Agenda

Printable agenda

Overview

All times listed in GMT

  • 8:50am -
    9:00am
    Chairs’ introduction & welcome
  • 9:00am -
    9:45am
    The pandemic and the economy - scars or scratches?

    The pandemic has inflicted a deep economic impact in the MEA, as the severe demand shocks in oil and commodities, real estate, and the hard-hit services sector in travel and tourism, all weigh heavily on recovery prospects. Whilst oil prices have begun to recover from the historic lows of Q2 2020, a full rebound to 2019 highs of USD$60/bbl is some way off as the World Bank predicts prices to average USD$44/bbl in 2021. Real GDP in the region, which fell 4.7% in 2020, will remain below pre-crisis levels with growth in 2021 projected at 3.3%, according to the IMF. Yet in the mid to long term, with the arrival of vaccines and immunisation programmes, stability and a new normality will return to markets, with demand for oil increasing to 2035 on current OPEC projections. Ongoing tensions and conflicts in the region will also weigh on the recovery outlook. So has the pandemic inflicted lasting economic scars, or are they just temporary scratches? In this session economists assess the damage.

    Paul Nicholson

    Paul Nicholson, Senior Content Producer, EuroFinance

    Paul Nicholson
    Paul Nicholson EuroFinance Senior Content Producer

    Pat Thaker

    Pat Thaker, Regional Director Middle East & Africa, The Economist Intelligence Unit

    Pat Thaker
    Pat Thaker The Economist Intelligence Unit Regional Director Middle East & Africa

    Since 2000, Pratibha Thaker has directed the Economist Intelligence Unit’s (EIU) Middle East and Sub-Saharan Africa team, which publishes regular country reports and forecasts on macroeconomic, business and political conditions. Working with a substantial pool of external contributors and an internal team of regional and country specialists, she provides the intellectual leadership necessary to ensure the EIU forecasts for the Middle East and African economies are among the most accurate and insightful available to international decision makers. She is responsible for ensuring that the forecasts and analysis for the Middle East and African economies are closely integrated with the EIU’s global macroeconomic outlook.

  • 10:00am -
    10:45am
    Levelling the ups and downs: cash and investment management in volatile times

    The MEA saw a significant drop in remittances and FDI as well as capital flight as capital outflows from emerging market securities plummeted to a record USD-83bn at the onset of the pandemic in Q2 2020, according to the IFF.  Against this severe backdrop, bank funding tightened, spreads widened and yields spiked. Yet even though the trend is now reversing, as the markets stabilise into 2021, uncertainties and volatilities to liquidity and cash flows remain. In this session, treasurers reflect on their strategies to maintain solid funding positions, strong liquidity and optimal working capital to withstand ongoing demand shocks. And as the investment environment changes, with ultra-low deposit rates, and weak investor sentiment, treasurers discuss the strategies and options to invest cash in diversified assets, including money market funds in the Middle East and Africa.

    Marion Reuter

    Marion Reuter, Managing Director, Regional Head of Transaction Banking Sales Europe, Head of Transaction Banking Nordics & Germany , Standard Chartered

    Marion Reuter
    Marion Reuter Standard Chartered Managing Director, Regional Head of Transaction Banking Sales Europe, Head of Transaction Banking Nordics & Germany

    Marion Reuter joined Standard Chartered in January 2013 and currently is Managing Director, Regional Head of Transaction Banking Sales Europe and Head of Transaction Banking for Germany and Nordics. Before this position, she held various other senior roles in Transaction Banking in Germany and Nordics. In the years 2000 to 2012, Marion worked for Deutsche Bank in Germany and Switzerland and held various roles in Transaction Banking including Sales covering multinational corporate clients as well as various Structuring & Advisory roles. Marion Reuter studied International business and foreign trade at the University of Applied Sciences in Worms, Germany and University of South Alabama in Mobile, USA.

    Domingos Antunes

    Domingos Antunes, Treasury & Finance director, Decathlon

    Domingos Antunes
    Domingos Antunes Decathlon Treasury & Finance director

    Jan Beukes

    Jan Beukes, Group Treasurer, Multichoice Group

    Jan Beukes
    Jan Beukes Multichoice Group Group Treasurer

    Jan is MultiChoice’s Group Treasurer and is responsible for managing a centralised treasury team overseeing all areas including cash & liquidity management, foreign exchange risk management, bank relationships and central bank engagement. MultiChoice is listed on the Johannesburg Stock Exchange and is Africa’s leading entertainment company. The Group creates and secure the rights to phenomenal content from all over the world. This gets delivered through its Direct To Home (DTH), Digital Terrestrial Television (DTT) and online video entertainment services. The Group’s entertainment platforms - are a hub for approximately 19.5 million households across 50 countries. Through Irdeto, they are a world leader in digital platform security for video entertainment, video games, connected transport and IoT connected industries. The treasury team is based in Johannesburg, South Africa. Jan joined the MultiChoice Group in 2018 and has close to 8 years multinational Group Treasurer experience. Jan is a Chartered Accountant [CA(SA)] and also holds a Masters Degree in Forensic Accounting.

  • 10:45am -
    11:30am
    Virtual networking break

    Attendees are invited to take a break, schedule meetings with peers, visit sponsor booths, check out the library for industry resources and much more.

  • 11:30am -
    12:30pm
    Bank panel: evaluating treasury services through the crisis

    The banking sector remains a key pillar of the Middle East and Africa economy with regional players dominating the market capitalisation and revenue league tables. The regulatory capital buffers and stress tested balance sheets have ensured that financial institutions in the region have weathered the pandemic, unlike the GFC of 2008. The proliferation of treasury services across the region has also given strength to corporate treasurers looking to develop and deepen relationships with banking partners across a range of core functions including cash, liquidity and FX management. One phenomena of the pandemic has been a pivot to digital transactions, yet not all local banks were prepared. Banks operations geared to physical and manual transactions have had to rapidly adapt to the new reality and make internal systems changes to serve clients. Payments that used to be in cash or cheques have suddenly become digital. In contracts too, digitisation has accelerated to eliminate inefficiencies in manual processes. Yet a lack of consistency in digital signature processes and the need for multiple documents to process transactions have highlighted inefficiencies. Some banks accepted digital signatures, whilst others authorised them provisionally pending physical documents. In this session, bankers give their perspectives on managing client relationships through the crisis, and how they see treasury products and services from regional banks evolving in 2021. What is the next evolution in treasury and transaction services in banks in the region?

    Paul Nicholson

    Paul Nicholson, Senior Content Producer, EuroFinance

    Paul Nicholson
    Paul Nicholson EuroFinance Senior Content Producer

    Esther Chibesa

    Esther Chibesa, Treasury and Trade Solutions Head, Sub-Saharan Africa, Citi

    Esther Chibesa
    Esther Chibesa Citi Treasury and Trade Solutions Head, Sub-Saharan Africa

    Esther Chibesa has 20 years of diverse corporate banking experience, serving in various capacities for Citigroup in Kenya, Uganda, Tanzania and Zambia. In her current role, Esther is driven by Africa’s promise, and seeks to realize the opportunities presented at the intersection of technology, regulatory evolution, and inclusive finance. She leads a team in the visioning and execution of a transaction services strategy that addresses the continent’s ongoing financial services transformation. She leads the execution and deployment of innovative treasury & trade finance solutions for multinational corporations, financial institutions and public sector organizations across Sub-Saharan Africa. In her various roles within the organization, she has championed the development of several groundbreaking solutions such as fully integrated tax & fiscal collections systems, receivables digitization solutions, automated mobile money channels and settlement processes, and enhanced, digitized trade and supply chain solutions. She is a past recipient of the prestigious Top 40 Women under 40 (Business Daily Kenya), past member of the Junior Achievement Zambia Board, is an alum of University of Botswana (First Class Honors), and holds an MBA from Heriot Watt Business School, Edinburgh University.

    Viplav Rathore

    Viplav Rathore, MD, Head of Cash Products AME and MENA cluster, Standard Chartered

    Viplav Rathore
    Viplav Rathore Standard Chartered MD, Head of Cash Products AME and MENA cluster

    Viplav has over 21 years of banking and treasury experience, with in-depth expertise around various aspects of International Cash and Treasury Management. Prior to joining Standard Chartered, he was the Treasury Director at GE Corporate Treasury, heading up their Transaction Banking team for the EMEA & APAC regions. Viplav brings to the table diverse experience, gained from managing GE‘s treasury needs in Europe, Middle East, Africa and Asia Pacific cutting across Cash and Liquidity Management, FX hedging, Risk Management and Middle Office functions. He was actively involved with the set up of the RTC and SSC and the creation of complex cash pools and “In House Bank” structures. He has also led a number of global process re-engineering projects for productivity, cost and controllership wins. In Nov 14, he joined Standard Chartered Bank in London to run the Bank’s Treasury Advisory practice for Europe. He was working with the key clients of the bank to offer them best practice advice and solutions helping them to achieve their efficiency and control aspirations and to crease best in class treasury infrastructure. This included selection of platforms (TMS, SWIFT bureaus), design and set up on IHB, centralizing operations in SSC, integration of acquired companies, payable and receivable optimization and drafting treasury policies and procedures. Since Feb 2017, he is with Standard Chartered Bank in Dubai as part of the Transaction Banking business for Africa and Middle East. Till Aug 2019 he was running Cash Products and Treasury solutions for AME and the cash business for the UAE. In his current role he leads up Cash Management for Africa and MENAP. In his past roles he has worked with ANZ Banking Group and Standard Chartered in the areas of risk management and middle office. He holds a Management degree from the Delhi School of Economics.

    Will Kent

    Will Kent, Head of Payments & Cash management, TPS, CIB , Standard Bank

    Will Kent
    Will Kent Standard Bank Head of Payments & Cash management, TPS, CIB

    Thabo Makoko

    Thabo Makoko, MD, Transactional Banking African Regional Operations and Head Trade and Working capital, Absa Group

    Thabo Makoko
    Thabo Makoko Absa Group MD, Transactional Banking African Regional Operations and Head Trade and Working capital

  • 12:30pm -
    1:15pm
    Recovery and risk in 2021: installing treasury early warning systems

    Risks to revenue and operations are real as the Middle East and Africa markets oscillate into an uncertain recovery. Treasurers and risk management partners in the business are developing new strategies to mitigate against risk treasury operations, cash flows and liquidity. Running cash forecasts more frequently and with improved data is trending, as well as gathering additional internal and external information from market data providers. Yet cash forecasts are only part of a wider risk management framework to ensure liquidity in the event of market disruptions that could see demand fall and funding to seize. In FX strategies too, treasurers need to develop market hedging strategies to mitigate against loss. In countries with elevated geo-political risks, treasurers also need to consider offshoring operations, or potentially exiting countries with elevated tensions. In this session, we examine the key risk indicators on the treasurers dashboard in 2021 and analyse how to read them. What intelligent early warning systems are treasurers deploying to mitigate against the rack of risks to insulate against crisis next time?

    Shafina Hamed

    Shafina Hamed, Banking Manager, EMEA & Americas, IATA

    Shafina Hamed
    Shafina Hamed IATA Banking Manager, EMEA & Americas

    Noor Shafina is the Banking Manager, Europe, Middle East, Africa & Americas, at the International Air Transport Association (IATA). She joined IATA in 2014 as the Banking Manager for Middle East & Africa handling 42 countries. Prior to joining IATA, she worked in private banking at Citibank in Singapore. She is currently based in Madrid, Spain. Shafina holds a M.Sc. in International Air Transport Operations & management from Ecole Nationale de l'Aviation Civile (ENAC) and holds a BSc in Finance & Economics from California State University. She has extensive working knowledge in Africa and Middle East and has been in the thick of the many solutions and challenges facing airlines’ ability to repatriate sales proceeds to their home countries.

    Nikita Koopman

    Nikita Koopman, Treasurer, East and Southern Africa, British American Tobacco (BAT)

    Nikita Koopman
    Nikita Koopman British American Tobacco (BAT) Treasurer, East and Southern Africa

    Nikita Koopman is responsible for Treasury and Insurance for British American Tobacco’s markets in East and Southern Africa. Her career experience has been geared largely towards Corporate Finance in the FMCG and Forestry & Fisheries industries. Nikita is passionate about talent development and is the training officer of the Chartered Accountant programme run within British American Tobacco’s South Africa business.

    Daria Severina

    Daria Severina, Sr. Manager Global Cash Management Global Treasury, Corporate Finance, SABIC

    Daria Severina
    Daria Severina SABIC Sr. Manager Global Cash Management Global Treasury, Corporate Finance

    Daria Severina has 16+ years experience in treasury, registered treasurer SABIC (the Netherlands): 10 years professional experience. Senior Manager Global Cash Management (act.) (January 2019 - Present) Global cash and liquidity management in the EU, APAC, Americas and MEA regions. Head Cash Management MEA (October 2017 - August 2018) Setup the regional Cash Management team in Saudi Arabia and strategic development of cash and liquidity management in the MEA region. Head Cash Management Europe (November 2015 – Present) EU cash and liquidity management and centralization of SABIC global cash.

    Patrick Peters Buhler

    Patrick Peters Buhler, Citi Treasury Advisory Group, Europe, Middle East and Africa, Citi

    Patrick Peters Buhler
    Patrick Peters Buhler Citi Citi Treasury Advisory Group, Europe, Middle East and Africa

    Patrick joined Citi’s Treasury Advisory Group and (TAG) and supports clients in Europe, Middle East and Africa. Patrick has worked in Treasury and Finance in Europe, Latin America, and North America for the past 25 years. Prior to that he has been the Corporate Treasurer and Regional CFO for large multinational corporates and the Group CFO for Multi-Latina corporates; and, as a Treasury Advisor at a US bank. He has also been a university lecturer in Economics and Statistics in Mexico, Colombia, Peru and the USA. He has been a Senior EuroFinance Tutor chairing conferences and delivering treasury training since 2006.

  • 1:15pm -
    1:30pm
    Virtual networking break
  • 1:30pm -
    2:30pm
    Financial Markets and ESG: twin engines of growth for African treasury in 2021

    African financial markets are undergoing changes due the pandemic with recessionary forces gathering pace across the continent. For the treasurer, the outlook in Africa is challenging with hard currency shortages, local liquidity issues, local funding capacity, deteriorated credit conditions, and increased FX risks. Operating treasury in unpredictable, volatile markets, and managing risk and ongoing uncertainty in cash management, investments and supplier financing has become intensely challenging for regional treasurers. Yet financial market markets have been impacted differently in local markets and the picture and outlook is mixed, with some positive developments in central banks controls and regulatory frameworks. A positive development has been the increasing adoption of financial instruments such as green bonds and sustainable loans, as well as sustainable supply chain financing as part of wider ESG measures. In this session panelists discuss how the financial markets in Africa are evolving to create positive and sustainable impacts on treasury markets and operations through these challenges.

    Paul Nicholson

    Paul Nicholson, Senior Content Producer, EuroFinance

    Paul Nicholson
    Paul Nicholson EuroFinance Senior Content Producer

    Manjit Dhillon

    Manjit Dhillon, CFO, Helios Towers

    Manjit Dhillon
    Manjit Dhillon Helios Towers CFO

    Manjit Dhillon joined Helios Towers in 2016. In his role as Head of Investor Relations and Corporate Finance, he has overseen transactions including the recent US$975 million debt refinancing and the acquisition of 1,220 towers to enter the new market of Senegal. He also played a key role throughout the successful IPO of Helios Towers on the London Stock Exchange in 2019. He was appointed CFO in December 2020, effective 1 January 2021, having held the position as interim CFO since July 2020. Prior to Helios Towers, Manjit has held a number of positions in the financial services sector, including with Deloitte, Goldman Sachs and Lyceum Capital. He is a qualified Chartered Accountant of the Institute of Chartered Accountants of England and Wales.

    Dr. Amichia Biley

    Dr. Amichia Biley, Head of Syndications, DEG

    Dr. Amichia Biley
    Dr. Amichia Biley DEG Head of Syndications

    Amichia Biley joined DEG in 1999. He is Head of Syndications at DEG since 2011, focusing on project finance and corporate finance transactions. Before that, he was regional director for West Africa (2008 – 2011) and Head of Berlin Office (2004-2007). In his first years at DEG, he focused on business development and structuring of debt financing for private sector projects in Africa and subsequently worldwide in the infrastructure sector. Amichia has a Phd in economics from University of Göttingen in Germany and an MBA from Steinbeis University in Berlin in collaboration with Stern School of New York and SDA Bocconi in Milano.

    Simon Rankin

    Simon Rankin, Head of International Syndication, Absa Group

    Simon Rankin
    Simon Rankin Absa Group Head of International Syndication

    Simon joined Absa in October 2018 to lead the international acquisition finance effort and to advise Global Clients on liability management opportunities afforded across the Absa platform. In 2020, Simon became Head of International Syndicated Leverage Finance, spearheading Absa’s international syndicate efforts, whist continuing to structure and originate international and cross-border pan African deals. Simon has over 25 years of experience originating, structuring and underwriting over $50bn of strategic, transformational, domestic and cross border, acquisition and leveraged finance transactions including investment and non-investment grade, corporate, sponsor and quasi-sovereign deals in both bridge, loan and bond structures in North America, Western Europe and CEEMEA. Prior to joining Absa, Simon has worked at Morgan Stanley, Deutsche Bank and, prior to joining Absa, at J.P. Morgan. Whilst at JP Morgan, Simon was a Managing Director and Co-Head of CEEMEA Acquisition and Leveraged Finance Group, particularly focusing on Turkey, GCC and Africa. He successfully completed landmark transactions in Turkey and Kuwait, receiving Euroweek awards for these deals. Prior to this, Simon was a Managing Director in Deutsche Bank's Middle East Special Situations Group where he completed a complex mezzanine transaction Turkey and a unique cross boarder acquisition finance facility in the insurance sector, between Lebanon and Saudi Arabia. Simon also spent ten years at Morgan Stanley, based in New York and London where he completed acquisitions and leveraged transactions within North America, Western Europe, Russia, Ukraine, Czech Republic and Egypt. Simon holds an MBA from Northwestern University, Kellogg School of Management and a BA from the University of Toronto, Trinity College.

  • 2:30pm
    Close of Day 1

Overview

All times listed in GMT

  • 8:50am -
    9:00am
    Chairs’ introduction & welcome to Day 2
  • 9:00am -
    9:45am
    Digitisation acceleration and treasury transformation

    The pandemic has accelerated digitisation in companies that need to operate processes without manual interventions due to lockdowns. Payment systems have benefited from electronic signatures and contract management systems from distributed ledger technologies. In treasury, cloud computing that links ERPs to TMS has enabled treasury to continue where business would have been impossible without centralised data centres. For advanced treasury transformers, APIs that link systems and RPAs that execute hitherto manual tasks have enabled greater visibility in forecasting and liquidity management. Yet beyond the virtual mechanics of advanced treasury operations, businesses in the Middle East and Africa are following the global trajectory in digitisation, towards a more AI powered future. In this session, treasurers talk on the challenges of technological transformation, the fintech solutions that enable change, and the drive for digitisation across the business.

    Vanessa Manning

    Vanessa Manning, Independent Treasury and Financial Services Consultant, Accuryst

    Vanessa Manning
    Vanessa Manning Accuryst Independent Treasury and Financial Services Consultant

    Takachida Kuhudzai

    Takachida Kuhudzai, Corporate Treasury Manager, EMEA, Kimberly Clark Corporation

    Takachida Kuhudzai
    Takachida Kuhudzai Kimberly Clark Corporation Corporate Treasury Manager, EMEA

    Takachida Kuhudzai is Corporate Treasury Manager, EMEA for Kimberly- Clark Corporation. Takachida leads strategic treasury activities for business units in Europe, Middle East & Africa covering foreign exchange risk management, capitalisation, funding, cash management and working capital. Takachida is also responsible for managing bank relationships across the EMEA region.

    Silver Zuskin

    Silver Zuskin, Director of Finance & EMEA Treasurer, Dell

    Silver Zuskin
    Silver Zuskin Dell Director of Finance & EMEA Treasurer

    As a EMEA Treasurer for Dell based in Bratislava, Slovakia, Silver Zuskin is responsible for all treasury operations in the region focusing on business partnership, cash and liquidity management, bank relationships, financing and trade as well as some global treasury operations initiatives. Silver has joined Dell in 2006, Dell Treasury in October 2007 and prior to joining Treasury team he was leading EMEA Reporting Center. Outside Treasury Silver leads Bratislava site wide initiative focused on promoting diversity and inclusion named MARC (Many Advocating Real Change). Before Dell Silver has spent 9 years at Alcatel Lucent (now Nokia) in various finance positions in Slovakia, Germany and France. He has graduated from the University of Economics in Bratislava, is CTP and CGMA certified. Silver is married and has two daughters.

    Vishal Verma

    Vishal Verma, Executive, Cash Management & Treasury Services (MENAT/SSA & Chennai GDC), GE Corporate Treasury, GE

    Vishal Verma
    Vishal Verma GE Executive, Cash Management & Treasury Services (MENAT/SSA & Chennai GDC), GE Corporate Treasury

    Vishal leads the Cash and Treasury operations at GE’s Corporate treasury for the Middle East, Turkey & Africa region, based out of Dubai. In addition to his regional remit, he also leads the India based global treasury services team for the company. With over 15 years of experience in the treasury and banking space, he demonstrates deep domain knowledge, a strong industry network and meaningful experience in leading change in a complex cross-cultural environment. Vishal has spent the last 9 years with GE’s Corporate Treasury in pivotal roles that have been placed at the center of strategic objectives. He has led and executed change in international assignments across numerous M&A deals, regulatory/policy changes and shifting organizational priorities. In his last role, Vishal was based in Paris from where he led the cash banking strategy for the company in Europe, a role he took on after successfully leading the cash workstream for treasury integration in the Alstom acquisition. In his foundational years, Vishal worked extensively in the banking sector with HSBC and ABN AMRO. He holds a Bachelors degree in Economics from Delhi University and a MBA from the Narsee Monjee Institute of Management Studies, Mumbai, India.

  • 10:00am -
    11:00am
    Working capital, cashflow optimisation and payments: oiling the wheels

    Working capital came into sharp relief during the pandemic as companies sought to maintain liquidity in the midst of falling demand and weaker credit conditions. Critical to oiling the wheels of liquidity, treasurers sought to rapidly activate and enable advances in digital payment processes, such as mobile wallets and QR codes in markets to short circuit the DPO and facilitate strong cashflow. In this session, panelists share their perspectives on which markets are growing in ubiquitous use of digital payments, which regulators are adopting digitisation of exchange control around digital identities, and the challenges in the e-signing of e-documents. We will also consider advances in mobile distributed information in areas such as building credit scores for financing, and use cases in the adoption of electronic payments instead of cheques, in local B2B markets. Critically we assess which of the measures adopted by the panel to facilitate liquidity are likely to stick when working capital and credit conditions normalise.

    Vanessa Manning

    Vanessa Manning, Independent Treasury and Financial Services Consultant, Accuryst

    Vanessa Manning
    Vanessa Manning Accuryst Independent Treasury and Financial Services Consultant

    Shafina Hamed

    Shafina Hamed, Banking Manager, EMEA & Americas, IATA

    Shafina Hamed
    Shafina Hamed IATA Banking Manager, EMEA & Americas

    Noor Shafina is the Banking Manager, Europe, Middle East, Africa & Americas, at the International Air Transport Association (IATA). She joined IATA in 2014 as the Banking Manager for Middle East & Africa handling 42 countries. Prior to joining IATA, she worked in private banking at Citibank in Singapore. She is currently based in Madrid, Spain. Shafina holds a M.Sc. in International Air Transport Operations & management from Ecole Nationale de l'Aviation Civile (ENAC) and holds a BSc in Finance & Economics from California State University. She has extensive working knowledge in Africa and Middle East and has been in the thick of the many solutions and challenges facing airlines’ ability to repatriate sales proceeds to their home countries.

    André Dias

    André Dias, CFO, JAP International | JAP Africa

    André Dias
    André Dias JAP International | JAP Africa CFO

    André is currently the CFO for JAP International Holding and is responsible for leading the trading company in Portugal (JAP Africa), as well as managing the Automatriz and Mobikey’s financial teams in Angola, Kenya, Tanzania and Uganda. He has been with JAP Group for 8 years and held positions as their Credit and Financing Manager, and their Credit and Collections Manager. Prior to JAP Group, André obtained experience within the Automotive and Banking Sector.

    Devyani Parameshwar

    Devyani Parameshwar, Head of Commercial M-Pesa Africa, Vodafone

    Devyani Parameshwar
    Devyani Parameshwar Vodafone Head of Commercial M-Pesa Africa

    Devyani Parameshwar is a Head of Commercial for M-Pesa at the Vodafone Group. Her team works alongside the leadership teams in Africa, to co-create M-Pesa’s product strategy, drive thought leadership and design new products across financial services, merchant and enterprise solutions and remittances. Prior to M-Pesa, Devyani worked on financial inclusion and social enterprise models based in India with the IFC and at Intellecap. Devyani has an MBA from London Business School and a double degree in Physics and International Relations from Wellesley College in the US.

    Franca Aeby

    Franca Aeby, Senior Cash Manager, Roche

    Franca Aeby
    Franca Aeby Roche Senior Cash Manager

    Franca Aeby has been working at Roche since 2014 where she first joined the Treasury back office department and has since then held various roles of increasing responsibility within Treasury as well as international assignments in Finance business partnering. Since 2017 she is working in Treasury Operations as a Senior Cash Manager, overseeing Middle East & Africa and is responsible for the Group’s short term liquidity planning. Franca Aeby holds a master degree (MSc) in business and economics from the University of Basel, Switzerland.

  • 11:00am -
    11:30am
    Virtual networking break

    Attendees are invited to take a break, schedule meetings with peers, visit sponsor booths, check out the library for industry resources and much more.

  • 11:30am -
    12:15pm
    Focus on funding in Africa: managing credit and liquidity risks in local markets

    Constrained external liquidity was exacerbated by the shock from the coronavirus pandemic. The risk of sovereign default is increasing across Africa. Maintaining optimal liquidity has been a concern for treasuries this year, and increasing FX controls might cause corporates to fund African operations from Africa. In lockdowns, businesses that had traditionally been creditworthy to lenders, from airlines to retailers, suddenly became high risk due to declines in demand. When otherwise solid businesses lost their credit facilities due to external factors, they felt questioned rather than helped by banking partners. How do banks assess credit risk under such unusual conditions? In this panel, banks discuss the challenges in managing credit risk in the current environment and share their market outlooks, and corporates talk about their financing strategies for Africa. Treasurers reflect on the different financing conditions in , and the strength of local debt and equity markets for corporates. Has capital flight provoked by the pandemic given renewed impetus to develop the African domestic corporate bond and loan markets?

    Shafina Hamed

    Shafina Hamed, Banking Manager, EMEA & Americas, IATA

    Shafina Hamed
    Shafina Hamed IATA Banking Manager, EMEA & Americas

    Noor Shafina is the Banking Manager, Europe, Middle East, Africa & Americas, at the International Air Transport Association (IATA). She joined IATA in 2014 as the Banking Manager for Middle East & Africa handling 42 countries. Prior to joining IATA, she worked in private banking at Citibank in Singapore. She is currently based in Madrid, Spain. Shafina holds a M.Sc. in International Air Transport Operations & management from Ecole Nationale de l'Aviation Civile (ENAC) and holds a BSc in Finance & Economics from California State University. She has extensive working knowledge in Africa and Middle East and has been in the thick of the many solutions and challenges facing airlines’ ability to repatriate sales proceeds to their home countries.

    Rahul Daswani

    Rahul Daswani, Group Finance Manager - International Financing Solutions, Strategy & Solutions, Global Financial Services, Microsoft Corporation

    Rahul Daswani
    Rahul Daswani Microsoft Corporation Group Finance Manager - International Financing Solutions, Strategy & Solutions, Global Financial Services

    Rahul Daswani is leading Microsoft’s financing initiatives for India & Middle East Africa. Finance professional having 19+yr’s work experience in treasury and corporate finance. Successful career with Ge-Capital, Nokia, Citibank and Microsoft across Asia & Africa Geographies. Proficient is working capital, cross border transactions, treasury and credit risk management. Comprehensive understanding of Process Management, Industry trends and Managing teams during disruptive change. Strong business skills beyond finance demonstrated via high impact cross-functional projects recognized by company & industry wide awards. Effective leader with strong interpersonal and communication skills.

    Roger Hutton

    Roger Hutton, Chief Risk Officer, Scania Group

    Roger Hutton
    Roger Hutton Scania Group Chief Risk Officer

    Roger Hutton has 20+ years’ experience in Finance and Risk Management working on strategic planning, budgeting and treasury management. He has worked for Multinational organisation for more than 10 years in Southern Africa and Latin America. He worked for 7 years in Brazil supporting the local and regional operations as Finance Director and Credit & Risk Director. He has served on Exco level and board level for several years. He is currently Acting CFO, for the Regional Operations of Scania Finance in Southern and East Africa.

    Mark Kalil

    Mark Kalil, Head of Syndicate Africa, Debt Capital Markets, CIB , Standard Bank

    Mark Kalil
    Mark Kalil Standard Bank Head of Syndicate Africa, Debt Capital Markets, CIB

    Mark has 28 years of experience across the African Capital Markets. He is an Executive with the Standard Bank Group, whom he joined in 1996. His roles have included leading Syndicate across the debt:equity spectrum for Investment Banking, Africa, and heading the International Equities Sales & Trading unit for Global Markets. He has built up trusted relationships with institutional investors across the African continent and placed many debut primary bond transactions for Supranational, Sovereign and Corporate issuers. He also worked for Standard Bank in New York, USA. Mark holds a Bachelor of Science (Mathematics) from the University of the Witwatersrand with first class pass in the Masters and Honours modules of Applied Mathematics: Options Pricing (Derivatives).

  • 12:30pm -
    1:15pm
    Cross border cash challenges, FX shortages and currency devaluations

    Accessing the FX markets and repatriating cash have always been a challenge in many areas of Africa. Regulations change often, liquidity shortages abound and central banks’ strategies vary.  During the pandemic this has become even more pronounced. A number of sovereign ratings in Africa have been downgraded, debt levels have soared, FX reserves have deteriorated and currencies have been devalued. As a result, cross border trade has become more challenging and more stringent FX controls might be on the horizon. Nigeria, Angola and Zambia, just to name a few, are some of the countries where treasuries are facing difficulties. In this session we hear how companies are managing in this complex scenario and we give an update on the key countries.

    Vanessa Manning

    Vanessa Manning, Independent Treasury and Financial Services Consultant, Accuryst

    Vanessa Manning
    Vanessa Manning Accuryst Independent Treasury and Financial Services Consultant

    Willem Scheepers

    Willem Scheepers, Director Corporate Finance & Treasury - Asia, Africa, NAMET & RUB, Unilever

    Willem Scheepers
    Willem Scheepers Unilever Director Corporate Finance & Treasury - Asia, Africa, NAMET & RUB

    Murat Balta

    Murat Balta, Regional Treasury Manager (AMEE), Global Treasury & Insurance, Heineken International B.V.

    Murat Balta
    Murat Balta Heineken International B.V. Regional Treasury Manager (AMEE), Global Treasury & Insurance

    Achraf Tahri

    Achraf Tahri, Regional Treasury Manager MEA, Nokia Corp

    Achraf Tahri
    Achraf Tahri Nokia Corp Regional Treasury Manager MEA

    8 years combined working experience in treasury and Financial controlling for international corporates in France, then joined Nokia in 2013 to strengthen EMEA Regional treasury team, currently based in Dubai, responsible for North Africa market treasury and structured finance topics. MSc Auditing, Management Accounting & Information Systems from SKEMA Business school Paris.

  • 1:30pm
    Close of Day 2