A decade of dramatic treasury development

Never before has an Asia treasurer had such an important role in driving shareholder value, writes BoA Merrill's Ivo Distelbrink.
Ivo Distelbrink
Ivo Distelbrink

What a decade it has been -- 10 remarkable years of boom and bust for both corporations and banks across Asia. Rapid global growth marked the beginning of the decade, punctured by the bursting of the global tech bubble. The next five years delivered unprecedented growth for Asia's economy, property, trade and stockmarkets. The downturn triggered by the recent global financial crisis was countered by massive government stimulus packages that are still working through the global economy with different degrees of success. It is clear that the global economy needs new growth drivers beyond US consumption and Asia is stepping up in a significant way. The end result is nothing short of a steady shift...

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