Hazeltree Expands Reach in China: Guotai Junan
NEW YORK, HONG KONG and LONDON, June 15, 2021 (GLOBE NEWSWIRE) – Hazeltree, the leading provider of integrated cash management and portfolio finance solutions for investment managers, today announced that Guotai Junan International (“GTJAI”, stock code: 1788 .HK), the main foreign platform of Guotai Junan Securities (“GTJA”, stock code: 601211.SS; 2611.HK) which is a full financial provider with a long position term, sustainable and leading in the Chinese securities industry, has implemented Hazeltree as a cash management solution. Hazeltree is delighted to announce its first major customer with strong ties to its parent company in China, a key expansion market identified.
To support its continued growth, GTJAI has set up Hazeltree to centralize cash and cash flow management, improve operational efficiency and strengthen internal controls. GTJAI has partnered with Hazeltree to automate manual processes for aggregating cash balances among bank counterparties, streamlining cash flow and workflows, standardizing and strengthening approval processes, and improving cash forecasting and loan management.
GTJAI has partnered with Hazeltree to:
- Improve customer support and satisfaction with Hazeltree’s streamlined treasury solution;
- Take advantage of Hazeltree’s industry-specific treasury solution, designed exclusively for financial services companies;
- Achieve process improvements and efficiencies by reducing errors, speed of obtaining quality information for decision support and risk by replacing old manual spreadsheets and,
- Gain a competitive edge in the market by adopting the latest FinTech innovations and Hazeltree’s approach to cash management.
“With our continued business success, GTJAI is focused on partnering with the latest FinTech vendors to support our goals,” said GTJAI Managing Director, Head of Treasury Department, George Wong. “Hazeltree delivers on its technological promises, while simultaneously elevating treasury to a strategic function. With Hazeltree, we are streamlining our cash management function, customer service model and decision making, while improving controls and reducing risk.
“Simply put: Technology is the engine of success and competitive advantage and Hazeltree’s technology has delivered on its promises,” said Jason Lam, CIO of GTJAI. “Working with the Hazeltree team has been a true partnership and we look forward to expanding our relationship as we continue to grow our business. “
“We are very focused on growing our business in Asia and the fact that GTJAI is our first customer based in China reflects the trust customers place in us and our commitment to the region,” said Sameer Shalaby, President and CEO. the direction of Hazeltree. “Our focus on delivering unique new treasury technology designed specifically for our industry is a clear differentiator of our mission from other vendors. “
Guotai Junan International (“GTJAI”, stock code: 1788.HK) is the market leader and the first player in the internationalization of the Chinese securities company. The Company is the first Chinese securities broker listed on the Main Board of the Hong Kong Stock Exchange through an initial public offering. Based in Hong Kong, the Company provides diversified integrated financial services. The main activity of the company includes seven categories of brokerage, corporate finance, asset management, loans and financing, financial products, market making and investments, which cover three dimensions including individual finance (wealth management), institutional finance (institutional investor services and corporate finance service) and investment management. Currently, GTJAI has been assigned long-term issuer ratings “Baa2” and “BBB +” respectively by Moody and Standard & Poor. The majority shareholder, Guotai Junan Securities Company Limited (stock code: 601211.SS; 2611.HK), is the comprehensive financial provider with a long-term, sustainable and comprehensive leadership position in the Chinese securities industry. For more information on GTJAI, please visit http://www.gtjai.com.
Hazeltree is the leading provider of cloud-based cash management solutions, serving hedge funds, private markets, asset managers, fund administrators, financial institutions and pension funds with powerful capabilities and proactive performance improvement and risk mitigation that drive alpha from operations, reduce a range of liquidity and funding risks and streamline operations. Hazeltree’s integrated cash management solution includes comprehensive cash management, securities financing, collateral and margin management, and counterparty management. Hazeltree is headquartered in New York with offices in London and Hong Kong. Visit www.hazeltree.com or contact [email protected] for more information.
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