Hazeltree, a leader in treasury and liquidity management technology for the alternative asset management industry, announced the opening of a new FinTech engineering centre in the UK’s growing coastal tech hub of Bournemouth.
The new centre is being opened as part of Hazeltree’s expansion strategy and to support growing demand for its unique cloud-based FinTech solutions for private markets investment firms, hedge funds and other asset managers across Europe. The company is experiencing rapid growth across all geographical regions, onboarding many new clients to its platform across all commercial verticals and significantly increasing Hazeltree’s global footprint.
The centre, which officially opens on November 1, will be staffed by software developers, product managers and owners, as well as DevOps and client services professionals focused on designing, building, and onboarding new clients onto Hazeltree’s innovative treasury and liquidity management FinTech solutions. The building is located close to The Triangle in the vibrant heart of Bournemouth and is a Grade II listed building and architectural landmark that was originally built in the 1800s and has undergone extensive renovation. With the capacity to accommodate up to 70 employees, Hazeltree expects the new centre to be well over half full by the end of 2022.
“We are pleased to unveil our new engineering centre, which marks a significant milestone in our growth strategy,” said Tushar Amin, President and Chief Executive Officer of Hazeltree. “The centre will be instrumental as we continue to expand our client base and develop new products to meet the mounting treasury and liquidity management needs of financial institutions across the globe.”
Bournemouth has been dubbed as the UK’s fastest-growing tech hub. In addition to a steady pipeline of talented graduates coming through Bournemouth University’s National Centre for Computer Animation and Bournemouth & Poole College, the south coast city continues to benefit from the “Covid effect” of an influx of young tech professionals seeking new pastures away from London. Hazeltree is actively recruiting from this pool of talent to fill newly created positions in the company.
“We are thrilled to set up shop in the digital hotspot of Bournemouth,” said Sol Zlotchenko, Chief Technology Officer and Head of Private Markets at Hazeltree. “With its engineering power and depth of tech talent, we are confident the centre will help take Hazeltree from strength to strength as we further enhance our best-of-breed treasury and liquidity management FinTech capabilities at a time of increasing complexity in global markets.”
The firm is also actively recruiting in London, New York and Hong Kong across a mix of roles.
