Mubadala wins best Large Treasury Team of the Year award

posted on 17/11/2011: 55 views

Mubadala Development Company (Mubadala), the Abu Dhabi-based strategic investment and development company, last night won the Large Treasury Team of the Year award at the Association of Corporate Treasurers Middle East (ACTME) 2011 Awards.

The award recognises Mubadala across all treasury disciplines - cash management, corporate finance and funding, governance and risk management - for its sound treasury management, strong technical knowledge and ability, innovation in technology and systems, and its ability to build strong relationships with its bankers and advisors.

Commenting on this prestigious award Matthew Hurn, Executive Director Mubadala Treasury said: "Mubadala is building a pioneering world-class treasury function that is raising industry standards while also improving the quality and effectiveness of our own organisation. This is applicable across all our treasury disciplines, and in particular, the robust training program we have put in place for UAE nationals. I am delighted that the wonderful team we have brought together at Mubadala is being recognised for their excellent work." "The importance of the treasury function in regional organisations is becoming increasingly accepted, but with this responsibility must come a commitment to raise standards as well. It is great to see this development which will be critical to the future success of regional organisations given the often challenging conditions and decisions they have to face", he added. - Emirates News Agency, WAM

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