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.
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
With the end of 2017 fast approaching, many finance professionals might be counting down the days with some degree of dread. Year End is just around the corner and with it comes the many long hours accountants will spend going over balance sheets and profit and loss accounts, investigating account irregularities and chasing sign offs.
The EU and US’ shift in accounting standards may bring balance sheet losses and increase credit risk, according to James Elder, director of risk services at Standard & Poor’s (S&P) Global.
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.