Strategic Treasury

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An Entrepreneurial Approach to Centralisation at AkzoNobel Having made considerable progress towards centralising payments, cash management and trade finance in Asia, with a robust base from which to extend these activities in the future, the next major area of focus is FX risk management.

An Entrepreneurial Approach to Centralisation at AkzoNobel

by Jarno Timmerman, Head of Treasury South East Asia Pacific, AkzoNobel Treasury & Investor Relations

AkzoNobel has a centralised approach to treasury management, with a regional treasury centre (RTC) based in Singapore with responsibility for Asia Pacific, apart from China, Hong Kong and Taiwan which are supported through a dedicated treasury function in Shanghai. The RTC supports between 110 and 120 entities across 20 countries, covering cash management, foreign exchange, risk management, internal and external financing and investment.

 

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