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- AkzoNobel
Head of Treasury Latam, Yosymar Vasquez describes some of the challenges and progress so far in achieving visibility and control over cash in the region.
Key Points
- AkzoNobel has a global treasury structure based in the Netherlands and with regional treasury hubs in other major regions
- The author describes the operations of the Latam treasury centre based in Sao Paulo, which has around 30 bank relationships
- The Latam treasury has embarked on a major project aimed at optimising visibility and control over cash, involving both in-country cash pooling and concentrating cash regionally, where possible
- The project has started in Brazil and is being extended to Argentina and other countries, with the aim of completion by the end of 2016
Written by
Yosymar Vásquez
AkzoNobel