In a Group of Companies what is generally the role of a Treasury Manager??

Question

In a Group of Companies what is generally the role of a Treasury Manager??

Answer 1

The TM will be in charge of pooling the financial resources of the members of the group and to manage this pool of money.

Basically, he will require all companies to lend him all their (temporally) excessive amounts of money, which he then will invest (in securities, bank deposits, ...) or lend out to members of the group that need money.

This might be very profitable, pooling financial resources generally gives access to better investments, the possibility of obtaining financing from the Treasury Manager might increase the creditworthiness of each individual company (most banks like to see such a system imposed). And when there are seasonal changes in capitalneeds of one company, these might be offset by other group-members. If it's done the right way, this might even result in a lower aggregated tax burden.