DP World wins top treasury award
Dubai, October 10, 2012
DP World’s corporate treasury team has won the Large Corporate Treasury Team of the Year Award, in recognition of its achievements in managing the financial markets on behalf of the global marine terminal operator.
The team received the award from the Association of Corporate Treasurers Middle East. It was presented during the Deals of the Year Dinner gala hosted by the association as part of the ACT Middle East Annual Conference in Dubai.
Judges cited DP World’s success in delivering four large and complex financing deals over a 12-month period from June 2011, achieving competitive pricing with innovative structures when markets were at their most resistant, for their decision to choose the global marine terminal operator for the honour.
“This was an outstanding entry from DP World’s Treasury team, which confirmed its reputation for excellence by securing more than $3 billion in finance over a short period of time.”
Receiving the honour on behalf of the team, Stephen Bishop, senior vice president, treasury, DP World, said: “We are delighted that the DP World Treasury team has won this award. It is a challenging time to be delivering financial deals with competitive pricing as well as managing the day to day work of a global treasury function.”
“We see the award as recognition of our treasury team’s commitment, hard work and financial best practices towards safeguarding the interests of the company.”
ACT Middle East has a network of over 3,500 treasury, risk and finance professionals from a range of corporations, banks and financial institutions and promotes the development and sharing of treasury knowledge and expertise across the region. – TradeArabia News Service