City Financials Gets New Zealand Business

Fonterra, one the world’s leading dairy companies, has licensed the corporate treasury software product eTC from City Financials for its global treasury operations based in Auckland, New Zealand. A strategic review of Fonterra’s treasury requirements was undertaken early in 2005 and after a tender process, the City Financials’ product was chosen. Fonterra group treasurer Mary-Jane Daly said: “Our selection of eTC from City Financials means we will be providing leading-edge tools to our treasury team, better enabling us to service our customers – internal and external – and to help realise the co-operative’s goals.”


Related reading

New consumer banking head for Citi Asia Pacific