Adam Smith Awards 2016 Overall Winner – Top Treasury Team, Best Cash Management Solution and Best Financing Solution
Etihad were successful in two other categories this year in addition to being awarded our Top Treasury Team for 2016.
Under the leadership of Ricky Thirion, Group Treasurer and Deputy Treasurer, Adam Ben Boukadida, the company has delivered a multi-disciplined programme covering payment processing, liquidity management, collections and supply chain finance ahead of a scheduled change to the ERP platform in H216. This was a cross-functional team effort involving treasury, finance and IT.
They also provided a classic lesson in how to issue a Global Cash Management Request for Proposal (RFP) to accommodate the company’s requirements across 71 countries. Having selected two key partner banks, one to cover the Middle East and the other as international partner, some impressive benefits accrued. This project earned them Overall Winner in the Best Cash Management Solution category.
You may also recall this company has won previously with a most innovative solution whereby it used landing rights at London’s Heathrow airport to secure finance. Well, this time it has managed to secure financing ($700,000 6.875% Notes due 2020) along with its equity partners (namely Alitalia, Air Berlin, JetAirways and Air Seychelles) for capital expenditure and investment in fleet as well as for refinancing depending on each airline’s needs. A most impressive and deserving overall winner in the Best Financing Solution category.
This webinar was held on Wednesday 22nd March 2017.
Read the case studies: Top Treasury Team | Best Cash Management Solution | Best Financing Solution