An Interview with Royston Da Costa, Group Assistant Treasurer, Treasury Systems & Development, Wolseley Group Services
Royston Da Costa, who has built up many years of treasury experience with international businesses, recently published a very well-received article in TMI on the treasury technology transformation in which Wolseley has been engaged, updating readers on progress since his previous article in 2013. In this edition, Royston discusses his career and experiences in treasury with Helen Sanders, Editor.
How did you come into treasury and what attracted you to the profession?
Like many people, I really ‘stumbled’ into treasury, having previously been employed in merchant banking. My first treasury role was as a Treasury Analyst with BSB (British Satellite Broadcasting) in 1989, although the company then merged with Sky in 1990 to become BSkyB, the UK’s biggest digital subscription-based television company, and subsequently Sky plc in 2014. Although my time with BSB was relatively brief, I was involved in a range of activities such as using Forward Rate Agreements (FRAs) as part of the hedging programme, payments, bank mandates and bank relationships. It was very useful to have both banking and corporate experience to be able to see both perspectives. In addition, I enjoyed the interactions I had with other departments within the business, and with the board, which were features of treasury not often shared by junior employees of other departments in the company.