“I don’t know why more people don’t give treasury back-office outsourcing a go,” said John Bishop, Group Treasurer at Auckland Council. “From a straight economic perspective, it stacks up.”
John is reflecting on the positive impact of well-trained, qualified staff on treasury risk. The dilemma from John’s perspective is that Council does not have the transaction volumes to justify a two-person back office team and relying on a single person presents significant key person risk.
“Using non-specialist staff to back up specialist roles has the potential to create major downstream issues… Read more