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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.