Why Treasury Is More Important Than Ever in a Company with Ramez Sabawi
#172: Why Treasury Is More Important Than Ever in a Company with Ramez Sabawi
with Mike Richards0:00
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About this episode
How important is treasury to an overall business?
While it may have previously been a mere offshoot of accounting, treasury is now a fully-fledged and essential department. To talk about the importance of treasury in modern companies, Ramez Sabawi, the Treasurer at Saudi Aramco Total Refining and Petrochemical Company (SATORP), joined this episode.
Ramez explains how the importance of treasury has changed and expanded over the years and become more about strategy and risk management.
SATORP is the largest state-of-the-art refinery in the Middle East and Asia, with a daily refining capacity of 460,000 barrels. Ramez is also SATORP’s Head of Corporate Risk & Investments. In these capacities, he maintains responsibility for:
- Capital markets activities, including corporate finance investments and foreign exchange
- Liquidity and cash management operations
- Insurance and risk management
- Compliance governance and controls within Finance & Treasury sectors
- How Ramez’s banking background was the perfect start for a career in treasury
- Ramez’s many roles in banking and treasury and the lessons he’s learned
- Why treasury has become more of a strategic business role
- How the role of treasury has expanded in companies
- Why treasury is a great career to go into
- Ramez’s tips for treasury career success