Brennan & Partners supports Vaultex in Executing Cash Strategy MoU with National Bank of Ukraine
20th October 2020
Brennan & Partners supported Vaultex (a JV between Barclays and HSBC) in the execution of Memorandum of Understanding with the National Bank of Ukraine (NBU). Through the MoU Vaultex will assist the NBU in delivering its cash strategy over the coming years. Vaultex will offer their substantial expertise in cash management and provide the NBU with support in developing its delegated cash circulation model, based in the Strategy of Ukrainian Financial Sector Development 2025.
Vaultex CEO, Phil Vaughan, thanked NBU Governor Kyrylo Shevchenko for considering Vaultex as a potential partner contributing to the development of the cash strategy of Ukraine: “We look forward to building on the existing strong relationships between the cash experts within NBU and Vaultex”.
Kyrylo Shevchenko, NBU Governor, noted: “I am grateful to Vaultex for the opportunity to gain expertise in management solutions for cash circulation and for the company’s intent to share its ideas with the central bank. I am certain that this knowledge will contribute greatly to the NBU’s expertise.”
This partnership marks the further growth of Vaultex’s international consulting services business, through which it delivers transformational cash management projects for central banks, commercial banks and retailers.