Bangkok--19 Apr--HSBC Thailand
HSBC and Thai Union Group (TU) have been awarded the Asia's Best Treasury & Finance Strategies in the Best Forecasting Strategy category in The 4th annual Corporate Treasurer Awards 2015. The awards presentation ceremony, hosted recently in Singapore, was part of the CT Week conference that brought together hundreds of the region's top treasurers and CFOs.
TU has been recognised for its strategic planning of Treasury Center and International Headquarter (IHQ) schemes. Licensing for the Global Treasury Center in Thailand, the company is capable to centralise liquidity, forex risk management as well as fund raising. This is also another significant milestone for Thai Union Group in setting up the IHQ in Thailand. HSBC has been appointed as the Global Liquidity Advisor in providing global liquidity solution to support such automatic cross-border sweeping arrangement. The solution will allow the company to unlock trapped cash sitting in their accounts globally whilst maximizing internal funding.
Photo shows Mr. Krisda Phatcharoen, Head of Commercial Banking, HSBC Thailand and Mr. Joerg Ayrle, Group Chief Financial Officer, Thai Union Group, posed with their commemorative plaques in the 2015 Corporate Treasurer Awards Dinner.