ABN AMRO Awarded Asia Mandate by SMART Modular Technologies
Malaysia’s SMART Modular Technologies Sdn. Bhd., has awarded ABN AMRO a regional disbursement mandate for the Asia Pacific region. The mandate will be co-ordinated from the firm’s regional treasury office in Malaysia and will involve other countries such as China, India and Korea. It covers payments, receivables and liquidity management in Malaysia as well as future plans to use ABN AMRO as a single service provider in the rest of Asia. SMART will centralise its treasury operations by moving to a single bank with a single platform that will facilitate the firm’s growth plans in the Asia Pacific region. SMART manufactures standard and custom computer memory modules (ATA, Linear Flash and CompactFlash cards), wireless communication devices and wireline communication sub-systems. SMART and its related affiliates in the US, UK, Asia, Caribbean, and Latin America had turnover of almost USD900 million last fiscal year.