Why an independent former banker
Banks look for a predictable sequence when a client scales, and they price risk accordingly. Federico Lleonart worked in cash management at J.P. Morgan and Barclays, so the build-out follows what banks expect to see.
What sequence do banks expect from a scaling client?
Policy comes first, because it defines limits and approvals. A reliable forecast follows, then a bank structure, then controls, then dedicated treasury people.
Companies that skip steps often rebuild later, at a higher cost. Banks notice the difference when they review credit or onboarding.
What should be in place before the first acquisition?
You need a bank structure that can add entities, an intercompany funding framework and clear signatory rules. Without them, the first deal creates avoidable banking work.
What should be in place before the first international entity?
Decide whether the entity banks locally, uses an overlay bank or both. Set FX rules and intercompany terms before money starts moving.
When is the right time for a first treasury hire?
Usually when the policy and bank structure exist and the volume justifies a full-time role. Hiring earlier leaves the new person building foundations alone.
FIRMA Advisory sells no banking or investment products and takes no commissions from banks. A senior treasury consultant builds the function with your team.