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Thursday, 15 March 2001
Standard Risk and Treasury Management Services links with Australian firm
Standard Risk and Treasury Management Services (SRTMS), Standard Bank’s treasury outsourcing business, has entered into a co-operation agreement with a leading independent Australian treasury and financial risk advisory firm, Oakvale Capital Limited.
Oakvale, based in Perth but with a branch office in Sydney, provides specialist financial and treasury risk management solutions to a wide range of private sector corporations and government entities throughout that country. It manages $13 billion of client exposures in interest rates, foreign exchange, commodities and energy.
Says Martin Cross, SRTMS Managing Director: "We have identified a strategic fit with Oakvale Capital and believe this relationship will add value both to our own operations and to our clients."
The agreement means that SRTMS will, in addition to its representation in London, be able to offer support to clients operating in the Australasian region.
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