Kuala Lumpur, Malaysia
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.
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.
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
“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.”
Vice-President Treasury & Investments”