Spotlight on: Damian Glendinning, Lenovo
Notwithstanding the considerable currency exposures that Chinese PC manufacturer Lenovo has to hedge, and the wave of complex financial engineering in over-the-counter derivatives over the past decade, the company's Singapore-based group treasurer Damian Glendinning prefers basic foreign exchange forwards rather than complex options as a hedging tool. "All the more complex products really are is various forms of options in which all sorts of interesting methods are used to make the premium
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