Thai Union and HSBC Named Best Forecasting Strategy in the Corporate Treasurer Awards


18 April 2016, Bangkok, Thailand – Thai Union Group Public Company Limited (TU), the world's largest shelf-stable tuna processor and owner of a leading global portfolio of seafood brands, announced today that HSBC and Thai Union (TU) have been awarded the Asia’s Best Treasury & Finance Strategies in the Best Forecasting Strategy category in The 4th Annual Corporate Treasurer Awards 2015. The awards presentation ceremony, hosted in Singapore, was part of the CT Week conference that brought together hundreds of the region’s top treasurers and CFOs.

Mr. Thiraphong Chansiri, President and CEO of Thai Union said “TU has been recognized for its strategic planning of Treasury Center and International Headquarter (IHQ) schemes. Licensing for the Global Treasury Center in Thailand, the company is capable to centralise liquidity, forex risk management as well as fund raising. This is also be another significant milestone for Thai Union Group in setting up the IHQ in Thailand. “

HSBC has been appointed as the Global Liquidity Advisor in providing global liquidity solution to support such automatic cross-border sweeping arrangement. The solution will allow the company to unlock trapped cash sitting in their accounts globally whilst maximizing internal funding.”