BAML’s Asia-Pacific head of transaction banking, Ivo Distelbrink, has parted ways with the US bank, CT has learnt. A successor has also been announced.
Suppliers to the world’s largest companies are starved of crucial credit lines while banks watch on the sidelines. Financial innovation is making a difference, but corporate treasurers must play a role too.
Asia-Pacific is behind the curve in terms of professional accredited development, but the risks treasury departments manage are no less fundamental. CT wants to change that.
Due to regulatory requirements, banks are keen to promote repos to cash-rich corporates. They certainly offer a different risk return profile, but it is questionable how appetising the product is.