The number of treasuries that are managed globally will increase from 30 per cent to 43 per cent by 2005, according to JPMorgan Fleming Asset Management’s fifth annual International Cash Management Survey, carried out in conjunction with the Association of Corporate Treasurers (ACT.) More than 40 per cent of respondents said that they are likely to choose global cash management solutions by 2005, while the majority of treasurers (72 per cent) still favour bank deposits as their main investment instrument. Security is a key factor for treasurers when choosing a money market fund provider, with most citing a ‘AAA’ credit rating as a primary investment requirement. Second to security in terms of importance was the provider’s relationship with the client, while the possession of an independent credit department was also ranked highly.
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.