Hyundai awards cash mandate to Citi

Hyundai Motor Company is implementing a global multi-currency notional pooling solution from Citi.

Citi’s treasury and trade solutions unit, part of its global transaction services GTS business, has been selected by Korea-based Hyundai Motor Company to help improve the company’s cash management efficiency. Hyundai implemented an automated multi-currency notional pooling solution, provided by Citi, to monitor the cash management of its subsidiaries and maximise the utilisation of its internal cash surplus.

“We have developed very strong relationships with Hyundai Motor Company over 10 years of business across the globe,” said Sridhar Kanthadai, regional head of treasury and trade solutions for Asia-Pacific at Citi. “Winning this RFP request for proposal is both testament to the strength of this relationship, the consistent high quality of...

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