NEW YORK, LONDON and HONG KONG–(BUSINESS WIRE)–Hazeltree, the leading provider of treasury and liquidity management solutions for the asset management industry, announced today that its Board of Directors has appointed technology industry leader Tushar Amin as the company’s president, chief executive officer and board director. Tushar Amin joins Hazeltree with more than 25 years of software and IT services industry experience and extensive background in delivering world-class business solutions to the financial services sector.
Tushar Amin most recently was a member of the senior leadership team and Business Model Innovation Leader at Kyndryl, the IT services company spun off from IBM in 2021. Prior to Kyndryl, Tushar was the Chief Operating and Strategy Officer for IBM Global Technology Services. He also previously served in IBM Software Group, IBM Corporate Finance and PricewaterhouseCoopers Consulting. Tushar started his career as an Operations Research Engineer at Lockheed Martin. He holds a B.S. in Economics and Business Management from Stony Brook University, and an MBA in Finance with distinction from NYU Stern School of Business.
“Tushar’s breadth of experience in the commercial and technology domains relevant to Hazeltree’s business, as well as his track record of success in serving the financial services sector, make him an excellent fit for the next phase of growth at Hazeltree,” said Remy W. Trafelet, Hazeltree’s Founder and Board member.
“Hazeltree has been a pioneer in the asset management industry, innovating treasury and liquidity management solutions for hedge funds and private markets firms,” said Tushar Amin, President and Chief Executive Officer of Hazeltree. “Now the value our solutions provide is becoming even more critical as the financial environment changes, and I’m looking forward to seizing this moment to realize even greater success for all of us at Hazeltree.”
Tushar takes over from Doug Haynes, who has served as interim Chief Executive Officer of Hazeltree since October 2021. Doug will continue with Hazeltree as Executive Chairman. Doug is a Managing Partner of Council Advisors, and was formerly President of the hedge fund Point72. Council Advisors has provided strategic counsel and interim executive leadership to Hazeltree, including Paul Magill as interim Chief Marketing Officer and Simonida Subotic as Senior Financial Advisor.
“I am delighted to pass the CEO baton into such capable hands as Tushar’s,” said Doug Haynes, Executive Chairman of Hazeltree. “My Council Advisors colleagues and I have enjoyed working with Hazeltree, and come to fully appreciate its unique positioning and capabilities. Tushar’s leadership will empower Hazeltree to reach its full growth potential.”
“I want to thank Doug and his team at Council Advisors for immersing themselves with the management team at Hazeltree and helping us set a new path for sustainable growth,” said Remy W. Trafelet, Founder and Board member of Hazeltree. “With Tushar’s arrival, we open a confident new chapter for Hazeltree. Doug’s role as Executive Chairman will ensure continuity as we make a successful transition to Tushar’s leadership.”
Hazeltree is the leading treasury and liquidity management solution provider for investment management firms, serving hedge funds, private markets, asset managers, fund administrators, insurance companies, pension funds and corporates. Hazeltree’s innovative cloud-based treasury and liquidity solutions deliver enhanced transparency, liquidity, risk mitigation, streamlined operations and increased IRR by optimizing counterparty interactions, credit facilities, margin requirements, and fees. Hazeltree is headquartered in New York with offices in London and Hong Kong.
About Council Advisors
Council Advisors is a consulting firm comprised of experienced leaders who have served as operating executives, senior partners, investors, and board members for a diverse set of firms including some of the world’s largest enterprises and most prestigious management consulting firms. Council Advisors provides confidential advice and executive support to Boards and senior enterprise leaders, to help them define and mobilize their agendas. Council Advisors is headquartered in New York.