Axiata moves to centralise its treasury

Axiata is one of emerging Asia's telco success stories. The Kuala Lumpur-based company has grown impressively in recent years, launching a successful initial public offering of its Indonesian subsidiary Axiata XL this March and posting record revenues of $3.7 billion last year, up 8.8% compared to 2008.

Reza Abdul Rahim, head of group corporate finance, is responsible for Axiata's corporate finance and treasury. He sat down to discuss the company's plans to centralise its treasury and how he and his team of six support the firm's activities in the capital markets.

Please describe how Axiata's group treasury works.

Axiata currently operates a decentralised treasury function where each of its operating companies is...