Citi has announced its Global Transaction Services business has been appointed by the Abu Dhabi National Energy Company PJSC (TAQA), an international energy company with exploration, production, storage, transmission and generation assets in North America, Europe, the Middle East, North Africa and Asia, to supply local domestic cash management services and a global liquidity structure with a multi-currency pool in London. Doug Fraser, chief financial officer of TAQA commented, “Citi was able to provide us with a solution that was flexible and matched the needs of our company.”
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.