Citi Treasury and Trade Solutions
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The Challenge
On September 19, 2013, Agilent, the world’s
leading measurement company, announced
plans to spin-off its electronic measurement
business into a new company called Keysight
Technologies Inc. Keysight has more than
9,500 employees serving customers in
100-plus countries.
The execution plan and key milestones of the
spin-off was aggressive, including the formation
of Keysight as a separate operating entity by
August 2014; trading on the New York Stock
Exchange by November 3, 2014; and a complete
clean production go-live final cut-over from
Agilent by December 23, 2014.
To support Keysight’s spin-off strategy and
objectives, the treasury teams of Agilent and
Keysight partnered with Citi, their global cash
management and trade bank, to implement an
integrated working capital management solution
covering cash management, liquidity and
investment, trade services and finance, and
commercial cards, across 30 markets globally,
including nine countries in Asia Pacific.
KEYSIGHT TECHNOLOGIES INC.
Establishing a Globally Integrated Treasury
and Banking Structure
In 2014, Keysight Technologies Inc. (Keysight) embarked on a year-long journey to establish a
globally integrated treasury and banking structure. The end result was one of the most advanced,
best-in-class treasury models in the industry, enabling Keysight to be operationally efficient
and scalable for growth from day one.
Industrials
Energy, Power
and Chemicals
Technology, Media and
Telecommunications
Consumer and
Healthcare
Non-Bank Financial
Institutions
