Austrian oil and gas firm OMV has selected SunGard’s AvantGard-Quantum and AvantGard-Risk systems for its group treasury function in Vienna. Udo Giegerich, senior vice president, group treasury at OMV, said, ‘Our goal is to double our oil and gas production volumes and market share in our downstream business by 2008. The need to optimize the management of group cash and effectively manage treasury risk makes our treasury unit integral to that effort.’
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.