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Cash Management News

BofAML the first foreign bank to launch cash management alliance with China UnionPay

93 reads

BAML's head of treasury product Faisal Ameen gives us some exclusive information on the alliance. Read ››

Asia's top 1000 corporates dissatisfied with Asian banks' transaction banking products

363 reads

It's a very alarming trend. According to East & Partners, there’s an unfortunate pattern of behaviour out there in Asian transaction banking. Read ››

StanChart has new head of transaction banking for Singapore

298 reads

Motasim Iqbal has been appointed to this position. In his new role, Motasim will focus on driving the cash management, trade finance and securities services business for Wholesale Banking clients in Singapore. Read ››

Citi appoints Jervis Smith as regional head of client sales management for Asia Pacific

226 reads

He will report into David Russell. According to a release, Citi has appointed Jervis Smith as Regional Head of Client Sales Management for the Financial Institutions (FI) segment in Asia Pacific for Securities and Fund Services (SFS). Read ››

Check out HSBC's new RMB cross-border payments solution in China

249 reads

Learn more about the tailor-made ‘gross-in / gross-out’ model. According to a release, HSBC has implemented an innovative RMB cross-border payments and collections solution for a Fortune 500 company in China. Read ››

Citi's first common depository location outside Europe revealed

188 reads

Citi is supported by Euroclear Bank and Clearstream in serving Asia Pacific. Read ››

Citi appoints Phillipe Jaccard as head of transaction services for Hong Kong

258 reads

He will report to Amol Gupte and Weber Lo. In a statement, Citi announced the appointment of Philippe Jaccard as Country Head of Citi Transaction Services for Hong Kong, reporting to Amol Gupte, CTS Regional Head for Asia Pacific and Weber Lo, CEO and Citi Country Officer Hong Kong As country head, he will be responsible for the operating performance, building and executing CTS’ growth strategy and ensuring alignment with both its global and domestic businesses to maximize growth. Read ››

3 main drivers of cash pooling in Asia Pacific

Tony Singleton
BY TONY SINGLETON
488 reads

New bank services and advanced technology enables treasurers to implement multi-currency, multi-country and multi-bank cash pooling in Asia. Read ››

Complexity in treasury management the 'new norm' in 2013

270 reads

Guess what the 9 top priorities for Asian corporate treasurers are? Read ››

Deutsche Bank develops cash management solution with General Electric Japan

247 reads

It's to streamline multi-bank JPY payment and reporting processes. In a statement, Deutsche Bank announced that it has jointly developed and implemented a unique cash management solution with General Electric’s Treasury team in Japan, by customising NTT Data’s eBAgent in order to streamline General Electric’s Japanese Yen payment and reporting processes.  Read ››

Why dispersing cash is an essential public service

Udayan Goyal
BY UDAYAN GOYAL
332 reads

Dispersing cash in a country as large as India has traditionally been hugely problematic due to the way the financial services infrastructure has developed in the country. Read ››

Here's all you need to know about BofAML's new CashPro Accelerate

546 reads

It's now available to treasury management clients in 12 markets in Asia Pacific. Read ››

Bank of America Merrill Lynch launches CashPro Accelerate reporting solution

307 reads

It's now available in 12 markets across Asia Pacific. In a statement, Bank of America Merrill Lynch Global Transaction Services (GTS) announced the launch of the CashPro Accelerate® reporting solution across Asia Pacific. Read ››

Standard Chartered Taiwan completes nearly RMB6b worth of RMB transactions

307 reads

That's only a day after domestic banks became eligible to offer RMB-related services. Read ››

See how HSBC pilots the first-ever foreign currency netting solution in China

432 reads

Kee Joo Wong, HSBC’s Head of Payments and Cash Management in China, reveals some exclusive information. Read ››

UOB promotes more cross-border investment between Southeast Asian and Myanmar companies

487 reads

It recently partnered with Myanmar Agribusiness Public Corporation to host an investment forum. Read ››

Why banks’ wealth management products need stricter regulation

G.Bin Zhao
BY G.BIN ZHAO
1011 reads

The macroeconomic downturn in 2012 has gradually shifted its influence from the real economy to the financial sector. Read ››

"I do not believe in one-size-fits-all": Deutsche Bank's Dave Fuentebella

547 reads

As the new head of global transaction banking for the Philippines, Dave plans to create efficiencies internally to bring better solutions to clients. Read ››

Indian Overseas Bank and Deutsche Bank to collaborate on cash management services

330 reads

Indian Overseas Bank will use Deutsche Bank's global cross-currency payments solution. Read ››

HSBC and Intel to establish first cross-border sweeping structure in China

272 reads

The scheme aims to centralise foreign currency management for multinational companies. Read ››

3 reasons why Asian treasurers must ditch the spreadsheet

Blaik Wilson and Günther Peer
BY BLAIK WILSON AND GüNTHER PEER
363 reads

A recent study reveals that corporate treasurers are most concerned about liquidity and funding. Read ››

Deutsche Bank appoints Dave Fuentebella as head of global transaction banking, Philippines

853 reads

He will report to Asia Pacific head of GTB Lisa Robins. Read ››

The rise of wealth management in India

Aditya Gadge
BY ADITYA GADGE
610 reads

Indian Wealth Management sector is growing at a phenomenal pace. Read ››

Meet JP Morgan's new senior hires for its regional sales team

830 reads

Lillian Sim has been named Regional MNC Sales Head for Asia Pacific. Read ››

China Huarong morphs into joint-stock company

541 reads

China Huarong Asset Management Co Ltd has been officially transformed into a joint-stock company focused on bank-related businesses. Read ››

StanChart to launch new liquidity capabilities by end-2012

657 reads

Features include improved visibility and control of Intercompany loan limits. Read ››

3 things Lim Kiat Seng will prioritize in his new role at JP Morgan

829 reads

As the new head of financial institutions - sales, treasury services, Lim is planning for a back-to-basics approach. Read ››

ANZ to launch online cash management platform in late 3Q12

972 reads

ANZ Transactive will allow real-time checking of current balances and approving or rejecting key payments. Read ››

ANZ partners with Gresham to launch ANZ Cashactive Fusion

738 reads

This is Gresham's third major project with Australia and New Zealand Banking Group Ltd. Read ››

What you need to know about ANZ's Cashactive Fusion

1215 reads

Time to say goodbye to spreadsheets and emails as ANZ aims to automate organisations' financial information to enhance cash flow forecasting. Read ››

SIBOS 2015 to be held in Singapore

817 reads

The world's biggest banking show will be back in Singapore after 12 years and promises to be a showstopper at the Marina Bay Sands. Read ››

India fails to arrest rupee’s slide

1281 reads

India puts forward an underwhelming response to save the embattled rupee. Read ››

J.P. Morgan's Michael Sugirin to embrace a 'culture of change'

1381 reads

"As the Indonesian market continues to grow in stature and global presence, those who innovate will emerge at the top of the pile," says JP Morgan's new head of treasury services. Read ››

Bye-bye bankruptcy: How to effectively manage cash flow

 Peter Metcalfe
BY PETER METCALFE
1884 reads

Whether you’re a local plumber or multi-national conglomerate, cash flow is the heart of any businesss. Read ››

Managing the wealth of ultra rich Asians

Mykolas Rambus
BY MYKOLAS RAMBUS
1970 reads

The explosive growth of wealth populations in emerging markets presents both eye-watering opportunities and challenges for wealth management professionals. Read ››

Taking the pain out of annual budgeting

Stuart Harman
BY STUART HARMAN
2317 reads

For many Asian companies the creation of the annual plan or budget is a major event that consumes significant time and resource across the organisation, particularly in finance. Read ››

Bankers reveal trend of decentralizing financing decisions in Asia

1952 reads

HSBC’s Laurens and Citi’s Saxena concur that the need for decentralization increases as financial centers move from West to East. Read ››

Asian banks step in as EU banks exit trade finance

2222 reads

DBS’ Ken Stratton and Citi’s Ravi Saxena concur that Asian banks are taking up the slack, resulting in greater opportunities and increasing margins. Read ››

Will RMB soon beat USD as the main currency for cross border trade?

2435 reads

The internationalisation of RMB is providing banks with opportunities to enhance their cash management structures in the face of a USD liquidity shortage - but does a shortage really exist till now? Read ››

Why the war on cash is doomed to fail

Steve Hensley
BY STEVE HENSLEY
2451 reads

Every time a new way of paying for something has arrived – credit and debit cards, internet payments, contactless cards, mobile phone payments – the imminent death of cash has been announced. Read ››