Latest Centralisation Articles
Unilever has sold off food brands; General Electronic recently announced the sale of its iconic appliance business and plans to sell most of its finance arm; Hewlett-Packard has been finding new homes for units domestically and abroad; Baxter International is splitting itself in two, creating a new biopharmaceutical company. And the list goes on…
General Electric’s decision to sell the majority of its financial businesses and return to its industrial roots is a stunning example of deliberate downsizing. On April 10, GE announced that it was starting a journey to create a simpler, more valuable company by spinning off much of that financial arm though the sale of most of GE Capital’s assets.
With Hong Kong very publicly gunning for Singapore’s pre-eminence, treasury centre location has again become a hot topic. What are the key success factors? And who is likely to win this round in the regional treasury centre (RTC) wars?
The formation of Denmark’s DONG Energy from six separate energy companies in 2006 presented a series of challenges when merging departments, establishing a single treasury department and integrating areas such as payment systems. This case study describes two major projects undertaken by the group while working with Nordea.