As North American companies expand into Europe, establishing a regional treasury center (RTC) can support their growth strategies while making cash management more efficient. The Netherlands’ central location, welcoming business environment and attractive labor pool make it an appealing place for an RTC.
What’s the main goal of RTCs? They help streamline your international treasury operations and place all of your European funding, liquidity and risk management in one location. RTCs also have local experts on the ground—a helpful resource for companies operating several time zones away. The alternative is a fragmented treasury organization that uses time-intensive processes across international borders, creating a maze of systems, currencies and treasury tools.
"The Netherlands has all the things a company is looking for—central location, infrastructure, talent, a highly skilled IT resources network."
Consolidating your European treasury operations into a single regional center can help:
The Netherlands offers corporate treasury stability and is an attractive location for regional treasury operations and RTCs.
J.P. Morgan opened its Amsterdam office in 1962. In the six decades since, the firm has expanded operations there to serve as one of several full-service hubs in Europe.
“The Netherlands has all the things a company is looking for—central location, infrastructure, talent, a highly skilled IT resources network,” says Aziz Boulahiati, International Coverage Executive, Commercial Banking, at J.P. Morgan in Amsterdam. “That’s why—in addition to other main hubs in Europe—we’ve also invested here. And as an established member of the Dutch financial community, our local knowledge can help clients navigate the complexities of a new market.”
The World Economic Forum ranked the Netherlands fourth in The Global Competitiveness Report 2019, behind only Singapore, the United States and Hong Kong. The Netherlands maintains strong and well-established financial and judicial systems. Among the measures the Dutch government has taken to attract foreign businesses:
With Europe’s largest seaport and one of its busiest airports, the Dutch infrastructure can move people, goods and data effectively.
The Netherlands offers businesses access to educated, tech-savvy workers.
When establishing a regional treasury center, it helps to have a banking partner with extensive local experience. No matter the size of your organization, J.P. Morgan’s International Banking team can provide solutions that scale to your company and the breadth of its global footprint.