Update from our Asia office
  • Wednesday, 17 February 2021

Update from our Asia office

Since the opening of our new Zanders office in Tokyo, the past year has been eventful and challenging for many. With the opening of our new office in the APAC region, Zanders now has a global coverage to better service our existing and new clients in this region and to overcome the time zone challenges when working on global projects. With our local consultants we can now also quickly provide support to corporates looking to learn more about the regional markets’ complexity and diversity in the APAC region.

From the start of our new regional office we have been supporting many international clients, like the successful go live of a multi-year treasury transformation project for one of the top 10 largest Japanese multinational conglomerates. The project involved global cash management, global FX management, In-House Banking and POBO payments. It enabled efficient cash management operations and a clear visibility of global cash allocation across multiple regional treasury centres at the same time adhering to the diversity and complexity of local rules and regulations in the APAC region. In addition, we supported a leading Japanese multinational in the FCMG sector with their treasury transformation roadmap and performed an FX risk management project for a Singapore based entity.

We continue to use our experience gained through these projects to add value to corporates seeking advice and support in the region. As the pandemic has exposed that many corporates can still add more value by (further) digitizing their treasury departments. There is a high demand for treasury process optimization, especially around cash flow forecasting for example. Because of a need for a more up-to-date insight in their cash flows in times of stress, we see that corporates are increasing their cash flow forecast frequency. It is also observed that corporates further optimize their FX hedging process by fully integrating their TMS with the trading platform to reduce operational risk. This allows them to collect and aggregate risk exposures, executing hedging and apply hedge accounting in an integrated system.

If you would like to know more about our services in the APAC region, please feel free to reach out to either Mitchell Ponder or Michiel Putman Cramer.