FMO, (the Netherlands Development Finance Company) has adopted the Treasury Support Center (TSC) provided by Nordic Financial Systems (NFS). FMO, a Dutch organisation providing financial resources to the private sector in developing countries, is the first government institution to use NFS’s TSC. TSC is an outsourcing function for treasury operations, providing IT management and business operations support for multinationals and their subsidiaries. Joakim Nyberg, head of TSC, NFS, said: “We are pleased that FMO has become our first government institution client to adopt TSC and we are excited about expanding our customer base in this segment going forward.”
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.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.