www.kyriba.com | treasury@kyriba.com Based on an interview with James Adams, Group Treasurer, and Shiban Patel, Treasury Analyst, Chalhoub Group The benefits of centralised Treasury operations – and of in-house banks – are today of increasing interest to more and more successful corporations in the Middle East. This case study explains why the Chalhoub Group built a new Treasury department, outlines how it was set up and automated, and summarises the benefits which are now being achieved. It concludes with a few recommendations for others who are considering similar developments. Why Build a Group Treasury? About two years ago, the Dubai based Chalhoub Group’s sustained business success and growth caused the CFO and CEO to decide to establish a Group Treasury department.

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