Global treasury functions are being brought home. But as treasurers are learning, there is an art to doing it right
By Staff Writer|February 01, 2002 at 07:00 PM
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When David O’Brien came to EDS Corp. headquarters in texas as assistant treasurer three years ago, his mandate was to consolidate the far-flung computer company’s treasury operations. “We shut down treasury offices in four places across the globe–Sao Paolo, Hong Kong, Mexico City and London–and we totally centralized, 100%,” he says. Today, O’Brien and his colleagues run a global treasury from the $19 billion company’s Plano offices. “There is no treasury outside of corporate headquarters,” he explains. “We do everything here with regard to global liquidity management–all cash, all foreign exchange, all debt, all investment. All subject matter expertise for treasury services is here.”
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