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34th EuroFinance International Treasury Management

October 15th-17th 2025 | Budapest

Agenda

You are viewing the 2024 agenda. The agenda for the upcoming event will be announced at the start of 2025.

Events continue to shape a complex and uncertain world, encompassing geopolitical risks and conflicts, economic volatility, supply and trade disruption and technological evolution. Treasurers are faced with an array of challenges, from the impact of wars on global trade, the potential for sustained high interest rates and the evolving future of work. AI’s arrival in business applications heralds a transformative force with the potential for great advances but also uncertain risks. In these plenary sessions, leaders share insights into creating new paths in corporate finance and treasury and provide a guide for navigating through turbulence as the global economy gears for growth.

Cash forecasting has come under intense focus in the current rate environment. Treasurers will discuss recent projects to improve and automate processes and enhance liquidity from eBam to building in-house banking facilities and collections. Sessions will also tackle advanced tools including pooling and intercompany netting and how to manage exchange controls and trapped cash to unlock working capital.

Moderated by:

In this stream treasurers share insights on how to unlock optimal liquidity and funding strategies fit for today’s complex financial environment. Treasurers discuss the challenges of managing liquidity, from corporate loan refinancing, navigating the current capital markets for bond issuers, to charting sustainable finance paths. Next-level SCF technologies and trade finance also come into focus.

Moderated by:
  • Renato Pestana

    Group treasurer

    Malahide

    X

Risks are ever evolving in treasury, from navigating inflation and interest rate risks to hedging price swings in commodities and foreign exchange. This stream explores smart strategies and solutions to manage volatile markets and the outlook for 2025. Topics include derivatives and hedging as inflation peaks and falls, the benefits of investing in money market funds and we provide an compliance update on corporate tax rules and KYC requirements.

This strategic stream explores the vital role of treasury in building partnerships across the business. Treasurers share how collaborating with business partners – including FP&A, legal and compliance and technology teams – is key to supporting business risks and achieving greater competitiveness.

Moderated by
  • Simon Jones

    Independent treasury expert

    X

In this stream, treasurers share their experiences in treasury transformation and digitisation and explore the power of intelligent information and actionable data. We also look at the future evolution of blockchain, the evolving payments ecosystem and share visions of how technologies will build the future treasury.

Moderated by
  • Dan Blumen

    Partner

    Treasury Alliance Group

    X

At the heart of the high-performing treasury of today are professionals rising to multifaceted challenges. Leaders share their insights into building diverse, agile and intelligent teams, to navigate the changing complexities of treasury operations in multinational companies.

Moderated by
  • Adrian Rodgers

    Senior EuroFinance tutor and director

    Arc Solutions

    X

International treasury management involves navigating treasury operations in business across global subsidiaries and supply chains, in developing markets and complex countries. In this section of the conference international treasurers, together with expert analysts in country and market risk, share their insights and experiences in treasury challenges in specific regions and countries.

Moderated by
  • Damian Glendinning

    Chairman of the advisory board

    CompleXCountries 

    X

Visit the Innovation Hub to test the latest solutions providing better connectivity, visibility and efficiency for treasury.

8.00am -9.00am

Registration and light breakfast

8.50am -9.00am

Conference welcome and opening remarks

9.00am -9.45am

Geopolitical risk and global trade: war and want

Wars in the Middle East and the Ukraine have heightened global tensions to a point where geopolitics overshadows economics in the minds of policy makers, economists and business leaders. The tensions between the US and China are fault lines at the forefront of global trade and supply chains, with the prospect of any conflict in Taiwan or North Korea, greatly destabilising. The arguably unifying forces of globalisation seem now ever more loose and fragmented as Russia, China and Iran draw deeper alliances against the US and the West. The impacts of conflicts on commodities, especially energy and food, continue to be felt in markets, as leaders seek solutions to food and energy security. In this US election year, many Americans support trade tariffs with China, as nearshoring supply and production gather pace and protectionist policies embed. On the positive side, emerging market trade agreements, such as Asia’s RCEP and Africa’s AfCFTA are achieving greater cohesion, as policymakers step up to enable trade to flow. In this opening session we focus on the geopolitical risks that pervade global trade and the work at national and multilateral level to develop policy and agreements to mitigate instability, uncertainty and conflict in global markets.

  • Helle Thorning-Schmidt

    Former prime minister of Denmark

    X
Moderated by
9.45am -10.30am

Higher for longer: interest rates and global growth

Global growth will continue to slow in 2024 at around 2.5 percent average, well below the historical levels that we have seen in the past two decades, due to high inflation and tightening monetary policy. Analysts predict interest rates will remain ‘higher for longer’, impacting market growth. In terms of economic recovery the emerging markets, Asia and Africa, lead the way at 3-6 percent growth. Slightly down on previous forecasts, the world’s largest economy in the United States will see growth at around 1-2 percent according to the Economist Intelligence Unit. Europe will grow just slightly above 1.4 percent, with Germany in recession in 2024. Behind the growth figures and predictions, inflation continues to slow the drag on growth and monetary policy easing slightly in 2025. In this session economists discuss the likely interventions of the European Central Bank and the Federal Reserve as well as central bank actions in emerging markets in the coming year to deliver a global analysis on rates and growth.

  • Thomas Harr

    Chief economist, head of economics and monetary policy

    Danmarks Nationalbank

    X
  • Jeromin Zettelmeyer

    Director

    Bruegel AISBL

    X
Moderated by
10.30am -11.40am

Networking break

Sponsored by:

Barclays 555x285
11.40am -12.30pm

AI IA: here to help?

The AI Safety Summit, held at Bletchley Park in 2023, attended by leading scientists and governments from over 30 countries, resolved to “sustain an inclusive global dialogue… and to continue research on frontier AI safety to ensure that the benefits of the technology can be harnessed responsibly for good and for all”. Whilst AI is rapidly advancing, with immense potential to transform society, concerns about the potential risks of AI, the Bletchley declaration was the first step towards the regulation of AI development. Fears around AI development are widespread, such as job destruction and displacement, bias in algorithms and decision making, influence in media with fake news and deep fake images influencing elections and weaponisation that might pose an existential threat. Yet the positive power of AI is also transformational, with intelligent agents (IA) being developed by big tech, ready to help and assist humans in every aspect of life, in a technological revolution that will be more transformative than the invention of the internet, or even the wheel. In this session we set deep minds on the question of AI and the benefits and challenges it will bring to us all.

  • Jeannette Gorzala

    CEO and founder
    Act.AI.Now

    X
  • Emanuela Girardi

    President
    ADRA (AI, Data, Robotics Association)

    X
Moderated by
12.30pm -2.00pm

Lunch

2.00pm

Triple A Technologies

Triple-A, the Digital Currency Financial Institution, enables businesses to pay and get paid in both traditional and digital currencies, volatility-free.

  • Erik Van Thielen

    Head of partnerships

    Triple-A

    X
2.00pm -2.40pm

Africa

Economic growth averaged 3.0 percent in the sub-saharan region in 2023, with a high of 8.6 in DRC and a low of -12.0 in Sudan, according to World Bank figures. Africa will continue its growth trajectory in 2025, boosted by economic expansion, service sector investment and rapid urbanisation. Yet security threats, political instability, climate change and debt burdens remain ongoing risks, for the year ahead. For multinationals, foreign exchange controls that effectively trap cash and capital, lack of currency convertibility and the challenges of moving money and receiving cross border payments, make Africa especially tough to manage from a treasury perspective. Treasurers here discuss core challenges and solutions in treasury operations, from cash management to FX, payments and automation, and workarounds they have found to ease the challenge of regional treasury operations across Africa.

  • Neiciriany Mata

    Head of finance

    Angola Cables SA

    X
  • Jyoti Jiwani

    Treasury transformation consultant

    X
  • Florian Benda

    Global head of treasury

    Puma Energy

    X
2.00pm -2.40pm

Taxing times: impact of evolving corporate tax rules for treasury

Recent changes in global corporate tax reforms, originating from the G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS), as well as the G7 group’s minimum global corporation tax initiative to bring harmonisation in tax policies, have been significant for treasurers. OECD group countries are signed to a 15 percent minimum rate and in many developed nations, corporation tax stands at around percent. These changes to the global tax system are important in that they impact the treasury on tax on domestic earnings and in terms of tax on cash repatriation and so influence decisioning on FX and local currency management. In this session tax analysts and experts assess the impact of corporate tax reform on treasury and how tax risks can be best managed to optimise liquidity.

  • Mo Malhotra

    Partner

    Deloitte LLP

    X
  • Antti Kyyrö

    EMEA and APAC treasurer

    Bio-Rad Laboratories

    X
2.00pm -2.40pm

What goes up: hedging price volatility in commodities markets

Given the recent volatility in currency markets driven by global events originating in the covid pandemic, through now to the Ukraine conflict and war in the Middle East, we can expect commodity prices to remain volatile in the medium term, impacting supply chains and markets. To combat volatility, treasurers are developing risk mitigation strategies around commodity exposures, especially in consideration of war, climate and event risks that can severely impact supply. In the session, treasurers discuss how they strategise around commodity risk with business partners and evaluate potential hedging strategies, such as forwards and options, to manage uncertainty in commodity prices and limit downside risks. Treasurers also consider the technologies that help in decision making and in the execution of hedging commodity derivatives.

  • Henry Millhouse

    Procurement director, commodity risk management

    Unilever

    X
  • Jonathan Knuppel

    Assistant treasurer trading & investments

    Jaguar Land Rover

    X
  • Oksana Pidkuyko

    Managing director, head of client analytics
    Standard Chartered

    X
Moderated by
2.00pm -2.40pm

Revolver roulette: risks in corporate loan refinancing

Some $11 trillion dollars of global corporate loan refinancing is due to come on stream in 2024/5 signalling the biggest refinancing exercise in corporate history, according to leading rating agencies. With many revolver loans taken out at lower rates in the covid period now reaching term maturity, a huge volume of debt will need to be financed at higher rates in the coming year. In this session we look at the challenges in refinancing and restructuring corporate debt in current markets and how treasurers and CFOs are working together to manage refinancing risks. Strategies include modelling the impact of refinancing loans across the business and managing maturities and covenants in line with the overall capital structure and risk tolerance of the business. Treasurers on the panel will speak from the perspectives of investment grade and non investment grade ratings status.

  • Ramón Tolk

    Senior director treasury

    Avery Dennison

    X
  • Joe Fonseca

    VP, global treasurer

    Crocs Inc. 

    X
  • Alan Chitty

    Group treasurer

    Pepco

    X
2.00pm -2.40pm

Collections: improving and automating the process for enhanced cash flow

Treasurers say that improving and automating the collection process can be a highly effective and efficient way of enhancing cash flow to the treasury and improving the working capital position of business units. Whilst treasury relies to a large extent on accounts receivables colleagues in this process, the treasurer can be involved in the project to improve collections and reduce days sales outstanding (DSO) accelerating cash conversion and working capital. From invoice generation to receipt of payment, reconciliation and entry in the receivables ledger, the automation of the process through straight-through-processing (STP) technologies can assist the treasurer in forecasting cash flow and predict the status of cash balances. In optimising the collection process through automated systems, receivables can be viewed in near real time, reducing the potential for late payments and need for factoring arrangements. In this session treasurers discuss their role in the receivables process and how automation benefits cash flow.

  • Roberto Rossetti

    Treasury and funding manager
    HERA SPA

    X
  • Elise Hoyet

    Head of virtual account and payment factory domain
    Societe Generale

    X
2.00pm -2.40pm

What does the smart treasury team look like now?

Back by popular demand, this session is dedicated to discussion on the optimal composition of the modern treasury team, achieving the best balance of skills, experience, training, education and backgrounds for team members to deliver best in class performance. With consideration of the ever evolving financial and technical skills required, together with diversity of gender, ethnicity and experience to bring in different perspectives and thinking, the panel will discuss also how the team is optimally organised in terms of remote and office working and centrally or regionally located to support business operations. As no two treasury teams are quite the same, we look at treasury teams across different sectors and markets to identify similarities and differences in structures to deliver optimal treasury execution that makes a strategic advantage.

  • Susana Aristizabal

    Senior manager, international treasury
    eBay

    X
  • Paul Misere

    Senior director treasury
    Medtronic

    X
  • Kemi Bolarin

    Head of treasury, Europe
    GXO Logistics, Inc.

    X
2.00pm -2.40pm

AI: practical applications in treasury, take two

In recent conversations with treasurers discussion on AI has focussed on the practical applications of AI in treasury, rather than on the potential of AI to transform business and society. When examining how AI can be practically applied today, treasurers begin to head scratch, because beyond predictive analytics in cash forecasting, AIs application is rather limited in treasury to date. Some point to AIs ability to write code as useful, others see that AI could help write and connect APIs. Others see generative AI as a great communication tool. In a recent webinar, treasurers expressed concern about the use of data in AI, especially in public large language models, such as Chat GPT. Treasury data cannot be given up to public AI platforms and so proprietary AI systems and tools need to be built inside companies to protect data. So beyond all the hype and noise and the vast investments currently being funnelled into AI start-ups, treasury has some way to go to reap the benefits of powerful AI applications. In this session, we take a second look, as treasurers again discuss where AI will best be practically applied in the treasury now and in the future.

  • Royston Da Costa

    Assistant treasurer
    Ferguson plc.

    X
  • Lee-Ann Perkins

    Assistant treasurer

    Ankura

    X
  • Daria Severina

    Director treasury

    ASML Netherlands B.V

    X
2.00pm -5.20pm

Conference breaks into streams

Delegates can choose between 7 streams. Please see the tabs at the top of this page.

2.20pm

Calastone Limited

Money Market 3.0 – Connectivity, Tokenisation and Digital Distribution

  • Ed Lopez

    President, global money market services

    Calastone

    X
  • Simon Keefe

    Managing director and head of digital solutions

    Calastone

    X
2.40pm

FinanceKey Oy

FinanceKey provides a modern, AI-powered treasury solution and a single API to take advantage of multi-banking, in real-time. Customers can choose to leverage FinanceKey’s easy-to-use user interface for cash management, payments, account validation, and AI-powered short-term cash forecasting — or use FinanceKey as a treasury aggregator, feeding structured data to ERP, TMS and other systems. With a self-service implementation, FinanceKey helps businesses gain an immediate return on investment without heavy and costly implementation projects.

  • Veikko Koski

    Founder

    FinanceKey

    X
  • Macer Skeels

    Co-founder and CTO

    FinanceKey

    X
2.40pm -3.20pm

India

The world’s largest democracy re-elected Modi for a third term in 2024, with the economy enjoying 7 percent growth into 2025. Political stability and economic growth has given rise to the great industrial conglomerates in India, including Tata, Reliance, Essar and technology giants Infosys and Bharti Airtel. Many multinational corporations have shared service centres in India, notably Bangalore and Hyderabad. Yet treasury faces challenges, the rupee is non convertible, local administration and regulation is cumbersome and state banks pervade business even after years of banking liberalisation. In this session we discuss the challenges for treasury in India, as well as some of the challenges Indian corporates face in doing business with the rest of the world.

  • Amit Baraskar

    Vice president and head, treasury

    Thomas Cook (India) 

    X
2.40pm -3.20pm

Treasury transparency: achieving visibility to better support business risk

“Treasury cannot operate in a silo”, is a frequent refrain echoed by treasurers in both complex multinational companies and small companies alike. In a very practical sense the treasury team needs to work with internal finance operations to gather the required data for forecasting and understanding risk. Treasurers say that the key to not operating in a silo, is in connecting and communicating with internal strategic business partners to align on objectives, strategies, and processes of risk management. Embedding this framework is key to enable treasury to manage ongoing business transformation; through organisational change, market shifts or M+A activity. In this session, we explore how the treasurer can connect across the business, increasing visibility and data points to produce more accurate forecasts, improve risk management through the effective management of FX and hedging processes,thereby adding critical perspective to enterprise-level strategic conversations.

  • Mack Makode

    VP and treasurer

    Under Armour

    X
  • Amol Dhargalkar

    Managing partner, chairman,

    Chatham Financial 

    X
  • Catalina Sierra

    Assistant treasurer

    O-I Glass

    X
Moderated by
  • Caroline Stockmann (Moderator)

    Non-executive director

    Bank of England, Oxfam International, CIPD, KCSP, Guildhall School Trust

    X
2.40pm -3.20pm

Working capital optimisation: generating liquidity on demand

Working capital has taken centre stage in many corporate treasuries not least because treasurers and their CFOs would wish to avoid borrowing further in the current elevated rate environment. So the focus and priority for many treasurers and financial planning colleagues is on managing the company’s short-term assets for liquidity, whilst limiting liabilities. Even though inflation is stabilising in many markets, costs in supply chains for specific commodities are significantly elevated on previous prices. Having very detailed analysis on costs gives the treasurer greater visibility over the working capital needs of specific business units. Through strategic partnering with business managers, treasurers together can work on optimal working capital positions, identifying assets on the balance sheet to provide liquidity when and where needed in the business. In this session treasurers discuss the challenges in working capital optimisation in current markets and the techniques around bolstering working capital positions including the optimisation of cash conversion cycles and the use of payables, receivables and inventory financing in specific scenarios in the business.

  • Line Bastholm Helledi

    Head of treasury
    Maersk Tankers

    X
  • Bruno Saraiva

    Group financing director
    Forvia

    X
  • Riikka Alatalo

    Senior manager, export and trade finance

    ABB

    X
  • Katherine Earl

    Head of trade and working sales, Europe and global sector lead industrials & mobility
    Citi

    X
2.40pm -3.20pm

Pooling for visibility: creating efficiency in cash concentration

Cash concentration and pooling has come into a heightened focus in treasury recently essentially because of the need to free cash from pools in areas of the business, to avoid additional borrowing and external financing at elevated rates. The focus on the development of centralised cash concentration, to zero balances and distribute working capital, or invest cash in funds, is now an essential treasury discipline. Creating the visibility to see where cash pools exist and the automated flows to ensure that cash is concentrated into a single viewpoint, including foreign currency accounts, are key priorities in cash management reporting. In this session treasurers discuss their challenges in the cash concentration and pooling process and the resources and technologies that they are using to enable greater strategic visibility in cash management across the business.

  • Mania Kimpezi

    Director, global treasury operations
    LyondellBasell

    X
  • Rebeca Wiadacz

    Staff director global cash management
    FedEx

    X
  • Chris Jameson

    Head of product EMEA – global payments solutions
    Bank of America

    X
2.40pm -3.20pm

Innovation in global FX and payments. enabling growth

Treasurers frequently find FX operations complex when managing receivables in multiple local currencies across global markets. Complexity is compounded where local currency transactions are handled by multiple third-party payment service providers operating different FX conditions. Where major currencies such as US dollar and Euro FX transactions can be straightforward and often handled in-house through automated processes, managing the FX exposure of some of the minor currencies can be inefficient from both a cost and operational perspective. For currencies that do not form part of their core currency internal management programme, treasurers and internal stakeholders in FX and payments look to treasury and cash management services in partner banks to provide solutions in complex and challenging scenarios, where the alternative would be to continue with complex and challenging operational processes and leave significant cost efficiencies on the table. In this unique case study, we hear how Spotify, have implemented an automated solution to manage the collection and FX conversion of minor currencies into their functional currency and routed to Spotify’ header account at a third-party bank. This solution offers capability for 30+ incoming currencies to be converted allowing Spotify to further scale their collections processes achieving enhanced operational efficiencies and cost savings.

  • Jan Lesniewski

    Head of financial markets, treasury manager
    Spotify

    X
  • Johnny Grimes

    Global head of corporate cash product, head of corporate bank Ireland, cash UK and EMEA
    Deutsche Bank

    X
2.40pm -3.20pm

Diversity and inclusion in finance and treasury

Diving deeper into diversity and inclusion in finance and treasury teams, this diverse panel will discuss the corporate and market benefits of D&I strategies, in alignment with ESG and SDG initiatives. From diversification in the socio-economic base, to ethnicity variance and disability and neurodiversity accommodations, the panel will reflect on the benefits of a team that is reflective of the society and customers that the business serves. The panel will also explore the internal challenges and barriers to diversity and how to overcome them as well as the components and characteristics of what makes a great diverse treasury and finance team. 

  • Linette Nielsen

    Corporate vice president, corporate treasury
    Novo Nordisk

    X
  • Sayan Mukherjee

    VP treasurer
    Nexperia

    X
  • Mandana Sadigh

    SVP and treasurer

    Mattel Inc.

    X
2.40pm -3.20pm

Partnering with FP&A teams for enhanced financial modelling

The strategic relationship between the corporate treasurer and the head of financial planning and analysis (FP&A) in respect of financial forecasting is essential for accurate and reliable cash forecasting in treasury. FP&A expertise in financial modelling and variance analysis, helps treasury develop financial forecasts that can be used to inform strategic decision-making. FP&A can develop financial models that include the treasurer’s view on cash positions and use these models to forecast the company’s financial performance. The head of FP&A can also analyse the results of the forecast and identify potential risks. In this session, treasurers and FP&A colleagues discuss how they work together to develop forecasting models that inform strategic financial decision-making and optimise cash and capital.

  • Han Hoestra

    VP, treasury

    Prologis

    X
  • John Colleemallay

    Senior director, group treasury and financing

    Dassault Systèmes

    X
3.00pm

PrimaTrade Systems Limited

Over 700 companies across 26 countries now trust us to digitalize their shipments, match their purchase orders, and automate access to supplier financing. Sounds complicated – but the principles are simple. This is “cash against data” – a new way to manage the financial side of your supply chain (purchase orders to payments, integrating trade and supplier finance).

  • Tim Nicolle

    Founder

    PrimaTrade

    X
3.20pm -4.00pm

Networking break

Sponsored by:

Societe Generale 555x285 white
3.20pm -4.00pm

Networking break

Sponsored by:

Societe Generale 555x285 white
3.20pm -4.00pm

Networking break

Sponsored by:

Societe Generale 555x285 white
3.20pm -4.00pm

Networking break

Sponsored by:

Societe Generale 555x285 white
3.20pm -4.00pm

Networking break

Sponsored by:

Societe Generale 555x285 white
3.20pm -4.00pm

Networking break

Sponsored by:

Societe Generale 555x285 white
3.20pm -4.00pm

Networking break

Sponsored by:

Societe Generale 555x285 white
4.00pm

Fipto Holding

Cross-border payments at blockchain speed

  • Grégoire Andrieu-Guitrancourt

    Co-founder and CRO

    Fipto

    X
  • Charlotte Thoumy

    Head of partnerships

    Fipto

    X
4.00pm -4.40pm

Latin America: Creating optimal treasury infrastructure in LatAm markets

The LatAm region is experiencing high inflation and elevated rates across several economies, notably Argentina where inflation is in excess of 200 percent. In the region’s largest economy, Brazil, inflation running at 4.5 percent with rates at 10.5 percent, GDP in 2024 is set to fall to 1.5 percent, yet will climb to world’s ninth largest economy at US$2.1trn. In this session we discuss the challenges of operating treasury in Brazil and LatAm markets, with cases studies and from leading treasurers in the region including the agriculture and infrastructure sectors. Agricola Alvorada will discuss the optimal organisation of treasury operations in Brazil, and Aliaxis will describe their recent restructuring of treasury operations, encompassing cash and fx management, international and local banking operations, and liquidity, funding, credit provision and supplier operations across 10 Latin America countries.

  • Séverine Le Blévennec

    Global head of treasury
    Aliaxis

    X
  • Leandro Wendt

    CFO
    Agricola Alvorada

    X
4.00pm -4.40pm

Like clockwork: how to build a successful SCF program

Supply chain finance consists of many moving parts and creating a successful and finely tuned global operation at scale is a tough task for the treasury.  Given the recent history of SCF, with some notable negative market events, the challenge in creating successful programs includes lessons learned and a strategic review of risks to ensure a robust system. From reviewing funding panels and liquidity providers, to selecting the right platform to onboard and manage suppliers, as well as navigating regulatory and rating agency scrutiny of on/off balance sheet SCF accounting, treasurers tread a careful line to ensure compliance and manage counterparty risks.  In this session, we hear how two major multinational companies have built successful supply chain programmes across their businesses, negotiating payment terms and hedging interest rates with suppliers as well as embedding ESG and sustainability metrics in supply contracts. Treasurers discuss their strategic relationships with banks, platforms and suppliers, identifying the components and technologies critical to successful operations, as well as the strategies to mitigate against financial and operational risks, to enable programmes to run like clockwork.

  • Kirsty Craig

    Regional treasurer EMEA & APAC

    General Mills

    X
  • Takachida Kuhudzai

    Corporate treasury manager, EMEA
    Kimberly-Clark

    X
  • Paola Jimenez

    Team lead treasury analytics

    Zalando

    X
4.00pm -4.40pm

FX natural v financial hedging: key strategies and technologies

With a strong US dollar and declining values in exotic currencies in some markets foreign exchange hedging has become a key area of focus for many treasurers with multinational operations, particularly in emerging markets. The discussion around strategies to manage FX risk usually revolves around decisions concerning natural hedging versus financial hedging of specific currency pairs. For companies that do business in specific countries, local cash operations to match payables and receivables in local currencies is a key natural hedging solution, with a drive toward centralisation and lower costs of business. Financial hedging also is a key strategy, though expensive and forwards, futures and options contracts can be difficult to implement and complex in volatile markets. In this session treasures discuss natural v financial hedging and how automation and dynamic FX trading supports strategy.

  • Ansar Hussain

    VP, corporate finance and group treasurer

    Virgin Atlantic

    X
  • Hardeep Dhamu

    Treasury manager APAC and EMEA
    Extreme Reach

    X
  • Harpreet Dhaliwal

    VP of sales and trading

    GPS

    X
Moderated by
4.00pm -4.40pm

The strategic role of the treasurer continues to evolve across the business as markets rapidly evolve to adapt to economic and technological changes. Ask treasurers what key areas preoccupy their thoughts, and reply ‘rates’ and ‘AI’ are frequently mentioned. Key areas for strategic management in treasury include navigating the elevated rate environment in both liquidity management and short term cash investment strategies. With a laser-like focus on liquidity, given the current elevated cost of capital, treasurers are deploying several lines of attack in liquidity management, from increasing cash reserves, extending debt maturities, hedging against interest rate risks in derivative markets, enhancing cash flow forecasting to better predict cash flow. In short term investments, treasurers are managing cash investments for yield in the current elevated rate environment, with a short term view, with rate cuts priced in for late 2024. In the treasury technologies, the use cases for AI are emerging in areas such as cash forecasting and liquidity planning, where the use of predictive analytics can help forecast cash flow, liquidity requirements and surplus cash for short term investments. In this session we discuss the findings of a recent global corporate treasury survey in the context of strategic planning for cash investments, liquidity management and the emerging technologies that support data driven decision making in treasury.

  • Mandana Sadigh

    SVP and treasurer

    Mattel Inc.

    X
  • Daniel Farrell

    Head of international portfolio management, global fixed income

    Northern Trust Asset Management

    X
4.00pm -4.40pm

Case study - Blockchain: what’s new for treasury?

When asked about blockchain applications, treasurers reflect, that whilst the technology was once discussed at every treasury conference, more recently they hear little about it. Yet many would still like to know more on how blockchain is evolving and being applied in treasury now. Whilst blockchain and distributed ledger technologies have been transformational in providing secure platforms for transactions, their use cases in a treasury context, has to date been largely in supply chains and trade finance contracts. Smart contracts on private blockchains are now a standard protocol to bring together multiple suppliers and banks in secure transactions and payments flows, with a secure view of data, offering transparency whilst reducing fraud risk. As digital currencies and tokenised assets develop, distributed ledger technologies are likely to proliferate as secure conduits for the transfer of value between counterparties. 

4.00pm -4.40pm

The treasurer in transition: moving in, on, up, out, across, other…

Treasurers often speak about the strategic role of treasury and the multifaceted role of the treasurer, especially in liquidity management, financial planning and risk management. Treasurers also reflect on the transferability of treasury skills between companies and sectors. Discussion as to whether treasurers should be given job titles such as ‘Chief Treasury Officer’, or ‘Chief Liquidity Officer’ to better reflect their strategic role in the business can be heard on the sidelines of treasury events and in articles on treasury management. In this session treasurers discuss their treasury careers, the transferability of their skills between companies, the strategic rise of the treasury function, the directions for the treasurer transitioning from treasury to related roles in the business, including chief risk officer and chief financial officer and whether treasury is increasingly becoming a c-suite function. 

  • Marianna Polykrati

    Group treasurer
    Avramar Group

    X
  • Ayca Arisoy-Kilic

    Head of treasury EMEA and Asia
    Bunge

    X
  • Edwin Koopmans

    VP, corporate treasury

    Lufthansa

    X
4.00pm -4.40pm

Aligning priorities: strategic partnerships with heads of business units

It’s no secret that ambitious treasury transformation has become a requirement for businesses looking to stay ahead of the curve. But no treasury innovation happens in silo. And as treasurers’ roles expand, it’s crucial to develop an ecosystem of partners, stakeholders and advocates to unlock opportunities together. Join Susana Aristizabal, Senior Manager at eBay, as she delves into eBay’s multi-year treasury transformation, how to adapt in a fast-changing industry, and building internal buy-in across the company.

  • Susana Aristizabal

    Senior manager, international treasury
    eBay

    X
4.40pm -5.20pm

Asia-Pacific

The Asia-Pacific region, with around 40 currencies and complex and ever evolving economic and regulatory environments, presents treasurers with significant challenges in cash management, cash pooling and freeing trapped cash, as well as local liquidity challenges, cross-border payments and receivables, and complex FX operations. Yet regional treasury centres Asia in Singapore and other major centres, are at the centre of fast growing and innovative markets. For treasurers with operations in China, increasing protectionism and nearshoring of supply in the US and European is a recent market development in a general de-globalisation trend. In this session our complex countries experts help navigate the treasury challenges in Asia.

  • Sayan Mukherjee

    VP treasurer
    Nexperia

    X
  • Martin Meloun

    Senior director, international treasury

    Edwards Lifesciences

    X
4.40pm -5.20pm

Safeguarding cash and working capital amidst uncertain market conditions has caused many hours of lost sleep for corporate treasurers recently. Whilst derivatives for hedging are not a cure for insomnia, they can reduce volatility, at a cost. Derivatives can be a powerful strategy for mitigating risks and futures contracts that lock in prices and protect against market fluctuations and can benefit companies in rising markets. Options contracts to buy assets at agreed prices, offer flexibility against volatile movements. Yet with a spectrum of risks to hedge, from FX risks in several markets, commodities risks from fuel to raw materials, as well as inflation and rate risks, with swap contracts, derivative contracts can be complex to and expensive to manage. In this session treasurers who have recently reviewed their derivative hedging strategies, discuss the factors that influence which derivatives to utilise in specific markets and how they work with risk teams and align with the company’s overall risk management strategy.

  • Dimitrios Siokis

    Group treasurer
    Coca-Cola Hellenic Bottling Company

    X
  • Philip Maton

    VP treasury, head of risk and operations

    Liberty Global

    X
  • Jean-Baptiste Disdet

    Treasury technology director

    Japan Tobacco (JT Group)

    X
Moderated by
4.40pm -5.20pm

SCF technologies: next level automation for buyers and suppliers

Supply chain finance is expanding throughout markets as buyers and suppliers align in the mutual benefits of working capital uplift. Collaboration between buyers, suppliers and financial institutions to optimise working capital across the supply chain has gathered pace in the current rate environment, injecting much needed liquidity across markets. In leveraging technology platforms and data-driven insights, treasurers involved in supply chain finance programmes can automate invoice processing, reduce payment delays and mitigate financial risks. Payment technologies, such as predictive analysis and supplier onboarding, have revolutionised the payables financing landscape, making it more efficient, transparent and accessible than ever before. Artificial Intelligence (AI) algorithms are transforming the payables process, enabling treasurers to make more informed decisions and deliver working capital solutions for specific business needs. Treasurers play a key role in implementing effective payables supply chain financing strategies, operating advanced techniques and technologies to optimise working capital and enhance liquidity to businesses. In this session treasurers share their insights into SCF programmes, processes and technologies and demonstrate the benefits to participants.

  • David Smith

    General manager, cocoa treasury
    ofi

    X
  • Stephan Albers

    Head of treasury

    HRS Group

    X
4.40pm -5.20pm

Case study - Building the in-house bank: enhancing internal liquidity

The development of in-house banking capabilities and liquidity platforms and facilities for the business and its subsidiaries is a key activity of treasuries in multinational companies. The growth of in-house banks in companies is now gathering significant pace, as internal liquidity is prioritised in the current rate environment. The requirements of in-house banking facilities are such that treasurers need to work closely with both internal strategic business partners to ensure the success of the essential project, especially in payments and collections on behalf of subsidiaries and intercompany loans. In this session treasurers who have built and are in the process of building in-house banking facilities share their current experiences and reveal what is new in EPR/TMS technologies that enable internal liquidity platforms.

  • Lena Myklebust

    Head of cash management infrastructure

    Equinor

    X
4.40pm -5.20pm

APIs: standardisation, aggregation and integration

Application programming interfaces in treasury, just a few short years ago were few and far between, yet now many treasurers are engaged in API projects, to enable secure data exchange between different software applications. Most notably between banking portals and treasury management systems. The enhanced data visibility and interoperability that APIs bring to treasury are clear benefits, as treasurers seek to build ever more intelligent software systems for multi-channel banking, payments, as well as connectivity with cash management and forecasting tools. Yet treasurers are often challenged, even frustrated, at the differing protocols and lack of standardisation in banking APIs. This often means that not all banking partners or third party applications can be connected or integrated on the same platform, or not at least without time, resources and budget for another technology project and business case to demonstrate the benefits of investing in the API transformation. Whilst third party aggregation is a potential solution, treasurers express some concerns around data sharing and security. 

  • Bruce Edlund

    Group director, assistant treasurer

    Cloud Software Group

    X
  • Gordon Elliott

    Sector lead

    HSBC Global Payments Solutions

    X
4.40pm -5.20pm

Creating strategic value with data teams

Nurturing an effective strategic partnership with heads of technology and data teams is essential for treasurers to optimise the benefits and capabilities of treasury technology, especially in ERP/TMS systems and to enhance data visibility. With an increasing number of technology professionals entering treasury, a strong and collaborative relationship between treasurers and data teams is yielding such as improved data accuracy for data driven decision making and the automation of treasury processes, including payments and FX, reducing errors, improving efficiency and lowering costs. In this session, treasurers and technology professionals discuss their symbiotic partnerships and ways of working to create optimal value in data analysis and reporting and in planning and implementing strategic technological transformation in treasury.

  • Kemi Bolarin

    Head of treasury, Europe
    GXO Logistics, Inc.

    X
  • Alexandra Bocharnikova

    Senior vice president, treasury and AP operations
    W. P. Carey

    X
  • Jenny Schulz

    Former senior treasury director

    Swedish Match Group

    X
4.40pm -5.20pm

Creating value with investor relations and pensions teams

Treasurers can wear many hats and a frequent combination of the treasury function is in investor relations. In some cases this can involve responsibilities where the treasurer can sit on the investment committee and have oversight on pension investments too. So treasurers can play a key role in maintaining strong relationships with investors and managing pension obligations. Effective collaboration between treasurers, investor relations teams and pensions teams is crucial for ensuring investor confidence, navigating investment markets and funds to ensure the safeguarding of company schemes. Treasurers, investor relations teams and pensions teams can all work towards yielding significant benefits for the business, investors and employees. In this session, treasurers and investor relations colleagues discuss how they work together to make informed investment decisions, including pension funding strategies, based on strong market analysis, in view of market volatility, pension liabilities and investment risks.

  • Florence Tresarrieu

    Global SVP, investors relation and treasury
    Pernod Ricard

    X
  • Ferdinand Jahnel

    VP, treasurer
    Marsh & McLennan Companies, Inc.

    X
5.20pm -7.00pm

Networking reception

Sponsored by:

NTAM 555x285 1

Events continue to shape a complex and uncertain world, encompassing geopolitical risks and conflicts, economic volatility, supply and trade disruption and technological evolution. Treasurers are faced with an array of challenges, from the impact of wars on global trade, the potential for sustained high interest rates and the evolving future of work. AI’s arrival in business applications heralds a transformative force with the potential for great advances but also uncertain risks. In these plenary sessions, leaders share insights into creating new paths in corporate finance and treasury and provide a guide for navigating through turbulence as the global economy gears for growth.

Cash forecasting has come under intense focus in the current rate environment. Treasurers will discuss recent projects to improve and automate processes and enhance liquidity from eBam to building in-house banking facilities and collections. Sessions will also tackle advanced tools including pooling and intercompany netting and how to manage exchange controls and trapped cash to unlock working capital.

Moderated by:
  • Dan Blumen

    Partner

    Treasury Alliance Group

    X

In this stream treasurers share insights on how to unlock optimal liquidity and funding strategies fit for today’s complex financial environment. Treasurers discuss the challenges of managing liquidity, from corporate loan refinancing, navigating the current capital markets for bond issuers, to charting sustainable finance paths. Next-level SCF technologies and trade finance also come into focus.

Risks are ever evolving in treasury, from navigating inflation and interest rate risks to hedging price swings in commodities and foreign exchange. This stream explores smart strategies and solutions to manage volatile markets and the outlook for 2025. Topics include derivatives and hedging as inflation peaks and falls, the benefits of investing in money market funds and we provide an compliance update on corporate tax rules and KYC requirements.

This strategic stream explores the vital role of treasury in building partnerships across the business. Treasurers share how collaborating with business partners – including FP&A, legal and compliance and technology teams – is key to supporting business risks and achieving greater competitiveness.

Moderated by
  • Simon Jones

    Independent treasury expert

    X

In this stream, treasurers share their experiences in treasury transformation and digitisation and explore the power of intelligent information and actionable data. We also look at the future evolution of blockchain, the evolving payments ecosystem and share visions of how technologies will build the future treasury.

Moderated by
  • Bas Rebel

    Independent treasury professional

    X

At the heart of the high-performing treasury of today are professionals rising to multifaceted challenges. Leaders share their insights into building diverse, agile and intelligent teams, to navigate the changing complexities of treasury operations in multinational companies.

New for treasurers who wish to network, talk openly and share ideas with peers, treasury circle sessions are moderated group discussions where all delegates can join in the conversation. The topics for discussion are broad to create space to share specific experiences and challenges in treasury management.

 

Visit the Innovation Hub to test the latest solutions providing better connectivity, visibility and efficiency for treasury.

8.00am -8.50am

Registration and light breakfast

8.50am -9.00am

Welcome to day 2

9.00am -9.45am

Future of work: new worklife for all

Work is in rapid transformation, driven by technology, demographic shifts and changing relationships between employees and employers since the global pandemic. Remote work is now commonplace with over three quarters of employers enabling employees to work remotely. Automation is the greatest driver of change; according to a McKinsey report, whilst 800 million jobs could be lost to automation, 950 million new jobs could be created in this decade. The World Economic Forum predicts that half the global workforce will need to upskill or reskill by 2025 to meet skills demand. Expectations in work-life are changing. Employees are less loyal and with a huge rise in the gig economy, billions of workers in both developed and emerging economies are on temporary contracts. Demographics also point to the growth of older workers in developed economies and younger workforces in developing economies such as India and Nigeria. In this session we look at the future of work and how these changes will impact companies, people and jobs in the next decade.

  • Claudia Olsson

    Founder and CEO
    Stellar Capacity and young global leader
    World Economic Forum

    X
9.45am -10.30am

The future of money

Aside from the humble banknote, money just doesn’t look the same as it used to. Today, there are more digital transactions than physical transactions and whilst physical currency will likely always be here, digital money dominates. The drive towards central bank digital currencies is gathering pace throughout the world, with many central banks developing CBDCs in pilot projects. Already concerns around use cases, the desirability of programmable money, the role of commercial banks in distribution, the fears of centralised control of personal finance and government digital wallets controlling tax collection, for example, are hotly debated. In parallel, the advent of tokenization and the storing of asset value within digital wallets which can be traded, is a technology which is gathering some momentum. At the same time the future for unregulated cryptocurrencies is uncertain, not least after the FTX collapse. So what really then is the future of money? Will we see the wide scale adoption of central bank digital currencies and possibly greater regional currency unions, especially in emerging markets? Will the dollar ultimately be challenged as the global currency by the renminbi, or will we see a bifurcation or trifurcation of currency alignment in dollar, euro and yuan? How will the role of commercial banks evolve in the digital currency era? In this session we look into the future of money and searching questions on what money will look like a decade and more from now.

  • Britta Döttger

    Group treasurer
    Roche

    X
  • William Lovell

    Senior technology advisor

    Bank of England

    X
10.30am -11.10am

Networking break

Sponsored by:

Goldman Sachs
11.10am

The new era of treasury management

Embat is the next-generation treasury management platform, providing a centralised tool for banking connectivity, treasury processes, payment automation and automated accounting and reconciliation. With real-time connectivity to all major ERP systems, as well as to more than 15 thousand banks around the world, Embat allows finance teams to save up to 75% of the time usually dedicated to treasury tasks, while providing real-time and global insights on cash and debt positions

  • Antonio Berga

    Co-CEO and co-founder

    Embat

    X
11.10am -11.50am

Redefining working capital financing: bespoke pathways in a diverse credit universe

As treasurers navigate an elevated interest rate environment, the need to explore structured working capital solutions has intensified. Treasurers increasingly require flexibility in funding solutions for effective liquidity management, particularly for sub-IG corporates with unconventional credit profiles. Smart financial solutions, providing extension of supplier payment terms, receivables monetization and securitization, are becoming essential tools for sustainable cashflow optimisation and improving overall financial performance. In a diverse and challenging market, these working capital strategies offer treasurers the agility needed to navigate rising capital costs and achieve optimal free cash flow targets. In this session, treasurers and finance experts highlight the impact of collaborative efforts to optimise working capital, reduce financing costs and achieve key financial targets in treasury.

  • Simon Hale

    Financing lead

    Tesco Mobile Limited

    X
  • Dennis Onwezen

    Head of treasury and investor relations

    VodafoneZiggo Group B.V

    X
  • Razvan Coarca

    Head of Liberty Specialty Finance

    Liberty Global Specialty Finance Limited

    X
Moderated by
11.10am -11.50am

Trade finance technologies and treasury

Trade and treasury go hand in hand and although trade finance is often arranged by finance teams outside treasury, treasurers play a key role in managing flows from trade receivables. Trade finance, like supply chain finance, is in a period of rapid transformation driven by technologies such as blockchain, changing supply dynamics driven by events and an evolving regulatory environment. Treasurers and finance partners in the business are onboarding solutions to optimise trade finance operations. Trade finance platforms are emerging as centralised portals or gateways for managing trade transactions, connecting banks, corporates, customers and key stakeholders such as ECAs, providing visibility, transparency and connectivity across the trade finance ecosystem. In this session treasurers and their trade finance partners discuss the evolving technologies in trade finance and the relationship with treasury.

  • Petra Hunjet Moison

    Global head export and trade finance, treasury
    ABB

    X
11.10am -11.50am

Risks: dodging curveballs

An open discussion anecdotally citing times when treasurers have managed risks by practically putting in place mitigation measures against unexpected market curveballs. The moderator will encourage delegates to share experiences and reflect on how to best manage ongoing operational and market risks across the spectrum of treasury activities.

  • Sayan Mukherjee

    VP treasurer
    Nexperia

    X
  • Royston Da Costa

    Assistant treasurer
    Ferguson plc.

    X
11.10am -11.50am

Transforming treasury: the power of collaboration and innovation in payments

Behind every story is a payment, and behind every payment sit treasury teams, transforming their operations to adapt to ever-changing markets and the speed of payments innovation. As treasurers prioritise data control, visibility, automation, and data-driven decision making, they have access to the best technology, plus strong relationships across their organisations. As the roles of both treasurers and technologists evolve at pace, this symbiotic partnership is now a crucial pillar of treasury transformation. Collaboration between treasurers and technologists in payments revolves around the creation of interoperable smart systems and rails, linked through the ERP, and unified through bespoke APIs, to enable payments and transaction data to flow seamlessly into treasury management systems. People power payments – join us to discuss the human stories behind payments experiences.

  • Frida Nilsson Viberg

    Treasury specialist

    Nasdaq

    X
  • Karina Bernth Sagild

    Head of treasury front office

    Ørsted

    X
  • Frank Waechter

    VP treasury and insurance

    PUMA

    X
  • Ambareen Morshed

    Head of multinational large corporates payment sales, Europe, Middle East and Africa

    J.P. Morgan Payments

    X
11.10am -11.50am

Case study - Investments: identifying risks across the spectrum of treasury assets

Whilst the stated aim of treasury is cash preservation over yield, it is the case that the upside to elevated rates is higher investment returns, especially in cash deposits and short term fixed income. Investment in treasury will always necessarily reflect the company’s liquidity position and risk tolerance and investment mandate and objectives. In this session treasurers discuss risk across the spectrum of treasury investment, from relatively low risk cash and cash equivalents such as money market funds, treasury bills and commercial paper to short-term fixed income, such as treasury bonds, corporate bonds and municipal bonds, which offer the potential for higher returns, as well as longer darted securities. Hear investment risk strategies in the current rate environment and the process of investment decision making to drive yield whilst managing liquidity and safeguarding cash.

  • Sotos​​​​ Moulkiotis

    Treasury manager

    Cofra Holding

    X
Moderated by
11.10am -11.50am

Intercompany netting: smart moves for treasurers

Offsetting internal company receivables against payables is a core technique in the drive for efficient cash flows between group companies and subsidiaries; the uplift in cash and the reduction in transactions can lead to significant cost savings. In large organisations netting can be complex with a large number of transactions between subsidiaries, this is often best managed by specialised treasury management systems version and virtual accounts. In this session we discuss how corporate treasuries are working with their subsidiaries and banking partners to optimally engineer intercompany netting arrangements, through treasury technologies, to ensure accounting and tax efficiency across the business.

  • Lina Setek Patko

    Director of cash management
    INA d.d.

    X
  • Christof Nelischer

    Group treasurer
    S4 Capital

    X
  • Bert Heirbaut

    Treasury manager

    IHG

    X
  • Hans Dunnik

    Regional treasurer EMEA
    Abbvie 

    X
11.10am -11.50am

Case study - Recruiting and training the next generation of treasury talent

Whether recruiting from Massachusetts or Tsinghua, finance graduates from the world’s top ranked universities are in high demand in multinational corporations as the treasury seeks out new talent to train to lead for the future. As top finance graduates increasingly move towards the most innovative and dynamic companies that are at the forefront of technological and financial innovation in their markets, companies must keep pace with transformative technologies to retain talent. The discipline of treasury, as distinct from general finance and accounting, is also emerging in universities, including Amsterdam and the Sorbonne. This session will discuss the challenges of attracting top financial talent to treasury, the ascendency of treasury as a discipline and the education and training to support and deliver future treasury talent. The session will also give some consideration to the emerging role of technology and AI in the hiring process to help eliminate unconscious bias in talent selection.

  • Sophie Ryckaert

    Senior cash management advisor

    BNP Paribas

    X
  • Séverine Le Blévennec

    Global head of treasury
    Aliaxis

    X
Moderated by
  • Caroline Stockmann (Moderator)

    Non-executive director

    Bank of England, Oxfam International, CIPD, KCSP, Guildhall School Trust

    X
11.10am -5.20pm

Conference breaks into streams

Delegates can choose between 7 streams. Please see the tabs at the top of this page.

11.30am

AtlasFX

Enhancing Financial Forecasting Accuracy with AI-Driven Solutions: Accurate forecasting is vital for treasury teams, particularly in managing balance sheet FX, as it directly influences strategic decisions and risk management. However, traditional forecasting methods—such as time-series analysis, regression models, and expert judgment from FP&A and sales teams—often lead to outdated or biased projections due to conflicting objectives and repetitive forecasts. Treasury professionals face challenges in obtaining reliable forecasts, which impacts cash flow management and liquidity planning.

  • Gavin O’Donoghue

    Partner and CRO

    AtlasFX

    X
11.50am

Morgan Money: Global trading excellence you can rely on 

In today’s dynamic financial landscape, adaptability and innovation are essential. Morgan Money revolutionizes liquidity management, combining the agility of a fintech startup with the security of J.P. Morgan Chase. Our unwavering commitment ensures best-in-class solutions you can trust. Discover how Morgan Money can help you navigate the complexities of digital finance with confidence.

  • Joe Vittoria

    Investment platform specialist for Morgan Money and strategy and development for global liquidity
    J.P. Morgan Asset Management

    X
11.50am -12.30pm

Technology: right and wrong

Treasurers often say that case studies at treasury conferences always demonstrate successful technology implementations, but that the road to success is often paved with hiccups if not failures too. In this open exchange treasurers will discuss their technology projects, discussing what worked and what did not, what went right and what went wrong and how to increase success and reduce the risks of technology travesties. The moderator will also ask how AI is helping.

  • Debbie Kaya

    Senior director of treasury

    Cisco Systems, Inc.

    X
  • Peter Quarré

    Treasury technology consultant
    CashMeasury 

    X
11.50am -12.30pm

Unlocking the future of B2B payments

Emerging technologies are evolving the way businesses pay and get paid. Recent innovation in B2B payments technologies have accelerated the shift toward automated, digitized, and streamlined payment tools that have revolutionized the flow of money across businesses, across borders and across supply chains. As  treasurers step into this next frontier of B2B payments, payment professionals will discuss how new payment technologies and modalities are being integrated into next generation corporate payment systems.  Encompassing virtual cards, AI and real time data analytics, and embedded finance, the panel will explore how new technologies are being adopted and deployed across the corporate payments ecosystem and the specific benefits to treasury in enhancing automation, cash flow and working capital positions in the business. 

  • Chad Wallace

    EVP, global head of commercial solutions

    Mastercard

    X
  • Stephan Albers

    Head of treasury

    HRS Group

    X
11.50am -12.30pm

Case study - Sanctions, AML and KYC: regulatory and technological compliance in practice

Treasurers can play a critical role in safeguarding financial assets from being misused for financial crime. Regulation for anti-money laundering (AML) is ever evolving and compliance practices need to keep pace. In this session, we touch on the latest AML and KYC regulations coming from the EU AML Directive and the Financial Action Task Force (FATF) requirements – and explore emerging technologies that can help treasury detect and prevent money laundering. The session will look at how treasury works with compliance teams to ensure due diligence (CDD) procedures throughout the business, including subsidiaries and the supply chain, as well as how to reply to KYC requests from banks. Treasurers on the panel will also consider how technology combined with strong processes can create both efficiencies and compliance, in addition to the process involved in implementing ongoing monitoring and risk assessments. Furthermore, the panel will consider the benefits in outsourcing compliance tasks, and the challenges for internal compliance teams so that treasury can focus on the strategic. Also discussed will be the challenges in complying with sanctions within a high-risk industry in an ever evolving geo-political landscape.

  • Saira Maniar

    Senior treasury compliance and crisis funding manager
    Save the Children

    X
  • Anders Meinert Jørgensen

    CEO and co-founder
    Avallone

    X
  • Edward Collis

    Treasurer

    Save the Children

    X
Moderated by
11.50am -12.30pm

Enhancing payables financing technologies for working capital management

Payables financing performs a critical part in efficient working capital management in many businesses and is a central focus for treasurers looking to optimise cash and capital. Payables financing techniques and technologies offer innovative solutions to optimise cash flow, improve supplier relationships and enhance liquidity provision.

Buyer initiatives to reduce payable terms such as dynamic discounting, offer suppliers shorter DSOs and buyers shorter DPOs, improving overall cash conversion cycles. Payables financing technologies can execute discounting, offering process automation in payables operations. This session will delve into the practice of payables financing, exploring the techniques, technological advancements and practical applications for corporate treasurers looking to leverage working capital.

  • Mack Makode

    VP and treasurer

    Under Armour

    X
  • Emma Hayward

    Group treasurer

    Dowlais

    X
  • Mark Douglas

    Managing director, strategic accounts

    PrimeRevenue

    X
Moderated by
11.50am -12.30pm

Forecasting: the real intelligence

Cash forecasting has come under intense focus in the current rate environment with many treasurers citing the ability to accurately predict cash flows into the next business cycle as the most important priority that they currently face. Interestingly companies are still working with many different forms of cash forecasting tools, from spreadsheets to sophisticated and AI assisted forecasting. Yet essentially the accuracy of forecasting reflects the quality of the data and the visibility of cash, to the treasurer. Treasurers comment that ‘progress, not perfection’ is the key to process improvement to more accurate forecasting, by robust data sourcing to narrow the margin of error. In the session treasurers discuss the challenges in creating ever more accurate forecasts and the solutions that they have found, working with strategic partners to create forecasts that can quickly adapt to changing business environments.

  • Jeppe Østergård Sørensen

    Senior treasury manager
    LEGO Group 

    X
  • Iain Currie

    Director treasury operations

    Prologis

    X
  • Jörg Wiemer

    Co-founder, chief evangelist & lead advisor
    TIS

    X
11.50am -12.30pm

Centralisation, regionalisation and optimal organisational alignment

Centralisation of treasury services is an ongoing project for many treasurers focussed on delivering optimal operational efficiencies in core functions. As technology enables centralisation, with access anywhere portals, the treasurer can create a single view of cash and capital, enhancing strategic visibility. Yet for multinational business, with several subsidiaries operating across the globe in specific regions and countries, treasury is often regionalised, to support local business entities, suppliers, currency operations, investments and bank relationships. For some businesses, the drive to centralise services is challenged by devolved business structures and extensive in-country operations, especially where tax structures and foreign exchange controls apply to cash operations. In this session treasurers debate the optimal ways to support the cash requirements of the business at both central and local level and discuss the challenges in operational alignment of local and regional treasury teams in supporting central treasury operations. 

 

  • Katarzyna Stefanska-Balos

    Head of front office European treasury
    Colgate-Palmolive

    X
  • Jyoti Jiwani

    Treasury transformation consultant

    X
  • Roberta Eiseman

    President

    Comcast Capital

    X
Moderated by
  • Caroline Stockmann (Moderator)

    Non-executive director

    Bank of England, Oxfam International, CIPD, KCSP, Guildhall School Trust

    X
11.50am -12.30pm

Real-time reality check

Real time treasury technologies involve synchronous automated functionalities across core operations, including real time cash forecasting, automatic cash pooling, sweeping and investing of excess cash, as well as dynamic FX hedging and real time liquidity management. In payments too, real-time transfers are available through SEPA Inst across the EU and in the US with FedNow and TCH. Whilst these real time technologies are available, either in-house or outsourced and constantly evolving and improving, many treasurers are yet to fully embrace the automated real time treasury. Yet the automation of treasury functions affords the treasurer the time to develop partnerships and focus on more strategic issues on how the treasury can best support the business. In this session we travel the road to real-time treasury, visiting the operational and technical challenges along the way and asking if the reality of real-time is as it appears to be.

  • Martin Runow

    Head of European product

    Goldman Sachs Transaction Banking

    X
  • Bruce Edlund

    Group director, assistant treasurer

    Cloud Software Group

    X
  • Jonathan Williams

    Payments specialist

    Payment Systems Regulator

    X
12.10pm

Leverage treasury data to drive profitability

TBC

12.30pm -2.00pm

Lunch

12.30pm -2.00pm

Lunch

12.30pm -2.00pm

Lunch

12.30pm -2.00pm

Lunch

12.30pm -2.00pm

Lunch

12.30pm -2.00pm

Lunch

12.30pm -2.00pm

Lunch

12.30pm -2.00pm

Lunch

2.00pm

Deft

TBC

  • Alexandre Brossollet

    CSO

    Deft Softwares Europe

    X
2.00pm -2.40pm

Cash: happy hacks

Cash flow is the chief concern of treasury and for many it’s raison d’etre, yet cash has a nasty habit of getting stuck and not flowing at all; hidden in overseas accounts or sunk in assets, trapped by tax laws or held in hard to reach business pools. In a moderated discussion on cash management and foreign exchange trading, treasurers discuss ways to fix common problems in cash flow. The moderator will also ask about cash forecasting practices and how treasurers are seeking to improve their forecasts.

  • Han Hoestra

    VP, treasury

    Prologis

    X
  • Caroline Stockmann

    Non-executive director
    Bank of England, Oxfam International, CIPD, KCSP, Guildhall School Trust

    X
2.00pm -2.40pm

AI for treasury: the good, the bad and the scary

Every treasury is on the path to an AI powered future, even if there is no road map yet. The generative AI revolution has fired the imagination of treasury teams. AI is ready and poised to deliver real-time business intelligence, hyper-automation and data-driven processes and decisions for corporate treasurers in ways which no-one thought possible, until now. In this up-to-the-moment session, AI pioneering treasurers will explore what AI can really do for treasury today and in the near future, how APIs can unify data and unlock AI, and how to leverage AI to deliver real-time treasury insights. This panel will share insights on embedding AI into their treasury processes, discuss private and public models, data security challenges and what you need to know right now to execute AI in your treasury operations.

  • Bob Stark

    Global head of market strategy

    Kyriba

    X
  • Ana Sousa

    Group treasurer

    Remote Holdings

    X
2.00pm -2.40pm

Payments evolution: what’s next for treasury?

Payments continue to experience rapid and transformative changes across the globe and will evolve over the next few years faster than we have seen before. Current payment rails available now and in the near future will improve the flow of transactions and information related to payments, creating a deep flow of data to assist in treasury decisioning and working capital optimization. In this session payments professionals and senior treasury practitioners explore innovative solutions in payments that are being utilised now, and how open banking, APIs and AI are integrating into treasury payments processes and systems. The panel will also take a look at the adoption of real-time payments for corporate treasury, as well as use cases for payment initiation. This lively discussion will explore common pain points in payment modalities and how treasury and payment professionals can work together to deliver seamless interoperable payment solutions.

  • Eddy Jacqmotte

    Group treasury manager

    Borealis AG

    X
  • Jeff Horowitz

    EVP of treasury enterprise

    Transcard

    X
  • Jacob Koch

    Vice president, head of group treasury

    Better Energy A/S

    X
2.00pm -2.40pm

Inflation and rates risk strategies in treasury

Whilst some markets are seeing the easing of inflation, central bank interest rates are being held or rising in economies around the world as growth slows. For treasurers, who hold loans and fixed-income securities, variable-rate debt can be adversely affected and refinancing at higher rates is expensive, committing cash to higher interest payments. Derivatives, such as interest rate swaps, can offset these risks and stabilise interest rate expenses. Hedging interest rate risks with fixed-for-floating swaps can lock in a fixed rate for a specified period of time protecting against the risk of rising rates. In this session, treasurers debate the pros and cons of interest rate swaps, interest rate derivative hedging and inflation linked securities, as risk tools for combating rising inflation and rates.

  • Sekar Sundaram

    Vice president, treasurer
    Parexel

    X
  • Doug Tropp

    SVP and treasurer
    Booking Holdings Inc.

    X
Moderated by
2.00pm -2.40pm

Optimising the order-to-cash cycle

Optimising the order-to-cash cycle is a strategic project for corporate treasurers and business colleagues in the tri-drive to accelerate cash flow, reduce costs and improve the company’s liquidity position. Yet the process is multifaceted, with many moving parts: streamlining order processing, implementing agreed credit policies and payment terms, leveraging electronic invoicing, enabling payment options, optimising collection processes and utilising technology solutions, all add to efficient cash conversion cycles. Optimising the O2C cycle leads to significant benefits, including reduced working capital costs, improved cash flow, enhanced customer satisfaction and reduced risk of bad debt. In this session, treasurers share their insights into fine tuning the process and how incremental gains can make a significant contribution to the business and elevate the strategic impact of treasury.

  • David Shinkins

    MD, global head of specialist sales

    Barclays

    X
  • Abraham Geldenhuys

    Head of treasury

    Clariant International AG

    X
  • Cathy Fields

    VP, treasurer

    Hitachi Digital LLC

    X
2.00pm -2.40pm

M&A perspectives: navigating buy-side treasury integration in acquisitions and carve-outs

In the current economic landscape, companies are undertaking strategic activity in both acquisitions and carve-outs to position for growth. This panel will explore the treasury challenges associated with acquiring a major global business and executing multiple carve-outs, covering bond issuance, coordination with sellers and sponsors, integrating treasury functions, and enhancing deal value through effective cash and risk management strategies. Focussing on two corporate case studies – Carrier, a global leader in intelligent climate and energy solutions, and Gedeon Richter, a European multinational pharmaceutical and biotechnology company, delegates will hear how both companies  and maximized deal value in complex M&A activities and optimised treasury management in the acquisitions.

  • Brian O’Grady

    Assistant treasurer, global cash management and treasury operations
    Carrier

    X
  • Andrea Pohl

    Partner, global treasury services
    EY

    X
  • Gábor Szűcs

    Director of financial operations

    Richter Gedeon

    X
Moderated by
2.00pm -2.40pm

Payables and receivables: the essential treasury relationship

Rapidly evolving treasury technology is transforming the payables and receivables processes, making AP/AR more efficient, transparent and automated than ever. From automated invoice processing, which significantly reduces time to manage and track invoices, accelerating payables, to predictive analytics that provide insights into payment patterns and potential collection risks, that enhance the receivables view. For the treasurer, accelerated automation of payables and receivables enhances greater visibility of data for a more complete and accurate cash forecast. In working together in areas such as supplier onboarding and payment terms, treasurers can achieve greater certainty over collections and cash conversion cycles, enhancing working capital planning. In this session, treasurers discuss how they collaborate with AP/AR colleagues to create ever more accuracy and automation in payables and receivable processes and the benefits to the treasury and the business in their partnership.

  • Zampeta Fameli

    Senior cash manager

    Roche

    X
  • Steven Gomes

    Assistant treasurer
    Bose Corporation

    X
Moderated by
2.20pm

Panax

AI-powered treasury management and cash flow forecasting

  • Noam Mills

    CEO and co-founder

    Panax

    X
2.40pm

Fintis

In this presentation, we will demonstrate how we at FINTIS enhances treasury investment efficiency by connecting corporates with our global network of over 90 banks and asset managers. We’ll address common challenges in treasury management, such as limited investment opportunities and low returns. FINTIS offers solutions with competitive fixed and floating rates, providing flexibility in liquidity with minimal notice periods. Our process ensures a straightforward deployment of excess cash while maintaining cash-equivalent classification and regulatory compliance. We’ll also cover daily liquid solutions and short-term deposits that enhance returns and offer easy access to funds. Join us to learn how FINTIS can improve your investment strategy and cash management practices.

  • Jas Haikou

    CEO and investor relations

    Fintis

    X
2.40pm -3.20pm

Payments: plug and play

For treasurers concerned with payments, automation is top of the to-do list and for those that have done that, making sure the collections and payables are moving in optimal cash cycles is a key focus. In this open discussion forum, treasurers and colleagues discuss the fine tuning of payments systems as well as the revolutionary technologies in the payments ecosystem and the benefits they promise to treasury. 

  • Nick Franck

    EuroFinance tutor and independent treasury professional

    X
  • Abraham Geldenhuys

    Head of treasury

    Clariant International AG

    X