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Agenda

You are viewing the 2023 agenda, next year’s topics will be announced at the end of this year.

Moderated by:
  • Daniel Blumen

    Partner,

    Treasury Alliance Group LLC

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Moderated by:
  • Robert Novaria

    Senior EuroFinance tutor and partner,

    Treasury Alliance Group

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9:00am -9:10am

Opening remarks

  • Emma West

    Managing Director, EuroFinance & CPI

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    9:10am -10:00am

    Surviving the economy

    Suddenly it seems as if we are in a completely new era economically since this conference was last held in March 2022. Then, the pandemic was waning, inflation was low albeit rising, and rates were flat. Now, the economy has dramatically turned, with inflation running at a 40 year high, interest rates soaring and a recession looming. Global supply chains are disrupted by the lingering pandemic and energy and commodity prices are rocketing due to a tragic war in Europe. In this keynote session we analyze the forces shaping the global economy and their impacts on US growth companies, how long this all might last, and ask what interventions might be made by the Fed and central banks around the world to steady the rising tide of inflation and prices.

    • Daniel Franklin

      Executive editor,

      The Economist

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    • Nick Bloom

      Professor of economics,

      Stanford University

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    Moderated by:
    • Robert Novaria

      Senior EuroFinance tutor and partner,

      Treasury Alliance Group

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    10:00am -10:50am

    Treasury strategies to beat the downturn

    With a recession on the horizon and inflation rising in consecutive months throughout 2022, the priorities of the treasurer have suddenly dramatically shifted to an intense focus on driving efficiencies in costs, freeing up cash, slowing down capital investments, optimizing working capital, reviewing hedging strategies, analyzing cash investments, and strengthening liquidity buffers. This urgent to-do list has suddenly emerged into an inflation risk crisis management project. Many treasurers have never seen anything like this unless they were around in the 1980s when inflation and rates were higher than today. Today’s treasurers have been used to a stable and steady environment and are now facing unprecedented challenges that they have never had to deal with in their careers. With the US facing negative growth, and the prospect of a huge slowdown in both business and consumer spending, recession looms. Having come through the pandemic with some optimism that markets would rebound, treasuries are now focusing on developing strategies to survive the future. In this session leading treasurers discuss their survival strategies to get to the other side of this volatile economic environment.

    • Cathy Fields

      Assistant treasurer, sr. director of global risk management,

      Hitachi Vantara

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    • Zac Nesper

      SVP, Global head of treasury,

      HP inc.

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    • Debbie Kaya

      Senior director of treasury,

      Cisco Systems, Inc.

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    Moderated by:
    • Robert Novaria

      Senior EuroFinance tutor and partner,

      Treasury Alliance Group

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    10:50am -11:30am

    Networking break

      11:30am -12:10pm

      Fighting the immediate impact of inflation on treasury

      Inflation is already taking its toll on consumer spending with prices rising rapidly. The double whammy of higher interest rates is also making the cost of capital more expensive. Some treasurers are concerned that there is, at the extreme, potential for social unrest, and that the cost of living crisis is not going to be short-lived. With rising fuel prices and supply shortages across the globe, the rising cost of production and distribution, as well as higher prices, means that for treasury, the risk to cash and liquidity is all too real. Interest rate hedging across the treasury, including FX, cash investments, and other assets is now high on the agenda. In this session treasurers discuss the measures they are taking to mitigate the immediate impacts of inflation, and the collaboration across the business to limit ongoing inflation risks.

      • Arun Batra

        VP, treasurer,

        Bloom Energy

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      • Elizabeth Kwong

        VP treasurer,

        Autodesk

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      • Todd Yoder

        Global MD strategic finance and treasury,

        Fluor Corporation

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      Moderated by:
      • Daniel Blumen

        Partner,

        Treasury Alliance Group LLC

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      12:10pm -12:50pm

      eBAM build success: a tale of two cities

      Manual bank account management is a major pain point in modern treasury. In today’s increased regulatory environment, it is essential to have an efficient eBAM tool for storing, tracking and reporting on account information. For Treasurers grappling with unwieldy and unmanageable spreadsheets with thousands of data points and multiple signatories, manual BAM is unstainable and unscalable. Ready made eBAM solutions are available – but what if no current eBAM solution in the market can meet your specific needs? The answer for Salesforce was to build their own eBAM solution inhouse. This involved a treasury in San Francisco working in collaboration with software developers eight thousand miles, and 12 hours away, in Hyderabad on a complex digitisation project. In this case study the treasury team talks through their eBAM journey, the challenges they faced in account data management and solution development, the resources involved, the risk they reduced and the benefits they achieved through enhanced internal reporting and audit. The project is a success story of global collaboration of treasurers and technologists separated in distance but united in vision.

      • Samuel Vallotton

        VP, global treasury,

        Salesforce

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      • Linda Xu

        Senior treasury manager,

        Salesforce

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      • Dafina Hajrullahu

        Senior manager, treasury,

        Salesforce

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      Moderated by:
      • Daniel Blumen

        Partner,

        Treasury Alliance Group LLC

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      12:50pm -2:00pm

      Lunch

        2:00pm -2:40pm

        How embracing technology can transform your treasury’s future

        You have recently heard about tools such as ChatGPT take off which is making everyone rethink how organizations can leverage ML/AI and what that means to each industry. What is quantum computing and what does that mean for the world? You also have ongoing investment by many companies to move to the cloud using built in capabilities to create operational efficiencies and enhance processes. This has led many to leverage tools such as data visualization tools, low code no code solutions and RPA. In this session treasurers discuss how they are innovating, what they have implemented, what is the 3-5 year horizon plan for organizations, how do Treasury’s think big and embrace new tech and how investments are prioritized. This is a THINK BIG session about the future and innovation to help build your long term tech investment roadmap.

        • Jim Scurlock

          Senior director, assistant treasurer,

          Expedia Group

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        • Vidhi Jain

          Treasurer and head of global shared services,

          Qualtrics

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        Moderated by
        • Tahreem Kampton

          Managing Director, Wholesale Payment Solutions, J.P. Morgan

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        2:00pm -2:40pm

        Leveraging treasury risk technologies for operational efficiency and flexibility

        Change is the only constant in the current economy, where treasurers are increasingly achieving more with less. In today’s elevated risk environment, treasury leaders are driving new efficiencies in their risk management programs, helped by recent advancements in technology.  By leveraging new tools, including automated workflows, treasury teams are now able to better facilitate data-driven decisions on risks for key stakeholders in the company. In this panel, we will hear case studies from leading treasury practitioners at Magna International, Under Armour, and ZimVie, on how they optimised risk systems technologies to deliver greater efficiencies in operations and better financial outcomes.

        • Jeffrey Cooper

          Director, foreign exchange and risk, Magna International

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        • Kevin Fay

          Associate director, treasury, Zimvie Inc.

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        • Cameron Bengel

          Sr. manager global risk management and capital markets, Under Armour

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        Moderated by:
        • Amol Dhargalkar

          Managing partner, chairman, Chatham Financial

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        2:40pm -3:20pm

        The impacts of inflation, financial market volatility and macro uncertainties on cash forecasting

        With inflationary pressures and prices rising rapidly in domestic and international markets, the cash flowing in and out of the business in terms of increased costs and higher prices is changing the fundamentals and dynamics in cash forecasting formulae. As a result of inflation, rising interest rates, volatility in foreign exchange and risks of recession add new levels of complexity to cash forecasting. The opportunity to review cash forecasting models given the inflationary environment is now. In this session treasurer’s talk through the changes that are occurring in cash forecasting due to the inflationary environment, the tools they are developing to ensure visibility and accuracy, and how this is reflected in revised cash forecasting and in consolidated reporting.

        • Priti Kartik

          Head of treasury,

          Crowdstrike

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        • Guillermo Viveros

          VP, treasurer,

          Infoblox

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        • Jean Furter

          Treasurer,

          Poly 

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          3:20pm -4:00pm

          Networking break

            3:20pm -4:00pm

            Networking break

              4:00pm -4:40pm

              Is now the time to hire more technologists in the treasury?

              When we think of treasury we think of financial experts, yet increasingly treasury is populated with technical experts and software engineers that can build out optimal systems internally and can develop, maintain, evolve and change the treasury systems to meet changing business needs and treasury practices as the company grows. So should treasurers be hiring more treasury technologists in the team? In this session, we invite treasurers who have done just that to discuss how they identified technical talent to meet their needs , and discuss the benefits that tech savvy treasury professionals have brought to treasury management and business growth.

              • Matt Martin

                Senior treasury manager,

                Shopify

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              • Stefan Jensen

                VP, treasurer Americas,

                Sephora

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              • Vidhi Jain

                Treasurer and head of global shared services,

                Qualtrics

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                4:00pm -4:40pm

                Is it time to review your hedging strategies?

                With a strong dollar and rising rates, FX markets are becoming a little more unpredictable than in the recent past. The business objective is to reduce volatility as a result of foreign exchange, so hedging exposures in foreign currencies is a strategy that treasurers are now actively engaging, where previously there was no requirement for FX hedging. Yet the cost of hedging can sometimes be prohibitive especially in exotic currencies, or where exposures are not significant, but for major currencies there can be advantages in locking in rates against market fluctuations. In this session, treasurers discuss their decision making around hedging strategies, the process by which they review hedging and the tools they use to measure the effectiveness of FX hedging. We also look at automatic hedging and ask how this is best utilized in FX transactions.

                • Sarah Alloy

                  Director, capital markets and treasury,

                  Prologis

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                • Jacqueline Pagano

                  Head of treasury,

                  Logitech, Inc.

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                • Rene Bustamante

                  Staff VP and assistant treasurer, global cash management,

                  FedEx Corporation

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                  4:40pm -5:20pm

                  FX automation: a post merger workflow win

                  Manual multi-country and multi-currency FX trades that require keying into banking templates and various systems are just one task that treasurers at Keurig Dr Pepper (KDP) can tick off the daily ‘to do’ list, now that they have successfully automated the process in their post-merger shake up of treasury processes. Whilst the treasury team halved in the merger, the new lean structure gave focus to ‘more with less’ efficiency gains, by eradicating cumbersome unstandardised and disparate processes into a coherent integrated systems approach. Gone are legacy modules, old spreadsheets and form templates, and in came a modern treasury risk management system with cash management and FX capabilities. The net benefit to treasury is an automated process with no manual errors, over 130 hours of data entry time eliminated, with cash settlement and FX trades timely automated, saving the company cash in penalty fees. Transaction volumes have also increased, and with FX hedging and hedge accounting, risks are reduced and reporting is accurate and automatic. In this case study the team talk through the pains and gains, and glance at the next steps for greater wins.
                    4:40pm -5:20pm

                    World Bank: triple A-rated bonds for sustainable development

                    The World Bank Treasury issues around $50 billion in bonds (under the name of International Bank for Reconstruction and Development (IBRD)) every year to mobilize financing from private capital markets. Funds are used to support sustainable development activities in middle income countries across the globe. In recent years, this has included efforts to tackle overlapping crises that developing countries are facing —from war, surging food and energy prices, to the effects of climate change. Please join this session to learn more about the World Bank, the impact it is creating, the investment opportunities it offers in the current rising rate environment, and how your treasury can help support the mission by earning a financial and social return on its investment portfolio.

                    • Akinchan Jain

                      Head of asset and liability operations,

                      World Bank Treasury

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                      5:20pm -6:50pm

                      Networking reception

                        Sponsored by
                        5:20pm -6:50pm

                        Global Treasury Americas West Coast | Networking Reception Sponsored by Visa

                        Visa invites you to unwind, network with peers and enjoy food and drinks at the networking reception.

                          Networking reception sponsor
                          5:20pm -6:50pm

                          Drinks reception

                            Moderated by:
                            • Robert Novaria

                              Senior EuroFinance tutor and partner,

                              Treasury Alliance Group

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                            • Daniel Blumen

                              Partner,

                              Treasury Alliance Group LLC

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                            Moderated by:
                            • Robert Novaria

                              Senior EuroFinance tutor and partner,

                              Treasury Alliance Group

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                            Moderated by:
                            • Daniel Blumen

                              Partner,

                              Treasury Alliance Group LLC

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                            8:00am -9:10am

                            Exhibition opens - light breakfast

                              9:10am -9:50am

                              Deploying the explorers’ mindset for corporate strategy and finance

                              The pace of technology-fuelled change has never been quicker.  We’re seeing new industries and billion dollar class opportunities emerge in the blink of an eye.  From air taxis to AI-created symphonies, energy transition to customized medicine, more will be created in the next few years than has ever existed.  To compound these disruptions customer sentiment has recently and dramatically changed in virtually every demographic. This keynote shares a few examples of the incredible pace of technology developments while engaging the audience in a discussion of how best to allocate resources, plan, and build in the face of constant, accelerating societal, technological, and corporate disruptions.

                              • Amish Parashar

                                CEO,

                                Explorers’ Lab

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                                9:50am -10:30am

                                Treasury and transaction services in today’s economy

                                As the economy evolves into a new phase into 2023, treasury and transaction services also evolve to meet the new needs of clients today. How services evolve is a process of listening to treasurers and treasury to understand what helps now, and how treasury services can collaborate with treasurers to create solutions. From greater, real time cash visibility to instant liquidity and capital solutions, to bank account management and real time payments, services are in a constant process of continual improvement and optimisation to meet clients specific needs. In this session banks and treasurers discuss how they create treasury and transaction services together, and how changes in today’s economy are focussing minds on evolving solutions.

                                • Derrick Walton

                                  GTS head of emerging payments and innovation,

                                  Bank of America

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                                • Larson McNeil

                                  Executive director, marketplaces and digital ecosystems, payments,  J.P. Morgan

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                                • Greg Bloh

                                  CEO,

                                  Transcard

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                                  10:30am -11:10am

                                  Networking break

                                    11:10am -11:50am

                                    Remote vs hybrid vs office: the work/ life debate

                                    Hybrid working is now the norm in many companies and the shift in working patterns and practices is the lasting legacy of the pandemic on the global workforce. Yet as the pandemic recedes and working life normalizes, the question for many companies and employees is what is the optimal balance between office, hybrid, and remote working now? Whilst the cloud technologies are in place to enable effective treasury operations in remote situations, there is also the view that colleagues might more effectively collaborate on new treasury projects through in-person meetings. In this session, treasurer’s talk about their team structures and the processes they have developed around hybrid and remote working. A key consideration in this is the decentralization of operations, and the commercial office space that the treasury does or does not require. For new talent too, the liberation from the office, and the city, means the treasury can recruit from a wider geographical talent pool. We compare different treasury models of work to see what has been effective and what the future might look like in terms of how treasury teams work together.

                                    • David Watt

                                      Head of treasury,

                                      Sonder Inc.

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                                    • Robert Lau

                                      Treasurer and head of real estate and workplace,

                                      Informatica

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                                    • Bruce Edlund

                                      Group director, assistant treasurer,

                                      Cloud Software Group

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                                      11:10am -11:50am

                                      Crypto crash: but is there a phoenix coin in the ashes?

                                      The great crypto crash of the summer of 2022 saw bitcoin lose 70% of its value, and has left many decentralized finance advocates in the industry in a corner, holding uncertain crypto assets of volatile value. Some think that the market will rebound and surpass previous highs, whilst others, who have maintained a degree of skepticism around the asset class, feel that it is just yet another signal that the fundamentals are weak. The development of central bank digital currencies (CBDCs), with Fed-backed stablecoins, might be a gamechanger in the development of digital dollars, with US regulators supporting the Fed to develop CBDCs for current markets. How this will all fall out is still yet unknown, but we can seek to know how companies and their treasurers will position around any US CBDC, or other stablecoins. In this session generative AI speaker, Prudence Cloud will join treasury leaders to discuss their thinking and strategy around cryptocurrencies, stablecoins, and other digital assets as both investments and stores of value, and as instruments of payment.

                                      • Todd Yoder

                                        Global MD strategic finance and treasury,

                                        Fluor Corporation

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                                      • Prudence Cloud

                                        Thought leader and digital disrupter

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                                        11:50am -12:30pm

                                        Treasury technology investments: The future is here!

                                        The acceleration of corporate process change, behavior and investment trajectories have shifted dramatically over the past 3+ years. The pandemic was in large part an igniter of the true need to invest and innovate. Remote technology, move to cloud-based systems, better capabilities to manage client relationships are just a few of the many shifts we have seen—with more to come.  We are really at the end of the beginning with a return our new business as usual, hybrid work, doubled focus on API’s as a liberator for companies and legacy platforms, etc. The name of the game is digitization—and we all want to make the right play for the future. In many ways, the future is here, but we simply need to focus on the right plays that will scale and give us all the efficiencies we need now and into the next 5-10 years. We will discuss the tailwinds that got us here and the headwinds impacting investing ahead. In this session we will discuss whether now is the time to be accelerating investments in treasury technologies balanced against challenges in costs and simply play a “fast follower approach”. This is a must-see session for treasurers leading our industry.

                                        • Sonia Shah

                                          Head of treasury, Juniper Networks

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                                        • Rafif Ismail

                                          Treasurer, Stanford Health Care

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                                        Moderated by:
                                        • Lamar Berry

                                          Head of B2B channel sales,

                                          Visa

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                                        11:50am -12:30pm

                                        On time treasury: Do you need it and are you ready?

                                        Today’s treasurers are transitioning to a digitally enhanced, interconnected ecosystem driven by data. On-time treasury is the technology driven acceleration of operational workflows that support a continuous, on-demand, always on process under near constant monitoring.  It involves the combination of the evolution of technology, data analytics and practical application to accelerate automation thereby enabling on-time to take hold.

                                        • Jim Scurlock

                                          Senior director, assistant treasurer,

                                          Expedia Group

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                                        • Brian Zarahn

                                          Director of capital markets,

                                          Palo Alto Networks

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                                        Moderated by:
                                        • Michael Bosacco

                                          Head of advisory, global transaction services,

                                          Bank of America

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                                        12:30pm -1:40pm

                                        Lunch

                                          12:30pm -1:40pm

                                          Lunch

                                            12:30pm -1:40pm

                                            Lunch

                                              1:40pm -2:20pm

                                              Risk management tools to navigate uncertainty

                                              Systems and processes within the treasury to manage and mitigate risk scenarios are in sharp focus in the current economic environment. Whilst we have discussed risk mitigation strategies, the focus is on how to set up warning systems and dashboards so that treasury and the business can see any threats to cash and liquidity positions in developing real-time scenarios. Understanding where liquidity risks might come from and what to do to mitigate risk, is critical and at the treasury’s raison d’etre. The risk management framework is a project which is under constant review, where the treasurer works closely with business partners to constantly evolve and develop processes to limit liabilities. In this session we discuss how the business and treasury work together to develop such frameworks to create bulletproof risk management systems.

                                              • Sayan Mukherjee

                                                VP, group treasurer,

                                                Nexperia

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                                              • Lee-Ann Perkins

                                                Assistant treasurer,

                                                Specialized Bicycle Components

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                                                2:20pm -3:00pm

                                                Cash repatriation: is the moment now?

                                                The revised tax environment for offshore funds has meant that many US companies are transferring their foreign capital pools back into US accounts. Now however, with a strong dollar the price of repatriation of funds is increasing as FX rates rise. So is now the right time to repatriate foreign cash and securities? For some treasurers in need of liquidity in US businesses, the answer to that question will be yes. In this session treasurer’s discuss their strategies and processes for cash repatriation to achieve greater pools of accessible working capital for the business and stronger liquidity buffers as rates rise in US markets.

                                                • Regina Ochev

                                                  SVP, treasury,

                                                  Prologis

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                                                • Bruce Edlund

                                                  Group director, assistant treasurer,

                                                  Cloud Software Group

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                                                  3:30pm -4:30pm

                                                  Roundtables

                                                  Open forum format around a table with an expert moderator to discuss ideas together. Choose your topic of choice from:

                                                  1. Future of money: crypto, NFTs and CBDCs
                                                  2. ESG and sustainability
                                                  3. FX and hedging risk
                                                  4. Managing working capital and payments economics in a dynamic economy
                                                  5. APIs and technology investment
                                                  6. Recruitment and building treasury teams
                                                  7. Diversity and inclusion
                                                  Moderated by:
                                                  • Jori McCuskey

                                                    Director, treasury, Magnite

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                                                  • Alan Koenigsberg

                                                    SVP, global head of treasury and working capital solutions, 

                                                    Visa

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                                                  • Robert Novaria

                                                    Senior EuroFinance tutor and partner,

                                                    Treasury Alliance Group

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                                                  • Daniel Blumen

                                                    Partner,

                                                    Treasury Alliance Group LLC

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                                                  • Bruce Edlund

                                                    Group director, assistant treasurer,

                                                    Cloud Software Group

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                                                  • Todd Yoder

                                                    Global MD strategic finance and treasury,

                                                    Fluor Corporation

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                                                  4:30pm

                                                  Conference ends

                                                    8:00am -9:00am

                                                    Registration and light breakfast

                                                      2:00pm -5:20pm

                                                      Conference breaks into tracks

                                                      Delegates can choose between two different tracks. Please see the track tabs at the top of this page.

                                                        3:20pm -

                                                        Networking break

                                                          11:00am -1:00pm

                                                          Conference breaks into tracks

                                                          Delegates can choose between two different tracks. Please see the track tabs at the top of this page.

                                                            5:00pm

                                                            Conference close