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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2461 |
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Prior to the merger, both companies had centralized treasury activities, though they differed in the extent of their centralization.
Though GSK is run out of the US, its headquarters are in London and it is there located the new global treasury. All internal and external funding for the firm and all foreign-exchange dealing is run from London with a treasury staff of 17, including the regional treasury managers for Europe, Asia and the international region which covers the Middle East, Africa and Australia...
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All internal and external funding for the firm and all foreign-exchange dealing is run from London with a treasury staff of 17, including the regional treasury managers for Europe, Asia and the international region which covers the Middle East, Africa and Australia.
In the US, a three-strong treasury team reporting to Emerson handles country-specific treasury issues?Xsuch as cash forecasting?Xfor North and South America from their base in Philadelphia...
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