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.

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.