More NewsSPX Appoints Citi for Regional Cash Management

SPX Appoints Citi for Regional Cash Management

Citi’s Global Transaction Services has been appointed by SPX Corporation (SPX) as its primary cash management bank across Asia-Pacific. In this role, the bank will provide liquidity management solutions for the company across 11 markets consisting of Australia, Hong Kong, India, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Thailand. Citi says that SPX will receive full visibility of accounts and standardised end-to-end processing of payables and receivables.

Stephen Winslow, assistant treasurer of SPX, said: “As we look to drive greater efficiencies in our regional cash management structure, we are very pleased to partner with Citi in Asia-Pacific. We are confident that our relationship with Citi will produce strong results and leverage off its experience in servicing the region.”

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha