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Join us for an unmissable virtual experience as International Treasury Management celebrates its thirtieth year with insightful virtual sessions, world-class speakers and rich peer-to-peer discussion.

Over the past 30 years since EuroFinance’s inaugural conference on International Cash and Treasury Management, much has changed. Treasurers have firmly become business partners, technology experts, risk managers and opportunity spotters. They often lead fundamental change within the company as markets, business models and technology shift. And they collaborate with traditional solution providers and new fintech firms to help develop the systems and processes that will take treasury into the future.

A treasurer from 1991 would struggle to recognise the world today. Countries and regions have risen and then fallen out of favour with finance functions at the front of the rollercoaster. The internet has gone from fragile niche to indispensable business underpinning and the digitalisation it helped drive is now all-pervasive. Agility and adaptability are now watchwords for treasuries.

The relentless accretion of regulation, new approaches to taxation, the rise of sustainability and a questioning of the purpose of the corporation continue to require profound changes in business behaviour. Again, treasurers have found themselves key participants in the debates and the policies. And looming over all of these developments, an impressive bevy of Black Swans has kept everyone off-balance.

What next? This event will delve into how treasury operations can gear up for the future, having learned the lessons from the past. Where, who, what and how will businesses be in the coming years and what is treasury’s role?

Printable version

Centre stage will host keynote presentations and debates offering big-picture insight on global trends that will shape treasury into the future.

We review the payments landscape as developments continue at hyperspeed with profound implications for business models, treasury processes and strategies, and for the partners providing these services. This stage will inform sound decision-making to help grow businesses, increase efficiency and offer better customer-facing solutions.

Risk underpins much of treasury strategy. This stage will consider all aspects: from in-depth mitigation strategies on hedging commodities, fx and interest rates; to bigger picture considerations on cyber – and new and imminent threats.

The pandemic accelerated the digital trend and many treasurers discovered how hard it is in practice to achieve true digitalisation, particularly if you are a mature organisation and have legacy issues. This series of case studies will give you a roadmap for transformation whether through technology or overhauling treasury processes.

Centralisation, efficiency and visibility are the key tenets that underpin a successful treasury. Bank accounts still need rationalisation. Working capital and liquidity remain top of the agenda. This collection of presentations will help you benchmark your operations.

Cooperation is the key to the future of treasury. From co-creating new solutions with your tech partners and developing new ideas with your banks, to partnering with the right influencers and decision-makers in your business, the ability to leverage all parts of the treasury ecosystem will differentiate the best from the rest.

10:00am -11:00am BST

The future of the global economy: Goodbye G7, hello E7?

Most businesses cannot respond to short-term economic forecasts. Not only are these usually too similar to the last hard data, it is hard for many companies to respond quickly enough even if national GDP, for example, is strongly correlated with their products or services. But longer-term trends are critical and it is clear that the world in 2040 will be very different to the one treasurers inhabit today. Technological change, the evolution of money (and debt), demographics, the rise of sustainable investing and humanity’s response to climate change, the rising share of global wealth accounted for by today’s ‘emerging’ markets – all of these will profoundly alter the balance of wealth and power in the world. Such shifts rarely occur without economic disruption and political conflict. So, in this session, we look at some of the ways in which these intersecting trends might play out, and what that means for corporations’ longer-term decision-making.

  • Daniel Franklin

    Executive Editor, The Economist

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  • Tobias Adrian

    Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF

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11:00am -12:00pm BST

30 years back, 30 years forward: a treasury perspective

As EuroFinance celebrates its 30-year anniversary we bring together some treasury veterans to reminisce about the major developments that have impacted treasury over the past three decades and the lessons learned in order to help shape the future. Not too long ago, treasury managed the corporate cash and not much else. Banks used to supply their customers with treasury software since TMS providers were fledgling. Remember the in-country treasurer? Having to manually balance thousands of bank accounts? Lotus 1,2,3 and the early Excel of the 80s? We ask this experienced team to entertain us with some of the anecdotes of the past and to identify the obstacles that still need solutions in the future.

  • Nandini Mongia

    SVP & Treasurer, Prudential Financial, Inc.

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  • Robert Farrow

    General Manager Treasury, SABIC

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  • Mark Kirkland

    Group Treasurer, Constellium

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Moderator
  • Damian Glendinning

    Principal, Treasury Matters

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12:00pm -1:00pm BST

The EuroFinance award for treasury management & process transformation: Royal Dutch Shell plc

One of the world’s largest dividend payers, Royal Dutch Shell responded to the risk and inefficiencies of its old manual approach just in time to avoid having to settle a multi-billion dividend during the first Covid-19 lockdown via many thousands of cheques. Instead, the energy giant built a digital payment infrastructure that enables its registrar to make the full and real-time electronic payments custodians seek. This saves millions in bank & admin fees, preserved interest income and eliminated multibillion credit risks, while serving shareholders better by introducing election rights to the UK. This innovation lets investors receive their quarterly payouts directly in euros, sterling or US dollars removing friction, FX & interest leakage, cost and risk for them them too. Furthermore, this new and proprietary infrastructure provides Royal Dutch Shell better control and oversight. “Making greater use of technology and digitalisation has brought real benefits to our shareholders and helped make equity markets safer and more efficient. We hope that others will pursue similar steps.”, Jessica Uhl, Chief Financial Officer, Royal Dutch Shell plc. In this session, Shell presents its process transformation enabling fellow FTSE constituents to follow suit.

  • Paul Vos

    Senior Manager Structured Finance, Royal Dutch Shell plc

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  • Anthony Clarke

    Deputy Company Secretary, Royal Dutch Shell plc

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Moderator
  • Daniel Blumen

    US-based treasury consultant

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1:00pm -2:00pm BST

New risks, new solutions

Even before the pandemic, treasurers were being forced to look beyond their traditional financial risks. Understanding the effects of digital disruption, changing customer expectations, unravelling globalisation, increasing and fragmented regulation, and political instability were an ever more important part of risk management. The pandemic has accelerated those trends requiring business model shifts. Business interruption and supply chain disruption are one of the most critical risks businesses face today, and the drivers of those risks are multiplying. To ‘traditional’ disruptors we can now add pandemic, cyber attacks, natural disasters and climate change. Given the inadequacy of financial risk management techniques in modelling these kinds of risks, how can treasurers put numbers on them? In this session hear how businesses use scenario mapping and other advanced tools to identify and manage what they see as the biggest risk businesses face in the next three years.

  • Stephen Porter

    VP Treasury, Pearson

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  • Tristan Attenborough

    MD, Head of Corporate Sales EMEA Wholesale Payments & Global Industry Solutions Head for Energy & Renewables, J.P. Morgan

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2:00pm -3:00pm

Treasury connected: Optimising stakeholder engagement

New technologies and unprecedented scenarios brought about by the pandemic have transformed the way corporate treasurers are connecting with key stakeholders – from customers to financial partners to suppliers. Research led by The Economist Intelligence Unit reveals how treasurers’ expectations and engagement with key stakeholders are evolving.

The continued acceleration of e-commerce and expansion of digital business models pivots the Treasurer’s focus from inward-looking process and logistics, to the external client interface; with connectivity and customer-centric payment acceptance at the core.

In their interaction with financial partners – from fintechs to banks – treasurers are striking a balance between security needs and novel technologies. To optimise supply chain finance, treasurers are collaborating closely with procurement teams, exploring new platforms for real-time insights and to better support their providers. Together, these activities have transformed treasury from a back-office function to a core function in a business. How can corporate treasurers stay ahead? In this session, we will highlight The EIU’s research findings and then turn to senior treasurers who share their experience and their take on the future.

  • Ole Matthiessen

    Global Head of Cash Management, Deutsche Bank

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  • Melanie Noronha

    Senior Manager, Economist Impact

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  • Can Balcioglu

    Head of Global Risk & Legal Entity Management, Treasury, PayPal

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Moderator
  • Bob Novaria

    EuroFinance Tutor & Partner, Treasury Alliance Group

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3:00pm -4:00pm BST

Predictive cashflow forecasting – myth or must-have

Cashflow forecasting is an essential treasury process that requires a lot of time and attention with sometimes disappointing results. In this presentation/live-demo we will show you how a B2B-based business tackled that challenge, drastically reduced the time needed to complete the forecast and improved the quality at the same time. This session will explain in clear terms the possibilities and limitations of using predictive analytics for cashflow forecasting and gives essential advice how a corporate can get this right the first time around.

  • Sven Erik Ebel

    VP Treasury & Credit Management, KARL MAYER Holding GmbH & Co. KG

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  • Hubert Rappold

    VP of Engineering, Nomentia

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3:00pm -4:00pm BST

Evaluating and choosing treasury tech: a treasurer’s guide

Most treasurers are still operating largely on a disparate set of on-premise IT systems, multiple ERPs and a tangle of specific third-party solutions in areas such as FX risk management or payments. Large companies with many acquisitions behind them are in a state of perpetual integration. So how do they get from there to a treasury based on, for example, a single cloud-based ERP, other SaaS applications for risk and cash management, payments and supply chain finance, with automation and smart analysis courtesy of RPA and AI? And how do they protect the new digital treasury being built against fraud and cyber-threats? The first step is to choose technology partners in these priority areas from a vast and growing ecosystem of providers, many of them small start-ups. In this session, we learn how treasurers can take on this seemingly impossible task, changing their RFP and POC requirements in the process.

  • Muhsin Al Rustom

    CFO, ASYAD Group

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  • Tom Leitch

    Director of Sales & Business Development for Treasury, Bottomline

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4:00pm -5:00pm BST

Working capital tops the agenda again

For many companies, the pandemic has put a huge strain on working capital. Treasurers have seen revenues fall, customers delaying payments and banks becoming more risk averse in their credit decisions. Supply chain disruptions have pushed the prices of key inputs higher. And traditional creditor management techniques are problematic: delaying payments to your suppliers risks seriously damaging them and your relationship. And SCF programmes may need re-evaluation after high-profile failures. In this environment, treasurers at large companies may need to rethink priorities: inventory management, more direct support for suppliers including faster payment, a broadening of credit relationships to non-traditional providers, more in-depth balance sheet restructuring, and improving cash forecasting should all be considered in these unprecedented times. In this session treasurers explain how they have adapted their working capital management approach to current business conditions and what they expect for the next 12 to 18 months.

  • Sourabh Pandey

    North America Treasurer, General Motors

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  • Christian Bauwens

    SVP & Treasurer, Head of GBS Finance, Flex

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Moderator
  • Fred Schacknies

    VP & Treasurer, TechnipFMC

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4:00pm -5:00pm BST

What your payments and collections should look like five years down the road

Tomorrow’s treasury understands that excellence in managing different payment and collection methods is a key business advantage. To get there, they will have used cloud and API technologies to solve today’s on-premise data and system integration problems and to link to the service providers they have chosen; they will have moved to real-time payments but strengthened controls for real-time payments, including the use of AI, to contain increased fraud and cybersecurity risks; they will drive efficiencies with virtual accounts and better solutions for bank account visibility; and they will have used automation and AI to increase efficiency in both collections and payments, with intelligent ERP and analytics systems identifying trends and outliers that require attention. But how do we get there from here? In this session our panel lays out the practical path to this treasury nirvana. How are they upgrading their inbound and outbound payments’ ecosystem? How have they achieved real-time visibility over cash flows and bank accounts? How are they protecting themselves against fraud and cyber-threats? And what partnerships are they building with banks, fintechs and other technology providers?

  • Alan Koenigsberg

    SVP, Global Head of New Payment Flows, Visa Business Solutions

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  • Claire Thompson

    EVP, Global Trade, Enterprise Partnerships, Mastercard

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  • Javier Orejas

    Global Head of Banking & IATA Pay, IATA

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  • Michele Zaquine

    Director, Head of Propositions & Commercialisation Continental Europe - Global Liquidity & Cash Management, HSBC Continental Europe

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Moderator
  • Jonathan Williams

    Payments Specialist, Payment Systems Regulator

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5:00pm -6:00pm BST

How to map your transformation

A detailed roadmap is a way to define the strategic direction the business wants to move in and the risk appetite it has for change and a calculation of the risk/benefits trade-offs in the short, medium and long terms. It is a way to catalogue the existing technologies organisations have that can be leveraged in a transformation programme as well as the technology issues to be overcome. And it is a realistic evaluation of flexibility and the speed the organisation can effect change. Beyond this big-picture comes the next level of granular analysis, with metrics and timelines for particular businesses and processes. In this session, learn how this kind of preparation can be applied to treasury and finance, linking it to wider enterprise transformation planning.

  • Priti Kartik

    Head of Treasury, Crowdstrike

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  • Stephen Maire

    Senior Vice President, Treasurer, News Corporation

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  • Claudia Jaramillo

    VP & Group Treasurer, Schlumberger

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Moderator
  • Bob Novaria

    EuroFinance Tutor & Partner, Treasury Alliance Group

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5:00pm -6:00pm BST

Hedging strategies FX

Effective risk management depends on accurate forecasting. Without good cash flow forecasts, treasurers don’t know when to expect particular currency inflows nor their volumes. This makes hedging with forwards – the treasury staple – difficult. And if volatility rises, the margin requirements on forward contracts can be dangerous, not simply inconvenient. The pandemic exposed these problems more brutally than usual because huge volumes of expected revenues simply did not happen. More broadly, treasurers face heightened volatility, potential event risks such as US Fed tapering, and continued gap risks related to business disruption, regulation and ESG risks. One answer to these types of problem has always been to switch from forwards to options and, despite their traditional reluctance to incur premiums, some treasurers have made this choice. So how have they incorporated optionality into their hedging programmes? What tenors and combinations have they chosen? And are there better ways to deal with the mix of short- and long-term uncertainties companies face today?

  • Andreea Laplace

    Head of Global FX and Commodity Hedging, Eaton

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  • Andrea Sottoriva

    Group Treasurer and Finance Director, SITA

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Moderator
  • Damian Glendinning

    Principal, Treasury Matters

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Centre stage will host keynote presentations and debates offering big-picture insight on global trends that will shape treasury into the future.

We review the payments landscape as developments continue at hyperspeed with profound implications for business models, treasury processes and strategies, and for the partners providing these services. This stage will inform sound decision-making to help grow businesses, increase efficiency and offer better customer-facing solutions.

Risk underpins much of treasury strategy. This stage will consider all aspects: from in-depth mitigation strategies on hedging commodities, fx and interest rates; to bigger picture considerations on cyber – and new and imminent threats.

The pandemic accelerated the digital trend and many treasurers discovered how hard it is in practice to achieve true digitalisation, particularly if you are a mature organisation and have legacy issues. This series of case studies will give you a roadmap for transformation whether through technology or overhauling treasury processes.

Centralisation, efficiency and visibility are the key tenets that underpin a successful treasury. Bank accounts still need rationalisation. Working capital and liquidity remain top of the agenda. This collection of presentations will help you benchmark your operations.

Cooperation is the key to the future of treasury. From co-creating new solutions with your tech partners and developing new ideas with your banks, to partnering with the right influencers and decision-makers in your business, the ability to leverage all parts of the treasury ecosystem will differentiate the best from the rest.

9:00am -10:15am BST

The EuroFinance award for mastering strategic change: Alibaba

Since its IPO, Alibaba has grown from a China-centric e-commerce company to a global MNC. For the treasury team, this has brought considerable challenges – which Alibaba has successfully addressed by undertaking six major initiatives spanning next-generation cash management and post-M&A integration, and by leveraging everything from virtual bank account pooling to blockchain and APIs. This year’s EuroFinance Award winner for mastering strategic change, Alibaba’s team, presents its major change initiatives.

  • Randy Ou

    VP, Group Treasury, Alibaba

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  • Sharon Wang

    Treasury Director, Alibaba

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  • Dandi Tang

    Sr. Treasury Manager, Alibaba

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  • Yitong Jin

    Sr. Treasury Manager, Alibaba

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Moderator
  • Vanessa Manning

    Independent Treasury and Financial Services Consultant, Accuryst

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11:00am -12:00pm BST

The future of finance debate: banking is dead, long live banking

Are we truly in the midst of a financial revolution? Yes, a vast ecosystem of fintechs has emerged to exploit corporate and consumer demands for digital interaction with their money. Some of these, especially in payments (think PayPal, Alipay), short-term credit (think Klarna), and in peer-to-peer interactions (think wallets), make profits that would previously have gone to banks and credit card companies. But all of these start-ups rely upon infrastructure built and operated by banks. They are the ultimate in cherry-picking rentiers and their existence relies upon banks’ reluctance to rekindle the spirit of collaboration that created, for example, SWIFT, VISA and consortium banking. That is changing: more than 30 of Europe’s largest banks and credit card processors have announced an initiative to create a payments giant capable of shattering a US-dominated “oligopoly”. The project has the backing of the European Commission as well as the euro area’s financial regulators.

So, what about crypto and blockchain – is that the revolution? Well, governments are not going to let go of monetary control just like that. China’s latest statements on bitcoin, as well as its reigning of Alipay’s expansion into real banking, are just the most noticeable expression of regulatory unwillingness to allow the dismantling of the old financial order. In this session key players from each side of the debate will explain why their version of the future is the right one. You get to decide who wins.

  • Sara Castelhano

    MD & Head of Core Cash Management Product for EMEA, J.P. Morgan

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  • Christof Hofmann

    Global Head of Corporate & Payment Solutions, Deutsche Bank

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  • Ad van der Poel

    Co-Head of Product Management GTS EMEA, Bank of America

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  • Karin Flinspach

    Regional Head, Transaction Banking, Europe & Americas, Standard Chartered

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Moderator
  • Vanessa Manning

    Independent Treasury and Financial Services Consultant, Accuryst

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12:00pm -1:00pm BST

The EuroFinance award for risk management and resilience: Coca-Cola EuroPacific Partners

Behind the headlines of a drawn-out and bid, the €6bn cross-border acquisition that created Coca-Cola EuroPacific Partners (CCEP) this spring was underpinned by a sophisticated currency and interest rate risk management strategy. The deal might easily have failed. So to limit potential downside the company put in place a deal-contingent hedging package. This covered both its Australian dollar exposure on the target (Coca-Cola Amatil) and its interest rate exposure on the borrowing to fund the deal if it went through – and was able to accommodate both a credit downgrade and the eventual higher price shareholders demanded. Here, Coca-Cola EuroPacific Partners share their story.

  • Cigdem Gures Erden

    VP, Treasurer, Coca-Cola European Partners

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Moderator
  • Paul Nicholson

    Senior Conference Producer, EuroFinance

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12:00pm -1:00pm BST

The EuroFinance award runner-up for treasury management & process transformation: Roche

Facing the same need to increase cash visibility in Treasury and although an API solution might have seemed obvious, Roche found a simpler route to the live bank balances it was seeking to complement its earlier in-house bank and virtual account initiatives as it builds an almost real-time treasury. This alternative – intra-day statements with the same content and accounting standard as an end-of-day MT 940, unlike an API or interim MT 942 message, and consistent with the future Camt.053 XML format – gives the Swiss pharma giant full visibility over its collections and highlights early payments. In this session Roche will talk about its process transformation that allows Treasury to act as true business partner, implementing a fully ERP integrated end to end process, which helps in the end their patients.

  • Stefan Windisch

    Senior Cash Manager, Treasury Operations, Roche

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Moderator
  • Adrian Rogers

    Senior EuroFinance tutor & Director, ARC Solutions

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1:00pm -2:00pm BST

The future of pharma

In these industry-specific sessions, meet your peers and help set the treasury agenda for your industry; benchmark your own transformation; and learn how other treasurers in your sector are helping firms to deal with increasingly complex business models. A highly-regulated industry with long R&D cycles and products intermediated by an equally complex and physical healthcare infrastructure may seem a strange candidate for digital disruption. But a shift to digital by patients, the impact of remote working on healthcare, the realisation of the value of data, and its role in personalising healthcare, have profound implications for pharma’s business model and interactions with key stakeholders. covid itself creates multiple conflicting financial challenges and in the longer term may herald an era in which demand for rapid innovation and cost-capped medicines puts pressure on traditional funding and working capital models.

  • Benjamin Wood

    Senior Treasury Director, Medtronic

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  • Brian McMahon

    VP & Assistant Treasurer, Pfizer Inc.

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  • Benjamin Oosterbaan

    Assistant Treasurer, Abbott

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Moderator
  • Netra Kumar

    Senior Treasury Officer, Bank of America

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2:00pm -3:00pm

Sustainable trade and supply chains

Sustainability is high up the corporate’s strategic agenda, but the challenge remains on how to actually integrate this into your operational workflows. Focus on the sustainable supply chain is increasingly important whether for corporate ratings or investor scrutiny, so how does a company ensure a more sustainable supply chain? This session will look at the challenges companies face as they embark on this journey. Which is better: internal criteria in measuring your supplier sustainability or should companies use external agencies? What are the priorities for tier one suppliers and have these changed in light of a sustainability agenda? How important is the traceability and provenance in supply chains? What do treasurers expect from banks in this context? This session will also delve into what sustainable trade means to companies and what is required to change in market behaviour for sustainable trade to become the norm. Hear experts on the panel on how they approach this strategic and important topic and what they have done so far in this regard? What are their future plans and expectations from banks, suppliers and other partners around this?

  • Frank Waechter

    Global Director Treasury & Insurance, PUMA SE

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  • Domingos Antunes

    Treasury & Finance Director, Decathlon

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Moderator
  • Marion Reuter

    Regional Head of Transaction Banking Sales UK/Europe, Standard Chartered

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3:00pm -4:00pm BST

e-Treasury 2.0: centralisation and innovations in pandemic times

Global treasury standardisation and centralisation are challenging at the best of times. During a pandemic and continued uncertainty, these challenges are magnified. This rapidly growing company required very fast turn-arounds and because of COVID, digitalisation became a requirement not a priority and the way the treasury team worked needed to change. With the need to keep process flexibility, the company is building a treasury that need to survive well during the pandemic times (newly defined treasury fundamentals, simplified cash visibility and team centric approach) and offered real-time cash balances, automatic reporting and innovative tools (pooling, APIs, instant and real-time payments). The solution showcases how partnerships, both with the business and with external partners like banks and fintechs, giving the company a host of tailored solutions in visibility, payments, accounts and FX.

  • Kamil Zmorzyński

    Global Head of Treasury, SumUp

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  • Galina Kersten

    Director, Head of FinTech & Platform Sales Germany, Deutsche Bank

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3:00pm -4:00pm

It takes an ecosystem: how partnerships are transforming B2B money movement

B2B money movement has significantly lagged the efficiency and simplicity available in consumer markets, but that is changing. Partnerships between major participants in the B2B payments ecosystem are helping to change the landscape dramatically. In this session, learn about the latest innovations in money movement, the future direction of the industry and how partnerships are fuelling momentum. Visa teams up with a corporate client and fintech to provide insights and examples of how partnerships can move the industry forward. What can corporates expect in the next few years and how can companies keep track of the evolving payments industry? This session will also provide a deep dive into what the disruptors are doing in technology, digital channels, and service improvements.

  • Valli Ardalan

    VP, Visa Direct Network & Business Development, Visa

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  • Daniel Stanton

    MD, Global Head of Transactional FX Product Management, Bank of America

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  • Cher Keck

    VP, Visa Business Solutions, Global Head of B2B Connect Sales, Visa

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4:00pm -5:00pm BST

SPAC, Regular Way IPO or Direct Listing: Market update for treasurers

One of the hottest trends to hit financing during the pandemic was the SPAC, or special purpose acquisition company. During 2020 alone 248 companies went public through SPAC transactions. A SPAC is a shell company set up by investors to raise capital through an IPO with the intention of merging with an operating company(ies) within a specified time (generally 24 months). So, what do SPACs offer over a regular way IPO or direct listing? As we move through 2021 SPAC transactions have slowed – where is the market heading from here? This session we have Todd Yoder from Fluor providing treasurers with an overview of the market, pros and cons of SPACs, why they became so popular and what the future might bring in terms of issuance and regulation.

Moderator
  • David Blair

    MD, Acarate

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4:00pm -5:00pm BST

Linking finance to ESG agendas: practical examples from a world class leader

This session looks at a pioneering steel engineering company that has aligned itself with the demands of the future and the changing nature of the industry. Climate change has forced many steel companies to address the ESG agenda but Primetals Technologies, a joint venture between Mitsubishi Heavy Industries and other partners, has led the way with an early focus on sustainability that carries right through to the company’s financial management and its landmark hedging concept linking currency options to sustainability goals. Put into place last year, the hedging agreement enables Primetals to hedge its currency risk with FX options with its bank over a four-year period.If the company fails to meet the agreed sustainability targets, Primetals Technologies pays a predefined sum to a contractually defined non-government organisation. The head of group finance, Jeremy Hamon will profile the Primetals’ finance journey over a five year period from no people or bank accounts to a state of the art treasury with cloud-based TMS, a payment factory and AI capabilities in operations like fraud prevention. Hamon’s presentation also shows the way forward for sustainability in the treasury and the other products they are developing for the finance team that are linked to ESG goals.

  • Jeremy Hamon

    Head of Group Finance, CFO, Primetals Technologies Treasury GmbH

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Moderator
  • Paul Nicholson

    Senior Conference Producer, EuroFinance

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5:00pm -6:00pm BST

Strategic cash management scenario planning

The extreme uncertainty created by the pandemic has made bottom-up cash forecasting unreliable. To supplement their short-term, granular forecasting models, treasurers are increasingly turning to dynamic scenario-based planning as a way of anticipating the cash positions created by different business and economic environments. This is a significant switch and it is important for treasurers to get scenario planning right and to understand its limitations. So, what should treasurers incorporate into a scenario-based approach? How many scenarios should they model and how often? How complex should the scenarios be and how similar to each other? And should companies model regional business units, specific product lines or other sub-divisions? In this session our panel explains their approach to these questions, the data required for different analytical methods and the way they integrated scenario planning with their existing forecasting processes.

  • Fred Schacknies

    VP & Treasurer, TechnipFMC

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  • Jim Scurlock

    Director, Head of Cash Management, Microsoft

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Moderator
  • Bob Novaria

    EuroFinance Tutor & Partner, Treasury Alliance Group

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Centre stage will host keynote presentations and debates offering big-picture insight on global trends that will shape treasury into the future.

Risk underpins much of treasury strategy. This stage will consider all aspects: from in-depth mitigation strategies on hedging commodities, fx and interest rates; to bigger picture considerations on cyber – and new and imminent threats.

The pandemic accelerated the digital trend and many treasurers discovered how hard it is in practice to achieve true digitalisation, particularly if you are a mature organisation and have legacy issues. This series of case studies will give you a roadmap for transformation whether through technology or overhauling treasury processes.

Centralisation, efficiency and visibility are the key tenets that underpin a successful treasury. Bank accounts still need rationalisation. Working capital and liquidity remain top of the agenda. This collection of presentations will help you benchmark your operations.

Cooperation is the key to the future of treasury. From co-creating new solutions with your tech partners and developing new ideas with your banks, to partnering with the right influencers and decision-makers in your business, the ability to leverage all parts of the treasury ecosystem will differentiate the best from the rest.

9:00am -10:00am BST

The future of sustainability

ESG is on everyone’s agenda. If it’s not, the business optics look bad. Climate change, social impact and diversity must be demonstrated by all parties in the business ecosystem. Even the RFPs to banks from corporate clients these days evaluate the bank’s ESG credentials. That’s just one practical example. How else can finance teams embed the ESG agenda into day to day processes? Does your supply chain look robust from an ESG perspective? Are you investigating ESG-linked financing and investment solutions? How can ESG policies actually help improve money flows and costs in the treasury? This session is a concrete discussion between treasurers who have acted boldly to support and contribute to an enterprise-wide approach to ESG that firmly includes the finance function.

  • Alex Ashby

    Head of Treasury, Markets, Tesco

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  • Rakesh Kochhar

    Senior Vice President, Corporate Treasurer & Global Head of Sales Finance, Nissan Motor Co., LTD.

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  • Richard Wheatley

    VP Liquidity, BP Treasury

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Moderator
  • Vanessa Manning

    Independent Treasury and Financial Services Consultant, Accuryst

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11:00am -12:00pm BST

Time for a supply chain reckoning?

First Carillon, now Greensill: is something rotten at the heart of SCF? The collapse of UK firm Carillon led to questions around the use of SCF programmes to disguise overall debt levels as well as their ability to force smaller suppliers to pay for the privilege of being paid on time while larger firms benefited from greatly extended payment terms. The Greensill saga has exposed how lack of governance and transparency around the assets securitised in SCF programmes and the complexities of the legal structures that underpin those programmes, can combine to cause the collapse of both arranger and borrower, as well as losses for the ultimate providers of the funding. So, is SCF fit for purpose? Is it simply a way for large firms to borrow money via short-term securitisations they would otherwise be unable to? Is it an abuse of companies in the supply chain? And if there are versions of SCF that remain a viable and appropriate mechanism for companies with sound motives, how does the market ensure the asset transparency and diversification needed? Here a panel of companies discuss their views on the future of supply chain finance.

  • Nicola Marcheselli

    Head of Treasury & Cash Management, Barilla

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  • Takachida Kuhudzai

    Corporate Treasury Manager EMEA, Kimberly Clark Corporation

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Moderator
  • Paul Nicholson

    Senior Conference Producer, EuroFinance

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12:00pm -1:00pm BST

The power of partnership in action: making finance and treasury easier for companies

Everything about running an online business has been transformed by technology, but that’s not as true for business banking as it is for other parts of the economy. Just as Stripe set out to change payments a decade ago, it is now working to do the same for banking in partnership with Goldman Sachs through Stripe Treasury in the US. This is part of a wider trend where financial services products are emerging that provide an interface between banks and platforms, making it easier for platforms to provide user friendly services that build on the best-in class foundations established by banks. These kinds of products offer an experience that’s very much in line with the expectations businesses have in this online age. Expectations of business services available online have fundamentally changed, just like we’ve seen that happen in the consumer space. This session looks at how Stripe users can embed financial services enabling them to offer a banking-type experience to their users. Many of these users are small businesses that typically don’t have fast access to high quality banking products. Platforms are enabling millions of small businesses and independent workers that wouldn’t otherwise have the resources to stitch together these services manually – allowing them to focus their resources on building great products, without the need to worry about their back end operations.

  • Ellen Moeller

    Head of EMEA Partnerships, Stripe

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  • Ciaran Walsh

    MD, Head of EMEA Sales, Goldman Sachs Transaction Banking

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Moderator
  • Vanessa Manning

    Independent Treasury and Financial Services Consultant, Accuryst

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12:00pm -1:00pm

Clear thinking in treasury transformation: strategies for winning

Transforming treasury – by choice or necessity is tough work, especially when it involves technology. Planning what to do, when to do it, with who and how, can be a big headache. Complexity of systems, and the myriad of choices, just adds to the confusion. AI, digitization and treasury technology can mean different things to different internal stakeholders. Budgets can spiral – is the simple TMS fix better than the ERP, API overhaul? Where do we start? Where will it end? Will we really improve processes or just add more processes? In this session we look at transformation in thinking as well as systems, and share some wisdom from our panelists to help your organization begin or manage your journey to a new treasury. Our theme is “clear thinking” about objectives, scope, timing, and winning.

  • Xuelin Chen

    Group Treasury, Director, Trip.com

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  • Abraham Geldenhuys

    VP & Group Treasurer, Kongsberg Automotive

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Moderator
  • Daniel Blumen

    US-based treasury consultant

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1:00pm -2:00pm BST

A deeper and more meaningful dive into cash flow forecasting

Traditional cash flow forecasts rely upon the application of a receipts and disbursements methodology over a period of around 12 weeks, with manual adjustments and input from bank data. The addition of basic scenario analysis, and more complex statistical modelling of possible outcomes, has added another dimension to the basic process. So what next? How can treasurers combine the best elements of these methods with newer forecasting technologies that use machine learning and AI to leverage the huge amounts of historical data companies have, including data specifically related to exogenous shocks? And how can external data and analysis of its correlation with specific company business drivers be incorporated into forecasts? In this session, hear how one treasurer has re-engineered their cash forecasting process from the ground up and see which old processes they have kept, which they have jettisoned and which new methodologies and technologies they have adopted.

  • Nicolas Christiaen

    CEO & Co-Founder, Cashforce

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  • Kiera Agnew

    Assistant Treasurer, Kellogg Company

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1:00pm -2:00pm BST

FX hedging in difficult markets

When governor Naci Agbal was dismissed as head of the Turkish central bank, the offshore overnight swap rate spiked to an annualised 1,400 per cent before dropping to a mere 500 per cent later in the day. The sudden jump made it more difficult to hedge lira exposure and caused a significant liquidity squeeze in the offshore lira swap market. For companies operating in complex countries, this kind of event risk is common enough to require a different approach to that used in fully developed markets. Conventional forecasting must be overlaid by rigorous scenario mapping; hedging strategies need ‘Plan Bs’; and treasurers need a much more detailed understanding of the potential political drivers of FX and interest rate volatility. In this session we explore how treasurers can modify their hedging strategies to cope with the increased complexity of some of their key markets.

  • Roshun Tulkens

    Group Treasurer, Mantrac Group

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  • Mathieu Cheysson

    Deputy Treasurer LATAM, Nestlé

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  • Wendy Chan

    Head of Regional Treasury APAC and Japan, Nokia

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Moderator
  • Edwin Veenman

    CFO, Bellabeat

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2:00pm -3:00pm BST

Remote treasury scale-up in the time of pandemic

This unicorn company, with its ambitions to be operational in 80 countries (from 13) in 2020 to potentially 140 by 2022, needed a fully functioning remote treasury for all its entities from day one. The company, being fully remote, faced challenges that were amplified by the emergence of a global pandemic. Having never met in person, the head of Treasury and head of Finance set off on a journey to build a scalable foundation enabling the business to meet its expansion goals. This case study will look at the treasury processes and operations that the company needed to set-up to enable its expansion. From bank account management, KYC, and payments to building a remote team. What were the challenges the company faced and how did they overcome them to now operate a fully functional and centralised, remote treasury?

  • Gurjit Pannu

    Head of Treasury, Remote

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  • Pedro Barros

    VP of Finance, Remote

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  • Ruud Bulkmans

    Associate Partner Treasury, EY

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  • Haseena Khodadin

    Senior Manager Treasury, EY

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3:00pm -4:00pm BST

Virtual accounts: from nice-to-have to must-have

As part of the development of the cash-first culture necessary in a period of extreme disruption, treasurers must revisit some old friends. What was nice to have when times were easier is now must-have, and one such necessity is the comprehensive visibility and account rationalisation provided by the next generation of virtual account management tools. By eliminating the need for multiple demand deposit accounts, with pooling and sweeping to consolidate cash in a layer of concentration accounts, virtual accounts allow for immediate liquidity concentration and reduce overall complexity and cost. But how do virtual accounts work with the complex physical account architectures companies need to meet the unique operating, regulatory, and liquidity requirements of each of their entities? How can treasurers balance the need for a flexible VA architecture to incorporate changing regulatory and business needs, with the need for real-time connectivity with their internal systems? What happens to virtual account structures if the underlying business changes? This treasurer has just completed a comprehensive adoption of virtual accounts. In this session they explain the steps you should take in working with your banks to develop the optimal virtual account structure for your business and the challenges they overcame in integrating their virtual accounts solutions with their TMS/ERP.

  • Abdul Majid Syed

    VP - Financial Reporting, Controls & System, ACWA Power

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Moderator
  • Chris Robinson

    Director, TransactionBanking.com

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4:00pm -5:00pm BST

The role of treasury in the fight against fraud and cybercrime

Recent treasury surveys continue to reveal sharp rises in fraud losses and cyber attacks. But to what extent can or should treasury be part of the risk mitigation process. Even when specific treasury systems are being targeted, such as big-name ERP technology, it is usually specialist IT teams that take responsibility. In broader cyber, companies should have well-established monitoring, detection and incident response teams under a CISO. And in fraud, again, there are usually specific teams for detection and investigation. However, treasurers’ unique overview of critical financial and management data gives them an opportunity to spot issues that IT and security staff may miss. Obvious examples are the business email compromise scams that try to trick treasury staff into making payments on the say-so of senior management. Others include scams in which criminals ask staff to alter bank details in id-transaction. And more complex frauds may be most evident at the time a transaction is being initiated – when an alert treasury team still has time to stop it. How can treasurers work closely with IT, the CISO and the head of fraud to build a holistic defence against ever more sophisticated attacks.

  • Nicolas Trimbour

    Head of Fraud Prevention & Chief Data Officer, BNP Paribas Cash Management

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  • Royston Da Costa

    Assistant Group Treasurer, Ferguson plc.

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  • Mike Lamberg

    VP & Chief Information Security Officer, ION Treasury

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Moderator
  • Bob Novaria

    EuroFinance Tutor & Partner, Treasury Alliance Group

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Centre stage will host keynote presentations and debates offering big-picture insight on global trends that will shape treasury into the future.

We review the payments landscape as developments continue at hyperspeed with profound implications for business models, treasury processes and strategies, and for the partners providing these services. This stage will inform sound decision-making to help grow businesses, increase efficiency and offer better customer-facing solutions.

Risk underpins much of treasury strategy. This stage will consider all aspects: from in-depth mitigation strategies on hedging commodities, fx and interest rates; to bigger picture considerations on cyber – and new and imminent threats.

The pandemic accelerated the digital trend and many treasurers discovered how hard it is in practice to achieve true digitalisation, particularly if you are a mature organisation and have legacy issues. This series of case studies will give you a roadmap for transformation whether through technology or overhauling treasury processes.

Centralisation, efficiency and visibility are the key tenets that underpin a successful treasury. Bank accounts still need rationalisation. Working capital and liquidity remain top of the agenda. This collection of presentations will help you benchmark your operations.

Cooperation is the key to the future of treasury. From co-creating new solutions with your tech partners and developing new ideas with your banks, to partnering with the right influencers and decision-makers in your business, the ability to leverage all parts of the treasury ecosystem will differentiate the best from the rest.

9:00am -9:10am

Fintech showcase: Global PayEX

A 10-minute presentation from a cutting edge fintech

Presented by
9:20am -9:30am

Fintech showcase: Omniscient Software

A 10-minute presentation from a cutting edge fintech

Presented by
9:40am -9:50am

Fintech showcase: Cobase

A 10-minute presentation from a cutting edge fintech

Presented by
10:00am -10:10am

Fintech showcase: CashAnalytics

A 10-minute presentation from a cutting edge fintech

Presented by
10:20am -10:30am

Fintech showcase: Qredo

A 10-minute presentation from a cutting edge fintech

Presented by
10:40am -10:50am

Fintech showcase: Coinbase

A 10-minute presentation from a cutting edge fintech

Presented by
11:00am -12:00pm BST

What treasurers need to know about the future of crypto

A market that moves 10% on the throwaway comments of a man who fires cars into space is not a natural replacement for global fiat currencies. But will history show that Bitcoin and Elon Musk are to crypto currencies what the dotcom boom was to digital transformation – the wild-west precursor to genuine and profound change? After all, cryptocurrencies like Ethereum are more than just coins – they are platforms around which transformational financial (and other) technology can be built. Stablecoins, an attempt to create less volatile crypto assets, are increasing in number and sophistication. And an increasing number of central banks have digital currency initiatives. But why should treasurers care? And is the present interest in cryptocurrencies simply a fad that governments will stamp out if they gain enough traction to threaten the current monetary order? The Chinese government’s flip-flopping has recently given way to bans on financial institutions and payment companies from providing services related to cryptocurrency transactions and warnings against speculative crypto trading. In this session we discuss the state of play today and look at the possible points of impact with corporate treasury.

  • Antony Lingard

    Global Head of Corporate, Celsius

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  • Michael Moro

    CEO, Genesis

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  • Oliver Harris

    Head of North America Digital Assets, Goldman Sachs

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Moderator
  • Daniel Blumen

    US-based treasury consultant

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12:00pm -1:00pm BST

Transformation case studies

Treasury digitalisation comes in two broad categories: some treasurers are fortunate enough that they can plan and drive their own transformation plans and sync them with enterprise-wide initiatives; most however have found themselves having to react to sudden demands from the business as customer requirements or competitive pressures change. Either way, treasury is having to re-think client and supplier interfaces, with a close eye on cybersecurity. It must adapt to faster payment cycles across more channels, higher volumes of lower value payments, and different collection challenges. And digitalisation affects bank services and relationships too. In this session a panel of treasurers share their perspectives on these treasury challenges and the different ways they have had to work to maintain long-term transformation programmes in the face of rapidly changing business needs.

  • Jayant Parande

    President & Global Head, Treasury & IR, Group Treasurer, Olam

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  • Yang Xu

    Senior VP, Global Finance & Treasurer, Kraft Heinz

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Moderator
  • Daniel Blumen

    US-based treasury consultant

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12:00pm -1:00pm BST

Innovative solutions showcase

Most treasurers do not have the luxury of jettisoning legacy systems and processes in one go. So, finding creative ways to make progress on the treasury innovation journey is a critical skill. One key step is the adoption of cloud. SaaS solutions for ERPs, TMSs, FX risk management and a number of other key treasury functions are becoming a must-have. Another significant milestone for many treasurers is the widespread adoption of automation. RPA and similar technologies have moved from simply replicating previously manual processes to providing finance staff with individual ‘assistants’ and to integrating machine learning to supply smart analytics as well as simple automation. Which tech should be on each treasurer’s list of priorities and what does it take to bring your treasury to the next level.

  • James Kelly

    SVP Treasury, Risk Management & Insurance, Pearson

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  • Patrick Cannon

    EVP, Reval and Treasura Product Lines, ION Treasury

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1:00pm -2:00pm BST

Instant treasury and what does it actually mean?

Instant Treasury using APIs is a hot topic in the industry. But what exactly do we mean by “instant” and why is it so important? Join Johnson Controls, BNP Paribas and SWIFT to hear about the drivers behind this revolution, the benefits it could bring and the challenges that the industry might face if truly instant treasury is to be achieved on a global level.

  • Mario Del Natale

    Treasury Director, Global Treasury Application Processes & Technologies, Johnson Controls Luxembourg Treasury

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  • Wim Grosemans

    Head of Product Management, Payments & Receivables, Cash Management, BNP Paribas

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  • Wim Raymaekers

    Head of Corporates Strategy, SWIFT

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  • Kiyono Hasaka

    Principal, Global Standards Implementation, SWIFT

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Moderator
  • Patrick Kunz

    Pecunia Treasury & Finance BV

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1:00pm -2:00pm BST

Reimagining treasury: Supporting the expanding role of corporate treasury with digital treasury technology

The past 18 months have been challenging for corporate treasury departments. They have had to deal with economic uncertainty and market volatility compounded by existing liquidity and risk management challenges as well as the expanded role of treasury. Join this session to hear from a panel of corporate treasury practitioners as they discuss how they have not only implemented the latest digital treasury technology to manage cash and risk but how they are using it to manage other requirements like netting and in-house banking. Hear how their current environments have prepared them to manage treasury today and into the future.

  • Audrey Deng

    Head of Treasury, Financial Solutions, Atlas Copco

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  • Barna Gergely

    Head of Global Treasury Operations, Hitachi ABB Power Grids

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  • Luc Belpaire

    Senior Sales Solution Manager, Enterprise Treasury and Payments, FIS

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2:00pm -3:00pm BST

Advancing integrated business payment flows that benefit the whole value chain

The global pandemic has accelerated the demand for digital payments, but figures suggest that up to 80% of small business invoices are still paid by cheque. With a lack of speed and insight, such manual processes cause challenges with forecasting, leaving treasurers identifying digitisation as a priority post Covid. As the industry looks to advance a more resilient supply chain, what technologies should be prioritised to realise integrated and intelligent B2B payment processes that enhance transparency? What innovations are set to transform the treasury function by eradicating legacy friction points and increasing efficiency and trust between trading and banking partners? Join Mastercard and Pagero as they discuss how innovation, brought to life through partnership, can advance truly integrated B2B payment flows, from digital invoicing to securely packaged payments that simplify the movement of funds for buyers and suppliers while increasing transparency for financial institutions and lenders.

2:00pm -3:00pm BST

Interest rates, inflation, commodities markets: all change?

Interest rates have seesawed this year as the market pivots between fears of another COVID induced slump vs. concerns that the unprecedented stimulus programmes delivered globally are storing up inflationary pressures that will require a more immediate interest rate response. With rising commodity prices, transition to net zero (which may come with its own costs) and continued market uncertainty causing volatility across all asset classes, we discuss what this means for treasury teams and how they are adapting their risk management programmes.

  • Viktor Mura

    Head of Treasury, Tax & Investor Relations, Wizz Air

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  • Michael Storup

    Treasurer, IKEA Supply AG, Inter IKEA Group

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  • Philip Maton CFA

    CFA, VP Treasury, Head of Risk and Operations, Liberty Global

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  • Chris Blow

    Assistant Treasurer, Twilio

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  • Desiree Pires

    MD, Head Corporate Sales, Europe, Standard Chartered

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3:00pm -4:00pm

New company, new treasury

Setting up a treasury from scratch can be a daunting exercise. To have it up and running in record time while preparing for a spin-off during lockdown is nothing short of a miracle. Especially when the requirements are complex and the number of stakeholders is large. For Siemens Energy, the separation from Siemens AG involved preparing the transition of treasury-related activities and transactions in about 90 countries, while building up the new global treasury team. Being ready to operate from day one meant implementing the treasury processes & controls, as well as establishing the Siemens Energy Treasury IT landscape with a brand new TMS and various IT systems and interfaces. Operating an in-house treasury platform, automating the E2E FX and commodity hedging process, using APIs, an internal account structure and more, the new treasury both leverages proven solutions, and benefits from the latest innovations. This highly centralised and digitalised set-up has resulted in great efficiency and cost savings. We hear about the challenges, the gains and lessons learnt.

  • Elvira Quito

    Head of Treasury, Siemens Energy

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Moderator
  • David Blair

    MD, Acarate

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3:00pm -4:00pm BST

How Zalando transforms treasury to support its hyper growth

Zalando has gone from start-up to grown-up at hyper growth speed. In this session, Zalando will detail their timeline and project management objectives of their treasury transformation. They will take a deep dive into the transformation of each treasury process, particularly their hedge management and cash flow analyser operations. What are the challenges and lessons learned while transforming treasury and how can treasury keep pace with the speed of corporate growth. What has been achieved so far and what are the next steps and enhancements for treasury?

  • Dominika Kilka-Roth

    Team Lead Treasury Market Risk & Liquidity, Zalando SE

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  • Tinatin Biganashvili

    Team Lead SAP Treasury, Zalando SE

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  • Christian Mnich

    VP, Head of Solution Management Treasury & Working Capital Management, SAP

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4:00pm -5:00pm BST

Reinforce your payment fraud defence through the power of community

Every single day finance and treasury practitioners learn through bitter experience that digital payments fraud is getting more and more advanced. The vast majority of today’s technology-oriented attacks, particularly those that target large enterprises, are led by sophisticated, well-resourced and innovative fraudsters attempting to breach company defences. How can you tackle this growing threat and mitigate the risks? The answer is a multifaceted, community-driven approach to payments security, encompassing both payment fraud prevention and detection. In this session, the panel will show how innovative data sharing among a community enables real-time fraud detection and can tackle man in the middle attacks or fake invoice attempts. See how intelligent fraud prevention by leveraging the intelligence of the crowd increases security and flexibility and how this holistic approach helps companies to stand up against sophisticated and subversive fraudsters.

  • Andreas Lützelschwab

    Head of Corporate Finance & Investor Relations, Swissgrid AG

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  • Erol Bozak

    CPO & Co-Founder, Treasury Intelligence Solutions GmbH

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  • Dr. Stefan Fruschki

    Head of Transaction Surveillance & Cross-Product Governance, Deutsche Bank

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Moderator
  • Jörg Wiemer

    CSO & Co-Founder, Treasury Intelligence Solutions GmbH

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4:00pm -5:00pm BST

Getting collaboration right

The theory sounds great but what about the practice? Where does it make sense for companies to work directly with third-party technology companies, and when is it better to develop solutions with relationship banks who themselves are co-developing with fintechs? And what are the priorities for treasurers looking to develop more collaborative approaches to building out their next-gen treasuries – payments and collections? Cash forecasting? Reconciliations? In this session we explore the practical realities of the ecosystem approach, looking not just at the benefits, but also the challenges and the pitfalls.

  • Paal Johan Aronsen

    Sr Manager Financial Risk & Funding, Wallenius Wilhelmsen ASA

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  • Anita Bubna

    Sr. Director, Treasury, Flex

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  • Vincent Almering

    Group Treasurer, Interfood

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Moderator
  • David Blair

    MD, Acarate

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5:00pm -6:00pm BST

The search for yield

Even before the pandemic, corporate treasurers faced a dearth of places to put their excess cash to work. Negative rates were becoming more common in government bond markets and banks were effectively charging to take deposits. The huge injections of liquidity that covid has spurred, along with country-specific policies (reductions in Fed T-bill issuance for example), has exacerbated this situation. At the same time, the uncertainty created by the pandemic means that cash cannot simply be returned to shareholders or invested in organic growth or M&A: companies need a significant cash buffer. So, should treasurers look beyond the MMF universe at enhanced cash funds? Should they invest directly in investment-grade corporate bonds with three to 12 months to maturity? And are there any more sophisticated credit, currency or duration plays that can deliver higher yields for small increments in risk? We talk about the search for yield.

  • Pradipto Bagchi

    Treasurer, Zimmer Biomet

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  • Coralie Billmann

    EMEA Treasurer, Paypal

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Moderator
  • Mariel Barclay

    Editor, EuroFinance

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5:00pm -6:00pm BST

Designing a firm level philosophy for risk management: a treasurer’s guide

Treasurers are de facto risk managers whether explicitly stated or not, and the role of the treasurer as a strategic mitigator across a spectrum of firm level risks is growing. Uncertainties in the external environment, even as the economy recovers, demand that the firm has a strong financial risk management strategy designed to stabilise the business in volatile conditions. The strategic management of risk encompasses the strengthening of the capital structure of the firm, the stabilisation of credit ratings, the flow of liquidity and working capital, hedging for currency risk, managing interest rate risks, even pension risks. Most recently ESG risk, where environmental factors can have a material impact on trading, supply chains and investment, has also entered the risk lexicon. Given this risk laundry list, how does the treasurer develop a holistic view of risk management to envelop all these elements at a strategic level now? In this session we dive into the thoughts of a treasurer who is deeply versed in risk philosophies.

  • Rajat Gupta

    Senior VP & Group Treasurer, Bunge

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  • Ferdinand Jahnel

    VP, Treasurer, Marsh & McLennan Companies, Inc.

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Moderator
  • Mark McDonough

    Independent Treasury Professional

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6:00pm -7:00pm BST

Update on MMFs in Europe: what treasurers need to know

IMMFA is the trade association representing the European money market fund industry and, in this session, they will provide an update on the current landscape for the industry, including money market reform in Europe and what that has meant for investors investing in money funds. MMFs are an important tool for treasury and reforms introduced in 2019 changed MMF categories with a view to enhancing investor protection. The session will look at the impact of the pandemic and how MMFs weathered the storm. Turning to the future, what may be on the horizon in terms of future reforms and what are the potential implications for treasurers?

  • Veronica Iommi

    Secretary General, IMMFA

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Moderator
  • Paul Nicholson

    Senior Conference Producer, EuroFinance

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Centre stage will host keynote presentations and debates offering big-picture insight on global trends that will shape treasury into the future.

Risk underpins much of treasury strategy. This stage will consider all aspects: from in-depth mitigation strategies on hedging commodities, fx and interest rates; to bigger picture considerations on cyber – and new and imminent threats.

The pandemic accelerated the digital trend and many treasurers discovered how hard it is in practice to achieve true digitalisation, particularly if you are a mature organisation and have legacy issues. This series of case studies will give you a roadmap for transformation whether through technology or overhauling treasury processes.

Centralisation, efficiency and visibility are the key tenets that underpin a successful treasury. Bank accounts still need rationalisation. Working capital and liquidity remain top of the agenda. This collection of presentations will help you benchmark your operations.

10:00am -11:00am BST

Is it possible to stay ahead of the curve? Disrupt an industry? Predict the new normal?

Remember when the theory of disruptive innovation came out in the mid-1990s? Some years later it was shortened to “disruption” and purloined to describe anything that was supposedly innovative. It became one of those irritating, overused cliches (although not quite as maddening as the ubiquitous “new normal” that has been used to chronicle the aftermath of everything from the financial crisis to covid). The real theory of disruption describes how smaller companies challenge an incumbent business while keeping the tenets that drove their disruptive success. Why are we telling you all this? Because every industry and its finance function needs to be aware of the potential challenges and challengers of the future. In this entertaining keynote, we offer you some insights.

  • Amish Parashar

    CEO, Explorers' Lab

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Moderator
  • Damian Glendinning

    Principal, Treasury Matters

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11:00am -12:00pm BST

Funding for the Future

While much of the corporate fundraising activity over the past year has been to hedge balance sheets against the uncertainties caused by COVID, companies have also had an opportunity to fund the transformations and the acquisitions that will define their futures. The smartest treasuries have conducted simultaneous operations in the equity, bond and loan markets to restructure balance sheets, take advantage of record low interest rates and record high stock prices to lock in the right capital mix for the next five to 10 years. But getting these programmes completed without spooking investors and affecting ratings agencies is a delicate balancing act. In this session we will tell the story of how this company successfully completed significant combinations of debt and equity issuance in this volatile market environment. What objectives drove the programmes? How did they decide the balance between equity, bonds and loans? And how did they persuade investors to accept their plans for the future?

  • Marjan Groeneveld

    Global Director Treasury, Insurance & Pensions, Koninklijke Vopak N.V.

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Moderator
  • Vanessa Manning

    Independent Treasury and Financial Services Consultant, Accuryst

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12:00pm -1:00pm BST

Treasury transformation for growth companies

Wieland is at the heart of the major trends shaping the world today: recycling, urbanisation, globalisation and digitisation. The 5 billion euro group is a copper and copper alloy specialist with a broad product and service portfolio that provides its customers with solutions for automotive, electronics, refrigeration, air conditioning, electromobility, connectivity and electrical equipment. In this session, Wieland will profile its treasury function and how significant growth via M&A in North America led to a diverse cash management structure with multiple banks and different processes that demanded a consolidation in order to leverage efficiencies. The consolidation project reduced the number of its banks and onboarded SAP and Swift. The successful North American roll-out was based on experiences of smaller roll-outs in Europe and further regions are already scheduled. This session will look at those transformations.

  • Fabian Schwarz

    Director Treasury & Corporate Finance / AR, Wieland Group

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  • Katrin Steinbach

    Team Leader Global IT Finance & HR, Wieland Group

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Moderator
  • Chris Robinson

    Director, TransactionBanking.com

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12:00pm -1:00pm BST

The EuroFinance award for digital transformation/technology implementation: Pearson

Following Pearson’s previous success in the EuroFinance Treasury Excellence Awards, the company built on its earlier cash management optimisation project with a more comprehensive forecasting solution that incorporates AI-enabled forecasting alongside analyst forecasts, sales forecasts and committed cash flows. Despite the uncertainty brought by the Covid crisis, Pearson used the enhanced process to speed up invoicing, accelerate £60m in cash flow and meet its 2020 targets. In this session, award-winner Pearson will delve into the details of its transformation.

Moderator
  • Adrian Rogers

    Senior EuroFinance tutor & Director, ARC Solutions

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1:00pm -2:00pm BST

The commodities conundrum

As economies ricochet from depression-era slumps to roaring booms, commodity producers and consumers have ridden a violent and unpredictable roller-coaster. The prices of raw materials including palm oil, aluminium and a broad basket of plastics rose by double digits in Q1 2021. Companies with hedges in place give themselves the choice of passing on price rises to consumers or not. Those without risk losing market share as they revise end-consumer prices upwards or take a margin hit. So now, as in FX and interest rate risk management, the question for commodities is, ‘what next?’. Should treasurer wind down hedges in the expectation of a price correction, adopt a more short-term use of forwards, add optionality to provide flexibility at a time when volatility has pushed up premiums or assume a sustained boom and lock in longer-term forward rates? And what about the cross-correlation between commodity and FX hedging, given the links between the US dollar and commodities and the wider implications on the dollar of covid and geopolitics?

  • Atul Garg

    Assistant Treasurer, Campbell Soup Company

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  • Christine Rovelli

    SVP Finance & Fleet Management, Finnair

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Moderator
  • Daniel Blumen

    US-based treasury consultant

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2:00pm -3:00pm BST

The future of treasury: partners to business growth

One positive aspect from covid is that treasurers are now firmly embedded in the business as a partner and leader. How are treasurers going to ensure their continued importance to the business. How do you plan out your strategic push for the next five to 10 years? Which areas of the business can a treasurer delve into to lead change? Can you impact customer relationships? More importantly, how do you persuade the business to link up with finance to create growth within the business? How does the CFO view your role? Are you safeguarding your future with appropriate leadership skills? Are you initiating key scenario plans enabling the business to respond quickly to changing conditions?

  • Tapan Buch

    Vice President and Assistant Treasurer, Procter & Gamble Inc.

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  • Tushar Bharatia

    Sr. Manager, Treasury, Amazon.com

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Moderator
  • David Blair

    MD, Acarate

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