Swedish Match has appointed ABN AMRO Bank to manage its European cash management needs across four countries. Swedish Match will be able to take advantage of ABN AMRO Bank’s local contacts within its European banking network. To optimise interest earnings and cash management, the euro accounts will be pooled on a cross-border zero balancing basis. This will provide Swedish Match with a single net euro position for the Netherlands, France, Belgium and Spain. Roll-out of the new structure began in September and will be finalised in October 1999.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.