There has been much talk about corporates outsourcing their treasury functions over the past couple of years. But it has been an uphill battle for global banks competing to obtain these mandates, and in particular to persuade companies to part with their treasury functions.
“One of the reasons is that in the corporate world, the role of the treasurer is increasing in importance,” says Norbert Wanninger, Deutsche Bank’s global head of cash management. “This has developed from reflecting and processing financial change into more of a data gathering centre driving all the various systems, not a mere reflection of the production value chain. Companies are acknowledging the increasing importance of the treasury function within the organisation. This is now considered core to the operation and it would be a very bold move on their part to outsource these services.”
