25 September 2018
Aveng appoints TreasuryONE as their Technology and FX Execution Outsourcing Services Provider
TreasuryONE announces that Aveng Limited a leader in the infrastructure space in South Africa has selected TreasuryONE’s outsourcing service to support its treasury operations. For more than 125 years, Aveng has evolved in character, capacity and reach and continues to make its mark across the globe. Its origins lie in modest construction projects but Aveng, a leader in infrastructure, now boasts expertise in steel, engineering, manufacturing, mining, concessions, public infrastructure and water treatment.
Hennie de Klerk, TreasuryONE’s CEO, comments: ‘Aveng is taking maximum advantage of the opportunities provided by TreasuryONE’s Technology and FX execution outsourcing services. With more than 50 technology implementations and our substantial skills and experience in FX exposure management, TreasuryONE becomes a strategic partner to the Aveng Finance Team.’
About Aveng Limited – (www.aveng.co.za)
Avengs’ primary geographic markets are southern Africa and Australia and they leverage their presence in these markets to pursue growth opportunities in East Africa, Southeast Asia and the Middle East. The company employs some 16 000 people and has an annual turnover in excess of R30 billion.
About TreasuryONE – (www.treasuryone.co.za)
TreasuryONE was established in May 2000. The company’s mission is to provide a broad range of best practice treasury services to organisations of all sizes and levels of complexity, and also to private individuals.
TreasuryONE delivers professional treasury services to clients as and when needed. All TreasuryONE offerings are fully scalable, so that the client enjoys the benefit of expert, cost-effective advice and execution, without paying for unnecessary staff and system overheads in the specialist field of treasury. Our clients enjoy all the benefits of working with a highly qualified and experienced partner.
TreasuryONE’s product offerings include the delivery and support of treasury management technology systems, foreign exchange rate risk management and execution services, offshore investment transfers, outsourced treasury management operations, investment management, best practise treasury consulting services and financial instrument valuation. Clients experience the value of enhanced treasury performance and reduced risk in today’s demanding financial environment.