| Mondi’s Dublin operation
Since establishing an Irish operation in 2002, Mondi Sales International has gone from strength to strength, with sales of $400 million now going through the Dublin office CHARLES WALTERS and ALAN FLETCHER tell FIONA REDDAN.
|
| Top multinational to set up treasury operation in Dublin
A leading US multinational is to establish an operation in Dublin, which will be charged with hedging a division of the group's foreign exchange and interest rate exposures. The new operation will have a capitalisation of €2.5 billion.
|
| Dublin needs to innovate to combat threat of new competitors
Service providers in Dublin need to go back to promoting Dublin as a location for treasury outsourcing rather than themselves, writes NEIL FLEMING. The growth in treasury outsourcing has traditionally been driven by US multinationals setting up European treasury operations. The outsourcer compensated for their lack of exposure to European cross border transactions and provided a ‘one-stop’ shop for a green field operation. Given the volume of articles written in the trade magazines over the last number of years, the slowness of the European corporates and in particular the UK, to embrace outsourcing was surprising.
|
| Bank of America looks to the future in Dublin
After 35 years in the Irish capital, Bank of America is very much at home in Dublin. Diarmuid Connaughton explains why Dublin is a key location for the bank and its clients today.
|
| ABN AMRO to double treasury
ABN AMRO International Financial Services Company, hopes to double the size of its treasury outsourcing business in Dublin in the next four years, managing director, David Guest, told Finance Dublin.
|
| AMO expands into Westport
Advanced Medical Optics Inc (AMO), which used to be known as Allergan Pharmaceuticals, is to expand its IFSC financial shared services centre into the west of Ireland. Based in Westport, Co. Mayo, the new operation will employ 30 people and will serve as AMO’s central office for Europe, Africa and Middle East (EAM) region, providing financial services support and co-ordinating key services and functions relating to the financial administration of the company.
|
| Dublin to remain at forefront
DAVID GUEST says that the future health of the treasury outsourcing sector looks bright but is dependent on harnessing the skills of the local labour market.
|
| Sector needs to meet serious challenges
Ian Talbot says that Ireland’s dominance as a centre for agency treasury is at risk due to the emergence of strong competition from places such as Switzerland and South Africa, and increasing costs in the Dublin marketplace.
|
| INVESCO to double treasury
Dublin is to carry out the treasury function for all equity fund products for INVESCO, the global investment management company,pending regulatory approval. This follows a comprehensive review of INVESCO’s treasury activities in the UK and Ireland and was announced at the opening of INVESCO’s new premises in Townsend Street, Dublin. The corporate treasury department places on average $350 million on deposit with Dublin banks on a daily basis, and this now looks set to grow further.
|
| Norwegian treasuries relocate
Two Dublin based subsidiaries of Norwegian companies, Nera Finans AS and ABB Structured Finance AS, have closed their IFSC divisions, the latest edition of the Finance Dublin Yearbook reveals.
|
| Citibank delivers Dublin-based treasury service
Citibank e-Business has launched a Dublin-based, web-enabled treasury outsourcing solution - Citibank Agency Treasury Services.
|
