by Alnoor Visram, General Manager – Finance and Operations, Mitsubishi Corporation Finance PLC
Founded in 1950, Mitsubishi Corporation has become Japan’s largest general trading company with over 200 locations in 80 countries worldwide. Mitsubishi employs a multinational workforce of approximately 60,000 people across 500 group companies. The company operates in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise.
Originally, Mitsubishi Corporation Finance PLC (MCF) in London, was established as an investment company; however, from mid 2006, it became the treasury centre for Mitsubishi’s business units in Europe. MCF uses SunGard’s AvantGard Quantum for front office, back office and accounting, and Reval® for revaluation and prospective hedge effectiveness calculations, with the intention of using it also for retrospective testing in the future.
Mitsubishi Corporation Finance Plc (MCF) in London, was established as an investment company; however, from mid 2006, it became the treasury centre for Mitsubishi's business units in Europe.