# Independent treasury and banking consultants for CFOs and investors Source: https://firmaadvisory.com/ Last updated: 2026-10-07 TYPE html> Independent Treasury and Banking Consultant | FIRMA Advisory [Skip to main content](#main) We support companies, investors, and leadership teams in improving financial structures, strengthening banking relationships, and executing high-impact initiatives across regions and institutions. Founded by a former J.P. Morgan and Barclays banker. [Book a 30-minute call](https://firmaadvisory.com/contact) [contact@firmaadvisory.com](mailto:contact@firmaadvisory.com) [Federico Lleonart](https://firmaadvisory.com/federico-lleonart), founder and Head of Treasury Advisory. Former J.P. Morgan and Barclays banker. - Former J.P. Morgan and Barclays - Five languages - United States, Europe and Latin America **Treasury** Cash visibility, liquidity control, and working capital discipline. **Banking** Relationship strategy, pricing, FX, and credit coordination. **Infrastructure** Payment architecture, reporting frameworks, and implementation. **Cross-Border** Multi-entity, multi-currency, and jurisdictional complexity. FIRMA Advisory is an independent treasury and banking consulting firm. CFOs, private equity firms, multinationals and consulting firms hire it across the United States, Europe and Latin America. Core work includes liquidity strategy, bank fee analysis, FX cost optimization, cross-border structuring and post-acquisition integration. It sells no financial products. ## Where strategy meets execution. Most financial complexity does not require more advice. It requires the right structure, the right banking framework, and the discipline to implement it. FIRMA Advisory works with leadership teams to design and execute that framework as a working operating model, not as a recommendation. ### Independent and conflict-free We are not affiliated with banks, brokers, asset managers, or product providers. Our advice serves the client's interests exclusively. ### Integrated across treasury, banking, and operations We work where these disciplines meet, as a single financial operating framework rather than a series of disconnected workstreams. ### Execution-oriented Our work extends beyond recommendations into implementation with internal teams, banks, and external partners. ## [Federico Lleonart](https://firmaadvisory.com/federico-lleonart) Founder and Head of Treasury Advisory, formerly at J.P. Morgan and Barclays in cash management. [Read his profile](https://firmaadvisory.com/federico-lleonart) ## Built for leadership teams managing financial complexity. FIRMA Advisory serves companies and investors for whom financial visibility, cost discipline, negotiating strength with banks, and execution capability define the next phase of value creation. ### Private equity firms and operating partners Improve profitability and treasury discipline post-acquisition. Reduce inefficiencies, optimize banking, and create financial value across the portfolio. ### PE-backed portfolio companies Address fragmented banking, limited cash visibility, inefficient FX execution, and underdeveloped financial infrastructure. ### Mid-sized companies USD 50M to 2B revenue, growing internationally, with increasing financial complexity and limited senior treasury expertise in-house. ### European SMEs and large banking counterparts Companies underserved by global banks, lacking negotiating strength on FX, fees, payments, and credit facilities. ### Multinational operators US, European, and Asian-headquartered companies operating across regions, requiring cross-border banking and treasury alignment. ### Growth companies Fast-scaling organizations building treasury structure, cash forecasting, governance, and scalable financial infrastructure. ### [Consulting firms](https://firmaadvisory.com/consulting-partners) Management and finance consultancies that need a senior treasury and banking specialist on their client engagements. ## Treasury and banking consulting services. Fifteen services, grouped by what they solve. Each one can be the starting point of an engagement, and services can be combined. ### Core services #### Treasury and liquidity strategy Build cash visibility, a 13-week forecast and clear decision rights over funding. #### Corporate banking strategy Shape the bank panel, align wallet with credit and run a bank RFP when needed. #### Cross-border treasury Design pooling, netting and account structures across entities, currencies and countries. #### Treasury systems and bank connectivity Connect your ERP or TMS to every bank through host-to-host, SWIFT or APIs. #### Treasury process optimization Tighten payment controls, bank mandates, segregation of duties and treasury policy. #### Cash management advisory Review account structures, pooling and idle cash so balances work harder. ### Cost and value #### Bank fee analysis Benchmark every bank charge and renegotiate the fee schedule, verified on statements. #### FX cost optimization Measure all-in FX cost against mid-market and set a competitive execution policy. #### Post-acquisition treasury integration Secure day-one bank control and consolidate banks within 180 days of close. ### Client focus #### Private equity treasury advisory Turn banking and FX cost into a value creation lever across the portfolio. #### CFO advisory services Get a senior sounding board for facility negotiations, bank panel changes and board decisions. #### Banking advisory for European SMEs Win better pricing, service and credit from banks that treat you as a small client. #### Treasury build-out Build policy, forecasting, bank structure and controls in the order banks expect. #### Treasury due diligence Review change of control clauses, guarantees, pooling liabilities and trapped cash before signing. ### Outsourcing #### Finance and treasury BPO advisory Select and govern BPO providers, and set up banking infrastructure for BPO operators. [See all services](https://firmaadvisory.com/services) ## Ways to engage. Engagements are scoped around the decision in front of you. These are the four ways clients work with us. ### [Diagnostic](https://firmaadvisory.com/engagement-models) A fixed-scope review of banks, fees, FX or cash that sizes the opportunity before a larger commitment. ### [Project](https://firmaadvisory.com/engagement-models) A defined scope, deliverables and phases, from analysis through bank negotiation and implementation. ### [Interim treasurer](https://firmaadvisory.com/interim-treasurer) Senior treasury cover on an interim or fractional basis while you recruit or rebuild the function. ### [Specialist for consulting firms](https://firmaadvisory.com/consulting-partners) A senior treasury and banking specialist working inside your team on client engagements. [Compare engagement models and fees](https://firmaadvisory.com/engagement-models) ## A structured process designed to clarify complexity and support execution. ### Diagnose financial complexity Map entities, banking relationships, liquidity flows, constraints, and decision rights. ### Structure the framework Design the operating and banking model required to support strategic priorities. ### Implement with stakeholders Coordinate with internal teams, banks, providers, and external advisors to execute. ### Improve performance Strengthen visibility, control, reporting cadence, and ongoing financial performance. ## The impact of structured financial discipline. ### Full liquidity visibility Clear understanding of cash positions across entities and jurisdictions. Improved forecasting and capital allocation. ### Reduced financial cost Lower FX spreads, optimized banking fees, and more efficient funding structures. ### Stronger banking relationships Stronger negotiating positions, diversified counterparties, and better access to credit. ### Scalable financial structures Treasury and operating models built to support international growth and increasing complexity. ### Cross-border efficiency Reduced friction across currencies, payment flows, and headquarters and local coordination. ### Executed strategic initiatives Financial and operational frameworks that allow strategy to be implemented, not just defined. [View portfolio examples](https://firmaadvisory.com/portfolio) ## Independent cash management and treasury services advisory. FIRMA Advisory provides cash management, treasury services, and banking strategy advisory for companies and investors operating in complex and cross-border environments. We work independently of banks and product providers, so our advisory serves the client’s interests end to end. ### [Cash management](https://firmaadvisory.com/treasury-liquidity-strategy) Cash visibility, liquidity allocation, working capital efficiency, and capital deployment across entities and currencies. ### [Treasury services](https://firmaadvisory.com/services) Treasury structures, banking strategy, FX policy, and the financial infrastructure to operate them at scale. ### [Cross-border treasury solutions](https://firmaadvisory.com/cross-border-financial-structuring) Multi-jurisdiction banking, currency framework, and headquarters and local coordination for international operations. ## Discuss your financial infrastructure priorities. If your organization faces financial complexity, banking inefficiencies, cross-border growth, or the need for stronger financial structure and execution, we would be glad to speak. [Book a 30-minute call](https://firmaadvisory.com/contact) [contact@firmaadvisory.com](mailto:contact@firmaadvisory.com)