International corporates going east to centralize treasury operations

Date Monday, May 30, 2016

Conscious of the need to drive profitability through internal efficiencies, international corporates are looking to Asia as a location for centralising their treasury activities. At the same time, Asian countries, including Singapore and Hong Kong, are offering tax concessions and other incentives in a bid to lure in business, says Holger Frank, Head of FIG and GTB Asia Pacific region at UniCredit.