Having focused on the centralisation of its operations since the 1990s, the Royal Dutch/Shell Group of Companies, which has five core businesses and a presence in 145 countries worldwide, is now reaping many of the economies of scale and efficiencies this can bring. The treasury function, which was once run on a country-by-country basis, with local treasurers taking responsibility for the cash and FX needs of their individual operations, is no exception.
