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Several conferences in 2016 have persuaded me that most treasurers (and most bankers) do not really understand distributed ledgers such as blockchain and their implications for the profession. Here I take a closer look at the key attributes of distributed ledgers and put these into perspective.
This issue’s question
“Since AEC integration at the end of 2015 what have been the most significant developments across the ASEAN region and what opportunities or challenges have these developments created for corporate treasury departments?”
In what can only be described as a challenging time for the region’s banks, corporate treasurers are looking for banking partners that are committed to them and the region for the long term. In this interview, Mark Evans, Managing Director, Transaction Banking at ANZ, outlines how the bank intends to continue to forge deep and lasting relationships with its corporate and financial institution clients and leverage its unique strengths to ensure treasurers are able to tackle the challenges of today and tomorrow.
Can a treasurer become a CEO? Wan Chun Shong, Treasurer at Tan Chong Group certainly believes so. In his view, corporate treasury professionals have the perfect balance of strategic insight and financial acumen that can allow them to rise to the very top of a company. In this profile, he outlines how he has worked to elevate the standing of the treasury function within his company and at the same time raise his hand as a business leader of the future.
Managing receivables has always been a challenging piece of the Accounts Payables/Accounts Receivables jigsaw and when those receipts are in foreign currency, the problems are only compounded. In this article, Deutsche Bank’s David J. Cooper, Head of the FX4Cash™ Product Specialist Team in Asia, discusses the opportunities for companies to address the issue and explains how Deutsche Bank has developed a solution to respond to the foreign currency receivables conundrum.
Optimising supply chain activities is a priority for many companies in Asia. As well as centralising procurement processes, some companies are seeking further efficiency by setting up global supply chain centres which can centralise both procurement and treasury activities.
Global e-commerce continues to grow, revealing new opportunities for businesses and their treasury departments across the world. Asia Pacific is now the largest e-commerce market globally, offering a diverse mix of economies each with an enormous amount of e-commerce potential. In this article, Citi’s Treasury and Trade Solutions team in the region discuss the growth opportunities for companies within the expanding e-commerce space and how they are helping clients to leverage the reach of the internet and build more modern and efficient treasury operations.
Last year was characterised by dramatic world events and considerable uncertainty – and these themes could continue to dominate the treasurer’s agenda in 2017. From political events to plugging the trade finance gap, what will treasurers be focusing on in the coming 12 months?
Excellence, innovation and the desire to continuously improve is par for the course in treasury departments across Asia Pacific. Those treasury teams then that receive a Treasury Today Asia Adam Smith Award are truly special and their success deserves to be celebrated.
In both Europe and Asia, banks have announced deals with their corporate clients utilising the blockchain. Here, Treasury Today outlines these deals.