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Strategic Treasury

You Want it When?

by Christof Nelischer, Head of Treasury, Fiberweb plc

When Fiberweb was spun off its parent company and floated, the new management team had to build essential corporate functions from scratch. In this article the author, Fiberweb’s Treasurer, describes how an independent Treasury was established, with new systems, cash pooling and money market facilities to be provided for its small domestic and much far-flung business. Strategy papers on financing, foreign exchange and interest risk management were prepared, and approved by the board, and a banking consultancy committee set up to oversee the choice of banking partner. The article includes a valuable list of lessons learned during this challenging initial period.

Unprecedented Opportunity: The BRIC countries under a new economic lens

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Treasury Management International showcases topical, pragmatic solutions and strategic insights on treasury, cash management, foreign exchange and other issues affecting treasury and financial professionals, together with treasury and finance news, education and opinion. With real-life treasury management experiences and case studies at its core, TMI provides valuable material for all practitioners - from experienced treasurers and CFOs to those new to the profession.

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