new taqa treasury department will bring financial agility to international group’s rapidly growing asset portfolio
Abu Dhabi National Energy Company PJSC
Appoints Head of Treasury and Corporate Finance
in UAE Headquarter Office to Oversee Global Cash Management Process
Abu Dhabi National Energy Company (TAQA PJSC) has created a treasury department and appointed a Head of Treasury and Corporate Finance, a post that will oversee the global cash management process of the entire enterprise.
The newly created TAQA treasury department will allow for multi-bank, multi-asset data aggregation, analytic reporting, and provide state-of-the-art treasury workflow tools.
All of which should bring greater agility to the company’s cash management process, and, as a result contribute to TAQA’s bottom-line, company sources have said.
The Abu Dhabi-based energy company has appointed Ms. Eva Janssens as Head of Treasury and Corporate Finance effective 15 July of this year. Among other responsibilities, Janssens will contribute to the capital planning and structuring of the firm.
“A well-structured and scaleable treasury department is critical to TAQA’s global growth strategy, and Eva will bring best-in-class standards to our treasury operations,” said Peter Barker-Homek, Chief Executive Officer of Abu Dhabi National Energy Company PJSC.
“By implementing a web-based cash management platform, TAQA will achieve real-time visibility of its cash position, enabling management of global liquidity and risk across the enterprise.”
TAQA believes the new treasury department will enable the company to manage funds more efficiently, and analytically, while better controlling processes, as well as the distribution of critical information.
Janssens holds an MBA from the University of Chicago (US) and an MS in Applied Economics from Universiteit Leuven (Belgium). She has worked in corporate finance and treasury roles in such blue-chip organizations as Barrick Gold, Imperial Oil, and Johnson & Johnson.
