Archive for January, 2012

Graduate recruitment program – we haven’t looked back!

In 2011 Gresham started a graduate recruitment program as part of a long-term investment in our people and strategic direction. Our initial focus has been in the UK but we expect this program to spread across our international business as we grow. Four graduates were recruited, three into our Bristol office and one into our London office. They are now six months into their first year and I asked each of them to describe their experiences of life at Gresham.     Antonina My

January 26, 2012 No Comments Full Story

Corporate FX trading – the unknown unknown?

Corporate FX trading – the unknown unknown?

“There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.” Donald Rumsfeld Taking a lead from Donald Rumsfeld, we know what today’s FX rate is. We know that we don’t know what future FX rates will be. We know that we need to do something about it. We don’t know what we don’t know about the FX deal the

January 23, 2012 No Comments Full Story

Global cash management trends

Global cash management trends

JP Morgan has released the latest 2011 global liquidity survey.  See it here http://www.treasurers.org/node/7564 Here is my take on the headline points... The appetite for yield is returning.  I sense we have moved from a focus on just staying in business back to one of return on cash.  Since 2008, many companies have just been happy to actually have spare cash to earn a return in the first place, as I am sure are their shareholders.  Now that period of grace is over the shareholders

January 13, 2012 No Comments Full Story

Banks back in the market for liabilities?

It wasn't that long ago, perhaps a year, when certain banks were really not interested in a company's Liabilities / Credit balances.  Let's be clear, from a corporate's point of view we mean Assets and Debit balances but I'll never win that battle. Things are changing... we've just been offered 150 bps (that's 1.5 percent to most of us) by a Tier 1 bank that is not government owned!  Not world beating against some other UK contenders (2% no strings attached) but compares favourably with t

January 12, 2012 No Comments Full Story