by Bruce Meuli and Jonathon Traer-Clark, Global Business Solutions executives, Global Transaction Services, Bank of America Merrill Lynch
In this new TMI series, leading global business solutions experts at Bank of America Merrill Lynch, Bruce Meuli and Jonathon Traer-Clark, discuss their perspectives on how the role of corporate treasury is changing, with growing influence both across the business and at an executive level. As they explain, treasury has a wealth of expertise and knowledge that can generate significant value for the organisation, but at the same time, need to maintain a growing range of skills to meet changing expectations and requirements.
BM The industry often starts with the concept of the treasurer as an individual. I think a better approach is to view treasury as a team or a functional unit, recognising that the various roles within treasury have been shaped by a whole host of factors. The traditional treasury function has evolved significantly over the last 10 or 20 years in response to changing internal and external demands. This means you need to look at treasury through a broader lens, rather than in isolation from other parts of the business.