4 September 2018
Saint Gobain selects TreasuryONE’s FX Risk Management Services
TreasuryONE, South Africa’s premier treasury services company, is pleased to announce that it has signed on Saint Gobain, as a new Foreign Exchange risk management client. With operations in 12 African countries and a small treasury team, Saint Gobain Sub-Saharan Africa has chosen to outsource the FX Execution and management of the group’s FX transactions to TreasuryONE. By centralising the group’s FX transactions, Saint Gobain Sub – Saharan Africa now enjoys increased visibility over their FX positions, increased compliance to the group’s hedging policy and improved risk management and control allowing the treasury team to focus on executing the group’s expansion strategy while TreasuryONE ensures that the group’s FX deals are executed, confirmed and reported on timorously.
Wichard Cilliers, Director and shareholder of TreasuryONE, comments: ‘I am delighted that Saint Gobain has entrusted us with their FX risk management business. The market is experiencing almost unprecedented levels of turbulence and we are applying our substantial skills and experience in FX exposure management to minimise the impact of currency fluctuations on their business.’
About Saint-Gobain (www.saint-gobain.com) Saint-Gobain is present in 67 countries with more than 179 000 employees. The Group mobilises its companies ‘expertise and provides a range of solutions for buildings that are comfortable, more energy efficient and more pleasant to live every day. Its high-performance materials are also found on industrial and consumer markets, such as the automotive, aeronautical, health and energy industries.
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, financial instrument valuation and treasury training. Clients experience the value of enhanced treasury performance and reduced risk in today’s demanding financial environment.