Deutsche Bank said that it has set up a global solutions function within the trade finance/cash management for corporates (TF/CMC) business in its global transaction banking division.
It added that TF/CMC global solutions will focus on accelerating business growth by systematically tailoring and replicating solutions across target industries and geographies, focusing on large corporate clients.
The newly-created business is headed globally by Shahrokh Moinian, previously head of TF/CMC for the Americas. Based in Frankfurt, Moinian reports to Michael Spiegel, head of TF/CMC. On a regional level, the global solutions teams are led by Suman Chaki for Asia Pacific and Arthur Brieske for the Americas.
The bank also announced the appointment of James Binns as managing director and regional head global solutions Europe, the Middle East and Africa (EMEA), joining Deutsche from HSBC. He will be based in London and report to Moinian.
“Global solutions will play a critical role in our growth aspirations for TF/CMC,” said Spiegel. “It is a global key initiative and perfectly complements the client-centric approach of our business.”
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.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.