Borrowers: Borrowers start to play a strategic game
The privatized French treasurer
Hands up which major industrial companies have a head of corporate risk management. Very few today. But several are working on it. Edgar Wittmann, head of corporate risk management has the title at Siemens, the German electronics group, and is setting up an independent division “to provide risk awareness throughout the company”. It will operate outside the corporate treasury and won’t hedge or manage risks itself.
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