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How to close a corporate treasury department down

Julia Fordham, ex-Old Mutual plc Head of Funding & Risk, Group Treasury, who was heavily involved in closing of the Old Mutual corporate treasury department describes how they did it, covering:

A - What trying to achieve:  - the three main objectives

B – The process:  Strategic and Operational actions

C – Lessons learned 

    1 - Closing a treasury is at least as complicated as setting one up - many legacy issues

    2 - When setting up corporate treasury department, consider that you might have to significantly restructure at some stage

    3 - It is a significant change management project

The key overall conclusion from the exercise.

Key timing points
2:14 A - THE THREE MAIN OBJECTIVES
4:00 B - THE PROCESS
4:14 Strategic actions
7:32 Operational actions
8:38 C - LESSONS LEARNT
8:45 1 - Closing a treasury is at least as complicated as setting one up
9:36 2 - When setting up corporate treasury department, consider that might have to restructure at some stage
12:03 3 - A significant change management project
14:45 Overall conclusion

CTMfile take: A must view for all corporate treasury departments.


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Operations
Best Practices & Benchmarking in Operations

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