Bjarne Tellmann is senior vice president and general counsel at GSK Consumer Healthcare, a joint venture that combines the consumer brands of GSK and Pfizer. He speaks to Global Finance about the intersectionality of his work.
Household saving is defined as the difference between a household’s disposable income and its expenditures on goods and services. During the pandemic it rose to historical highs everywhere.
On October 27, Global Finance conducted a Sub-custody Roundtable, moderated by publisher and editorial director Joseph Giarraputo. The Roundtable agenda covered crucial topics in the sub-custody sector including: the global and regional impact on the COVID-19 pandemic on sub-custodians; the effect ...
Features : World's Best Treasury & Cash Management Providers
Features : World's Best Treasury & Cash Management Providers
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WORLD’S BESTB ANKS
The big international banks make it look easy, sweeping up dollars and euros and various other currencies from remote corners of the world and investing the resulting cash pile in the highest-yielding instruments with acceptable risks, in order to boost a client’s return on equity.
The job is easier said than done, however, and involves a host of behind-the-scenes providers of technology as well as innova-tive bankers who figure out how to move money with the sun, or leave it sitting where it is, and invest the notional balance ef-ficiently in a far-off land. Not only does effective cash management help unlock working capital, but the outsourcing of rou-tine operations also frees corporate treasurers to focus on risk management, long-term funding and business strategy.
With input from industry analysts, corporate executives and technology experts, Global Finance selected the best providers of treasury and cash-management services,globally and in nine cat-egories across four regions of the world. A variety of subjective and objective criteria were used for choosing the winners. Fac-tors considered include market leadership, customer service, competitive pricing and innovative technologies.
BEST OVERALL BANK FOR CASH MANAGEMENT
GLOBAL WINNER
●Citigroup
REGIONAL WINNERS
●North America: Citigroup
●Europe: Deutsche Bank
●Latin America: Banco Santander Central Hispano
●Asia: HSBC
BEST BANK FOR LIQUIDITY/WORKING CAPITAL MANAGEMENT