In-house Banking: The Ultimate Treasury Centralisation Model?

by Raffi Basmadjian, Deputy Treasurer, Orange and Filipe Simao, Head of Client Advisory & Strategic Marketing, BNP Paribas Cash Management

Another of the Open Stage workshops at the 2016 Cash Management University featured Raffi Basmadjian, Deputy Treasurer of Orange, who is well-known across the treasury profession for the pioneering approach that he and his team have taken towards centralisation and optimisation of liquidity and risk. He was joined by Filipe Simao, Head of Client Advisory and Strategic Marketing, BNP Paribas Cash Management who provided expert insight into in-house banking best practices.

Filipe Simao began by describing how the in-house bank is often the culmination of treasurers’ centralisation journey. In-house banks typically support the group either at a regional or global level across a range of activities that mirror those of a bank, including: netting; intercompany finance; cash and liquidity management; financial risk management; centralised payments and centralised collections (figure 1). He emphasised, for example,

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