IBM: covering all the angles

IBM’s Cassio Calil talks about the technology giant’s approach to foreign exchange risk management. Interview by Gallagher Polyn


IBM, the Armonk, New York-based computer hardware and software company, is one of the US’s most international companies – it had revenues of nearly $86 billion in 2001 and operated in 35 different currencies that year. Cassio Calil, assistant treasurer and head of global operations, foreign exchange strategy, re-engineering and systems, discusses the company’s forex risk management infrastructure and philosophy.

What are your biggest forex exposures?

The euro, pounds sterling and

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