Industry

Non-Bank Financial Institution

Company Location

Kuala Lumpur, Malaysia

Project Scope

worldwide

Company overview

Deriv is one of the world’s largest online brokers offering CFDs and other derivatives on forex, stocks & indices, cryptocurrencies, commodities, and derived to millions of registered users across the globe.

Engangement Details

Deriv had grown exponentially over the past years resulting in a very diverse banking landscape. This resulted in inefficiencies in cash management, cash application and overall treasury operations. Cugavadi war requested to advice o a solution for bank connectivity as well as overall treasury set-up.

Solution

The project included the following activities:

Advice on the future state of Deriv’s banking and treasury set-up

Advice and support the application for SWIFT membership

Support with connecting Deriv to their 24 banks globally

Recruitment of a Head of Treasury

2-day ‘Introduction to Treasury Management training programmes

Testimonial

“I reached out to Cugavadi because of the high number of bank and bank accounts used by Deriv, without great visibility. Chris & Cugavadi provided a solution for improved bank account visibility and connectivity that is crucial for the future growth of Deriv. Chris is very pragmatic in his approach, and I am very happy to recommend using Cugavadi’s services.”

Jean-Yves Sireau

Vice-President Treasury & Investments”