by Holger Frank, Head of Financial Institutions Group and Global Transaction Banking Asia, UniCredit
Asia is becoming increasingly attractive as a destination for international corporates due to the growing population, demand and wealth in the region – and these incentives are being compounded by the possibility of realising significant efficiencies through regional treasury centres. Meanwhile, corporates based in Asia are looking to expand into Europe to broaden their presence. As they do so, the adoption of the new Single Euro Payments Area (SEPA) payments format is paving the way for these corporates to achieve considerable operational efficiency – making European expansion increasingly achievable. UniCredit’s long history in Asia and profound knowledge of European markets makes it well positioned to support corporates moving in both directions – offering a range of tools and support to help make the transition smoother and more efficient than ever before.