregation and monitoring of Oak Hill’s cash balances across more than 25 brokers, banks, and other counterparties; and, the execution of cash movements and payments of more than 100 wires daily via a fully integrated wire solution, including multi-level authorisations, robust controls and detailed audit trails.
Hazeltree Collateral Manager, meanwhile,streamlines and aggregates Oak Hill’s OTC collateral management activity; compares and reconciles internal, independently-valued OTC positions with CSA terms applied, against each counterparty’s view; and allows the firm to respond to, issue, or dispute daily margin calls to optimise capital and collateral usage.
“Oak Hill wanted to further strengthen its controls and operational efficiencies surrounding cash movements, payments and collateral management. Hazeltree provided an integrated, scalable solution that fully supports our expanding business requirements,” says John Mack, Oak Hill’s Managing Director of Operations & Client Accounting. “Hazeltree has helped our treasury management function deliver leading-edge capabilities to further minimise operational risks and identify opportunities to capture incremental yield.”
“Oak Hill has been a great partner to work with,” says Sameer Shalaby (pictured), President and Chief Executive Officer of Hazeltree. “We look forward to supporting Oak Hill’s treasury requirements as they continue to expand their business.”
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