Halma creates group treasury function.

Halma Group has introduced its first group-level treasury function in an attempt to cut finance costs.

The company has recruited June Waldron to develop its treasury department. She says the new function wll be "centralised with a lower case 'C'" and consist solely of herself.

The recruitment of Waldron marks a move away from Halma's decentralised structure as the group tries to cut its finance costs and address foreign exchange issues.

Halma is made up of six business divisions covering safety technology in areas including fire and gas detection, water leak detection and elevator and door safety. Waldron says the different businesses operate …