JPMorgan Treasury Services has launched an automated intraday investment sweeping service. The service moves surplus liquidity from notional cash pools to an investment vehicle such as a money market fund (MMF), enabling corporates to benefit from higher yield without the need to actively manage the pool. By combining notional pooling with automated investment sweeping, corporates can enhance returns on their surplus funds without needing to physically concentrate cash. The service can be configured to suit the treasurer’s liquidity management strategy, leaving either a net zero or target balance in the pool. JPMorgan manages the entire process automatically on the corporate’s behalf. St. John Potter, liquidity and investment manager at JPMorgan Treasury Services in Europe, the Middle East and Africa, said: “Centralised treasuries that consolidate liquidity are increasingly the norm. Automated sweeping from notional pools enables corporates to ensure liquidity is continually maximized.”
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.