Executive Summary
Saint-Gobain is present in 67 countries with more than 179 000 employees.
The Group mobilises its companies ‘expertise and provides a range of solutions for buildings that are comfortable, more energy efficient and more pleasant to live every day.
Its high-performance materials are also found on industrial and consumer markets, such as the automotive, aeronautical, health and energy industries.
Client Profile
Year Founded: 1665
Headquarters: Courbevoie, France
Number of employees: 170,714 (2022)
Solution
With operations in 12 African countries and a small treasury team, Saint Gobain Sub-Saharan Africa has chosen to outsource the FX Execution and management of the group’s FX transactions to TreasuryONE.
By centralising the group’s FX transactions, Saint Gobain Sub – Saharan Africa now enjoys increased visibility over their FX positions, increased compliance to the group’s hedging policy and improved risk management and control allowing the treasury team to focus on executing the group’s expansion strategy while TreasuryONE ensures that the group’s FX deals are executed, confirmed and reported on timorously.
“I am delighted that Saint Gobain has entrusted us with their FX risk management business. The market is experiencing almost unprecedented levels of turbulence and we are applying our substantial skills and experience in FX exposure management to minimise the impact of currency fluctuations on their business.”
Wichard Cilliers, Director & Head of Market Risk, TreasuryONE