Despite a marked upturn in global market conditions over the past year, the environment remains challenging for cash and risk management providers and their clients. But there are plenty of opportunities and some of the leading providers have excelled themselves during this period by continuing to invest in their business and develop innovative products and solutions.
One such provider is Deutsche Bank, the recipient of our 2010 Awards for Innovation and Excellence in Global Cash Management and Global Risk Management. Having won these awards in 2009, Deutsche Bank’s continued top billing shows it is getting things right in the eyes of treasurers at a time when many bank relationships have been tested due to tightened credit markets.
“We are delighted to receive this recognition of our efforts over the past year from the readers of TMI. Innovation and excellence are attributes we aspire to when delivering solutions to meet our clients’ cash and risk management needs,” says Marilyn Spearing, Global Head of Trade Finance and Cash Management Corporates at Deutsche Bank’s Global Transaction Banking. “Sustained internal investment and the strength of our balance sheet have helped us to continue to win market share during and after the crisis. We are well positioned to assist our clients in dealing with whatever the global economy throws at them in the coming months and years.”
Efficient cash management and risk management are crucial at all stages of the business cycle and the experiences of the past several years have certainly heightened awareness of the importance of these disciplines. Many corporates are now looking at cash and risk management in a different, more holistic light, taking a strategic approach to developing structures that will assist in driving growth but also in providing contingency arrangements should we again experience difficulties in short-term credit markets.