19 June 2018
UMS Management Services (Pty) Ltd selects TreasuryONE’s FX Risk Management Service
TreasuryONE, South Africa’s premier treasury services company, is pleased to announce that it has signed on UMS Management Services, part of the UMS Group (Ltd), as a new Foreign Exchange risk management client. The UMS Group was founded in 2015 to take advantage of the commodities downturn and build a group of world-class engineering and contracting companies servicing the global mining industry. UMS is the latest addition to TreasuryONE’s expanding portfolio of clients in the Mining Sector.
Wichard Cilliers, Director and shareholder of TreasuryONE, comments: ‘I am delighted that the UMS Group 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 and its application to the South African Mining Sector to help them protect their earnings and secure their profitability.’
About UMS Management (Pty) Ltd (www.umsint.com) The UMS Group was founded in 2015 to take advantage of the commodities downturn and build a group of world-class engineering and contracting companies servicing the global mining industry. The Group has initially built their reputation through shaft sinking but can undertake any project requiring mining and tunnelling related expertise and construction of underground facilities. These underground facilities extend to transport, hydroelectric and nuclear underground infrastructure.
About TreasuryONE (Pty) Ltd (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 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.