Philip Morris Management Corporation has selected SunGard’s eTreasury-enabled Global Treasury and Risk Management solution to support their global treasury activities. Philip Morris will be establishing a virtual treasury community between its regional treasury centers in New York, NY, and Zug, Switzerland, ultimately connecting up to 200 affiliate finance locations located around the world. SunGard’s eTreasury will operate on Philip Morris’ corporate Intranet to provide real-time cash and foreign exchange forecasting / management tools, in-house banking functionality and global financial risk management.
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.