Coun­cil team’s global awards

Central Leader - - NEWS -

An am­bi­tious multi-year pro­ject to man­age trea­sury-re­lated risks has earned Auck­land Coun­cil two pres­ti­gious awards.

It won the ti­tles at the Awards for Global Cor­po­rate Trea­sury 2013, in­clud­ing the cov­eted Judges’ Choice Award.

The team took out the Fund­ing the Or­gan­i­sa­tion Award for its trans­for­ma­tion of trea­sury fund­ing in the three years fol­low­ing the 2010 Auck­land Coun­cil amal­ga­ma­tion, as well as the over­all Judges’ Choice Award.

The awards at­tracted 71 en­tries from 53 dif­fer­ent in­ter­na­tional cor­po­rate trea­sury de­part­ments, span­ning nine dif­fer­ent cat­e­gories.

‘‘This global recog­ni­tion is an out­stand­ing re­sult not only for coun­cil and the lo­cal govern­ment sec­tor in New Zea- land, but also for Auck­land ratepay­ers who can be con­fi­dent that we have a world­class trea­sury team that man­ages the cash flow and in­vest­ment and se­cures the best bor­row­ing rates for coun­cil,’’ coun­cil chief fi­nance of­fi­cer An­drew McKen­zie says.

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