Thirteen banks to one

The challenge

Each entity held its own banking relationship, which blocked a unified global finance team and created key-person risk, especially in non-English-speaking regions.

What I did

• Led the move of all banking to a single institution, including AML/KYC for every entity.
• Set up a central treasury function with centralised platforms and relationship managers.
• Tightened access rights and controls.

The result

Daily visibility of cash across the group, better intercompany funding decisions, lower key-person risk and more leverage on fees.