AIB Capital Expands Treasury Business In Europe
Allied Irish Bank has strengthened its overseas presence with the taking over of corporate treasury centres in the jurisdictions of Luxembourg, Switzerland and Hungary.
The bank’s Capital Markets division will run the operations on behalf of international clients, managing forty operations in Hungary with an additional 25 centres in Switzerland and Luxembourg.
Talking to the Sunday Business Post at the weekend, chief executive of AIB Capital Markets Colm Doherty revealed that “low to zero tax rates” were the prime concern for companies looking at international corporate treasury management.
.
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.