Agenda
You are viewing the 2024 agenda. The agenda for the upcoming event will be announced at the start of 2025.
Examine the factors shaping the US economy and how to respond to risk and uncertainty whether by streamlining operations, new cash management strategies or utilising technology from AI to APIs.
Learn how other treasurers are raising capital and managing their cash flows in the current economic environment.
Gain practical guidance on how to manage operational challenges in the region. Topics include FX, cross border payments, near-shoring business operations and supplier and trade financing.
Moderated by:
-
Daniel Blumen
Partner,
Treasury Alliance Group
Daniel Blumen
Partner,
Treasury Alliance Group
Daniel L. Blumen, CTP is a founding partner of Treasury Alliance Group where he leads consulting engagements dealing with working capital management, systems integration, liquidity and risk management and other global treasury issues. Prior to co-founding Treasury Alliance in 2002, he was Managing Director of Knowledge Management Applications, a firm he founded in 1998. Dan was with Bank of America in Chicago and Singapore, where he managed the ASEAN region of the Global Payment Services Group. He also worked for Citibank in Chicago and in London where he had pan-European management responsibility for cash management business development. He has worked with large multinationals and emerging international companies and shares his experience as an author and as a frequent speaker at cash management gatherings worldwide.
Registration and breakfast
Welcome address
-
Emma West
Managing director,
EuroFinance and CPI
Emma West
Managing director,
EuroFinance and CPI
May 29th 2024-
09:00am -9:10amWelcome address
-
Economic factors shaping the US economy in 2024
The U.S. economy has been on a positive recovery path since the waning of the pandemic, with inflation more than halving from a high of 9 percent in 2022 to 3 percent today. Yet the economy is still vulnerable to a downturn and recession, as further Federal Reserve rate rises to combat underlying inflationary pressures might further dampen economic activity as borrowing costs rise, with growth projected at 1.9 percent for 2024. Slowing global growth might drag on US exports leading to a potential slowing of domestic growth, and the ongoing trade war with China could also weigh negatively on the economy. On the positive side, low unemployment rates, wage rises and strong consumer spending, all point to steady growth in the year ahead. As the economy stabilises into 2024, increased business confidence and investment, will mean that treasury is likely to support new business growth as companies move through the new economic cycle. The outcome of the presidential election later in 2024 might impact economic policy, although unlikely to feed negatively into short term financial forecasts. In this session, we discuss the macroeconomic factors that might impact the economy, business forecasts in the year ahead and strategies to manage risk in both upside and downside scenarios.
-
David Andolfatto
Professor and chair, department of Economics, MHBS,
University of Miami
David Andolfatto
Professor and chair, department of Economics, MHBS,
University of Miami
May 29th 2024-
09:10am -9:50amEconomic factors shaping the US economy in 2024
A native of Vancouver, he earned his Ph.D. in Economics at the University of Western Ontario in 1994. He held professorial appointments at the University of Waterloo and Simon Fraser University before joining the Federal Reserve Bank of St. Louis in 2009 as a Senior Vice President and advisor to the president. In 2022, he joined the Miami Herbert Business School at the University of Miami where serves as a Professor and Chair of the Economics Department.
-
Moderated by:
-
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Bob has more than 30 years of corporate treasury experience in the roles of treasurer, credit director, finance manager and controller at BP America and Amoco Corporation. He has successfully managed post-acquisition integrations, technology upgrades and corporate restructurings. Currently, Bob is a partner with the Treasury Alliance Group, leveraging his corporate experience in client engagements dealing with global treasury, risk and crisis management; cash management and cash flow forecasting; working capital management; shared service operations and general management. He also shares his experiences by tutoring others in courses such as international cash and treasury management, corporate risk management and cash flow forecasting, as well as by chairing, moderating and speaking at treasury conferences worldwide.
Risk, uncertainty and predictions for 2024/2025
The famous statistical adage that the only certainty is uncertainty holds true in corporate finance and treasury risk today. From the uncertainties of geopolitics and global trade and supply disruptions to domestic uncertainties in interest rates, inflation and a potential recession, uncertainties in the financial system and foreign exchange, rapid evolution of finance technologies, cyber-attacks, fraud and AI, and how climate change will alter markets. In the face of all these uncertainties and risks come great opportunities for corporate finance and treasurers to differentiate themselves by focusing on what matters most – cash flows, forecasts, liquidity planning and working capital provisions. So how do leading finance executives develop risk mitigation strategies and monitor in real time? What technologies can be deployed to create risk warning systems and how is data collected and analyzed to proactively identify and develop mitigating actions? In this session finance executives from leading global companies discuss their risk outlook and how they work with bank partners to make the uncertain a little more certain.
-
Mack Makode
VP, treasurer,
Under Armour
Mack Makode
VP, treasurer,
Under Armour
May 29th 2024-
09:50am -10:30amRisk, uncertainty and predictions for 2024/2025
Mack Makode is Vice President and Treasurer for Under Armour. Mr. Makode was appointed to his current position in April 2018. As Treasurer, Mr. Makode is responsible for capital markets, FX and interest rate risk management, working capital optimization, cash forecasting and treasury operations.
Prior to joining Under Armour, Mr. Makode worked at Mylan for almost 3 years as Vice President and Asst. Treasurer, and General Electric (GE) for almost 10 years, holding progressive leadership positions including Treasurer of two GE Businesses (combined assets ~$70B) with promotion to Asst. Treasurer of GE’s largest operating units (Industrial businesses) with $250+B assets in >130 countries. In these roles, Mr. Makode was responsible for FX, interest rate and commodity hedging strategies and hedge accounting, liquidity analysis and management, traditional and alternate funding, cash flow and working capital management, M&A evaluation and integration, and cash and bank account management.
Mr. Makode received his Ph. D. in Structural Engineering from The Johns Hopkins University and MBA in Finance and Marketing from The Wharton Business School. Mr. Makode was a professional badminton player early in his career.
Mr. Makode lives in Clarkesville, MD with his wife and has two sons.
-
-
Todd Yoder
EVP and chief financial officer,
S&B USA
Todd Yoder
EVP and chief financial officer,
S&B USA
May 29th 2024-
09:50am -10:30amRisk, uncertainty and predictions for 2024/2025
Todd Yoder serves as Executive Vice President and Chief Financial Officer at S&B USA, one of the fastest growing infrastructure development companies and a dominating force in the United States public-private partnership (P3) sector developing and building some of the most complex infrastructure projects. Mr. Yoder has nearly two decades of experience in corporate finance with multinational corporations, most recently serving 12 years with Fluor Corporation, following finance leadership roles with Elevance Health (NYSE: ELV), Zimmer Biomet (NYSE: ZBH), and Capitol Bancorp Ltd. (NYSE: CBC). Yoder is a frequent guest speaker at economic and corporate finance events throughout the world hosted by the Economist, Bloomberg, Association for Financial Professionals (AFP), Reuters, McKinsey & Company, and is often cited in print and online media. Yoder serves on the board of directors of the North Texas Food Bank and holds three university degrees including two undergraduate degrees from Indiana University and Goshen College, and a graduate degree from the University of Notre Dame where he earned his MBA with academic honors.
-
-
Mandana Sadigh
SVP and treasurer,
Mattel Inc.
Mandana Sadigh
SVP and treasurer,
Mattel Inc.
May 29th 2024-
09:50am -10:30amRisk, uncertainty and predictions for 2024/2025
Mandana Sadigh serves as the Senior Vice President and Corporate Treasurer of Mattel. She is responsible for all aspects of global treasury operations, capital investment policy, global insurance, and risk management. She has over 30 years of experience at Mattel leading corporate finance and strategy functions, serving as the Divisional CFO for the largest segments of the business. Earlier in her career, Mandana held a variety of roles in corporate banking. She is a member of Mattel’s Administrative Committee, responsible for overseeing Mattel’s retirement, 401(k) and deferred compensation plans. Mandana is the President and member of the Board of Directors of Far West Insurance Company, a subsidiary of Mattel, Inc. She sits on the Board of The Toy Association, where she serves on the Investment Committee. Mandana is also a member of Bank of America’s Global Corporate Advisory Board.
-
Moderated by:
-
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Bob has more than 30 years of corporate treasury experience in the roles of treasurer, credit director, finance manager and controller at BP America and Amoco Corporation. He has successfully managed post-acquisition integrations, technology upgrades and corporate restructurings. Currently, Bob is a partner with the Treasury Alliance Group, leveraging his corporate experience in client engagements dealing with global treasury, risk and crisis management; cash management and cash flow forecasting; working capital management; shared service operations and general management. He also shares his experiences by tutoring others in courses such as international cash and treasury management, corporate risk management and cash flow forecasting, as well as by chairing, moderating and speaking at treasury conferences worldwide.
Networking break
Cash management and forecasting strategies: pooling and intercompany netting in the region
The extent to which treasurers can successfully manage and execute intercompany transactions between different entities within the same corporate group, can make a positive difference in supporting business growth. A core strategy in central cash management across treasury operations, treasurer’s are focussed on the efficient execution of cash pooling and intercompany netting, to reduce cash flow volatility by offsetting payments between different entities. Netting, including payments, loans, and transfers of cash, can also reduce transactions and costs, improve cash visibility and enhance liquidity by providing cash where it is needed, improving overall cash flow management and forecasting. Yet across the group, working in multiple jurisdictions in the region, legal and regulatory compliance issues can be complex and potentially introduce new risks. In this session, treasurers discuss their intercompany pooling and netting strategies in the region, especially in managing ‘trapped’ pools of liquidity, and the tools that improve efficiency in their execution. Treasurers will also reflect on how their cash management strategies impact cash visibility and the tools that help produce strategic cash forecasting.
-
Connie Miner
SVP, global head of treasury,
News Corp
Connie Miner
SVP, global head of treasury,
News Corp
May 29th 2024Connie Miner is SVP, Global Head of Treasury at News Corp, where she manages all aspects of the Treasury function across the company. She started at News Corp in April of 2020 as VP, Assistant Treasurer.
Prior to joining News Corporation, Connie was Assistant Treasurer at Capri Holdings Limited (“CHL”) and was with the company for almost six years. During this time, Connie assisted in securing financing to fund the acquisitions of Jimmy Choo and Versace and was responsible for global treasury operations.
Previous to joining CHL, Connie worked on the Corporate Treasury team at The Scotts Miracle-Gro Company and started her career at Greif, Inc., both in the Global headquarters in Ohio and the South American headquarters in Brazil.
Connie is a Certified Treasury Professional, holds a Global MBA from the University of North Florida and a consortium of European universities, and graduated from The College of New Jersey with a B.S. in Finance and minor in International Business.
-
Tamara Saront-Eisner
Treasure
r and vice president, mergers and acquisitions, Americas Hub, Air Liquide
Tamara Saront-Eisner
Treasure
r and vice president, mergers and acquisitions, Americas Hub, Air Liquide
May 29th 2024Tamara Saront-Eisner leads Treasury and M&A for the Americas Hub at Air Liquide, an international Fortune500 French company and the world leader in industrial gasses. This Hub represents more than 40% of the group’s consolidated revenue.Tamara joined Air Liquide in 2015 as VP and Treasurer with responsibility over treasury functions in all the Americas, with special focus on cash management, trade finance, risk management, regulation, pensions, intercompany lending and project review support. Her responsibilities also include domestic, international cash pooling, forecasting, banking and foreign exchange and commodity price risk management. In 2021, she has been promoted to be responsible for M&A as well, overseeing acquisitions and divestitures for the region.Tamara came to Air Liquide from Repsol, an integrated oil and gas company headquartered in Spain. She held strategic and operational finance positions in international and domestic assignments. She developed a successful career with Repsol that started in Buenos Aires, Argentina. Tamara gained increasing responsibilities and was part of the first group of executives to start operations in the US as the local CFO. She was later promoted to Regional Treasurer, covering the US and Canada. She has been recognized as one of “Houston’s 50 Most Influential Women” of 2016 by Houston Women Magazine. She currently serve in the board of the Association of Financial Professional (AFP), a national non-for-profit association for treasurer and financial professional. In 2017, she was President of the Houston chapter of Women’s Energy Network, a 29-year-old non-profit organization focused in promoting and fostering professional women in the energy industry. Tamara is passionate about helping and mentoring others. She is focused on promoting STEM (Science, Technology, Engineering and Mathematics) participation by girls and regularly shares time in Air Liquide’s diversity groups.She received her B.A. in Economics from University of San Andres, Argentina and her MSc in Economics from the London School of Economics (LSE), UK.
-
Vincent Joseph
Assistant treasurer – capital and liquidity,
TechnipFMC
Vincent Joseph
Assistant treasurer – capital and liquidity,
TechnipFMCMay 29th 2024Vincent Joseph currently serves as the Assistant Treasurer at TechnipFMC, where he oversees all aspects of capital and liquidity across the company. He started at TechnipFMC in April of 2008 as North America Onshore Controller. During his tenure at TFMC, Vincent has held various leadership positions in France, the UK and the US mainly in finance operations and FP&A before transitioning to treasury 3 years ago.Prior to joining TechnipFMC, Vincent was North America Wireline Controller at Schlumberger and was with the company for almost ten years. During this time, Vincent held various finance positions in manufacturing, consolidations and field operations.Vincent received his Executive MBA from Erasmus University (Rotterdam School of Management) and MBA in finance from INSEEC Business School in Bordeaux.
Moderated by:
-
Daniel Blumen
Partner,
Treasury Alliance Group
Daniel Blumen
Partner,
Treasury Alliance Group
Daniel L. Blumen, CTP is a founding partner of Treasury Alliance Group where he leads consulting engagements dealing with working capital management, systems integration, liquidity and risk management and other global treasury issues. Prior to co-founding Treasury Alliance in 2002, he was Managing Director of Knowledge Management Applications, a firm he founded in 1998. Dan was with Bank of America in Chicago and Singapore, where he managed the ASEAN region of the Global Payment Services Group. He also worked for Citibank in Chicago and in London where he had pan-European management responsibility for cash management business development. He has worked with large multinationals and emerging international companies and shares his experience as an author and as a frequent speaker at cash management gatherings worldwide.
Roundtables
Interactive, moderated roundtable discussions, providing the opportunity to share experiences and learn from speakers and peers that share your priorities.
- CASH: Cash management and forecasting practice and trends in treasury in the region
- FX: FX, hedging and risk in US, Lat Am and international markets
- PAYMENTS: Improving payments and receivables processes and practice in domestic and cross border transactions
- OPS: Operational challenges for treasury, including managing centralised and regionalised functions and teams across the region
- TECH: Technology for treasury – the promise and challenges of AI, APIs and automation and their current applications
- LIQUIDITY: Financing and liquidity challenges including working capital, RCF, bonds, loans, sustainable finance and money markets
- MARKETS: Economic outlook and risk in regional markets, including macro and fiscal environments, inflation, rates and growth trends
- COMPLIANCE: Treasury compliance, tax and KYC and ESG requirements in US and regional markets for companies and subsidiaries
-
Tai Carr-Fraser
Senior director, assistant treasurer,
Capri Holdings Limited
Tai Carr-Fraser
Senior director, assistant treasurer,
Capri Holdings LimitedMay 29th 2024-
12:00pm -1:00pmRoundtables
Tai Carr-Fraser serves as Senior Director, Assistant Treasurer at Capri Holdings Limited. In this role, Tai oversees the Treasury department, managing global operations for renowned brands such as Versace, Jimmy Choo, and Michael Kors. With a Certified Treasury Professional credential and 15 years of experience, Tai demonstrates expertise in cash management, FX hedging, liquidity, and working capital management.
Tai is committed to fostering excellence within her teams, providing pivotal guidance to the Treasurer, and spearheading various global initiatives including bank consolidation and treasury technology implementations. Tai’s responsibilities encompass a wide range of tasks, including cash flow forecasting, debt management, compliance, and talent development. With meticulous attention to detail and strategic foresight, she ensures the effective execution of financial strategies while nurturing robust relationships with financial institutions and stakeholders.
Tai’s dedication extends to actively engaging in diversity and inclusion programs. She serves as Treasurer for Capri’s Scholarship Foundation and the employee resource group, BOLD, contributing to positive change both internally and externally. Driven by a passion for impactful change, Tai aspires to leave a lasting positive legacy in every role and organization she serves.
-
-
Albert Pla Arasa
Global head of eFX sales,
BBVA
Albert Pla Arasa
Global head of eFX sales,
BBVA
May 29th 2024-
12:00pm -1:00pmRoundtables
Albert Pla is the Global Head of eFX Sales at BBVA. In this role, he is globally responsible for the commercial distribution of FX products through electronic platforms. Recently, Albert has been leading the development of the digital FX environment in Latin America through the creation of various regional platforms and liquidity solutions for corporates.
He has 14 years of experience at BBVA, where he also worked in the Global Markets Strategy and Business Development and Global Operations departments. Prior to that, Albert worked at KPMG in Financial Institutional Audit.
Albert holds an MSc in Financial Options & Futures from the Instituto de Estudios Bursatiles (IEB) in Madrid and a Masters in Economics from the Universitat Pompeu Fabra in Barcelona.
-
-
Arijit Dasgupta
Assistant treasurer
Viatris
Arijit Dasgupta
Assistant treasurer
Viatris
May 29-
12:00pm -1:00pmRoundtables
-
04:40pm -5:20pmWorking capital against inflationary pressures
-
-
Daniel Fleming
VP assistant treasurer,
Circana
Daniel Fleming
VP assistant treasurer,
Circana
May 29-
12:00pm -1:00pmRoundtables
-
04:40pm -5:20pmWorking capital against inflationary pressures
Dan Fleming is a distinguished professional with a wealth of experience in treasury management, capital markets, and financial consulting. Dan has successfully led treasury functions at prominent retailers including Nordstrom and Target, demonstrating a strategic focus on capital allocation, liquidity forecasting, and the optimization of working capital.Before working in the retail sector, Dan made significant contributions to the financial services industry as an investment banker at J.P. Morgan. His tenure in this role equipped him with a deep understanding of capital markets, M&A and honed his skills in financial analysis and strategic decision-making.In addition to his corporate roles, Dan has applied his expertise as a consultant for various SAP implementations, showcasing his versatility in navigating complex financial systems and driving operational efficiency.Dan holds a Bachelor of Science degree in Computer Information Systems from Indiana University and an MBA from Northwestern University’s Kellogg School of Management. Recognized for his industry leadership, Dan has contributed to the field as a treasury conference planning task force member for events held in 2018, 2021, 2022, specifically focusing on payments.
-
-
Bruce Edlund
Group director, assistant treasurer,
Cloud Software Group
Bruce Edlund
Group director, assistant treasurer,
Cloud Software Group
Bruce Edlund is Senior Director, Assistant Treasurer at Citrix Systems, Inc. based in Fort Lauderdale, Florida. Mr. Edlund manages a global team of four who are responsible for cash and liquidity management, investments, cash flow and balance sheet hedging, bank relationships and stock buyback. Mr. Edlund has over 14 years of treasury experience as Assistant Treasurer at DIRECTV Latin America, Senior Corporate Treasury Manager at Citrix, Director of Global Cash Management at Walmart Stores, Inc. and returning to Citrix in 2014. His experience in very different-sized companies in different industries has given Mr. Edlund a wealth of experience into different ways of tackling treasury’s challenges. Prior to corporate treasury, Mr. Edlund worked for five years in investment banking in Latin America, primarily at Bank of America. Mr. Edlund has a MBA from Thunderbird School of Global Management where he maintains ties and has been a regular guest judge for their FORAD finance competition. He also has B.A. degrees in Economics and French from California State University, Sacramento. After studying, living and/or working in France, Switzerland, Belgium, Spain and South America, Mr. Edlund speaks French and Spanish. With his work in Latin America along with living in South Florida for 13 years, he is conversant in Spanish.
-
Mike Sheehan
Director, international cash management sales,
BNP Paribas
Mike Sheehan
Director, international cash management sales,
BNP Paribas
May 29th 2024-
12:00pm -1:00pmRoundtables
Mr. Sheehan is the Director, International Cash Management Sales for BNP Paribas’ Industrial, Transportation and Healthcare clients. With 15 years of experience advising on working capital efficiencies, Mike lends a valuable and friendly voice to the art of Treasury Management.
-
Lunch
Latin America: growth in 2024
Whilst the region will underperform a resilient US economy in 2024, variable factors shaping the economies of Latin America, especially Mexico, Brazil, and Argentina, will play out in the year ahead. Both positive and negative economic forces at play in Latin America will determine growth in 2024, forecast at 2% by the IMF. The Fund forecasts the major economies of Mexico and Brazil will grow by 2.4% and 2.2%, with Argentina declining by 2.8%. As global growth slows in 2024, Latin America will likely see a decline in exports and commodity prices, whilst ongoing political instability might lead to some economic uncertainty and discourage investment in specific countries. On the positive side, resilient domestic demand as incomes rise. Mexico will benefit from US nearshoring, and the US-Mexico-Canada Agreement (USMCA) is likely to boost trade and investment in the country. Any decline in demand for energy or commodities will impact Mexico and Brazil, whilst Argentina is grappling with still high inflation. For treasurers, whilst the overall growth outlook is positive, risks in foreign exchange and commodity markets will persist. In this session, we evaluate the growth scenarios in the region and look at regional strategies to mitigate risk. With the US Fed now back to keeping rates “higher for longer” what are the implications for interest rates and currencies in Latin America?
-
Robert Wood
Principal economist, financial risk manager Latin America and the Caribbean,
Economist Intelligence Unit
Robert Wood
Principal economist, financial risk manager Latin America and the Caribbean,
Economist Intelligence Unit
May 29th 2024-
02:00pm -2:40pmLatin America: growth in 2024
As a senior member of the Latin America Country Analysis team, Robert contributes to The Economist Intelligence Unit’s extensive product portfolio, advises private-sector clients and government officials, participates in conferences and is frequently quoted in the specialist media. He has been responsible for covering most of the key economies in the region, and currently specialises in Brazil. In his role as Manager for Latin America, Robert is responsible for providing technical and analytical direction to The EIU’s Latin America specialists on sovereign credit, currency and banking sector risk issues.
Before joining the EIU in 1997, Robert conducted consultancy work for the European Commission, and previously worked for a development-oriented non-governmental organisation in Mexico.
Robert has an academic background in the politics and economic development of Latin America, and holds a Bachelor’s degree from the University of Bristol and a Master’s degree in development studies from the University of Sussex.
-
Evolving the next generation in-house bank for treasury
The In-house bank has evolved over time as corporate treasurers have developed more efficient ways to manage cash and liquidity operations. As a centralised hub for treasury operations, the in-house bank has gained support as a means of optimising treasury flows. Yet the technology build and development of in-house banking operations and infrastructure involves resources and know-how that includes partnerships with IT, tech, legal, tax and financial insitutions. Here our panel of treasurers will describe how they built the business case for their in-house bank operations, the services and functions they decided to include, the technology build required, how banking partners helped and the measurable ROI.
-
Mari Jõgila
Director treasury operations,
Circle K Europe
Mari Jõgila
Director treasury operations,
Circle K Europe
May 29th 2024-
02:00pm -2:40pmEvolving the next generation in-house bank for treasury
Mari Jõgila serves as the Director and Management Board member at Circle K Treasury Operations Europe AS, where she is managing the team of treasury professionals who support the group European and Indian entities in their daily liquidity and FX management, banking infrastructure andpayment solutions. She joined the company in 2011 (Statoil Fuel & Retail back in the day) as a Cash Manager. Managing bank relations, designing the cross-border cash management solutions, and running the implementation projects remain her core competence to date. Prior to joining Circle K, she worked as a Client Executive at Swedbank covering multinational clients. She also has 8 years of experience from KPMG Management Consulting team. Circle K expanded its operations in Europe via a recent acquisition. Integrating the 4 new markets into centralized treasury scope is the near term focus for Mari.
-
-
Tim Kolenda
Regional treasurer, North America,
AbbVie
Tim Kolenda
Regional treasurer, North America,
AbbVie
May 29th 2024-
02:00pm -2:40pmEvolving the next generation in-house bank for treasury
Mr. Kolenda has worked in global corporate treasury management for over 30 years. Prior AbbVie, he served as Director of Global Cash Management at Motorola Mobility and in several treasury management positions at Dell Inc, including Manager of Foreign Exchange, Manager of European Treasury and Manager of Global Leasing Program.
-
-
Amy Goldstein
Managing director, international cash management sales,
BNP Paribas
Amy Goldstein
Managing director, international cash management sales,
BNP Paribas
May 29th 2024-
02:00pm -2:40pmEvolving the next generation in-house bank for treasury
Amy joined BNP Paribas in 2015 as sales manager for international cash and liquidity management responsible for US-based large corporates. Before joining BNP Paribas, Amy held management roles in liquidity and global cash management at Wells Fargo, JP Morgan Chase and ABN AMRO/RBS, including running Global Transaction Services for ABN AMRO in Romania. Amy is a frequent speaker at industry conferences such as EuroFinance and AFP on Treasury, Cash and Liquidity Management topics.
Amy holds a Bachelor’s degree from Purdue University in West Lafayette, Indiana.
-
Event breaks into 2 tracks: Core and LatAm
Hedging foreign exchange risk in Latin America
Latin American major currencies, including the Mexican peso, Chilean peso and Brazilian real have strengthened against the dollar in recent months, as inflation has fallen in the US from last year’s highs, enabling an uplift in trade, export and investment in the region. Yet other currencies, such as the Argentinian peso and Colombian peso have weakened against the dollar, creating some volatility in these countries. With high levels of debt, ongoing political instability and price volatility in commodity markets, risks in Latin American currencies remain in foreign exchange trading for corporate treasurers. Yet forward contracts, or currency swaps, to exchange currency at a specified price in the future, can be expensive and complex. Hedging strategies need to be evaluated against the size of the foreign exchange exposure, the volatility of the currencies exchanged, the risk tolerance of the business and the capital available to commit to the hedging program. Automated dynamic hedging is also an option for companies dealing with large flows, or do not have the manual capacity to execute trades daily. FX automation might improve efficiencies, and even reduce risks, but requires treasury monitoring and interventions and might not be suitable for all trading. In this session regional treasurers discuss strategies around intra regional FX trading in Latin American local currencies as well as dollar trading, risk tolerances and approach to hedging, and where and when automation helps.
-
Pamela Potrie
Latam finance senior director,
PedidosYa / Delivery Hero
Pamela Potrie
Latam finance senior director,
PedidosYa / Delivery Hero
May 29th 2024-
02:40pm -3:20pmHedging foreign exchange risk in Latin America
Pamela Potrie is Finance Sr. Director at PedidosYa, the delivery market leader in Latin America and the brand under which Delivery Hero operates in the region. She leads the Tax, Accounting and Treasury functions for all 15 Latam markets. She’s Uruguayan and has extensive finance experience both in Uruguay and abroad (NYC and Sao Paulo). She has worked in several different roles: consulting, banking products, sales, market management, corporate treasury, corporate finance and administration, and economic development. Throughout her career, she has held global, regional, and local positions in different industries including at Citibank Uruguay and New York. Her leadership experience includes leading large teams with diverse age, geographic, and disciplinary backgrounds. Additionally, as a woman executive with a hearing impairment, she is highly committed to furthering the diversity and inclusion agenda in her country/region/company; to which end she participates in several D&I networks and is President and co-founder of her current organization´s ERG group for D&I (#HacktheGap) as well as a member of the company’s “Inclusion Board”.
-
-
Ciaran Fegan
Senior director, FX risk management and strategic projects,
Viatris
Ciaran Fegan
Senior director, FX risk management and strategic projects,
Viatris
May 29th 2024-
02:40pm -3:20pmHedging foreign exchange risk in Latin America
Senior Director, who has been working in large multinationals Corporate Treasuries for over 15 years. Over that period I have covered all aspects of Treasury from FX & interest rate Risk management, cash & liquidity management, DCM, credit risk and operations.Adam Smith Award winner 2023 for the best Foreign Exchange solution.
-
Cash investments: money markets, yields and reform - the short and medium outlook
With elevated rates, cash investments in money market funds and short term bonds and notes are yielding higher returns than the historic average. Money market funds, which experienced high outflows in March 2020, requiring government intervention and support to stabilise markets, are now enjoying strong performance, averaging 4.5 percent. Whilst the Security and Exchange Commission’s introduction of liquidity fees at 5% redemptions of net assets are designed to stem large fund outflows in future crises. In short term treasury markets, an uplift in yield to near 5%, with long date bonds closer to 4%, points to an inverted yield curve and a potential recession red flag. For corporate treasurers in the investment arena, the short term outlook is positive, yet the process of making effective, risk-based decisions when investing cash surpluses and developing strategies to maximise returns in the longer term remain uncertain. In this session, treasurers share their outlook and risk strategies in cash investments.
-
Samuel Vallotton
VP, treasury
Salesforce
Samuel Vallotton
VP, treasury
Salesforce
Samuel Vallotton is the Global Head of Treasury Operations at Salesforce. During his 10 years at this dynamic tech company he witnessed a number of changes through the company’s unprecedented growth. The most recent step in that transformative journey is the implementation of the company’s first in-house bank. Prior to his tenure at Salesforce, Samuel was engaged with several global companies at various stages of growth, both in the US and internationally (BAT, Nestlé, Tetra Pak, Sensormatic). His roots go back to Switzerland and UBS bank, where he began his career. In his free time, he will be found on a bike somewhere, breathing fresh air and enjoying the outdoors.
-
Dan LaRocco
Head of US liquidity,
Northern Trust Asset Management
Dan LaRocco
Head of US liquidity,
Northern Trust Asset Management
May 29th 2024Dan LaRocco is the head of U.S. liquidity at Northern Trust Asset Management. In this role he is responsible for the liquidity team, part of the global macro group within global fixed income, which manages cash strategies for retail and institutional clients. He co-manages numerous liquidity funds.
Previously at Northern Trust, he was director of money markets. Dan is a subject matter expert in the money market fund industry. He frequently engages with clients, regulators, and senior business leaders regarding financial markets and optimizing liquidity management strategies.
Prior to joining Northern Trust in 2008, Dan served as a financial advisor at Ameriprise Financial in Chicago.
Dan earned an MBA in finance and economics from the University of Chicago and a bachelor’s degree in political science, English and economics from Miami University.
-
Doug Tropp
SVP and treasurer,
Booking Holdings Inc.
Doug Tropp
SVP and treasurer,
Booking Holdings Inc.
Doug attended Syracuse University and graduated with a B.S. in Finance with a minor in Economics. He spent 8-years at the Fuji Bank Ltd. In NYC as a money markets trader. He attended Fordham University graduating with an MBA in Finance & Accounting. Doug joined the Hertz Corporation in 1998 as Manager, Corporate Finance. In 2000, Doug joined IBM treasury. Doug spent seven years with IBM and held roles in capital markets, risk management & foreign exchange. While with IBM, Doug spent two years in Dublin Ireland on an international assignment in the role of Chief Dealer of IBM’s In-house Bank. In 2007, he joined GE Corporate Treasury as a Managing Director. Doug held various roles over his 7-year career at GE Capital. In 2014, Doug joined Booking Holdings as VP, Treasurer. Doug oversees funding, investments, cash management, insurance, risk management, share repurchase and bank relations. Doug was promoted to SVP in February 2020 and is a member of the senior leadership team. Booking Holdings brands include; Booking.com, priceline.com, KAYAK, Agoda.com, rentalcars.com and Open Table.
Moderated by:
-
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Bob has more than 30 years of corporate treasury experience in the roles of treasurer, credit director, finance manager and controller at BP America and Amoco Corporation. He has successfully managed post-acquisition integrations, technology upgrades and corporate restructurings. Currently, Bob is a partner with the Treasury Alliance Group, leveraging his corporate experience in client engagements dealing with global treasury, risk and crisis management; cash management and cash flow forecasting; working capital management; shared service operations and general management. He also shares his experiences by tutoring others in courses such as international cash and treasury management, corporate risk management and cash flow forecasting, as well as by chairing, moderating and speaking at treasury conferences worldwide.
Networking break
Networking break
Liquidity management in the current rate environment
The good news is that inflation is falling in domestic US markets, yet the Federal Reserve interest rates hikes to combat inflation has led to a tougher liquidity environment for corporate treasurers. Higher interest rates, lower liquidity, and increased volatility has made it challenging for treasurers to raise capital and manage their cash flows. Managing liquidity in the current rate environment, involves increasing cash reserves by leveraging assets such as receivables, extending debt maturities, and hedging against interest rate risks. Cash reserves to meet liquidity shortfalls, might not always be possible and so treasurers may also need to consider alternative liquidity providers. In this session treasurers discus their liquidity management strategies to maintain healthy working capital positions for the businesses they support and how they will mitigate against liquidity risks as rates stabilise into 2024.
-
James Krikorian
VP, treasurer,
Krispy Kreme
James Krikorian
VP, treasurer,
Krispy Kreme
May 29th 2024-
04:00pm -4:40pmLiquidity management in the current rate environment
James Krikorian is the Vice President & Treasurer for Krispy Kreme. His extensive global treasury career began with the Italian headquartered Pirelli Spa and later Prysmian Spa where he worked abroad in Istanbul, London and Milan. More recently, and before joining Krispy Kreme, he headed the North American Treasury for AB Electrolux for the better part of a decade.
-
-
Mike Giakoumatos
VP, treasurer,
Perry Ellis International
Mike Giakoumatos
VP, treasurer,
Perry Ellis International
May 29th 2024-
04:00pm -4:40pmLiquidity management in the current rate environment
Currently serving as the VP of Treasury at Perry Ellis International, Mr. Mike Giakoumatos oversees strategic direction for banking and cash management, debt and credit facility oversight, compliance, and capital strategies. Previously, he joined ADT after the split of Tyco International, serving as Director of Global Liquidity. His tenure at Tyco International included roles as Sr. Manager of Treasury at corporate treasury in Princeton, NJ, and various treasury positions at Tyco Safety Products post the Sensormatic acquisition by Tyco. He initiated his finance and treasury career at Sensormatic Electronics in the late 1990s, managing financial risk. Mr. Giakoumatos holds an M.A. in Economics and an M.B.A. in Finance from Florida Atlantic University.
-
Moderated by:
-
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Bob has more than 30 years of corporate treasury experience in the roles of treasurer, credit director, finance manager and controller at BP America and Amoco Corporation. He has successfully managed post-acquisition integrations, technology upgrades and corporate restructurings. Currently, Bob is a partner with the Treasury Alliance Group, leveraging his corporate experience in client engagements dealing with global treasury, risk and crisis management; cash management and cash flow forecasting; working capital management; shared service operations and general management. He also shares his experiences by tutoring others in courses such as international cash and treasury management, corporate risk management and cash flow forecasting, as well as by chairing, moderating and speaking at treasury conferences worldwide.
Challenges in cross border payments in US and Latin America
Moving money around countries in the region can be extraordinarily difficult and time consuming, and expensive, comment treasurers. Yet cross border payments between US and Latin America, and indeed globally, have been a big focus for innovation in the payments industry. Interbank networks, including SWIFT have rolled out new messaging systems and technologies, in attempts to modernise outmoded correspondent banking models. Even so, cross-border payments can still be challenging, intransparent, costly and slow. Often with several intermediaries involved in the transaction, inefficiencies in the local payments processes, technical and interoperability challenges in multi-rail payments systems and bank regulations that include security and fraud checks all can delay payments. The lack of transparency in cross-border payments can make it difficult for treasurers to track payments, and transaction fees, especially in foreign exchange can be high. Digitisation of payment technologies, especially real time payments, as well as payment APIs, have made cross border payments easier to track, and new technologies, such as blockchain, where they can be applied, make cross-border payments faster and secure, whilst reducing transaction costs. Yet the challenges of cross-border payments remain a pain point for treasurers. In this session we discuss the technologies that are designed to fix the problems, why they don’t always work, and the workarounds treasurers use to ensure payments, receivables and cash flow around borders.
-
Maria Claudia Mejia Mesa
Finance control director,
Grupo Levapan
Maria Claudia Mejia Mesa
Finance control director,
Grupo Levapan
May 29th 2024-
04:00pm -4:40pmChallenges in cross border payments in US and Latin America
María Claudia Mejía is the Finance Control Director for a Mutilatina company based in Colombia, named Grupo Levapan, She leads the Tax, Accounting , Accounts receivables and Treasury functions. She holds a degree in Business Administration from CESA (Colombia) and a MBA from Escuela de Negocios San Pablo Ceu (Spain). She has more than 20 years experience in Finance and Treasury. Throughout her career, she has held global, regional, and local positions in different industries as technology ( Rappi), chemicals, oil & gas, energy, retail ( Carrefour), exports, and insurance industries.
-
-
Jennifer Schumacher
Director, treasury,
Prologis
Jennifer Schumacher
Director, treasury,
Prologis
May 29th 2024-
04:00pm -4:40pmChallenges in cross border payments in US and Latin America
Jennifer Schumacher, CTP, brings over 20 years of experience to her role in international treasury. As the
Director of Treasury for Prologis, Jennifer expertly oversees cash management across the Americas,
placing a special emphasis on operations in Mexico. Her breadth of experience includes a variety of key
treasury activities, such as daily cash positioning, comprehensive global reporting, managing letters of
credit, monitoring bank fees, and implementing effective forecasting and foreign exchange strategies.
Additionally, Jennifer’s expertise extends to the financial aspects of mergers and acquisitions, ensuring
seamless integration within the treasury realm.Jennifer embarked on her journey with Prologis in March 2006, bringing with her a robust background in
treasury from her time at Arthur Andersen and Aon in Chicago. Prior to her achievements in the field, she
earned her undergraduate degree in Business, with a focus on Finance, from Northern Illinois University.
Her education continued at the University of Denver, where she received her MBA, further concentrating
in Finance. Jennifer also holds the esteemed CTP certification, showcasing her dedicated proficiency in
the treasury sector. -
Working capital against inflationary pressures
Working capital is the lifeblood of business operations, and treasury is the heart. In this analogy, inflation is the disease. Whilst inflation is currency, at 4 percent, down from 8 percent last year, it still remains elevated, increasing pressure on costs, wages and prices, and on the working capital treasurers need to make available pump blood into business operations. Assets including cash, accounts receivable and payable as well as inventory, can all be mobilised to support liquidity where needed, improving cash flow, and strengthening short term capital requirements. In rising markets, treasurers can reach for a set of tools, including increasing cash flow through prices and extending debt terms. In this session treasurers share their strategies for maintaining essential working capital ratios and steps they take to mitigate liquidity risks.
-
Daniel Fleming
VP assistant treasurer,
Circana
Daniel Fleming
VP assistant treasurer,
Circana
May 29-
12:00pm -1:00pmRoundtables
-
04:40pm -5:20pmWorking capital against inflationary pressures
Dan Fleming is a distinguished professional with a wealth of experience in treasury management, capital markets, and financial consulting. Dan has successfully led treasury functions at prominent retailers including Nordstrom and Target, demonstrating a strategic focus on capital allocation, liquidity forecasting, and the optimization of working capital.Before working in the retail sector, Dan made significant contributions to the financial services industry as an investment banker at J.P. Morgan. His tenure in this role equipped him with a deep understanding of capital markets, M&A and honed his skills in financial analysis and strategic decision-making.In addition to his corporate roles, Dan has applied his expertise as a consultant for various SAP implementations, showcasing his versatility in navigating complex financial systems and driving operational efficiency.Dan holds a Bachelor of Science degree in Computer Information Systems from Indiana University and an MBA from Northwestern University’s Kellogg School of Management. Recognized for his industry leadership, Dan has contributed to the field as a treasury conference planning task force member for events held in 2018, 2021, 2022, specifically focusing on payments.
-
-
Arijit Dasgupta
Assistant treasurer
Viatris
Arijit Dasgupta
Assistant treasurer
Viatris
May 29-
12:00pm -1:00pmRoundtables
-
04:40pm -5:20pmWorking capital against inflationary pressures
-
Moderated by:
-
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Bob has more than 30 years of corporate treasury experience in the roles of treasurer, credit director, finance manager and controller at BP America and Amoco Corporation. He has successfully managed post-acquisition integrations, technology upgrades and corporate restructurings. Currently, Bob is a partner with the Treasury Alliance Group, leveraging his corporate experience in client engagements dealing with global treasury, risk and crisis management; cash management and cash flow forecasting; working capital management; shared service operations and general management. He also shares his experiences by tutoring others in courses such as international cash and treasury management, corporate risk management and cash flow forecasting, as well as by chairing, moderating and speaking at treasury conferences worldwide.
Managing multinational treasury compliance for local subsidiaries
For multinationals with operations in the US and Latin America and globally, or indeed managing subsidiaries from a treasury compliance perspective is complex. As businesses grow and enter new markets, the need for centralised compliance structures becomes greater. To manage treasury activities to comply with applicable laws and regulations is an important task for corporate treasurers, to protect the company from financial penalties and legal liability. Developing treasury compliance policies, in terms of the obligations of subsidiaries can be challenging and requires resources to actively manage entities, ongoing monitoring and audits and possible penalties for noncompliance. Here we discuss how central treasury teams have implemented treasury compliance policies for subsidiaries and how technology, such as cloud applications, has helped in the monitoring and reporting of subsidiary activities to deliver effective and efficient operations.
-
Fabiano Faustino
Former CFO – Chief financial office
Unimed Uberlândia
Fabiano Faustino
Former CFO – Chief financial office
Unimed Uberlândia
May 29th 2024More than two decades of solid experience in Financial Planning and Analysis, Treasury Management, Accounting, Taxes, Supply Chain, Logistics, and Facilities. Over the last ten years, has worked in the business consulting and information technology, healthcare provider, natural dietary supplements, machine tool industries, sectors. Expertise in Financial Innovation, Cost Efficiency, and Holistic Business Vision and Data Oriented. Has led projects involving the creation of holdings, establishment of shared service centers, financial digital transformation, actively participated in post-merger business integration and expansion of service networks.
-
Leandro Wendt
CFO
Agrícola Alvorada
Leandro Wendt
CFO
Agrícola Alvorada
-
Cesar Falla Olivo
Corporate treasurer and finance manager,
Grupo Gloria
Cesar Falla Olivo
Corporate treasurer and finance manager,
Grupo Gloria
May 29th 2024
Summary
Networking reception
Examine the factors shaping the US economy and how to respond to risk and uncertainty whether by streamlining operations, new cash management strategies or utilising technology from AI to APIs.
Learn how other treasurers are raising capital and managing their cash flows in the current economic environment.
Moderated by:
-
Daniel Blumen
Partner,
Treasury Alliance Group
Daniel Blumen
Partner,
Treasury Alliance Group
Daniel L. Blumen, CTP is a founding partner of Treasury Alliance Group where he leads consulting engagements dealing with working capital management, systems integration, liquidity and risk management and other global treasury issues. Prior to co-founding Treasury Alliance in 2002, he was Managing Director of Knowledge Management Applications, a firm he founded in 1998. Dan was with Bank of America in Chicago and Singapore, where he managed the ASEAN region of the Global Payment Services Group. He also worked for Citibank in Chicago and in London where he had pan-European management responsibility for cash management business development. He has worked with large multinationals and emerging international companies and shares his experience as an author and as a frequent speaker at cash management gatherings worldwide.
Gain practical guidance on how to manage operational challenges in the region. Topics include FX, cross border payments, near-shoring business operations and supplier and trade financing.
Moderated by:
-
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Bob has more than 30 years of corporate treasury experience in the roles of treasurer, credit director, finance manager and controller at BP America and Amoco Corporation. He has successfully managed post-acquisition integrations, technology upgrades and corporate restructurings. Currently, Bob is a partner with the Treasury Alliance Group, leveraging his corporate experience in client engagements dealing with global treasury, risk and crisis management; cash management and cash flow forecasting; working capital management; shared service operations and general management. He also shares his experiences by tutoring others in courses such as international cash and treasury management, corporate risk management and cash flow forecasting, as well as by chairing, moderating and speaking at treasury conferences worldwide.
Breakfast
Welcome
ERP, TMS and APIs: transforming the treasury technology trinity
Three cornerstones of treasury technology are being laid by treasurers in multinational companies today. Application programming interfaces (APIs) can be used to connect treasury management systems (TMS), and enterprise resource planning systems (ERP) with the treasury and financial software applications, and external bank portals to improve data integration and collaboration, from payments and bank account management to cash forecasting. The latest ERP systems, that embed treasury modules, also have API connectivity to expand and integrate external applications into the system. The creation of the treasury technology trinity, is the ongoing transformation project in many multinational corporations, as it promises, and delivers, great efficiencies and benefits in cash management and liquidity planning. In this session, we take a snapshot from treasurers at various stages of implementation, to discuss the process of transformation, the skills and resources required, and the roadmaps to successful integration.
-
Raul Sanchez
Director treasury,
Mitel
Raul Sanchez
Director treasury,
Mitel
May 30th 2024-
09:10am -9:50amERP, TMS and APIs: transforming the treasury technology trinity
Raul is an Industrial Engineer, and holds a Masters in Finance. Senior executive with over 15 years experience in Finance, Treasury, and FP&A. Worked in Mexico (GNC), Germany (Bombardier), USA, Venezuela and Canada (GE and Mitel) providing leadership in the development of strategic and operational Treasury and Finance objectives, focus on efficiency and keeping things simple.Certified Crossfit Trainer (CF-L3), International Crossfit Judge, Board Member of the Canadian Functional Fitness Federation, and Member of the Technical Officials Committee for the International Functional Fitness Federation.
Head of Advisory GTB in BBVA México Rafael Galaviz has more than 15 years of experience in Corporate and Investment Banking, Transactional Banking, Treasury Management, Business Development and Relationship with Multinational Corporations. He has a background in Financial Administration at the Autonomous University of Aguascalientes, México and an MBA in Global Business and Strategy from the Belk College of Business at the University of North Carolina at Charlotte and the Egade Business School at Monterrey, México. During his more than 12 years of career in BBVA he has held different important roles such as VP transactional Banker, Cash Management Director and is currently Head of Advisory GTB in Corporate & Investment Banking in Mexico, where he is responsible for coordinating the Nearshoring Efforts and Strategies and the development of tailor made solutions of working capital and transactional services for BBVA’s corporate clients, based on Data, ESG and Digitalization. -
-
Samuel Vallotton
VP, treasury
Salesforce
Samuel Vallotton
VP, treasury
Salesforce
Samuel Vallotton is the Global Head of Treasury Operations at Salesforce. During his 10 years at this dynamic tech company he witnessed a number of changes through the company’s unprecedented growth. The most recent step in that transformative journey is the implementation of the company’s first in-house bank. Prior to his tenure at Salesforce, Samuel was engaged with several global companies at various stages of growth, both in the US and internationally (BAT, Nestlé, Tetra Pak, Sensormatic). His roots go back to Switzerland and UBS bank, where he began his career. In his free time, he will be found on a bike somewhere, breathing fresh air and enjoying the outdoors.
-
Guy Simons
Former VP corporate treasury
ZF Group
Guy Simons
Former VP corporate treasury
ZF Group
May 30th 2024-
09:10am -9:50amERP, TMS and APIs: transforming the treasury technology trinity
Guy Simons until March of this year was VP Corporate Treasury for the ZF Group, a global automotive supplier with 2023 sales of 46.6 bill. Euro. Most recently he directed its treasury operations teams in India, Europe,
Brazil and the US, managing liquidity and foreign exchange for their respective regions. His broad expertise in capital markets, financial risk management and treasury operations was honed over many years, at ZF
and other excellence-driven organizations like TRW Automotive, Engelhard Corporation, and Equinor. His special passion has always been to leverage treasury technology to seamlessly embed financial market expertise in the core business of his employers. -
Moderated by:
-
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Bob has more than 30 years of corporate treasury experience in the roles of treasurer, credit director, finance manager and controller at BP America and Amoco Corporation. He has successfully managed post-acquisition integrations, technology upgrades and corporate restructurings. Currently, Bob is a partner with the Treasury Alliance Group, leveraging his corporate experience in client engagements dealing with global treasury, risk and crisis management; cash management and cash flow forecasting; working capital management; shared service operations and general management. He also shares his experiences by tutoring others in courses such as international cash and treasury management, corporate risk management and cash flow forecasting, as well as by chairing, moderating and speaking at treasury conferences worldwide.
Treasury strategies for when rates are cut
Even with stickier than expected U.S. inflation this year, rates have arguably reached a plateau, with markets now pricing in Fed rate cuts for late 2024. In Lat Am too, rates are forecast to trend downwards next year from double digit highs in Brazil and Mexico. Treasurers who adjusted cash, liquidity and working capital management strategies as rates moved up, are now reviewing their strategies as rate cuts loom. Where treasurers sought to extract liquidity from assets such as receivables and inventory, for working capital purposes, the imperative to leverage balance sheets is perhaps less urgent. For treasurers that have benefitted from historically high yields in cash investments, rate cuts might for some prompt a rethink on risk, as uplifts in short term assets will gradually taper, creating questions over optimal investment strategies. In this session our bank panel discusses the impact of rate cuts on borrowing, liquidity, working capital as well as cash investments, yield and risk, as treasurers adjust to a new rate environment.
-
Julian Oldale
Head of corporate treasury and liquidity, transaction banking Americas,
BNP Paribas
Julian Oldale
Head of corporate treasury and liquidity, transaction banking Americas,
BNP Paribas
May 30th 2024-
09:50am -10:30amTreasury strategies for when rates are cut
Julian Oldale is Managing Director and Head of Corporate Treasury and Liquidity (CTLIA) and Transaction Solutions for Banks (TSB) in the Americas at BNP Paribas.
Julian has more than 25 years of experience in transaction banking, having served in product development, sales management, solution delivery and regional business leadership roles, with a focus on the global corporate and banking segments and their global needs.
Prior to his current role, Julian led the BNP Paribas product and innovation efforts for Transaction Banking in the Americas, driving product development and change across Trade Finance, Liquidity and Cash Management. Before joining the bank, Julian led Transaction Banking at RBS for North America, managing a diverse sales, product and service organization. He also held various leadership roles in EMEA for Transaction Banking at RBS and ABN Amro in Amsterdam, including the leadership function of their Western European and Central and Eastern European businesses, and as COO for the Head of Transaction Banking Europe and the Middle East.
Julian began his career in Transaction Banking at Citibank in London and studied business and finance at London Metropolitan University.
-
-
Tory Hinton
Global head of liquidity product strategy,
Northern Trust Asset Management
Tory Hinton
Global head of liquidity product strategy,
Northern Trust Asset Management
May 30th 2024-
09:50am -10:30amTreasury strategies for when rates are cut
Tory is the Global Head of Liquidity Product Strategy responsible for developing and delivering on NTAM’s global product strategy for the Liquidity business.
Tory has been in the financial services industry for more than 30 years. Prior to joining to NTAM in 2022, she spent 26 years at Goldman Sachs Asset Management (GSAM) in New York City, Chicago and Honk Kong in various roles. Her last role was Head Product Strategist in Liquidity Solutions across both private wealth and asset management businesses. She was primarily focused on providing technical investment strategy and product knowledge to all types of liquidity clients.
Tory graduated from St. Joseph’s University with a B.S. in Business Administration and is Series 7 and 63 licensed.
-
-
Juan Carlos Sanchez
Head of GTB USA
BBVA
Juan Carlos Sanchez
Head of GTB USA
BBVA
May 30th 2024-
09:50am -10:30amTreasury strategies for when rates are cut
Professional Experience and Responsibilities
Juan Carlos Sanchez is Managing Director and head of Global Transaction Banking within Corporate & Investment Banking (CIB) in the US. Juan Carlos’ responsibilities consist of the strategy and sales delivery for both Domestic & Global Cash Management, Global Trade Finance & Working Capital Solutions, Liquidity Management, and also manages the Global Subsidiaries client coverage team that provides local coverage for the US Subsidiaries of BBVA’s Global Clients.Prior to his current assignment, Juan Carlos was the head of Investment Banking (2011-2015) at BBVA USA (fka BBVA Compass) and had direct responsibility for the origination of CIB products for Commercial Banking and Wealth Management client segments, acting as a single point of delivery for structured and syndicated lending, debt capital markets, corporate finance and interest rate risk management solutions.
Juan Carlos joined BBVA in 2007 as an Executive Director in the Debt Capital Markets – Americas group in New York, and from 2007-2010 was responsible for managing the origination, structuring and execution of local and international debt solutions for BBVA’s clients in Latin America, with a specific focus on Mexico, Brazil and Peru. Before joining BBVA, he worked at Comerica Bank in the Global Corporate Banking Division from 1997-2007, and was responsible for corporate client coverage in northern Mexico.
Education
Juan Carlos holds a B.S. in Economics degree from The Wharton School at the University of Pennsylvania and an MBA from the Stephen M. Ross School of Business at the University of Michigan. -
Moderated by:
-
Daniel Blumen
Partner,
Treasury Alliance Group
Daniel Blumen
Partner,
Treasury Alliance Group
Daniel L. Blumen, CTP is a founding partner of Treasury Alliance Group where he leads consulting engagements dealing with working capital management, systems integration, liquidity and risk management and other global treasury issues. Prior to co-founding Treasury Alliance in 2002, he was Managing Director of Knowledge Management Applications, a firm he founded in 1998. Dan was with Bank of America in Chicago and Singapore, where he managed the ASEAN region of the Global Payment Services Group. He also worked for Citibank in Chicago and in London where he had pan-European management responsibility for cash management business development. He has worked with large multinationals and emerging international companies and shares his experience as an author and as a frequent speaker at cash management gatherings worldwide.
Networking break
Reevaluating liquidity provision and treasury services: the evolution of bank client relationships in the region
Recent bank failures in the US have highlighted the need for corporate treasury to reevaluate liquidity provision and banking relationships, both internationally and at local level. Latin America’s banks have proved resilient, greatly strengthened since the 2008 global financial crisis and economic and debt crises of the 1980s, with capital adequacy ratios above regulatory minimums. Latin American bank lending is funded by deposits, rather than external wholesale funding, and non performing loan ratios are low. As rates rise and the credit cycle tightens, the region’s banks are likely to develop a cautious approach to lending, in markets where corporate debt is elevated, with rates likely to remain elevated too. In this session we look at the strengths of regional and local banks in their economies, the development of bank products and services for corporate treasury clients in the region, and assess how bank-client relationships are evolving through the current inflationary and raised rate environment. We also examine how corporate treasurers are working with banks to strengthen and diversify both liquidity provision and treasury services.
-
Jesus Portillo
Senior cash manager LatAm,
Roche Finanz AG
Jesus Portillo
Senior cash manager LatAm,
Roche Finanz AG
May 30th 2024Jesus is the Senior Cash Manager at Roche responsible for the region of Latin America. In his role he manages the liquidity of the Roche group as well as the banking relationship for all operating finance entities in LatAm. He has been with Roche since 2012 acting in Brazil and Switzerland in several treasury roles. He holds a Bachelor’s degree in Finance from Tecnológico de Monterrey and a Master in corporate finance from University of Girona. He is a seasoned professional with a passion for international treasury topics.
-
Carmelo Mendoza
Regional treasury manager,
Holcim
Carmelo Mendoza
Regional treasury manager,
Holcim
May 30th 2024
Event breaks into 2 tracks: Core and LatAm
Capital markets: bonds and loans markets for US corporates
US investment grade bond yields are at their highest level for a decade at par 4.7%, whilst for weaker credits, access to bond and loan markets remain challenging. Syndicated and leveraged loan markets in the US fell sharply in 2022/3, with lenders in risk off mode in a rising rate environment, and corporate borrowers increasingly avoiding reentering debt markets. Refinancing in 2024 is likely to remain challenging, as covenants are extended and corporates seek to leverage balance sheet assets for working capital. Rating agencies have also raised default ratio scenarios in high yield markets, as tighter lending conditions and capital access as well as inflation uncertainty challenges corporate resilience in refinancing and liquidity management. Against this tough issuance outlook in both public bonds and loan markets, high yield companies corporates might increasingly look to private debt placements, or asset sales, In this session, treasurers discuss their liquidity strategies in the context of tighter credit conditions and share their outlook on the medium term bonds and loans markets in the US.
-
Victor Pausin
Treasurer – Americas,
Nissan Motors Limited
Victor Pausin
Treasurer – Americas,
Nissan Motors Limited
May 30th 2024-
11:10am -11:50amCapital markets: bonds and loans markets for US corporates
Victor Pausin is a senior Finance executive with twenty years of experience in Treasury, Corporate Finance and C-Suite Advisory for global manufacturing and auto financing companies.
He currently holds dual leadership roles in Treasury at Nissan and NMAC; Nissan’s Sales Finance Organization.
Since joining the $90 billion Japanese Automaker in 2019, his global impact has been centered around driving financial strategies that positioned NMAC among the Top 3 most cost-effective US Auto Captive companies. He is a recognized thought leader in free cashflow generation and received Nissan’s Global CEO Award for securing optimal liquidity during Covid-19 when major competitors had to tap into their backstop revolving credit facilities.
Prior to Nissan, Pausin grew his career at Goodyear in FP&A and several other leadership roles in Treasury and Global Finance & Strategy across Latin America, Europe and the United States.
In addition to leading currency risk management, he was instrumental in designing and implementing global funding, capital allocation and cash repatriation strategies that increased the stock price by 77%.
Pausin, a first-generation American, Slovenian national, and native of Venezuela, is based in Nashville, Tennessee. He is fluent in English, Spanish and Portuguese and a recent graduate from Harvard Business School in Boston, MA. He holds additional bachelors and masters degrees in Business Administration, Finance and Engineering.
-
-
Patrick Baumann
VP treasurer,
Signature Aviation
Patrick Baumann
VP treasurer,
Signature Aviation
May 30th 2024-
11:10am -11:50amCapital markets: bonds and loans markets for US corporates
Patrick is responsible for all treasury functions, capital markets transactions, and corporate finance strategies at Signature Aviation. He oversees all relationships with financial institutions supporting the company’s cash management operations, leveraging new bank technologies/services to improve global cash management, liquidity and streamline global operations. Patrick has been in the capital markets industry for over 25 years and established a track record of executing innovative financial solutions and building treasury teams. He holds an MBA from City University and a CFA charter. He is a member of the Orlando CFA Society.
-
-
Daniel Verwholt
Senior vice president and treasurer,
Air Lease Corporation
Daniel Verwholt
Senior vice president and treasurer,
Air Lease Corporation
May 30th 2024-
11:10am -11:50amCapital markets: bonds and loans markets for US corporates
Daniel Verwholt serves as Treasurer for Air Lease Corporation. He is responsible for managing the company’s liquidity, risk management and capital markets initiatives. This includes overseeing the firm’s global bank relationships which support a $6bn+ unsecured revolving credit facility. Mr. Verwholt has over 10 years of experience in banking, capital markets and investment management. Prior to Air Lease, Mr. Verwholt served as a Senior Credit Research Analyst at Google, where he led the research effort on financial institutions for Google’s internally managed investment grade debt portfolio. He has also held roles within Bank of America Merrill Lynch’s Global Corporate and Investment Banking division, advising financial institutions on capital markets and financing initiatives. Mr. Verwholt holds a Bachelor of Science in Finance from Wake Forest University and is also a Chartered Financial Analyst (CFA).
-
Nearshoring business operations: challenges for treasury
The supply crises that stemmed from the pandemic and ongoing trade war with China, have highlighted the limitations of globalisation, creating price instability, triggering inflation, soaring rates, trapping cash and destabilising currencies and markets. The response from some US companies has been to move business operations, including manufacturing and supply either onshore in the US or nearshore in Latin America. For US treasurers, onshoring business operations and supply can mean a reduction or elimination in FX trading, hedging, cross border supplier payments and cash repatriation. Strategic decisions to nearshore and open factories and develop supply chains in Latin America, in a move away from China and the far East is also accelerating. According to estimates by the Inter-American Development Bank (IDB), nearshoring could add USD 78 billion per year in annual exports in Latin America. Nearshoring business operations and supply has strategic impact on the treasury functions, including the impact on cash flow and working capital management, foreign exchange risk, tax planning and treasury reporting and compliance. In this session we discuss the challenges for treasurers in nearshoring business operations, from managing local suppliers and banks, to setting up with local treasury operations.
-
Lizette Gracida
Senior director of institutional affairs and foreign trade,
Toyota de México
Lizette Gracida
Senior director of institutional affairs and foreign trade,
Toyota de México
May 30th 2024-
11:50am -12:30pmNearshoring business operations: challenges for treasury
Lizette Gracida has a BA from the Universidad Nacional Autonoma de México and a Diploma in International Trade from the Universidad Iberoamericana. She has also attended the Next Generation Executive Program of the Michigan Ross Business School.
Lizette started her career in the automotive industry 15 years ago focusing mainly on international trade, strategic planning, government relations and regulatory affairs. In 2014, she joined Toyota Mexico where she currently serves as Senior Director of External Affairs and Trade Compliance for all Toyota operations in the country. Moreover, she is the leader of Diversity and Inclusion matters for Toyota Mexico.
Lizette also represents Toyota at the Mexican Association of the Automotive Industry, as well as in other industrial and business forums such as the Executive Council of Global Companies. Lizette also played a key role for the company representing Toyota before the Mexican government and the “side room” during the USMCA negotiations.
-
-
Rafael Galaviz
Executive director, head of advisory GTB Mexico,
BBVA
Rafael Galaviz
Executive director, head of advisory GTB Mexico,
BBVA
May 30th 2024-
11:50am -12:30pmNearshoring business operations: challenges for treasury
Head of Advisory GTB in BBVA México Rafael Galaviz has more than 15 years of experience in Corporate and Investment Banking, Transactional Banking, Treasury Management, Business Development and Relationship with Multinational Corporations. He has a background in Financial Administration at the Autonomous University of Aguascalientes, México and an MBA in Global Business and Strategy from the Belk College of Business at the University of North Carolina at Charlotte and the Egade Business School at Monterrey, México. During his more than 12 years of career in BBVA he has held different important roles such as VP transactional Banker, Cash Management Director and is currently Head of Advisory GTB in Corporate & Investment Banking in Mexico, where he is responsible for coordinating the Nearshoring Efforts and Strategies and the development of tailor made solutions of working capital and transactional services for BBVA’s corporate clients, based on Data, ESG and Digitalization.
-
Mergers and acquisitions: operational challenges in supporting new business and aligning treasuries
As the economic cycle turns positive, mergers and acquisition activity might pick up into the recovery, as companies restructure and enter new markets, in Lat Am and globally. As companies acquire competitors in M&A scenarios, or suppliers in strategic acquisitions, the treasury assimilates new people and technologies that come with the deal. Integrating new business lines, as well as plugging into additional treasury arms for reporting, requires some reengineering of systems and processes. As companies assimilate, efficiencies will be found in operations as processes migrate to central treasury systems. In this session we discuss the realignment of operations and the process of fusing treasury functions after mergers and acquisitions, and the reengineering required in processes and technologies to ensure successful integration.
-
Amy Lainge
Head of global treasury operations,
Warner Bros. Discovery
Amy Lainge
Head of global treasury operations,
Warner Bros. Discovery
May 30th 2024Amy has been providing her expertise in global treasury operations for more than 15 years across many industries. She is currently the Vice-President, Head of Global Liquidity & Treasury Operations at Warner Bros. Discovery in Knoxville, TN. She manages the global liquidity and treasury operational needs for the organization including liquidity structures, short-term funding, cash positioning, investments, debt administration, cash forecasting and bank relationships. Amy holds an MBA from the University of Phoenix and a Bachelor of Accounting from the University of Cincinnati. She earned the Certified Treasury Professional (CTP) credential in 2007 and has been a volunteer member of the AFP Certification Committee since 2011. In 2022, Amy became the Chairperson of the Certification Committee for the Association of Financial Professionals.
-
Bruce Edlund
Group director, assistant treasurer,
Cloud Software Group
Bruce Edlund
Group director, assistant treasurer,
Cloud Software Group
Bruce Edlund is Senior Director, Assistant Treasurer at Citrix Systems, Inc. based in Fort Lauderdale, Florida. Mr. Edlund manages a global team of four who are responsible for cash and liquidity management, investments, cash flow and balance sheet hedging, bank relationships and stock buyback. Mr. Edlund has over 14 years of treasury experience as Assistant Treasurer at DIRECTV Latin America, Senior Corporate Treasury Manager at Citrix, Director of Global Cash Management at Walmart Stores, Inc. and returning to Citrix in 2014. His experience in very different-sized companies in different industries has given Mr. Edlund a wealth of experience into different ways of tackling treasury’s challenges. Prior to corporate treasury, Mr. Edlund worked for five years in investment banking in Latin America, primarily at Bank of America. Mr. Edlund has a MBA from Thunderbird School of Global Management where he maintains ties and has been a regular guest judge for their FORAD finance competition. He also has B.A. degrees in Economics and French from California State University, Sacramento. After studying, living and/or working in France, Switzerland, Belgium, Spain and South America, Mr. Edlund speaks French and Spanish. With his work in Latin America along with living in South Florida for 13 years, he is conversant in Spanish.
-
Lisa Killer
Director treasury operations
Orlando Health
Lisa Killer
Director treasury operations
Orlando Health
May 30th 2024Lisa Killer is a seasoned finance professional with over three decades of experience in treasury management and financial operations. Currently serving as the Director of Treasury Operations at Orlando Health, she brings a wealth of knowledge and expertise to the discussion.
Throughout her career, Lisa has orchestrated significant transformations and savings initiatives within treasury departments, including successful RFP processes resulting in annual savings of over $1.5 million. She has led multiple bank transitions and bank consolidations due to acquisitions. Her contributions have been recognized by her certification as a Certified Treasury Professional by the Association of Financial Professionals and completion of the Leadership Finance Program by the McCraken Alliance and Rollins College.
With a deep understanding of treasury management and cash flow optimization, Lisa is known for her strategic thinking and leadership skills. She served as a member of the Wells Fargo Bank Treasury Advisory Council, demonstrating her commitment to staying at the forefront of industry trends and best practices.
Lisa has a finance degree and MBA from the University of Florida. Outside of her professional endeavors, Lisa enjoys Gator football and exploring national parks. She is excited to share her insights and engage in meaningful discussions as a panelist.
Lunch
Supplier and trade financing: the treasury win-win
Companies that operate in Latin America and beyond are increasingly focussed on working capital across the business as well as maintaining capital support in their supply chains. Supply shortages have prioritised supplier relationships, and treasurers play a role in supporting business operations by supporting liquidity through supplier financing. Extending DPOs is not always optimal in maintaining healthy cash conversion cycles, cash visibility and controls, and can destabilise suppliers in local markets. Given the priority to maintain cash reserves in the current rate environment, supplier chain financing or reverse factoring, has been steadily gaining ground in Latin America. As multinationals can provide financing through their ratings, and at lower rates than local bank markets, suppliers can benefit cheaper financing, as well as short DSO payments. Together with trade financing in larger and more complex financings in manufacturing, commodity and project markets, banks and their multinational treasury clients play a pivotal role in the health of supply chains in the region. In this session, treasurers, banking partners and liquidity providers share their real world examples of how they have helped support the business and develop trade through supplier financing.
-
Allan Muñoz
Corporate finance and treasury director,
Coca-Cola FEMSA
Allan Muñoz
Corporate finance and treasury director,
Coca-Cola FEMSA
May 30th 2024-
01:40pm -2:20pmSupplier and trade financing: the treasury win-win
-
Sustainability and ESG in treasury: leveraging liquidity in green bonds and loan markets
The exponential growth of ESG markets and sustainable finance has impacted corporate treasury, as a source of capital and liquidity, an investment and asset class and as a rating and measure of performance. The green bond and sustainable loan markets are now ten times larger in the US than in 2019. US green bond issuance stands at $500bn, with $64bn issued in 2022. Sustainability-linked loan issuance (SLL), where rates are variable on ESG KPI performance, stood at US$200bn in US loan markets, whilst green loan markets, where proceeds are used to fund environmental projects, was up 46% at US$25bn, in contrast to the overall US loan issuance, which was down 25% at US$1trn in 2022. The Inflation Reduction Act will likely be a driver for green bond and loan activity, unlocking hundreds of billions in energy and climate-related investment in the next 10 years. The US Securities and Exchange Commission’s (SEC) proposals to enhance and standardise climate-related disclosures made by all SEC registrants will also likely propel SLL and green bond markets. Yet the market is not without its detractors, who claim that yield should be prioritised over ESG criteria. In this session, we discuss the role and activities of treasurers in ESG and sustainable investing and issuance in the US and the Americas and the value of green liquidity in the money mix.
-
Leticia Zuardi
Impact investing responsible,
Vale
Leticia Zuardi
Impact investing responsible,
Vale
May 30th 2024Letícia is a senior finance executive with more than 20 years of experience in large multinationals such as Vale, Petrobras, FMC Technip, L’oréal Paris Group and Shell. She has an extensive track record in cash management, working capital solutions, FP&A, debt & equity funding, valuation, M&A, tax planning and accounting. Recently, she led the IR and financial operations area at MRS Logística, focused on ESG engagement and corporate governance. She joined Vale in 2005 in the Treasury Department where she worked for 12 years, returning in January/2023. At Fundo Vale she is responsible for the analysis on accounting and taxation issues of carbon credit transactions and the development of blended finance solutions.She graduated in Economics from PUC-Rio, with courses at Universidade Federal Fluminense and Chicago Booth School of Business.
-
Andrea Vigo
Global director of capital markets and sustainable financing,
Dow Chemical
Andrea Vigo
Global director of capital markets and sustainable financing,
Dow Chemical
May 30th 2024Andrea joined his current role in early 2021, and he is responsible for all the corporate finance activities, including all the global capital market initiatives, leases, working capital programs, LCs, line of credits as well as in charge of managing the relationship with more than 40 banks globally. He returned to corporate after 3y in Equate, Dow second largest JV based in Kuwait, where he was the Corporate Treasurer, with global responsibility for credit and financial risk management, operations and back office, insurance, planning, corporate finance and investors relation.
Before this role, Andrea spent 4 years in Saudi Arabia working in Sadara Petrochemical as Assistant Treasurer. In this role he was instrumental in developing the Treasury Department organization, strategy, and operational processes to support Sadara moving from a construction to an operational phase. As Corporate Risk Director Andrea was responsible for managing the credit risk, financial risk (interest rate and FX) and the insurance program for the company.
Andrea joined Dow in 2005 in the Customer Financial Services group within Treasury as a Credit Manager. In January 2009, Andrea joined the Corporate Risk Group as Financial Risk Manager in the Treasury Department, and was responsible for managing the daily global liquidity, FX exposure and the hedging strategy. In November 2011 Andrea assumed the role of Director in the Corporate M&A Group. He was responsible for supporting the Dow Corporate strategy and portfolio optimization via acquisition, divestiture and JV.
Prior joining DOW, Andrea worked as Management Strategy Consultant in various firms in Italy.
Andrea holds a Master of Business Administration degree in Finance from Michigan State University, Broad Graduate School of Management, and a Master of Science in Business and Management Engineering from the Politecnico of Milan, Italy.
Country Roundtables (BRA, ARG, MEX)
Delegate group discussions on sharing experiences and challenges of treasury operations in specific regions
-
Haydee Quevedo
Treasury business partner,
Holcim
Haydee Quevedo
Treasury business partner,
Holcim
May 30th 2024-
02:20pm -3:00pmCountry Roundtables (BRA, ARG, MEX)
With over six years of experience in treasury and credit and collections, Haydee is an International Business Professional from Universidad del Norte at Barranquilla, Colombia, who has navigated the complexities of multinational corporations including Philips and currently Holcim. Her expertise spans across the North American and Latin American markets, where she has excelled in optimizing financial strategies to drive organizational success sustainably. Haydee focuses on financial solutions, lean methodologies, and insurance to streamline operations and maximize efficiency.
-
-
Leandro Wendt
CFO
Agrícola Alvorada
Leandro Wendt
CFO
Agrícola Alvorada
BMS's strategic response to a shifting macro-economic landscape
Successfully navigating the volatile economic landscape amidst integration efforts post one of the largest corporate acquisitions, was the task of the BMS treasury team, who in this session talk through the key challenges and achievements in a unique scenario. Faced with increasing market volatility and currency risks due to global events, rising interest rates and a strengthening dollar, the BMS treasury team skillfully morphed these challenges into opportunity resulting in reduced risk and positive P&L & cashflows. Aggregating FX exposures across multiple ERP systems for daily balance sheet FX exposures, whilst automating end to end FX trading processes, the team achieved a technical transformation to rationalize and manage currency volatility risks. Further, accelerating the cash flows hedging program, together with restructuring and expanding the net investment hedging strategy, the team generated interest expense savings and successfully mitigated risks while increasing flexibility. In addition, the $6bn debt restructuring in 2022, strategically unlocked free cash flows to support the company’s growth strategy and created net interest savings. Overall, BMS has demonstrated the positive power of treasury to not only mitigate risks but also unlock valuable opportunities.
-
Ravi Patel
Director of financial risk management,
Bristol Myers Squibb
Ravi Patel
Director of financial risk management,
Bristol Myers SquibbMay 30th 2024-
02:20pm -3:00pmBMS's strategic response to a shifting macro-economic landscape
Ravi is the Director of Financial Risk Management at Bristol Myers Squibb (BMS), leading a team that manages cash investments and FX, interest rate, and credit risk. Ravi has been with BMS since 2021. Prior to BMS, he worked in the financial sector for 15+ years in a variety of functions including derivatives marketing, relationship manager, mortgage trading, and macro economic analysis. Ravi has a Bachelors in Economics from Duke University and is a CFA Charterholder.
-
-
Abhishek Jhunjhunwala
Director of capital markets,
Bristol Myers Squibb
Abhishek Jhunjhunwala
Director of capital markets,
Bristol Myers SquibbMay 30th 2024-
02:20pm -3:00pmBMS's strategic response to a shifting macro-economic landscape
Abhishek is the Director of Capital Markets at Bristol Myers Squibb (BMS). Abhishek’s primary areas of responsibility include Capital Strategy and Capital Markets for BMS. He has been with the company for about 11 years and has held roles in various finance organizations including Treasury, FP&A, Controller, Internal Audit, Business Controls. Abhishek worked in the Governance, Risk and Compliance Services group at KPMG prior to joining BMS in 2013. Abhishek is a Chartered Accountant and graduated with a degree in Finance and Accounting from India.
-
Networking
Treasury teams and operations: finding optimal alignment
Finding the optimal alignment of treasury teams and operations preoccupies the minds of many treasurers now, Treasury teams that were traditionally office based have evolved into hybrid remote and offsite working patterns and practices since the pandemic. Enabled by cloud computing and web based treasury systems, treasurers and their teams can operate treasury from anywhere and at any time. Treasury operations are increasingly geographically dispersed, yet centralised by systems design. Whilst for some multinationals in the US, there is a gradual reversion to onsite, hybrid working has opened up a wider talent pool, unconstrained by office proximity and city commuting, helped diversify teams, and has become important in attracting and retaining treasury talent. Local recruitment of treasury and finance professionals to support business operations in Latin America and elsewhere, also demands connected systems, workflow processes and controls and hybrid flexibility. The optimal configuration of treasury operations and teams across the US and in countries where the business operates has become a key focus of treasurers today. In this session, treasurers discuss their operational models and share their thoughts on how treasury systems and teams are best aligned going forward.
-
ShinYoung Park
Assistant treasurer,
Henry Schein, Inc
ShinYoung Park
Assistant treasurer,
Henry Schein, Inc
May 30th 2024-
03:40pm -4:20pmTreasury teams and operations: finding optimal alignment
EDUCATION: M.S., Finance, Illinois Institute of TechnologyBachelor of Business Administration, Ewha Woman’s UniversityCertified Financial Analyst (“CFA”)Certified Public Accountant (“CPA”)Certified Treasury Professionals (“CTP”)HENRY SCHEIN, INC.
CAREER: 2023 – Present Executive Director, Assistant Treasurer 2017 – 2023 Senior Director, Assistant Treasurer 2014 – 2017 Director or Treasury Operations 2008 – 2014 Manager of Treasury Operations
PREVIOUS WORK EXPERIENCE: 2007 – 2008 Senior Consultant, SunGard 2005 – 2007 Implementation Consultant, SunGard2004 – 2005 Support Consultant, SunGard
-
-
Doug Tropp
SVP and treasurer,
Booking Holdings Inc.
Doug Tropp
SVP and treasurer,
Booking Holdings Inc.
Doug attended Syracuse University and graduated with a B.S. in Finance with a minor in Economics. He spent 8-years at the Fuji Bank Ltd. In NYC as a money markets trader. He attended Fordham University graduating with an MBA in Finance & Accounting. Doug joined the Hertz Corporation in 1998 as Manager, Corporate Finance. In 2000, Doug joined IBM treasury. Doug spent seven years with IBM and held roles in capital markets, risk management & foreign exchange. While with IBM, Doug spent two years in Dublin Ireland on an international assignment in the role of Chief Dealer of IBM’s In-house Bank. In 2007, he joined GE Corporate Treasury as a Managing Director. Doug held various roles over his 7-year career at GE Capital. In 2014, Doug joined Booking Holdings as VP, Treasurer. Doug oversees funding, investments, cash management, insurance, risk management, share repurchase and bank relations. Doug was promoted to SVP in February 2020 and is a member of the senior leadership team. Booking Holdings brands include; Booking.com, priceline.com, KAYAK, Agoda.com, rentalcars.com and Open Table.
-
AnaCarla Costa
Director, global capital markets and Americas treasurer,
Amcor Plc
AnaCarla Costa
Director, global capital markets and Americas treasurer,
Amcor Plc
May 30th 2024-
03:40pm -4:20pmTreasury teams and operations: finding optimal alignment
Ana Carla Costa is Director of Global Capital Markets & Americas Treasurer at Amcor Plc, a global leader in developing and producing responsible packaging solutions for various industries. Ana Carla is currently responsible for executing debt capital markets transactions, and leading a team that partners with different business segments starting in Canada all the way down to the Southern Cone of Latin America; focusing on areas such as funding strategy, risk management, M&A, and working capital. Ana Carla began her career as an Analyst at JPMorgan Chase and has held various finance roles at multinationals such as ABB, Nokia and Agilent. She has worked in Europe, Latin America and both the East and West Coast of the United States. Ana Carla is Certified Treasury Professional (CTP). She holds a B.A. in Political Science from Wellesley College and an MBA in Finance from The University of North Carolina at Chapel Hill, NC. She currently resides in South Florida and enjoys reading, landscaping and most of all spending time with her family.
-
Moderated by:
-
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Robert Novaria
Senior EuroFinance tutor and partner,
Treasury Alliance Group
Bob has more than 30 years of corporate treasury experience in the roles of treasurer, credit director, finance manager and controller at BP America and Amoco Corporation. He has successfully managed post-acquisition integrations, technology upgrades and corporate restructurings. Currently, Bob is a partner with the Treasury Alliance Group, leveraging his corporate experience in client engagements dealing with global treasury, risk and crisis management; cash management and cash flow forecasting; working capital management; shared service operations and general management. He also shares his experiences by tutoring others in courses such as international cash and treasury management, corporate risk management and cash flow forecasting, as well as by chairing, moderating and speaking at treasury conferences worldwide.
Fintech focus and AI in treasury
Fintech applications for treasury in the US and Lat Am have exploded in recent years, with the pandemic accelerating the drive to increased innovation and automation in treasury. More recently, AI is springing out of the labs of big tech to desktop chat and search applications in business and treasury. Whilst machine learning is now an embedded feature of forecasting and AP modules, AI promises a whole new level of analytics and data analysis,in treasury. Pioneering fintech innovators are now harnessing AI in the next generation of treasury applications, from forecasting to payments and cash management. In this panel we discuss the possibilities and projects that are developing AI to deliver productive outcomes for in treasury functions.
-
Gustavo Mendes
Corporate CFO and investor relations,
iFood
Gustavo Mendes
Corporate CFO and investor relations,
iFood
May 30th 2024-
04:20pm -5:00pmFintech focus and AI in treasury
-
-
Ivan Troufanov
VP, treasurer,
Celonis, Inc.
Ivan Troufanov
VP, treasurer,
Celonis, Inc.
May 30th 2024-
04:20pm -5:00pmFintech focus and AI in treasury
-
Moderated by:
-
Daniel Blumen
Partner,
Treasury Alliance Group
Daniel Blumen
Partner,
Treasury Alliance Group
Daniel L. Blumen, CTP is a founding partner of Treasury Alliance Group where he leads consulting engagements dealing with working capital management, systems integration, liquidity and risk management and other global treasury issues. Prior to co-founding Treasury Alliance in 2002, he was Managing Director of Knowledge Management Applications, a firm he founded in 1998. Dan was with Bank of America in Chicago and Singapore, where he managed the ASEAN region of the Global Payment Services Group. He also worked for Citibank in Chicago and in London where he had pan-European management responsibility for cash management business development. He has worked with large multinationals and emerging international companies and shares his experience as an author and as a frequent speaker at cash management gatherings worldwide.
Day 2 ends
Examine the factors shaping the US economy and how to respond to risk and uncertainty whether by streamlining operations, new cash management strategies or utilising technology from AI to APIs.
Networking breakfast
After 2 days of learning and networking, we will kickstart the final day with a luxury hot breakfast.
AI crash course for treasury - part 1
AI has massive cost-savings and revenue potential for your organization — but it’s hard to know where to start. In this interactive workshop, Section CEO Greg Shove will teach you how to think about AI as a treasurer and finance leader, adopt practical use cases for saving money and time in your organization, and build an AI business strategy that generates revenue while protecting your data. Come with questions for a rapid-fire Q&A at the end.
Part 1
Why Silicon Valley wants us addicted to AI (and why it’s here to stay)
How AI works and how to think about AI as a treasurer and finance leader
How you can get most value from AI as a CFO/treasurer:
– AI’s three personas (assistant, creator, thought partner)
– Finding your AI use case
– 3 practical use cases for CFOS & Treasurers
-
Greg Shove
Founder of Machine + Partners and CEO,
Section
Greg Shove
Founder of Machine + Partners and CEO,
SectionMay 31-
10:00am -10:45amAI crash course for treasury - part 1
-
11:30am -12:15pmAI crash course for treasury - part 2
Prior to Section, Greg founded five companies resulting in three exits (two of which were over $100M—2Market to AOL, SocialChorus to Sumeru Equity Partners). He is a hybrid Canadian (believes in a level playing field), British (does not quit), and American (dreams of something better). He is a graduate of the University of Western Ontario and Stanford Graduate School of Business.
-
Networking
AI crash course for treasury - part 2
Building an AI business strategy
– A framework for evaluating how your treasury can use AI (optimize, accelerate, or transform)
– AI business models – and what you should be asking of your treasury’s team pilots
– Strategies for data security in AI applications
Practical advice for you as a treasurer and finance leader and Q&A
-
Greg Shove
Founder of Machine + Partners and CEO,
Section
Greg Shove
Founder of Machine + Partners and CEO,
SectionMay 31-
10:00am -10:45amAI crash course for treasury - part 1
-
11:30am -12:15pmAI crash course for treasury - part 2
Prior to Section, Greg founded five companies resulting in three exits (two of which were over $100M—2Market to AOL, SocialChorus to Sumeru Equity Partners). He is a hybrid Canadian (believes in a level playing field), British (does not quit), and American (dreams of something better). He is a graduate of the University of Western Ontario and Stanford Graduate School of Business.
-