• Corporate treasurers – is now your time to shine?

    Nominations open June 13th

    Our Adam Smith Awards Asia programme is now in its third year and we are delighted to announce our continued partnership with ANZ for these prestigious awards.

  • Prepare to excel in the Adam Smith Awards 2016

    Treasury Today is delighted to announce that, for the fourth year running, the Adam Smith Awards are sponsored by Bank of America Merrill Lynch. The Adam Smith Awards are universally recognised as the ultimate industry benchmark in treasury excellence. This globally recognised industry awards programme shines the spotlight on corporates that have excelled, that demonstrate cutting-edge thinking and are driving our industry forward. Now entering their ninth year, the Adam Smith Awards have gained increasing momentum and present the perfect opportunity for you to showcase your achievements in your respective corporate treasury departments.

  • Bharat Agrawal, Castrol India Limited

    Bharat Pawan Agrawal, Winner, A Rising Star

    This is a new award for 2015 and our inaugural winner is Bharat Agrawal who currently heads the treasury function of Castrol India Limited. Having a strong belief in continuous learning, Bharat has added a professional qualification or certification to his knowledge base almost every year. Bharat has a comprehensive knowledge base including finance, management accountancy, secretarial and companies act compliance and civil laws.

  • Deborah Mur, Citi and Bikash Mukherjee, Amway India Enterprises

    Amway India Enterprises, Winner, Best Corporate and Social Responsibility Initiative

    Amway India is a great example of a company which embraces its corporate and social responsibility. The company’s contribution to society or social well-being is core to its ethos and beliefs and this solution reinforces these ethics. Working with its bank, Citi, the company has established a paperless supplier finance programme with no requirements for specific transaction documents or frequent invoice audits.

  • Munir Nanji, Citi collecting the award on behalf of BASF

    BASF, Highly Commended, Best Solution in China

    Before this solution was implemented, BASF’s 44 majority-owned subsidiaries in China did not have a centralised foreign currency liquidity management structure. The multinational was nominated by SAFE’s Head Office to participate in China’s Nationwide Pilot Programme for foreign currency cross-border pooling, POBO/COBO and netting. BASF was the first company in China with approval to pilot a comprehensive solution with its banking partner, Citi.

  • Catherine Por, Kerry Logistics Network, Don Tay, Bank of America Merrill Lynch

    Kerry Logistics Network, Highly Commended, Best Solution in China

    Kerry Logistics appointed Bank of America Merrill Lynch to provide a tailored USD cross-border sweeping and netting solution. The solution was implemented using Six Sigma methodology for the USD cross-border cash pool and incorporates a robust e-banking platform which provides visibility and control over the company’s subsidiaries around the world. It also includes scalable cash management solutions for the company’s operations in Asia, EMEA and Latin America.

  • Tian Yue, Freescale Semiconductor, Christine Tan, J.P. Morgan

    Freescale Semiconductor, Winner, Best Solution in China

    This company wanted a solution that would enable it to complete cross-border sweeps and centralise its payments. SAFE – the State Administration of Foreign Exchange – came to the rescue when it approved the company’s application in December 2014. Just two weeks later it’s first US dollar cross border sweep took place. Additionally, the company completed the first POBO transaction from its parent company in Hong Kong. All of this and more was enabled by J.P. Morgan, the bank Freescale engaged on this project.

  • Ashish Bhardwaj, Microsoft

    Microsoft, Highly Commended, One to Watch

    China is an extremely important market for Microsoft. With 1.35bn potential consumers and hundreds of thousands of SMEs, it is critical that the company establishes the infrastructure necessary to service this market. Read how Microsoft created solutions that are unique, supported by scalable business processes that enabled a higher revenue growth, minimised risk and higher cash collection.

  • Elsa Lai, Citi and Hui Yuen Yong, Kao Corporation

    Kao Corporation, Highly Commended, One to Watch

    The decision was made to implement the global supply chain finance programme to drive working capital efficiency. In partnership with Citi, the multi-year project was first implemented in Thailand in 2015. Another eight countries in Asia – China, Hong Kong, Japan, Indonesia, Malaysia, the Philippines, Taiwan and Vietnam – are expected to join the next phase of the ambitious scheme, to be followed by EMEA and North America.

  • Angelique Tan, Bank of America Merrill Lynch, Ying Cao, General Motors and Pauline Wee, Deutsche Bank

    General Motors, Winner, One to Watch

    This is an ambitious treasury transformation project across Asia and certainly One to Watch as we are told more is to follow in 2016-17. GM is working with Bank of America Merrill Lynch and Deutsche Bank based on an evaluation which focused on a variety of criteria including technical and SWIFT capabilities, in-country propositions, pricing and geographical coverage, perhaps proving that no single bank can do everything everywhere?