Thai Union Group Has Appointed as "Global Treasury Center" in Thailand

(Caption)- Mr.Joerg Ayrle, (left) Thai Union Group Chief Financial Officer and Ms. Chantavarn Sucharitakul, (right) Assistant Governor Financial Markets Operations Group Bank of Thailand

Bangkok, (July 07, 2015) – Recently at Bank of Thailand , Mr.Joerg Ayrle, CFO of Thai Union Group has obtained the Treasury Center License from the Ministry of Finance and the Bank of Thailand to set up “Global Treasury Center” in Thailand. The center will mainly centralize liquidity, foreign exchange risk management, and funding activities back to Thailand and this will be an important part to form up “International Headquarter” in Thailand.

Thai Union Group has appointed HSBC as the trusted advisor in providing global liquidity solution to support such automatic cross-border sweeping arrangement. The solution will allow Thai Union Group to unlock trapped cash sitting in their accounts globally whilst maximizing internal funding."