JP Morgan has appointed Wilco Dado to strengthen its cash management business and made various internal changes in a reshaping of its transaction services business.
Dado, who was formerly global head of payments and cards at Royal Bank of Scotland (RBS), will head JP Morgan’s cash management for Europe, the Middle East and Africa (EMEA).
Under other changes announced by the bank, Alice Gregoriadi will head product management in the bank’s largest EMEA markets of the UK, Ireland, the Nordic region, Luxembourg and Switzerland, while Jeremy Coomber will head product management in central and Eastern Europe, Russia and Turkey.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
While corporates have more choice when it comes to choosing financial services, the core relationship between banks and businesses hasn't changed, argues Michael Cummins, head of treasury solutions at Citizens Bank.
A poll by MarketInvoice also found that relatively few business leaders would consider speaking directly to a bank.
Trade credit insurer Atradius expects the country to emerge from recession this year, but warns that weak confidence will continue to keep growth subdued.