Fast Track to Liquidity Optimisation

by Jennifer Winkle, Director of Corporate Finance, Albemarle Corporation

In 2015, Albemarle was a distinguished winner of the TMI Star Award for Liquidity Management in association with BNP Paribas, presented at the EuroFinance Conference in Miami. Specifically, the award recognised Albemarle’s success in integrating and optimising liquidity since the acquisition of Rockwood in January 2015. In this article, Jennifer Winkle, Director of Corporate Finance (previously Assistant Treasurer), describes the liquidity objectives of the newly combined group in more detail, and how treasury has achieved them.

Key Points

• Albemarle’s acquisition of Rockwood necessitated the amalgamation of the two treasuries
• Among the first priorities were to optimise liquidity and ensure the credit needs of the newly combined group were met
• The article describes how Albemarle has achieved a global liquidity structure by working with BNP Paribas, BMG and J.P. Morgan, and outlines the group’s plans for further rationalisation and simplification of its account and liquidity structures in Europe

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