Norwegian electricity distributor Hafslund ASA has selected SimCorp’s IT/2 system to help manage its corporate treasury. The utilities company had outgrown its use of excel spreadsheets for its treasury management and required a more robust system, according Ketil Wang, finance director of Hafslund. Hafslund will use IT/2 for keeping track of loans, borrowings and interest rates, as well as managing interest-rate derivatives and currency-hedging of the loan portfolio.
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.