• Monday
    21 September
  • Tuesday
    22 September
  • Wednesday
    23 September
  • Thursday
    24 September
  • Friday
    25 September
  • Centre stage
  • Stage 1
  • Stage 2
  • Stage 3
  • Stage 4
  • Lab 1
  • Lab 2
Keynotes
  • 8:50am BST
    3:50am EST
    3:50pm SGT
    Welcome address
    • Lara Boro Chief Executive Officer The Economist Group UK
  • Lara Boro Chief Executive Officer The Economist Group UK
  • 9:00am BST
    4:00am EST
    4:00pm SGT
    The bigger picture: after the bailout what next?
    • Zanny Minton Beddoes Editor-in-Chief The Economist UK
    • Josie Cox Knight-Bagehot Fellow Columbia University USA
  • First there was the shock, then the bounce; and now a new uncertainty. Financial markets are back to pre-pandemic levels but what about businesses and people? If this is recovery is it a V, a W or a ‘reverse tick’? Or is this just the prelude to a recession that was predicted before we’d ever heard of Covid-19? Will there be a second wave? Have government bailouts created a new bubble or a debt bomb or both? What will the return to work look like and how will it differ region by region given the role of demographics in mortality? And overlaying these imponderables, the key trends of the last 10 years are coming to a boil. Technology, nationalism, and the big one – the planet. So where do businesses start? What practical steps can they take to survive this level of uncertainty?

    Zanny Minton Beddoes Editor-in-Chief The Economist UK
    Josie Cox Knight-Bagehot Fellow Columbia University USA
  • 12:00pm BST
    7:00am EST
    7:00pm SGT
    The perfect storm: Covid-19 through a treasury lens
    • Doug Tropp SVP & Treasurer Booking Holdings Inc. USA
    • Christine Rovelli VP Group Treasurer & Head of M&A Finnair Finland
    • Annant Shah VP, Head of Capital Markets Equinor
    • David Blair MD Acarate Singapore
  • Faced with collapsing top-line revenues, uncertain costs, a spike in cash collection problems, extreme financial market volatility and the need to prepare balance sheets for a prolonged economic storm, treasuries around the globe have battled to keep on top of a fluid and dangerous situation. On the upside, extreme stress tests reveal what works and what doesn’t, and can act as a powerful lever for additional resources or strategic change. Our panel of three treasury professionals reveals what they found most challenging; where normal treasury assumptions, systems and dependencies held up and where they didn’t and how those lessons are already reshaping the treasury agenda.

    Doug Tropp SVP & Treasurer Booking Holdings Inc. USA
    Christine Rovelli VP Group Treasurer & Head of M&A Finnair Finland
    Annant Shah VP, Head of Capital Markets Equinor
    David Blair MD Acarate Singapore
Best to be brilliant at the basics

Being brilliant at the basics has always been at the core of corporate success. Surviving sudden, unprecedented and unexpected disruption has only emphasised the importance of strong foundation and rigorous processes. And nowhere is this more apparent than treasury. But post-pandemic which basics are the most important and what can go on the backburner? And what does being brilliant at them look like?

  • 2:00pm BST
    9:00am EST
    9:00pm SGT
    Visibility, visibility, visibility
    • Bruno Mellado Global Head Payments and Receivables BNP Paribas Belgium
    • Philippe-Emmanuel Crolus Global Service Owner Treasury & Cash Management Novartis Switzerland
    • Patrick Kunz Managing Partner Pecunia Treasury & Finance The Netherlands
  • As the crisis has shown, without visibility, companies are robbed of the information they need to make critical decisions. Working with relationship banks to improve and standardise multi-bank connectivity is part of the answer, as are open banking, SWIFT’s GPI initiative, APIs and new third-party platforms dedicated to improving information flows in cross-border banking and payments. And as the building blocks of a real-time financial system start to come on-line, instant visibility becomes a more realistic objective. But in this complicated ecosystem, with a leap in visibility now seemingly possible, what is the best way to get there? Should treasurers now try to outsource the visibility problem completely or should they get involved in the nitty-gritty of, for example, integrating bank APIs within ERP systems, treasury management platforms and other portals? This treasurer aimed for the 80/20 rule and exceeded expectations: how did they do it cost-effectively?

    Bruno Mellado Global Head Payments and Receivables BNP Paribas Belgium
    Philippe-Emmanuel Crolus Global Service Owner Treasury & Cash Management Novartis Switzerland
    Patrick Kunz Managing Partner Pecunia Treasury & Finance The Netherlands
  • 3:00pm BST
    10:00am EST
    10:00pm SGT
    Liquidity, liquidity, liquidity
    • Brent Bounds Vice President, Treasury & Collections Ebay USA
    • Mark Kirkland Group Treasurer Constellium Switzerland
    • Fred Schacknies Former SVP & Treasurer Hilton Worldwide USA
    • Mike Young Head of Treasury Juniper Network USA
  • The pandemic has stressed every treasury pain point, from cash visibility to managing the credit risk on receivables to managing the treasury team remotely. But for most treasurers the single biggest concern has been securing liquidity from the banking and capital markets to bridge this period of extreme uncertainty. This has fallen to treasury as debt issuance and conducting capital markets activities, once seen as the responsibility of the CFO, are now undertaken by treasury. While the C-suite still determines overall parameters for capital structure and, particularly, any equity-related changes, bond and loan negotiation and execution are very often left to treasury staff. Even where there is CFO input, treasury is usually responsible for the planning, projections, interest rate modelling and cash flow analysis that precedes debt issuance. These treasurers have led a series of financings over the past months and in this session they explain their view of the role of treasurer, CFO and the board in capital raising and finance structure optimisation.

    Brent Bounds Vice President, Treasury & Collections Ebay USA
    Mark Kirkland Group Treasurer Constellium Switzerland
    Fred Schacknies Former SVP & Treasurer Hilton Worldwide USA
    Mike Young Head of Treasury Juniper Network USA
Treasury at the frontline of another normal: exploring new remits

Many of the critical developments in modern commerce have been felt first, or most keenly, in treasury. Think about the revolution in payments, the radical changes in foreign exchange and derivatives markets caused by algorithmic trading, blockchain, card virtualisation and wallets, and automation. The Covid-altered world will accelerate these trends but reverse others. Again, treasury will be at the frontline of the business response, as these sessions will show.

  • 1:00pm BST
    8:00am EST
    8:00pm SGT
    Research insights: Building a resilient treasury
    • Catherine Hill Director, Treasury Salesforce Switzerland
    • Abel Martins Alexandre Treasurer Rio Tinto UK
    • Melanie Noronha Senior Editor The Economist Intelligence Unit UAE
    • Ole Matthiessen Global Head of Cash Management Deutsche Bank Germany
    • Robert Novaria EuroFinance Tutor & Partner Treasury Alliance Group USA
  • No sooner had treasurers started to implement strategies for 2020 than the economic picture for the year changed irrevocably. Treasurers have had to balance managing short-term risks with longer-term priorities. They have reassessed macro and financial risks that impact investment plans and corporate strategy and are preparing for negative interest rates and regulatory changes. Against this backdrop, treasurers are increasingly relying on advanced technologies to navigate the changes and stay ahead. In this session, we will highlight the forces that will define both the priorities of the future and the corporate treasury function itself over the coming decade. We will open with insights from The Economist Intelligence Unit, exploring attitudes among corporate treasurers towards the drivers of strategic change and delve deeper into the experiences of senior treasurers across industries.

    Catherine Hill Director, Treasury Salesforce Switzerland
    Abel Martins Alexandre Treasurer Rio Tinto UK
    Melanie Noronha Senior Editor The Economist Intelligence Unit UAE
    Ole Matthiessen Global Head of Cash Management Deutsche Bank Germany
    Robert Novaria EuroFinance Tutor & Partner Treasury Alliance Group USA
  • 2:00pm BST
    9:00am EST
    9:00pm SGT
    Optimising subsidiary capital structures for maximum value generation
    • Marco Knauf Director, FP&A Nutrition Archer Daniels Midland Company USA
    • Fred Schacknies Former SVP & Treasurer Hilton Worldwide USA
  • Optimising subsidiary capital structures can unlock more earnings power than almost any other corporate treasury lever. Yet the technical complexities and opaque value visibility can obscure significant treasury benefits, such as reduced FX hedging costs, optimized tax planning, and minimised excess cash. Responsibility for subsidiary capital can fall somewhere between a company’s tax, treasury, legal, controlling, and business teams, and so executing an exercise in capital optimisation requires smart treasury leadership. Critical factors to consider when developing a strategic approach include onboarding internal stakeholders to the project and reconciling competing objectives to develop a value driven framework. In this session, this treasurer will walk you through some examples of typical challenges with subsidiary capital structures and how to address them for maximum value generation.

    Marco Knauf Director, FP&A Nutrition Archer Daniels Midland Company USA
    Fred Schacknies Former SVP & Treasurer Hilton Worldwide USA
  • 4:00pm BST
    11:00am EST
    11:00pm SGT
    Consumer technology and business model shifts: the implications for treasury
    • Jim Scurlock Head of Cash Management Microsoft USA
    • Jennifer Wan Head of UK Corporate Sales, GTS Bank of America UK
    • Shan Anwar Global Head, Investments & Treasury Payments eBay USA
    • Michael Scott Treasury Director Expedia Group USA
  • Almost overnight, technology became critical as the global pandemic hit. Consumer purchasing shifted online making use of media and cloud-based solutions as well as apps to help access goods and services. What implications were there for the treasuries of those companies offering these goods and services. How did personnel and process change? How did treasury help to lead new directions? How did strategy pivot or not? What challenges did treasury face in terms of currency volatility and trapped cash? Did BCP and cyber responses need to change? How has treasury evolved since? What did the shift to virtual mean for people, new areas of expenses? Without doubt corona has led to business model evolution and these treasurers will talk about how treasury can successfully accommodate this in everything from cash to working capital and supply chain strategies.

    Jim Scurlock Head of Cash Management Microsoft USA
    Jennifer Wan Head of UK Corporate Sales, GTS Bank of America UK
    Shan Anwar Global Head, Investments & Treasury Payments eBay USA
    Michael Scott Treasury Director Expedia Group USA
Treasury masters share all: benchmark your treasury against top performers

Are you an SME or a global MNC? Is your priority managing rapid growth, hedging against political and economic uncertainty, digital transformation or international expansion? Regardless of where your company is in the treasury journey, these fireside chats and case studies with the world’s leading treasurers will give you valuable insights into the ways in which you can improve your core treasury operations and add real value to your business.

  • 2:00pm BST
    9:00am EST
    9:00pm SGT
    The future of leading tech companies and their finance function
    • Christopher Van Woeart Head of Treasury Stripe USA
    • Victor Penna Global Head of Structured Solutions Development, Cash Standard Chartered Bank UK
    • Silver Zuskin Director, Finance EMEA Treasurer Dell Slovakia
    • Jack Bryan VP, Treasurer Payoneer USA
  • Join this panel of treasurers from some of the world’s leading tech companies as they talk about their treasury and technology journeys and where it will take them over the next decade. How is treasury run? What is on the agenda? What will the future of the industry look like now and how will that impact treasury operations? From payment issues to risk and liquidity to funding, hear these companies share their insights, opportunities and challenges. Our expert analyst opens this session to look at the industry outlook.

    Christopher Van Woeart Head of Treasury Stripe USA
    Victor Penna Global Head of Structured Solutions Development, Cash Standard Chartered Bank UK
    Silver Zuskin Director, Finance EMEA Treasurer Dell Slovakia
    Jack Bryan VP, Treasurer Payoneer USA
Transforming treasury technology and all things digital: a reality check

The rapidity of technological change is overwhelming companies’ ability to digest it. Manual processes and Excel-based workflows are ubiquitous and often linked to established counterparty and supply chain practices and relationships as much as to legacy ways of working. To change this, treasurers must isolate the improvements that will deliver the most value, and then choosing strategies and solutions to achieve those improvements, is a less risky path to treasury transformation – and easier to sell to senior management. In this stream see how your peers are easing core treasury pain points cost-effectively and without undue disruption to business as usual.

  • 1:00pm BST
    8:00am
    8:00pm
    Making forecasts flexible
    • James Kelly Group Treasurer Pearson UK
    • Chris Robinson Director TransactionBanking.com UK
    • Nicolas Christiaen CEO & Co-Founder Cashforce Belgium
  • Uncertainty around cash collection is a significant cause of forecast inaccuracy and smart combinations of historical data and detailed knowledge of payment behaviour can improve this. In normal times. But what happens when a once in a generation shock like Covid occurs and you don’t know what historical data has value? What happens when events move dramatically day by day making 30 day forecasts highly unpredictable and other key forecasts (GDP growth, FX and interest rates) vary wildly? James Kelly, Group Treasurer from Pearson describes how they have used Cashforce to model and test a range of scenarios based on historic data and trends, profit forecasts and risk scenarios. Real-time data and constant feedback from the business was used to back test their accuracy and improve the scenario models. James Kelly describes how they broke down their forecasting process to suit the changing stages of the crisis from initial lockdowns, to partial re-openings and a new ‘business as usual’.

    James Kelly Group Treasurer Pearson UK
    Chris Robinson Director TransactionBanking.com UK
    Nicolas Christiaen CEO & Co-Founder Cashforce Belgium
  • 4:00pm BST
    11:00am
    11:00pm
    Treasury transformation firsts
    • Debbie Kaya Senior Director of Treasury Cisco USA
    • Daniel Blumen Partner Treasury Alliance Group USA
  • It’s not simply a question of skills and mindset. Treasury’s ‘run treasury, change treasury’ conundrum is first and foremost an issue of resources. Treasurers, already struggling to do more with less, need to escape from the burden of manual processes and reconciliation of incompatible systems in order to devote time to adding value to the business. Without an unlikely hiring spree, the answer to this dichotomy is a technology-driven treasury transformation. With cloud-based TMS and ERP systems now available, and with the option to outsource most basic treasury tasks to payment platforms, bank systems and other SaaS applications, automated end-to-end processes are becoming a realistic goal. Add robotic process automation and AI-driven ERPs, and the time spent on basics such as daily global cash positioning can be reduced by up to 90%, allowing for more value-added and strategic activities. That’s what this treasurer has achieved. This is how they did it.

    Debbie Kaya Senior Director of Treasury Cisco USA
    Daniel Blumen Partner Treasury Alliance Group USA
Payments & FX

Payments sit at the intersection of pretty much every significant treasury concern: fraud, cyber-risk, technology transformation, real-time transactions, and the tensions between globalisation and de-globalisation. In this Lab get the latest on the key technical and regulatory initiatives changing the payments ecosystem and on the big picture drivers that may upend the conventional assumptions.

  • 3:00pm BST
    10:00am EST
    10:00pm SGT
    The changing payments environment: how to use payments to boost growth
    • Jonathan Williams Principal Consultant Mk2 Consulting UK
    • Javier Orejas Head of Banking EMEA & Americas IATA Spain
    • Wim Grosemans Global Head of Product Management for Payments and Receivables BNP Paribas Belgium
    • Wim Raymaekers Global Head of Banking Market SWIFT Belgium
  • The payments ecosystem is developing so rapidly it is hard to keep up. The ease with which developers can access payment APIs, bank and other transaction data means that the number of platforms, apps and channels is multiplying almost daily. With these comes better visibility, improved credit control, real-time and instant payments, but also cybersecurity and data privacy risks. This session will consider the changing payments environment to help you understand the wider ecosystem of instant payments and collections and the impact on supply chain. What are the transformational impacts on treasury from instant payments? Discover practical ways to embed real-time instant payments and collections. Understand how companies can leverage APIs to boost internal treasury processes as well as to explore newer business models that provide greater transparency and visibility to the end consumer. This session will also explore the use of alternative payment methods like mobile wallets to manage collections more efficiently and increase business penetration in key emerging markets.

    Jonathan Williams Principal Consultant Mk2 Consulting UK
    Javier Orejas Head of Banking EMEA & Americas IATA Spain
    Wim Grosemans Global Head of Product Management for Payments and Receivables BNP Paribas Belgium
    Wim Raymaekers Global Head of Banking Market SWIFT Belgium
  • 5:00pm BST
    12:00pm EST
    12:00am* SGT
    Climbing the Great Wall of China
    • Tim Husnik Treasury Director Medtronic USA
    • Vivi Zhou Treasury Manager Medtronic USA
    • Daniel Blumen Partner Treasury Alliance Group USA
  • China is an important market for Medtronic (a ~$140B medical technology company) generating ~7% of annual sales in FY20. Given the size of the business, coupled with increased FX volatility (trade war, PBOC currency internationalization efforts, currency controls), a solution was needed to address currency risk. This session will showcase how Medtronic transformed its operations in China – resulting in millions saved annually, establishment of a cash flow hedge accounting program, the centralization of FX risk management, and having total control over cash. Learn about how the company revolutionized their billing currency strategy, leveraged a new bank relationship to get access to both onshore and offshore RMB markets, and moved away from an outdated “single bank solution” to a “dynamic multibank program”. In this session Medtronic Treasury will showcase how they climbed The Great Wall (of FX challenges) in China.

    Tim Husnik Treasury Director Medtronic USA
    Vivi Zhou Treasury Manager Medtronic USA
    Daniel Blumen Partner Treasury Alliance Group USA
Working capital & supply chain finance

Covid-19 turned the supply chain world upside down. And although supply chain finance has developed rapidly over the past few years becoming cloud-based and ERP-integrated with new platforms that can aggregate buyers and suppliers globally, the pandemic brought home weaknesses in companies’ technology, transaction information flows, working capital strategies and many other things. The need for digitisation is now critical. Companies need to look much more closely at risks and develop the tools to ensure adequate working capital. This lab will help you review and problem solve.

  • 3:00pm BST
    10:00am EST
    10:00pm SGT
    Supply chain finance: suppliers and sustainability
    • Michael Rieskamp MD of Europe Taulia UK
    • Sandeep Shroff Founder & CEO MyStartUpCFO USA
    • Rocky Schmidt MD Karet Trading South Africa
    • Erik Putter Senior finance Manager Europe World Wide Technology UK
    • Mihaela - Adriana Maftiean Senior Accounts Receivable Manager, Sales Accounting Department Huawei Technologies Romania
  • Supply chains have seen unprecedented disruption this year and business stability, rather than the last few basis points, has been the primary corporate objective. On the flip side, suppliers are becoming savvier when it comes to early payment and what it can mean for working capital, business continuity and eventually growth. In this panel discussion we hear from a range of suppliers who have used early payment to their benefit, and gain insight into SCF from the other side.

    Michael Rieskamp MD of Europe Taulia UK
    Sandeep Shroff Founder & CEO MyStartUpCFO USA
    Rocky Schmidt MD Karet Trading South Africa
    Erik Putter Senior finance Manager Europe World Wide Technology UK
    Mihaela - Adriana Maftiean Senior Accounts Receivable Manager, Sales Accounting Department Huawei Technologies Romania
  • 5:00pm BST
    12:00am EST
    12:00pm* SGT
    Working capital harder
    • Vanessa Manning Independent treasury and financial services consultant Accuryst Consulting The Netherlands
    • Iñaki Castañón Orue Corporate Treasurer Telefónica Spain
    • Aimee Cullen Head of Treasury CarTrawler Ireland
    • Nissim Cohen Corporate Controller & Treasurer Stauss Coffee Israel
  • A downturn in consumer demand is leading to increased inventories that are getting more difficult to clear; suppliers are struggling to shift components through supply chains causing WIP and payment issues; and everywhere receivables are becoming unpredictable as cash-strapped customers delay cash outlays. At the same time, banks face more difficult credit decisions and traditional sources of liquidity are drying up. This is where the best treasuries step up and look to unconventional sources of working capital as well as the old stalwarts. They have quickly accessed all the government funding on the table; they have deferred any tax payments they can; they have identified the lenders most likely to back them through the crisis and raised cash from them; and they are on top of the terms of their existing facilities and have renegotiated interest timings; they are looking at CAPEX and swapping fixed to variable costs through sale and leasebacks. This panel will take you through their working capital crisis checklist.

    Vanessa Manning Independent treasury and financial services consultant Accuryst Consulting The Netherlands
    Iñaki Castañón Orue Corporate Treasurer Telefónica Spain
    Aimee Cullen Head of Treasury CarTrawler Ireland
    Nissim Cohen Corporate Controller & Treasurer Stauss Coffee Israel
  • Centre stage
  • Stage 1
  • Stage 2
  • Stage 3
  • Stage 4
  • Lab 1
  • Lab 2
Keynotes
  • 6:00am BST
    1:00am EST
    1:00pm SGT
    Asia’s diverse economies: directions for the next decade
    • Simon Baptist Global Chief Economist & Managing Director, Asia The EIU Singapore
    • Paul Nicholson Senior Content Producer EuroFinance UK
  • The diversity of Asia’s economies is myriad, defying simple definitions as countries across the APAC region move up and down the gears of growth, with surges in sectors and markets, and dips due to factors including trade wars, economic cycles, political events, and most recently, public health concerns that have disrupted business continuity and supply chains. At the centre sits China, where slowdown in GDP growth has been dramatic in recent years, whilst smaller economies such as Vietnam are rising. So what are the predictions for Asia in the next 10 years? Is the Asia Century economic narrative stalling, or will the region become resurgent as trade deals finally materialise and markets mature? For corporate treasurers, both in MNC APAC and regional companies, what indicators are flashing on the corporate dashboard that will impact operations in the year ahead?

    Simon Baptist Global Chief Economist & Managing Director, Asia The EIU Singapore
    Paul Nicholson Senior Content Producer EuroFinance UK
  • 10:00am BST
    5:00am EST
    5:00pm SGT
    How treasury must move from customer to collaborator
    • Paul Nicholson Senior Content Producer EuroFinance UK
    • Seng Ti Goh President & Senior General Manager, Finance & Administration Association of Corporate Treasurers (Singapore) & Isuzu Motors Asia Limited Singapore
    • Stephen Hogan VP Regional Treasury Asia Pacific, Corporate Finance Deutsche Post – DHL Singapore
  • There have certainly been periods in which corporate demands for products and services have driven bank behaviour: treasurers’ need for centralisation and efficiency may have helped push banks away from single-dealer platforms. But banks’ own needs just as frequently dictate their approach to corporates – the Basel-driven changes to deposit economics, for example. So, who is leading whom today? Treasury needs are certainly changing. End-to-end solutions incorporating real-time status updates and complete transparency require tighter corporate bank connectivity and better functionality; customised products and services to suit unique industry and business needs are starting to be taken for granted. Larger treasuries have been effective in building their own solutions in key areas and will continue to de-emphasise bank solutions. One example: as firms try to eliminate non-standardised payment channels internally, they are dismantling all but essential e-banking tools for the execution of payments. Smaller treasuries too are looking outside the banks and may find specialised solutions and superior digital capabilities in the fintech ecosystem. On the other hand, banks’ ability to invest in technology and their deep understanding of market infrastructure is enabling the creation of new solutions, like the global multi-bank Trade Information Network (TIN), which may push corporates into using specific pieces of technology. So, is technology actually leading? Are banks and corporates on a shared journey towards a common digital future? And will the bank-treasury relationship ultimately become a truly collaborative partnership in the development of tech that serves both?

    Paul Nicholson Senior Content Producer EuroFinance UK
    Seng Ti Goh President & Senior General Manager, Finance & Administration Association of Corporate Treasurers (Singapore) & Isuzu Motors Asia Limited Singapore
    Stephen Hogan VP Regional Treasury Asia Pacific, Corporate Finance Deutsche Post – DHL Singapore
Best to be brilliant at the basics

Being brilliant at the basics has always been at the core of corporate success. Surviving sudden, unprecedented and unexpected disruption has only emphasised the importance of strong foundation and rigorous processes. And nowhere is this more apparent than treasury. But post-pandemic which basics are the most important and what can go on the backburner? And what does being brilliant at them look like?

  • 8:00am BST
    3:00am EST
    3:00pm SGT
    Changing the ratio: how to get more science and less art in forecasting
    • Vincent Delort FX Risk Management and Capital Markets JTI Switzerland
    • Paul Nicholson Senior Content Producer EuroFinance UK
  • People whose day jobs involve arguing with suppliers in Indonesia or understanding Generation Z’s buying habits have little time to focus on cashflow statements – and they’re not paid to do so either. Analysts are often stumped by the seemingly low forecastability of businesses once they start to dig down. So how to bridge the gap? One first step is to accept and define the boundaries of forecast accuracy and to omit data with no proven value in previous forecasts. A second is to investigate correlations outside the normal MIS data. A third is to focus on probabilistic ranges, as much risk management does, rather than point forecasting which is all too common still. At that stage, automation is an option. In a world of low predictability, data analytics, particularly enhanced by machine learning, is likely to perform at least as well (and much faster) than human forecasters, especially when identifying new external correlations. So how can treasurers make practical use of some of the new thinking in the forecasting of complex systems? How can business manage the forecasting function? And can better forecasts be used to steer businesses towards more stable states and avoid real-world problems?

    Vincent Delort FX Risk Management and Capital Markets JTI Switzerland
    Paul Nicholson Senior Content Producer EuroFinance UK
  • 12:00pm BST
    7:00am EST
    7:00pm SGT
    A bigger picture view of risk management: business resilience
    • Toby Shore Senior Director, Group Treasury, Risk & Insurance Emirates Global Aluminium PJSC UAE
    • Edwin Veenman Independent Treasury & Finance Executive Germany
    • Mariano Tannenbaum CFO Arcos Dorados Argentina
  • Financial risk management is, of course, at the core of treasury’s remit. But in the wake of the pandemic, in which conventional business continuity planning and disaster recovery playbooks met a global, correlated disruptor that has put backup facilities out of bounds and has lasted longer than most incident response scenarios, some firms are looking to treasury as a possible source of operational resilience management. So are treasurers an untapped source of resilience planning? To what extent have treasurers been involved in the critical decisions around workplace and business restructuring? And given the lessons of Covid-19, and the likelihood of other complex disruptions that fall outside traditional short-term, localised incidents, is treasury a good place to build the next generation of BCP/DP/OpsRes?

    Toby Shore Senior Director, Group Treasury, Risk & Insurance Emirates Global Aluminium PJSC UAE
    Edwin Veenman Independent Treasury & Finance Executive Germany
    Mariano Tannenbaum CFO Arcos Dorados Argentina
  • 3:00pm BST
    10:00am EST
    10:00pm SGT
    Pooling goes digital
    • Christof Nelischer Independent Treasury Professional UK
    • Aman Bhutani Executive, Consolidated Cash & Banking GE Capital Ireland
  • With visibility and cash concentration so vital, the digitalisation of cash pooling, and in particular direct remote access directly to banks’ own (or third-party) treasury management solutions, has become even more important. And given the increased interest in pooling structures shown by both the OECD’s BEPs initiative and local revenue authorities, the ability to change transfer pricing parameters, inter-account lending limits, and SWIFT message descriptions, for example, is not just a more agile way for treasures to gain visibility over their cash concentration structures and to make more informed and faster funding decisions globally, it is also a real-time control mechanism for adapting structures to the changing regulatory environment. This treasurer has adopted a digital pooling solution in order to ensure continued compliance with regulations whilst ensuring efficient use of capital.

    Christof Nelischer Independent Treasury Professional UK
    Aman Bhutani Executive, Consolidated Cash & Banking GE Capital Ireland
Treasury at the frontline of another normal: exploring new remits

Many of the critical developments in modern commerce have been felt first, or most keenly, in treasury. Think about the revolution in payments, the radical changes in foreign exchange and derivatives markets caused by algorithmic trading, blockchain, card virtualisation and wallets, and automation. The Covid-altered world will accelerate these trends but reverse others. Again, treasury will be at the frontline of the business response, as these sessions will show.

  • 1:00pm BST
    8:00am EST
    8:00pm SGT
    Rethinking the supply chain
    • Saeed Rezavi Senior Director, Solution Strategy - Invoice & Pay, SAP Procurement Solutions SAP Ariba UK
    • Patrik Marklund Treasury Operations, Financing Solutions, Group Treasury Volvo Car Corporation Sweden
    • Nicolas Saoudi Director Trade Sales, Nordics, Germany and Switzerland Standard Chartered Bank Sweden
  • Global supply chains have been relatively stable for longer than many treasurers and CFOs have been employed. This stability has underpinned huge changes in manufacturing, logistics and finance. But the drive for efficiency has compromised resilience as first, China-US trade and technology disputes, and then Covid-19 showed. A hard Brexit, increased border frictions globally, cybersecurity and climate change increase the risks of running hyper-extended, just-in-time supply chains and the financial structures that sit atop them. Can treasury lead in helping to balance the need for resilience with that for efficiency? And what are the impacts on critical treasury tasks, locations, structures and inputs of a radical pruning and shortening of global supply chains?

    Saeed Rezavi Senior Director, Solution Strategy - Invoice & Pay, SAP Procurement Solutions SAP Ariba UK
    Patrik Marklund Treasury Operations, Financing Solutions, Group Treasury Volvo Car Corporation Sweden
    Nicolas Saoudi Director Trade Sales, Nordics, Germany and Switzerland Standard Chartered Bank Sweden
  • 4:00pm BST
    11:00am EST
    11:00pm SGT
    Fireside Chat: ESG Treasury transformation
    • Fabio Casinelli Head of Group Treasury ENEL Spa Italy
    • Patrick Kunz Managing Partner Pecunia Treasury & Finance The Netherlands
  • Transforming treasury with technology is the big topic of conversation, but a different sort, and some would argue a more important kind of transformation is swelling up around the culture and practices of treasury operations that is linked to the environmental, social and governance goals of the company as a whole. From funding to investments, to supply chains and procurement, to diversity and ethics and governance standards, ESG is rapidly rising up the treasury agenda. So what does ESG treasury transformation look like and what does it entail? In this session, we hear from a treasurer who is delivering new practices in treasury and leading the way on ESG transformation.

    Fabio Casinelli Head of Group Treasury ENEL Spa Italy
    Patrick Kunz Managing Partner Pecunia Treasury & Finance The Netherlands
Treasury masters share all: benchmark your treasury against top performers

Are you an SME or a global MNC? Is your priority managing rapid growth, hedging against political and economic uncertainty, digital transformation or international expansion? Regardless of where your company is in the treasury journey, these fireside chats and case studies with the world’s leading treasurers will give you valuable insights into the ways in which you can improve your core treasury operations and add real value to your business.

  • 2:00pm BST
    9:00am EST
    9:00pm SGT
    The future of the automotive industry and its changing finance function
    • Janko Hahn Head Treasury Operations Autoneum Management AG Switzerland
    • Edwin Veenman Independent Treasury & Finance Executive Germany
    • Victor Pausin Treasurer - N.A. Nissan Motor Corporation USA
    • Alwin Harkema Treasury Sales Manager Northern Europe, GTS Bank of America Germany
  • Join this panel of treasurers from the automotive sector as they review best practice for the industry. How is treasury run? What is on the agenda? What will the future of the industry look like and how will that impact treasury operations? From payment issues to risk and liquidity to funding, hear these automotive companies share their insights, opportunities and challenges.

    Janko Hahn Head Treasury Operations Autoneum Management AG Switzerland
    Edwin Veenman Independent Treasury & Finance Executive Germany
    Victor Pausin Treasurer - N.A. Nissan Motor Corporation USA
    Alwin Harkema Treasury Sales Manager Northern Europe, GTS Bank of America Germany
  • 3:00pm BST
    10:00am EST
    10:00pm SGT
    Ensuring treasury transformation is an ongoing project: the Bacardi story
    • Michelle Pereira Senior Manager, IT Finance – Treasury & Cash Bacardi Limited USA
    • Jazmin Da Ponte Assistant Treasurer Bacardi Limited Bermuda
    • Damian Glendinnning Principal Treasury Matters France
  • Bacardi’s centrally managed treasury is a tale of constant change to take advantage of new developments in treasury technology and processes. The company has a strong focus on working capital and includes supply chain financing as a key tool in that space. Highly automated already on the payments side, the treasury team’s current focus is around building efficient ways to deliver management information. Faced with significant spend to upgrade its TMS platform and recent budget cuts due to COVID, the team decided to turn to more agile, smaller vendors who have been able to add significant value by delivering highly tailored solutions.

    Bacardi’s Assistant Treasurer and the person she refers to as her “secret weapon” — an ex-Treasury person embedded in IT — will share their cash and liquidity strategies and talk about their upcoming agenda such as an automated accounts receivable project with forecasting; automating their FX exposure analytics and accounting; introducing a new cash dashboard using robots to pull in balances from hundreds of smaller accounts in complex jurisdictions; and finally, how the company will be using AI within Treasury to improve workflows.

    Michelle Pereira Senior Manager, IT Finance – Treasury & Cash Bacardi Limited USA
    Jazmin Da Ponte Assistant Treasurer Bacardi Limited Bermuda
    Damian Glendinnning Principal Treasury Matters France
  • 4:00pm BST
    11:00am EST
    11:00pm SGT
    Transformation amidst challenge: How HP Treasury helped the company navigate COVID 19, a global recession, and a takeover attempt while creating value for shareholders
    • Zac Nesper SVP & Treasurer HP Inc. USA
    • Robert Novaria EuroFinance Tutor & Partner Treasury Alliance Group USA
  • Treasury transformation, a global recession, a hostile takeover offer, and Covid-19 all impacted HP in a three-month span in 2020. Zac Nesper, HP Inc. group treasurer, will share the adventure of how HP’s treasury transformation played an important role in company strategy through challenging and exciting times. Come to learn more about how transformation can be a key enabler for company value creation and market moving announcements with the backdrop of a global pandemic.

    Zac Nesper SVP & Treasurer HP Inc. USA
    Robert Novaria EuroFinance Tutor & Partner Treasury Alliance Group USA
  • 5:00pm BST
    12:00pm EST
    12:00am* SGT
    Mastering treasury and cash management in Latin America
    • Ricardo Montero Treasury & Financial Products Sr. Manager MercadoLibre Argentinia
    • Hernan Villagra Treasury Sr. Manager MercadoLibre Argentinia
    • Nemesio Lozano Correa Treasury Sr. Director MercadoLibre Argentina
    • Mariel Barclay Editor EuroFinance UK
  • Managing treasury in Latin America is not for the faint hearted. Rollercoaster volatility, lack of homogenous bank presence, regulatory changes and restrictions that destroy any dreams of efficiency are just some of the most common problems. This said, the trend towards centralization and digitalisation is unstoppable. So how are treasuries managing in this environment? MercadoLibre is one of the most innovative, high growth companies in Latin America. With almost 80 Million active users it processes US$ +30 Billion in annual payment volume, originates $570 Million in merchant and consumer credits and generates US$ +2.5 Billion in annual revenues. This is not without challenges for its treasurer. Taking cash out of Latin American countries via cash pool is too expensive or forbidden but leaving it there can be a risk. Funding locally vs off shore is another conundrum and FX hedging needs to be considered.  What are the best funding strategies in each market? Technology is strategic to the company and treasury cannot be behind in terms of automation.  What is the best way to have visibility and efficiently move funds in and out? What digital payment and collection methods are available? Treasury at MercadoLivre acts as a real partner for the business implementing strategies and products to fund customers and suppliers while improving the company’s working capital. In this session we hear best treasury practice from of one of the most rapidly growing companies in Latin America.

    Ricardo Montero Treasury & Financial Products Sr. Manager MercadoLibre Argentinia
    Hernan Villagra Treasury Sr. Manager MercadoLibre Argentinia
    Nemesio Lozano Correa Treasury Sr. Director MercadoLibre Argentina
    Mariel Barclay Editor EuroFinance UK
Transforming treasury technology and all things digital: a reality check

The rapidity of technological change is overwhelming companies’ ability to digest it. Manual processes and Excel-based workflows are ubiquitous and often linked to established counterparty and supply chain practices and relationships as much as to legacy ways of working. To change this, treasurers must isolate the improvements that will deliver the most value, and then choosing strategies and solutions to achieve those improvements, is a less risky path to treasury transformation – and easier to sell to senior management. In this stream see how your peers are easing core treasury pain points cost-effectively and without undue disruption to business as usual.

  • 2:00pm BST
    9:00am EST
    9:00pm SGT
    The true promise of virtual accountsStreamlining banking: virtual accounts and other structures
    • Stefan Windisch Senior Cash Manager, Treasury Operations Roche Switzerland
    • Vanessa Manning Independent treasury and financial services consultant Accuryst Consulting The Netherlands
    • Declan Ferguson Assistant Treasurer Dubai Aerospace Enterprise Ireland
  • Reducing bank account complexity is a core treasury goal and virtual accounts, in one form or another, have long been available to help. Large non-bank financial institutions have adopted VBAs to help allocate client monies and very large collections businesses such as utilities have sufficient scale to VBAs to simplify reconciliation, but broader MNC treasurers have been more sceptical, but that is changing. It may be that the complexity of choices available is off putting (virtual IBANs for customers, virtual IBANs for in-house entities, sub-ledger virtual account numbers for OBO and pooling, virtual account management platforms). It may be that accounting and regulatory issues are a problem with inconsistencies across markets. Or it may simply be that the variations in different bank and platform offerings make choosing a solution too difficult. So, what kind of treasury should view these structures as a priority? What technology is required – do treasurers need to join external platforms? Can their banks provide the infrastructure? Or can they leverage TMS or ERP/in-house bank systems? And how can the combination of virtual accounts with multi-currency accounts create a structure where businesses can reduce FX costs and enable cross-region cash optimization, while keeping a simple local operating banking structure?

    Stefan Windisch Senior Cash Manager, Treasury Operations Roche Switzerland
    Vanessa Manning Independent treasury and financial services consultant Accuryst Consulting The Netherlands
    Declan Ferguson Assistant Treasurer Dubai Aerospace Enterprise Ireland
  • 3:00pm BST
    10:00am EST
    10:00pm SGT
    Transforming the legacy treasury
    • Claudia Jaramillo VP & Group Treasurer Schlumberger USA
    • Edwin Veenman Independent Treasury & Finance Executive Germany
  • How do you go from spreadsheets and multiple ERPs to automated reporting and AI? Dealing with legacy technology is frustrating and costly in the strive to digitise the finance function and be a modern treasury. And then it isn’t just about treasury technology choices, it is about upskilling the workforce so that they are trained to think digitally. Schlumberger rolled out its ERP and standard TMS system many years ago while keeping the use of spreadsheets as norm for a number of processes. Now they have financial hubs in four locations with standard processes and an in-house bank. Currently they are embarking on newer projects to improve business intelligence by migrating to new platforms, leveraging API and developing BOTs for repetitive tasks. They have also developed innovative dashboards for things like commercial paper and bonds and visibility of all their cash from the over 3000 bank accounts they need to operate in over 120 countries. If you are still dealing with legacy technology, this session will help you envision how to start your transformation today to enable a “Digital Treasury” organization that can support more real time and insightful decisions.

    Claudia Jaramillo VP & Group Treasurer Schlumberger USA
    Edwin Veenman Independent Treasury & Finance Executive Germany
Payments & FX

Payments sit at the intersection of pretty much every significant treasury concern: fraud, cyber-risk, technology transformation, real-time transactions, and the tensions between globalisation and de-globalisation. In this Lab get the latest on the key technical and regulatory initiatives changing the payments ecosystem and on the big picture drivers that may upend the conventional assumptions.

  • 1:00pm BST
    8:00am EST
    8:00pm SGT
    Taking the lead and streamlining your payment processes
    • Jonathan Williams Principal Consultant Mk2 Consulting UK
    • Bas Coolen Head of Treasury Archroma Switzerland
    • Pablo Velez Global Cash Management Manager Archroma Germany
    • Jörg Wiemer CSO and Co-Founder Treasury Intelligence Solutions Germany
  • Because different parts of the business may well have pushed forward with new initiatives without liaising with finance, firms can end up with a fragmented set of systems, processes and controls managed in different parts of the organization. This presents obstacles for treasurers trying to establish cash visibility, manage working capital and understand cash flow dynamics. Jörg Wiemer, CSO and Co-Founder, TIS and Bas Coolen, Head of Treasury and Pablo Velez, EMEA Treasury Manager, Archroma will present how treasurers re-assert control and take the lead in streamlining payments and defining new strategies in concert with the business. They will talk about how the current payment challenges can be tackled and how a best-of-breed solution can help you to be flexible and quickly solve challenges and issues.

    Jonathan Williams Principal Consultant Mk2 Consulting UK
    Bas Coolen Head of Treasury Archroma Switzerland
    Pablo Velez Global Cash Management Manager Archroma Germany
    Jörg Wiemer CSO and Co-Founder Treasury Intelligence Solutions Germany
  • 5:00pm BST
    12:00am EST
    12:00pm* SGT
    APIs - the secret of joyful treasuries
    • Matt Wegner Head of Global Payments Adobe USA
    • David Tao Risk, Treasury, and Payments Gusto USA
    • Christopher Van Woeart Head of Treasury Stripe USA
    • Daniel Blumen Partner Treasury Alliance Group USA
  • APIs are the treasurer’s new best friend. A set of credentials that let one system use information from another system – internal or external. This common song sheet is a source of great happiness. From the ability to access and use data more freely, enabling corporate customers with direct access to bank systems is transforming payments, bank account management and liquidity management. For mid-size companies banks are creating multi-channel solutions that function as miniature ERPs.  And by allowing for the creation of apps to service different types of customers, APIs are creating new payment channels and opportunities to expand businesses. The next wave of innovation will deliver a new generation of products and services that use APIs as the glue to integrate traditionally separate offerings in new ways, creating more comprehensive solutions that meet corporate treasurers’ needs faster, better and more cost-efficiently. In this panel discussion hear how APIs have innovated treasury processes and created a new level of happiness in treasury teams.

    Matt Wegner Head of Global Payments Adobe USA
    David Tao Risk, Treasury, and Payments Gusto USA
    Christopher Van Woeart Head of Treasury Stripe USA
    Daniel Blumen Partner Treasury Alliance Group USA
Working capital & supply chain finance

Covid-19 turned the supply chain world upside down. And although supply chain finance has developed rapidly over the past few years becoming cloud-based and ERP-integrated with new platforms that can aggregate buyers and suppliers globally, the pandemic brought home weaknesses in companies’ technology, transaction information flows, working capital strategies and many other things. The need for digitisation is now critical. Companies need to look much more closely at risks and develop the tools to ensure adequate working capital. This lab will help you review and problem solve.

  • 4:00pm BST
    11:00am EST
    11:00pm SGT
    Driving growth and innovation in times of uncertainty
    • Gisele Remy Managing Director of Corporate Finance Alicorp Peru
    • Pedro Malo VP Digital & Corporate Strategy Alicorp Peru
    • Mariel Barclay Editor EuroFinance UK
  • A successful treasury can quickly respond to changing demands from the business and the circumstances. This requires flexibility as well as having the right liquidity structures in place, bank partners and services to support clients and suppliers. This year has been like no other and this treasury has had to implement unprecedented measures to support company goals while creating programmes that benefit all actors in their ecosystem. From the start of the pandemic, it was clear that only by supporting their most vulnerable clients and suppliers could they themselves continue to grow. With that in mind, treasury intervened providing not only credit, but also helping clients formulate new business strategies and access to e-commerce platforms to respond to their own customers’ new needs. Their suppliers have benefited from access to liquidity through reverse factoring. Hear from this most innovative treasury and how they have accelerated working capital in the midst of the pandemic.

    Gisele Remy Managing Director of Corporate Finance Alicorp Peru
    Pedro Malo VP Digital & Corporate Strategy Alicorp Peru
    Mariel Barclay Editor EuroFinance UK
  • Centre stage
  • Stage 1
  • Stage 2
  • Stage 3
  • Stage 4
  • Lab 1
  • Lab 2
Keynotes
  • 9:00am BST
    4:00am EST
    4:00pm SGT
    The EuroFinance Award for Treasury Excellence: a new roadmap for treasury
    • Nicholas Dunbar Senior Editor EuroFinance UK
    • Daniel Gramunt Director Cash Management Nokia Switzerland
    • Macer Skeels Head of Corporate Finance & Tax DevOps Nokia Switzerland
  • “If I were to tell my boss, ‘here’s my five-year plan’, he would just shake his head and think, ‘what planet do you live on?’”. That’s how one treasurer sums up this new world in which “everything is questions” and planning seems something old-fashioned that no longer makes much sense. How does treasury organise and operate if it must constantly re-prioritise as the business, or treasury technology, or treasury service providers, change? Is this effectively the end of proactive treasury? And if it is, where does that leave things that really do require long-term planning, like large technology projects? This treasurer has accepted that a change of mindset is needed. In this session the EuroFinance award winner for treasury excellence explains how they have sat down with every department to re-map internal treasury relationships with the business. They discuss how they have balanced the need for strategic vision with flexibility and how they have had to change to deliver much greater flexibility. And they look at how treasury must change when businesses that have traditionally been slower-moving have to respond to today’s environment.

    Nicholas Dunbar Senior Editor EuroFinance UK
    Daniel Gramunt Director Cash Management Nokia Switzerland
    Macer Skeels Head of Corporate Finance & Tax DevOps Nokia Switzerland
  • 11:00am BST
    6:00am EST
    6:00pm SGT
    The rise of responsible treasury
    • Naomi Holland International Treasurer & Senior Director of Tax Intel Corporation Ireland
    • Robert Novaria EuroFinance Tutor & Partner Treasury Alliance Group USA
  • In August 2019, almost 200 CEOs of the world’s largest corporations did an about-face with an updated “Statement on the Purpose of a Corporation” from the Business Roundtable. They rejected the idea that corporations exist solely to serve their shareholders and must maximize shareholder financial returns to the exclusion of all else. The rise of the notion of responsible corporations means a treasury rethink, but has the Covid-19 crisis postponed the reckoning or accelerated it? Hear from a company at the forefront of sustainability in the treasury and what that means in practice.

    Naomi Holland International Treasurer & Senior Director of Tax Intel Corporation Ireland
    Robert Novaria EuroFinance Tutor & Partner Treasury Alliance Group USA
Best to be brilliant at the basics

Being brilliant at the basics has always been at the core of corporate success. Surviving sudden, unprecedented and unexpected disruption has only emphasised the importance of strong foundation and rigorous processes. And nowhere is this more apparent than treasury. But post-pandemic which basics are the most important and what can go on the backburner? And what does being brilliant at them look like?

  • 3:00pm BST
    10:00am EST
    10:00pm SGT
    Winning FX formula: automating cross-currency liquidity to boost operational efficiencies.
    • Rene Krack EMEA Senior Manager Liquidity Management The Goodyear Tire & Rubber Company Luxembourg
    • Raf Monnens Treasurer EMEA The Goodyear Tire & Rubber Company Luxembourg
    • Adrian Rodgers Senior EuroFinance Tutor & Director ARC Solutions UK
  • Automating liquidity so that cash positions on master accounts in multiple currencies are automatically converted into EUR each day, using FX swaps to manage and increase EUR liquidity to free up trapped cash, and activating idle balances to repay debt and reduce credit, are the big wins on the treasury fastrack for tyre maker Goodyear in 2019. Leveraging workflow automation to optimise processes for cross-currency liquidity management purposes in combination with robotics represents an innovative solution to take on the heavy lifting, further reducing the risks of errors and reducing manual efforts for the treasury team – allowing them to work in a better control environment and to focus on other critical processes. The solution has unlocked a high amount in unused liquidity for extra debt repayment, and places the treasury team in pole position for even greater FX operational efficiencies and controls in 2020 and beyond. Hear how the treasury team waved their chequered flag and won.

    Rene Krack EMEA Senior Manager Liquidity Management The Goodyear Tire & Rubber Company Luxembourg
    Raf Monnens Treasurer EMEA The Goodyear Tire & Rubber Company Luxembourg
    Adrian Rodgers Senior EuroFinance Tutor & Director ARC Solutions UK
  • 4:00pm BST
    11:00am EST
    11:00pm SGT
    Are we overcomplicating the forecast?
    • Daniel Blumen Partner Treasury Alliance Group USA
    • Vishal Verma Executive, GE Corporate Treasury, Cash, Banking & Treasury Services Leader (META and Chennai GDC) GE India
    • Alexander Foltin Corporate VP Finance, Treasury & Investor Relations Infineon Germany
    • Mandana Sadigh SVP & Treasurer Mattel USA
  • In the pursuit of ever more granular certainty, are treasurers and indeed the suppliers of treasury technology losing sight of the big picture in cash forecasting? It is true that uncertainty around cash collection is a significant cause of forecast inaccuracy and that smart combinations of historical data and detailed knowledge of payment behaviour can improve this. But in the focus on technology and detail, have we lost sight of core principles and processes like the 80/20 rule, the integration of budgeting and forecasting processes, the intelligent blending of real-time and historical data and a real partnership and shared process with the business? Join this panel to find out how treasurers looked at the inaccuracy of the 3O-day and quarterly cash forecasts and focused on improving the most significant drivers of accuracy, analysing the internal and external metrics that had the largest effect on the overall forecast. This is what they discovered, and what they did about it.

    Daniel Blumen Partner Treasury Alliance Group USA
    Vishal Verma Executive, GE Corporate Treasury, Cash, Banking & Treasury Services Leader (META and Chennai GDC) GE India
    Alexander Foltin Corporate VP Finance, Treasury & Investor Relations Infineon Germany
    Mandana Sadigh SVP & Treasurer Mattel USA
Treasury at the frontline of another normal: exploring new remits

Many of the critical developments in modern commerce have been felt first, or most keenly, in treasury. Think about the revolution in payments, the radical changes in foreign exchange and derivatives markets caused by algorithmic trading, blockchain, card virtualisation and wallets, and automation. The Covid-altered world will accelerate these trends but reverse others. Again, treasury will be at the frontline of the business response, as these sessions will show.

  • 2:00pm BST
    9:00am EST
    9:00pm SGT
    Digitalise or die
    • Bas Marteijn Global Head of Corporate Cash Management Sales Deutsche Bank Germany
    • Tor Stian Kjøllesdal VP Finance, CFO FIN Internal Treasury Equinor Norway
    • Séverine Le Blévennec Senior Director EMEA Treasury Honeywell Belgium
    • David Blair MD Acarate Singapore
  • The Twitter joke is that Covid-19, not the business or the CTO, has forced companies to realise that digitalisation will differentiate the swift from the dead far more quickly, and across a far wider range of businesses, than seemed possible just months ago. While digitalisation means radically different things in different sectors – e-Commerce and the customer experience is key in B2C retail, less useful in cement – it is usually the case that treasury and the finance function are well placed to aggregate and analyse the data needed to build the relevant digital strategy, to fund it, risk manage it and collect the revenues it earns in the most efficient way possible. They can work above and across business and organisational silos. And since a key part of its job is measuring risks and returns, and developing actionable insights from complex datasets, treasury and finance are ideally placed to develop the metrics needed to underpin strategic initiatives. That’s the theory. But what happens in practice? Has treasury been involved in the extremely rapid digital pivots companies have made in response to the crisis or do businesses act and treasury follows?

    Bas Marteijn Global Head of Corporate Cash Management Sales Deutsche Bank Germany
    Tor Stian Kjøllesdal VP Finance, CFO FIN Internal Treasury Equinor Norway
    Séverine Le Blévennec Senior Director EMEA Treasury Honeywell Belgium
    David Blair MD Acarate Singapore
  • 3:00pm BST
    10:00am EST
    10:00pm SGT
    How to create a strategic treasury organisation to support long term growth
    • Catherine Portman VP, Treasurer Palo Alto Networks USA
    • Daniel Blumen Partner Treasury Alliance Group USA
  • There is a lot of talk about ‘strategic treasury’ but not a lot of detail about what that means in practice. To deliver value to the business and to wider stakeholders, treasury needs a plan. This will include a digital transformation map, details of how automation will be introduced and a timeline for specific value-added deliverables. The development of treasury as a source of high-impact business insights, as well as maintaining its role as provider of the optimum funding mix, the most appropriate risk management strategies and the most effective cash and liquidity management programme inevitably means change. Treasuries taking on new activities such as managing benefit plans or real estate portfolios need to keep learning new skills. We give you practical examples of the transactions, processes and steps along the way to developing the treasurer – and treasury – of the future.

    Catherine Portman VP, Treasurer Palo Alto Networks USA
    Daniel Blumen Partner Treasury Alliance Group USA
Treasury masters share all: benchmark your treasury against top performers

Are you an SME or a global MNC? Is your priority managing rapid growth, hedging against political and economic uncertainty, digital transformation or international expansion? Regardless of where your company is in the treasury journey, these fireside chats and case studies with the world’s leading treasurers will give you valuable insights into the ways in which you can improve your core treasury operations and add real value to your business.

  • 10:00am BST
    05:00am EST
    5:00pm SGT
    Meet Alibaba and their Treasury team
    • Randy Ou Treasury VP Alibaba China
    • David Blair MD Acarate Singapore
    • Li Cheng Tech Team Leader Alibaba China
    • Sharon Wang Treasury Director Alibaba Hong Kong
  • In this interactive session, based around a day in the life of the Alibaba treasury team, you will meet the Treasury Vice President, Randy Ou, and his team, who will show you the people side of treasury organization. You may get some ideas how his team work together and what organizational structures they use and why? What are the team’s background and skill sets? What key projects and works get them excited? What technology is behind their operations? And you will have the opportunity to ask questions on their approach to people and team, or other areas of treasury responsibilities.

    Randy Ou Treasury VP Alibaba China
    David Blair MD Acarate Singapore
    Li Cheng Tech Team Leader Alibaba China
    Sharon Wang Treasury Director Alibaba Hong Kong
  • 2:00pm BST
    9:00am EST
    9:00pm SGT
    Agile finance processes: the backbone of the business
    • Anna Motruk CFO Parimatch Cyprus
    • Vanessa Manning Independent treasury and financial services consultant Accuryst Consulting The Netherlands
  • Today the ability to overcome unexpected challenges while exploiting new opportunities is a matter of business survival. And the foundation of that rapid response capability is an agile finance function. This company’s beginnings as a high-growth start-up in complex markets highlighted the importance of core treasury functions, of adapting treasury and compliance processes to new jurisdictions quickly, and of ensuring that critical documentary processes and software systems are ready for the unexpected – both positive and negative. By focusing on liquidity, forecasting and anticipating problems upfront, this treasury has found that the template it has used to help the business push into new and ‘exotic’ markets has also worked well to protect the business from many of the challenges of Covid-19 and lockdown. Listen to the CFO’s deep-dive into how they did it in this session.

    Anna Motruk CFO Parimatch Cyprus
    Vanessa Manning Independent treasury and financial services consultant Accuryst Consulting The Netherlands
  • 3:00pm BST
    10:00am EST
    10:00pm SGT
    Achieving real time liquidity - the treasurer's nirvana
    • Mario Del Natale Treasury Director, Global Treasury Application Processes & Technologies Johnson Controls Belgium
    • Paul Nicholson Senior Content Producer EuroFinance UK
  • The fusion of tech and treasury follows many paths but there is one destination that all treasurers aspire to – real time liquidity. The absolute ability to clearly see accurate cash positions across all accounts everywhere now. Treasurers are increasingly hybrid creatures, half financial alchemists and half tech boffins. In this new evolution, the imperative is always to improve processes and manifest solutions that help global treasury teams take the right decisions in real-time and by using analytic tools. In this case study we hear how Johnson Controls succeeded in developing an in-house solution for providing real-time (or close real-time) liquidity positions on a global scale. In the toolbox, the treasurer fired up a Power BI app to get a very complex and accurate real-time cash position across four thousand plus bank accounts, using AI to detect the types of movements from statements received and payments processed via a global payment factory solution. With all banking partners connected to the payment factory, the treasurer has a single repository of all inbound and outbounds movements. During the Covid-19 period, the solution was vital to the accurate management of cash positions across the organisation, linked to ERP systems. As the solution is in-house and independent from third parties, the company has secured internal data that can provide instant real time analytics, and saved millions in external TMS and ERP setups. Treasurer’s keen on DIY, take note.

    Mario Del Natale Treasury Director, Global Treasury Application Processes & Technologies Johnson Controls Belgium
    Paul Nicholson Senior Content Producer EuroFinance UK
  • 5:00pm BST
    12:00pm EST
    12:00am* SGT
    The future of the commercial real estate sector and its changing finance function
    • Regina Ochev VP, Assistant Treasurer Prologis USA
    • Craig Mondschein Senior Director Treasury Tishman Speyer USA
    • Adrian Rodgers Senior EuroFinance Tutor & Director ARC Solutions UK
  • Join this panel of treasurers from the commercial property sector as they review best practice for the industry. How is treasury run? What is on the agenda? What will the future of the industry look like and how will that impact treasury operations? From payment issues to risk and liquidity to funding, hear three CP companies share their insights, opportunities and challenges.

    Regina Ochev VP, Assistant Treasurer Prologis USA
    Craig Mondschein Senior Director Treasury Tishman Speyer USA
    Adrian Rodgers Senior EuroFinance Tutor & Director ARC Solutions UK
Transforming treasury technology and all things digital: a reality check

The rapidity of technological change is overwhelming companies’ ability to digest it. Manual processes and Excel-based workflows are ubiquitous and often linked to established counterparty and supply chain practices and relationships as much as to legacy ways of working. To change this, treasurers must isolate the improvements that will deliver the most value, and then choosing strategies and solutions to achieve those improvements, is a less risky path to treasury transformation – and easier to sell to senior management. In this stream see how your peers are easing core treasury pain points cost-effectively and without undue disruption to business as usual.

  • 2:00pm BST
    9:00am EST
    9:00pm SGT
    Tailored strategies for digital treasuries
    • Michel Verholen Assistant Treasurer Zoetis Inc. Belgium
    • Christof Nelischer Independent Treasury Professional UK
  • It is all too easy to generalize about digitalization. Yes, there is an increasing tension between the real-time transactional world experienced by customers and clunky treasury technology. Yes, developments in technology across the full spectrum of treasury activities have given treasurers unprecedented choice over who supplies them with core products and services. And yes, it is clear that digitalization is an opportunity for treasury to develop real-time capabilities and to begin to deliver genuinely strategic insights to senior management. But one size does not fit all and many of the structures and solutions being proposed today are unsuited to the resources and needs of mid-sized, fast-growth companies. How much of their treasuries should be on-premises versus in the Cloud? Instead of enduring the costs and lead-times of difficult legacy integrations, maybe it’s better to start again? This treasurer gives their perspective on building the right digital treasury for you.

    Michel Verholen Assistant Treasurer Zoetis Inc. Belgium
    Christof Nelischer Independent Treasury Professional UK
  • 4:00pm BST
    11:00am EST
    11:00pm SGT
    I, Treasurer?: Adding value to the business by automating
    • Robert Novaria EuroFinance Tutor & Partner Treasury Alliance Group USA
    • Zhichao Li Treasury Manager Microsoft USA
    • Vinni Dang Sr. Treasury Manager Microsoft USA
  • For all the talk of strategic treasury, poll after poll shows that many treasurers still spend a majority of their resources on manual, transactional or cash accounting and reconciliation activities. For these treasurers, escaping from this burden, and breaking out of what may have become a narrowly-focused silo remote from the business, is a prerequisite for moving to more value-added activities. In this context, automation seems a solution to the problem of treasury stasis – a path from the basic functions of processing, cash collection and cash management to a more advanced partner to the business. But there is also a legitimate fear that, with its core functions automated, treasury is a function that may simply disappear and the transition to delivering business insights and service will not occur. In this session see how one company’s automation journey let them expand and change treasury into an internal consultancy team for the business on everything from tax to payments to risk.

    Robert Novaria EuroFinance Tutor & Partner Treasury Alliance Group USA
    Zhichao Li Treasury Manager Microsoft USA
    Vinni Dang Sr. Treasury Manager Microsoft USA
  • 5:00pm BST
    12:00pm EST
    12:00am* SGT
    Treasury technology transformation: AI, RPAs, and data analytics
    • Priti Kartik Head of Global Treasury, Credit, and Collections Logitech USA
    • David Blair MD Acarate Singapore
  • In world class companies, the very latest technological trends in treasury are developed in tandem with multinational banking partners, a host of best-in-class fintech players, and a professional team dedicated to the delivery of global standards in core treasury functions and activities. The integration of cutting edge AI and RPA processes is a near nirvana for the brave and best treasury leaders. Yet digitizing a tailored treasury solution takes time, tenacity and patience. First, you need to build good infrastructure via ERP, TMS and/or other solutions that help enhance functionality and efficiency to manage cash, investments and FX exposures. Next on the roadmap is the implementation of AI, cloud computing, RPAs and fintech add-ons that will strengthen the system with hyper-efficient solutions. In this case study, we hear from Logitech on the decisions they took in their digital transformation journey and the resulting insights that have enabled treasury to take a seat at the business strategy table.

    Priti Kartik Head of Global Treasury, Credit, and Collections Logitech USA
    David Blair MD Acarate Singapore
Payments & FX

Payments sit at the intersection of pretty much every significant treasury concern: fraud, cyber-risk, technology transformation, real-time transactions, and the tensions between globalisation and de-globalisation. In this Lab get the latest on the key technical and regulatory initiatives changing the payments ecosystem and on the big picture drivers that may upend the conventional assumptions.

  • 1:00pm BST
    8:00am EST
    8:00pm SGT
    Always-on FX: automation and integration options for treasury
    • Tomer Amitai SVP, Corporate Treasurer, Head of Insurance & Risk Management Teva Pharmaceutical Industries Israel
    • Adrian Rodgers Senior EuroFinance Tutor & Director ARC Solutions UK
  • Integrating FX into payment, receivable and hedging activities is another area in which APIs and other technologies are making an impact. To satisfy treasurers’ ever-present demands for centralisation and efficiency, digital solution providers are lining up with products and APIs for consolidating international sales, purchasing, payment, and receivables information, executing spot payments and forward contracts in multiple currencies, managing cash flow and FX risks and delivering multi-currency cash management solutions. It’s also critical that FX hedging tools more generally are constantly updating hedges in line with pre-specified risk appetites. However, it’s only recently that smart, automated FX hedging products have become available, with APIs allowing both integration with the banks on one side and corporate back-end ERP systems on the other. What technologies are available and what practical benefits do they bring the average treasury?

    Tomer Amitai SVP, Corporate Treasurer, Head of Insurance & Risk Management Teva Pharmaceutical Industries Israel
    Adrian Rodgers Senior EuroFinance Tutor & Director ARC Solutions UK
Working capital and Supply chain finance

Covid-19 turned the supply chain world upside down. And although supply chain finance has developed rapidly over the past few years becoming cloud-based and ERP-integrated with new platforms that can aggregate buyers and suppliers globally, the pandemic brought home weaknesses in companies’ technology, transaction information flows, working capital strategies and many other things. The need for digitisation is now critical. Companies need to look much more closely at risks and develop the tools to ensure adequate working capital. This lab will help you review and problem solve.

  • 1:00pm BST
    8:00am EST
    8:00pm SGT
    Marathon not a sprint - building SCF to last the distance
    • Edwin Veenman Independent Treasury & Finance Executive Germany
    • Razvan Coarca Director Vendor Finance Liberty Global UK
  • Managing a cross border multi currency supply chain financing programme with multiple liquidity providers in multiple jurisdictions is a multi faceted operation that demands a fit and agile treasury. Balancing liquidity risks whilst expanding the supplier programme, creating liquidity pools to manage demand and building operational structures to deliver finance requires treasury endurance to go the distance with suppliers in all weathers. Add in the creation of an innovative on-boarding platform and the roll out to new geographies, whilst fine tuning internal processes, the programme is gearing up for peak performance. In this case study session we hear how Liberty Global is pace setting on the SCF track.

    Edwin Veenman Independent Treasury & Finance Executive Germany
    Razvan Coarca Director Vendor Finance Liberty Global UK
  • 6:00pm BST
    1:00pm EST
    1:00am* SGT
    The power of partnership
    • Paul Nicholson Senior Content Producer EuroFinance UK
    • Anita Bubna Sr. Director, Treasury Flex USA
    • Jasmine Stephenson Senior Business Consultant Taulia UK
    • Soraya Ahmed EMEA Trade Sales Head JPMorgan Chase & Co. UK
  • In a crisis more than ever relationships matter. And in a business environment of ever-multiplying dependencies, the reliability of partnerships and of partners themselves was and remains critical. The old school notion that banks and fintech are in opposition to each other has been turned on its head with more and more bank-fintech partnerships being announced. These partnerships have been formed due to the demand from corporates to have access to the most agile and innovative technology as well as maintaining strong relationships with core banks. In this panel we discuss how corporates can evaluate, select and create partnerships with different players to build a SCF programme that delivers strength and stability to its supply chain and working capital whilst minimising risk and ensuring that the solutions are the best fit for them.

    Paul Nicholson Senior Content Producer EuroFinance UK
    Anita Bubna Sr. Director, Treasury Flex USA
    Jasmine Stephenson Senior Business Consultant Taulia UK
    Soraya Ahmed EMEA Trade Sales Head JPMorgan Chase & Co. UK
  • Centre stage
  • Stage 1
  • Stage 2
  • Stage 3
  • Stage 4
  • Lab 1
  • Lab 2
Keynotes
  • 9:00am BST
    4:00am EST
    4:00pm SGT
    Crossfire debate on payments: three’s a crowd in blockchain
    • Vanessa Manning Independent treasury and financial services consultant Accuryst Consulting The Netherlands
    • Simon Taylor Co-founder & Head of Ventures 11:FS UK
  • Has Covid-19 accelerated your investigation of new payments solutions? If so, get ready for a long and complex journey to understand a rapidly changing landscape. SWIFT’s gpi initiative has more than 3,500 financial institutions signed up, allowing customers to make payments in nearly 150 currencies. Almost 100% of the payments on gpi travel end-to-end, from originator to end beneficiary, within 24 hours, 40% are reaching the end beneficiary in under five minutes and 50% under 30 minutes. With increased transparency, gpi has also allowed banks to identify and remedy many of the traditional bottlenecks. But that hasn’t stopped the rush to blockchain. First, Ripple? Is it a rival to Swift as it once claimed, or is it ‘complementary’ as it now describes itself. Is xCurrent (200 clients and climbing) just a different messaging service than Swift designed to lure people to the real gamechanger, xRapid (now known as On Demand Liquidity)? And do the working capital arguments surrounding cash in nostro-vostro accounts stack up? And what about JPMorgan Chase’s Interbank Information Network (IIN®) initiative? By starting its own cryptocurrency, the bank is acknowledging Ripple’s fundamental message that cross-border payments can be handled faster and more cheaply if they’re conducted as crypto transactions rather than as messages between correspondent banks sent via Swift. Of course, as a correspondent banking middleman the bank is also threatened by the real-time execution enabled by digital currencies. So is the bank’s new stablecoin, with a stable value and clear ownership, running on its Ethereum-based Quorum blockchain the best of all worlds for customers or just a defensive play by JPMorgan? Will other large banks want to use a competitor’s platform or will they start their own coins? Where does that leave smaller institutions? And does it leave treasurers, only just solving problems of bank agnosticism in other areas, facing a new wave of bank system fragmentation?

    Vanessa Manning Independent treasury and financial services consultant Accuryst Consulting The Netherlands
    Simon Taylor Co-founder & Head of Ventures 11:FS UK
Best to be brilliant at the basics

Being brilliant at the basics has always been at the core of corporate success. Surviving sudden, unprecedented and unexpected disruption has only emphasised the importance of strong foundation and rigorous processes. And nowhere is this more apparent than treasury. But post-pandemic which basics are the most important and what can go on the backburner? And what does being brilliant at them look like?

  • 8:00am BST
    3:00am EST
    3:00pm SGT
    Cash is king: cash strategies for these times
    • Miho Kumazawa Lead, Treasury Operations APAC & Japan Takeda Pharmaceutical Company Ltd. Japan
    • David Blair MD Acarate Singapore
  • The year started with US and EMEA corporate cash piles high and a ‘borrowers’ paradise in which even junk issuers could achieve low-yield, low-covenant financing. Several large treasuries had achieved significant returns on cash by using total return funds investing in equities, commodities and even volatility. And more generally, liquidity management worries revolved around the risks of investing in longer-dated and/or credit sensitive securities (some large treasuries have and the pros and cons of government versus prime money market funds. Today, cash conservation is king. For the FTSE All-share, the MSCI Euro and the S&P 500, the just 16.5 per cent, 16 percent and 14 percent of non-financial companies respectively are net cash (versus 52% of Japan’s Topix and 33% of the CDAX). So most firms need aggressive action on costs, receivables management, expenditure deferments and core cash management. And, for now at least, the hunt for yield is over. Principal protection at a time of heightened corporate credit risk and negative yields in some government markets is the name of the game. This speaker shares their covid-19 cash strategies.

    Miho Kumazawa Lead, Treasury Operations APAC & Japan Takeda Pharmaceutical Company Ltd. Japan
    David Blair MD Acarate Singapore
  • 1:00pm BST
    8:00am EST
    8:00pm SGT
    Are you ready to leave Libor?
    • Frances Hinden VP Treasury Operations Shell UK
    • Edwin Veenman Independent Treasury & Finance Executive Germany
  • Lost in all the big-picture political and pandemic news, a technical market development with huge implications for almost every corporate worldwide is fast approaching a critical deadline. Libor, and a number of other ‘IBORs’, are being phased out and replaced with new risk-free rates (RFRs) which are calculated differently and significantly affect the cost and structure of debt facilities. Regulators have given some leeway on interim milestones but banks are now ramping up their Libor transition processes and do not want the risks of writing any more new Libor-linked paper than they have to. Corporates have been slow to react but treasurers need to move now to ensure that they are not disadvantaged by the transition: with sophisticated dealers leading the changes there is a significant information asymmetry between banks and their clients; there are complex legal issues especially around fallback provisions and multi-currency facilities; there are issues around new term rates and the potential for synthetic Libor; treasury systems need to be re-configured; and client profitability will be altered, with banks potentially needing to reprice or reject certain client types. This is what you need to know and do now.

    Frances Hinden VP Treasury Operations Shell UK
    Edwin Veenman Independent Treasury & Finance Executive Germany
  • 3:00pm BST
    10:00am EST
    10:00pm SGT
    Seeing the world from the stress in FX hedging: a strategic approach
    • Todd Yoder Global Director Treasury Flour Corporations USA
    • Damian Glendinnning Principal Treasury Matters France
  • In the current environment, it is more important than ever that hedging is focused on specific business objectives, and then to the P&L and actual cashflows, and not simply accounting ‘noise’. Optimal FX hedges should be tied to strategic planning as well as to the granular details of forecasted transactions, cashflows, assets and liabilities, with care taken not to create real economic exposures in attempts to remedy accounting concerns or to solve perceived issues of earnings volatility. This also means understanding what core stakeholders in the debt and equity markets want from their investment in the company. What exposures are they buying and which ones do they not want hedged? Ultimately best practice hedging boils down to ensuring that hedge activity is true risk transformation not arbitrary percentage-based, not siloed into individual project hedges, and focuses on exposures that have real business impact. This treasurer looks at the good and the bad in FX hedging and explains their own strategic approach.

    Todd Yoder Global Director Treasury Flour Corporations USA
    Damian Glendinnning Principal Treasury Matters France
Treasury at the frontline of another normal: exploring new remits

Many of the critical developments in modern commerce have been felt first, or most keenly, in treasury. Think about the revolution in payments, the radical changes in foreign exchange and derivatives markets caused by algorithmic trading, blockchain, card virtualisation and wallets, and automation. The Covid-altered world will accelerate these trends but reverse others. Again, treasury will be at the frontline of the business response, as these sessions will show.

  • 1:00pm BST
    8:00am EST
    8:00pm SGT
    Building today’s treasury team
    • Pradipto Bagchi Treasurer Zimmer Biomet USA
    • Steven Krippner Treasurer Baker Hughes UK
    • Fred Schacknies Former SVP & Treasurer Hilton Worldwide USA
  • Changing business models and the new requirements of resilience places new demands on treasuries not set up to deliver them. As well as the technology and resource issues, the talent and hiring requirements of the finance function will be altered. Before Covid-19, treasurers pointed to an immediate need for more data scientists and business analysts and a longer-term requirement for confident communicators, able to build compelling stories around complex data and win over internal and external stakeholders. In the new Covid-affected environment, different mid- and skillsets will also be needed. So how are current treasury leaders the right people to drive the changes required? How do they get comfortable hiring and working with people with unfamiliar skillsets? And who else in the organisation (e.g. HR) should they turn to for help?

    Pradipto Bagchi Treasurer Zimmer Biomet USA
    Steven Krippner Treasurer Baker Hughes UK
    Fred Schacknies Former SVP & Treasurer Hilton Worldwide USA
  • 3pm BST
    10am EST
    10pm SGT
    Avoiding M&A mistakes
    • Robert Novaria EuroFinance Tutor & Partner Treasury Alliance Group USA
    • Ferdinand Jahnel VP, Treasurer Marsh & McLennan Companies, Inc. USA
    • Roger Disch Partner Ernst & Young Switzerland
  • M&A strategies, and the financial structures associated with them, are changing. In this late stage of the economic cycle, shareholders are weighing the pros and cons of all-stock versus debt financed transactions which potentially have credit ratings implications and they are focusing much more closely on the minutiae of capital allocation. In this environment, the role of finance and treasury in M&A becomes more prominent: big-picture ‘stories’ are not enough to drive the deal through; now companies are re-focusing on key assumptions to avoid the classic M&A mistakes: the overvaluation that leads to huge write-downs, the loss of key talent after the deal, the almost immediate divestiture at a lower valuation or, worst case, the bankruptcy. Treasury is key to that nitty-gritty analysis of IRR, business fit and the ability to execute planned expansion. Is the target business performing as described? Are there issues that will derail expected synergies? Are there unusual tax and accounting structures or other financial engineering that obscure the true profitability of the operating business? Post-acquisition treasury is a core part of the integration and cost-elimination process – again key drivers for deal success. This treasurer has been through several acquisition cycles and here explains how they feel treasury can add the most value.

    Robert Novaria EuroFinance Tutor & Partner Treasury Alliance Group USA
    Ferdinand Jahnel VP, Treasurer Marsh & McLennan Companies, Inc. USA
    Roger Disch Partner Ernst & Young Switzerland
  • 4pm BST
    11am EST
    11pm SGT
    The win-win of sustainable financing
    • Jesus Martinez Corporate Treasurer Iberdrola Spain
    • James Kelly Group Treasurer Pearson UK
    • Daniel Blumen Partner Treasury Alliance Group USA
  • In 2019, a record $257.5 billion of ‘green’ bonds were issued, with forecasts for 2020 at up to $375 billion. The average offering is more than three times oversubscribed. Companies from Apple (a €2bn offering in November) to Porsche (in December a €1 billion green Schuldschein – the first transaction of its kind by a car manufacturer) are lining up to fund sustainable and socially responsible projects at extremely favourable terms with ‘green’ instruments. This is possible because mainstream active and passive institutional investors are shifting cash into ‘green’ assets and ratings agencies are incorporating ESG into their rating processes. So how can treasurers achieve ESG-driven cost of capital efficiencies? What makes a bond or loan ‘green’ or ‘socially responsible’? Who defines the terms and who monitors the use of the funding? And what happens if the issuer drifts from the initial intended use? Importantly, how can companies make sure that specific investor demands, driven by index or other requirements, do not start to drive structures that do not suit the needs of the business?

    Jesus Martinez Corporate Treasurer Iberdrola Spain
    James Kelly Group Treasurer Pearson UK
    Daniel Blumen Partner Treasury Alliance Group USA
  • 6:00pm BST
    1:00pm EST
    1:00am* SGT
    Maintaining rapid growth?
    • David Watt Head of Treasury Sonder inc. USA
    • Brett O'Grady Treasurer Shopify Canada
    • Daniel Blumen Partner Treasury Alliance Group USA
    • Janet Duncan VP, Treasurer Lyft, Inc. USA
  • Most treasurers have planned for risks on the downside, but how many plan for risks on the upside? In companies that are growing fast, treasury can unwittingly become a brake on growth: ‘no, you can’t launch the product there; no, you cannot pay that vendor; no, you cannot accept that currency.’ Keeping ahead of the business in order to facilitate growth is a discipline most treasurers need to learn. Critical to it is the choice of bank and vendor partners. Are they flexible enough to support your growth? How can they help with technology? If you have an e-Commerce model, can they help you with low-value, local payments and trapped cash in emerging markets? And can treasury keep up with the volumes if the business becomes more direct-to-consumer? In this panel, treasurers talk about how they balanced the traditional role of treasury – focusing on funding, working capital, risk and credit control – with the need to make it as easy as possible for the business to expand into new regions, customer bases and sales channels.

    David Watt Head of Treasury Sonder inc. USA
    Brett O'Grady Treasurer Shopify Canada
    Daniel Blumen Partner Treasury Alliance Group USA
    Janet Duncan VP, Treasurer Lyft, Inc. USA
Treasury masters share all: benchmark your treasury against top performers

Are you an SME or a global MNC? Is your priority managing rapid growth, hedging against political and economic uncertainty, digital transformation or international expansion? Regardless of where your company is in the treasury journey, these fireside chats and case studies with the world’s leading treasurers will give you valuable insights into the ways in which you can improve your core treasury operations and add real value to your business.

  • 1:00pm BST
    8:00am EST
    8:00pm SGT
    Cash wins: the Nordic way of centralized liquidity management
    • Åsa Skogsfors VP Head of Treasury Nordic Entertainment Group Sweden
    • Karl-Henrik Sunberg CM Solution Manager OpusCapita Sweden
    • Mikael Ardnert Treasury Risk Controller Nordic Entertainment Group Sweden
    • Chris Robinson Director TransactionBanking.com UK
  • In this presentation, we will hear how Nordic Entertainment Group (NENT) created a cross-functional liquidity management model. NENT Group had a liquidity and forecast set-up that was working ok for them, but the aim was to go beyond and create the model they wanted following a decade of rapid changes. Key to the project was a wider centralization of finance functions and systems, that improved the company’s data collection and allowed it to shift focus to forecast and accuracy analysis. In the session we discuss the background to the liquidity model, how the implementation was done in practice and key learnings and ideas for future improvements. In this presentation, we will hear how Nordic Entertainment Group (NENT) created a cross-functional liquidity management model. NENT Group had a liquidity and forecast set-up that was working ok for them, but the aim was to go beyond and create the model they wanted following a decade of rapid changes. Key to the project was a wider centralization of finance functions and systems, that improved the company’s data collection and allowed it to shift focus to forecast and accuracy analysis. In the session we discuss the background to the liquidity model, how the implementation was done in practice and key learnings and ideas for future improvements.

    Åsa Skogsfors VP Head of Treasury Nordic Entertainment Group Sweden
    Karl-Henrik Sunberg CM Solution Manager OpusCapita Sweden
    Mikael Ardnert Treasury Risk Controller Nordic Entertainment Group Sweden
    Chris Robinson Director TransactionBanking.com UK
  • 5:00pm BST
    12:00pm EST
    12:00am SGT
    How Walmart and Citrix navigated treasury through the covid crisis
    • Paul Nicholson Senior Content Producer EuroFinance UK
    • Bruce Edlund Senior Director, Assistant Treasurer Citrix Systems, Inc. USA
    • Matthew Allen VP, Assistant Treasurer Walmart USA
  • Both Citrix, the American multinational that provides digital workspace solutions, and Walmart, the well-known retailer, fared well during the Covid crisis in terms of business strength. In this session hear from their executives about the specific challenges treasury faced with regards to liquidity management and funding their entities. What obstacles did they have to overcome regarding accessing the CP market? How did cashflow forecasting assist? Both companies will also talk about how Covid has changed their treasury agenda and what that might look like now for the next few years.

    Paul Nicholson Senior Content Producer EuroFinance UK
    Bruce Edlund Senior Director, Assistant Treasurer Citrix Systems, Inc. USA
    Matthew Allen VP, Assistant Treasurer Walmart USA
Transforming treasury technology and all things digital: a reality check

The rapidity of technological change is overwhelming companies’ ability to digest it. Manual processes and Excel-based workflows are ubiquitous and often linked to established counterparty and supply chain practices and relationships as much as to legacy ways of working. To change this, treasurers must isolate the improvements that will deliver the most value, and then choosing strategies and solutions to achieve those improvements, is a less risky path to treasury transformation – and easier to sell to senior management. In this stream see how your peers are easing core treasury pain points cost-effectively and without undue disruption to business as usual.

  • 2:00pm BST
    9:00am EST
    9:00pm SGT
    Implementing a Cloud TMS when so much choice on tech is available
    • Jacqui Drew Head of Sales and Account Management, EMEA ION
    • Eli Brown Vice President, Global Cash Management UPS Treasury
  • As treasury management systems migrate to the Cloud, treasurers face new choices when they come to decide on how they would like the service delivered. The good news is that traditional system integration and implementation, which could take many months or even longer for full functionality to be available, is a thing of the past. But on the downside, treasurers need to understand the pros and cons of deployment options like Direct-to-Private Cloud, Single-Tenant SaaS, Multi-Tenant SaaS and On-Premise installation. Knowing how each of these options – and others – affect control over functionality and upgrades, compliance with internal technology operating regimes, costs and configuration customization, is becoming a treasury core competence. This treasurer has just implemented a solution. In this session hear why they made the choices they did and what they would do differently next time.

    Jacqui Drew Head of Sales and Account Management, EMEA ION
    Eli Brown Vice President, Global Cash Management UPS Treasury
  • 4:00pm BST
    11:00am EST
    11:00pm SGT
    Digitalising the onerous process of signatory powers: finally a solution
    • Javier Orejas Head of Banking EMEA & Americas IATA Spain
    • Samuel Vallotton Global Head of Treasury Operations Salesforce
    • Rob Lunn Head of Banking Relationships Delega UK
    • Fred Schacknies Former SVP & Treasurer Hilton Worldwide USA
    • Dennis De-Weerdt Global Head of Service and Implementation, Cash Management Deutsche Bank The Netherlands
  • Managing signatory rights is a considerable challenge for the treasurers of multinational corporations. Both corporates and banks struggle to get a common global overview of who in the corporate is authorised to sign for banking agreements and transactions  Creating new signatories is essential when it comes to enabling users to interact with banks, but this is typically a time-consuming process requiring extensive supporting documentation and allocation of FTE’s . It is also further complicated by the fact that different banks have different sets of rules and procedures. An average multinational corporate holds 100+ bank accounts and typically deals with various banking counterparts for its different needs (cash management, trade finance , FX etc). Companies need a bank agnostic/multi-bank tool to simplify the process. Till now little progress has been made to address this. But several banks and large multinationals along with a fintech platform have formed a working group to partner on a solution. Join these treasurers as they outline a solution that sits on a private network where companies can give specific banks access to the information they need to create, remove and maintain account signatories. Treasurers can also comply with their own audit requirements quickly and accurately reducing what previously took weeks to gather to now just minutes.

    Javier Orejas Head of Banking EMEA & Americas IATA Spain
    Samuel Vallotton Global Head of Treasury Operations Salesforce
    Rob Lunn Head of Banking Relationships Delega UK
    Fred Schacknies Former SVP & Treasurer Hilton Worldwide USA
    Dennis De-Weerdt Global Head of Service and Implementation, Cash Management Deutsche Bank The Netherlands
  • 6:00pm BST
    1:00pm EST
    1:00am* SGT
    Food for thought
    • Daniel Morante Head of Treasury iFood Brazil
    • Christof Nelischer Independent Treasury Professional UK
  • What makes this finance department different from almost any other you have ever seen before? The company’s innovative business model and a 100% annual growth rate certainly called for a non- traditional approach. To achieve this, finance set up policies and products to support the company and the entire value chain. In this session we hear about the values and technology implemented by a finance department where 10% of the workforce has a technology background. This includes various data scientists who use AI for modelling, Bots to execute routine tasks such as tax compliance and machine learning to support clients and suppliers. Hear about the innovative policy style, culture and technology that have allowed this company to make transactions easier and more efficient while enhancing brand perception.

    Daniel Morante Head of Treasury iFood Brazil
    Christof Nelischer Independent Treasury Professional UK
Payments & FX

Payments sit at the intersection of pretty much every significant treasury concern: fraud, cyber-risk, technology transformation, real-time transactions, and the tensions between globalisation and de-globalisation. In this Lab get the latest on the key technical and regulatory initiatives changing the payments ecosystem and on the big picture drivers that may upend the conventional assumptions.

  • 2:00pm BST
    9:00am EST
    9:00pm SGT
    Leveraging new FX liquidity
    • Patrick Kunz Managing Partner Pecunia Treasury & Finance The Netherlands
    • Albert Hollema Head of Treasury and Investor Relations Endemol Shine The Netherlands
  • Although they are somewhat insulated from changes in the underlying structure of markets, treasurers still need to understand how those changes affect the price and availability of products, services and liquidity. The FX markets have undergone radical change over the recent past, with huge volumes now algorithmically traded, with the regulatory fragmentation of liquidity in Europe and with the ongoing wave of consolidation in the trading technology sector. The result is that how treasurers access FX market liquidity, through whom (or directly), how their orders are placed to ensure best execution and the data available to them to analyse their providers’ performance is continuing to evolve. So, to what extent do treasurers need to understand the many different liquidity venues and trading systems out there? And which companies should be looking to exploit advanced execution strategies whether via algos or direct market access?

    Patrick Kunz Managing Partner Pecunia Treasury & Finance The Netherlands
    Albert Hollema Head of Treasury and Investor Relations Endemol Shine The Netherlands
Working capital & supply chain finance

Covid-19 turned the supply chain world upside down. And although supply chain finance has developed rapidly over the past few years becoming cloud-based and ERP-integrated with new platforms that can aggregate buyers and suppliers globally, the pandemic brought home weaknesses in companies’ technology, transaction information flows, working capital strategies and many other things. The need for digitisation is now critical. Companies need to look much more closely at risks and develop the tools to ensure adequate working capital. This lab will help you review and problem solve.

  • 8:00am BST
    3:00am EST
    3:00pm SGT
    Supply chain finance: sustainability and ESG in Asia
    • Axel Hauke Treasury Manager, Treasury Agrocorp International Germany
    • David Blair MD Acarate Singapore
  • Asia lies at the heart of many global supply chains, from high tech production to traditional textile manufacturing. Recent black swan events and public health emergencies have disrupted supply chains and closed factories, creating a crisis in business continuity in some sectors. Beyond this immediate issue, supply chains are evolving. The rise of corporate governance standards, encapsulated in stronger ESG principles, are driving innovation in supply chain financing, where suppliers are incentivised and rewarded for meeting environmental and governance standards of multinational companies. But whilst the proliferation of green financing in bonds and loans expands globally, supply chain financing is also now facing accounting questions in the off balance sheet treatment of reverse factoring. In response to commentary from ratings agencies and regulators, and in the spirit of good governance and transparency, some companies are choosing to place their factoring programmes on balance sheet. So how is supply chain financing playing out in Asia? Are we seeing the greening of financing initiatives and increasing standards in line with international best practice. Local treasurer tells the tale.

    Axel Hauke Treasury Manager, Treasury Agrocorp International Germany
    David Blair MD Acarate Singapore
  • Centre stage
Keynotes
  • 9:00am BST
    4:00am EST
    4:00pm SGT
    A new attitude to debt?
    • John Ferguson Director of Macroeconomics EIU UK
    • Paul Nicholson Senior Content Producer EuroFinance UK
  • Companies have spent the years since the global financial crisis binging on debt. Corporate debt among non-banks exploded to $75 trillion at the end of 2019, up from $48 trillion at the end of 2009, according to the Institute of International Finance. The pandemic has only made matters worse with companies borrowing billions more to cushion themselves against a downturn. Government intervention on a massive scale has reduced the immediate risks of defaults and insolvencies but amplified the systemic risks down the road. And like governments, companies, having done whatever it takes to survive, will need to consider the longer-term structure of their finances once the crisis passes. Is it time to take another look at leverage, stock buy-backs and the cult of debt? If ‘100-year’ shocks, including perhaps climate-related changes, are becoming more common, then should companies be looking at balance sheet resilience, and equity?

    John Ferguson Director of Macroeconomics EIU UK
    Paul Nicholson Senior Content Producer EuroFinance UK
  • 10:00am BST
    5:00am EST
    5:00pm SGT
    Securing the smart treasury
    • Cathy Fields Assistant Treasurer & Director Of Global Risk Management Hitachi Vantara LLC USA
    • Royson Da Costa Assistant Group Treasurer Ferguson plc. UK
    • David Blair MD Acarate Singapore
  • Covid-19 is a cybersecurity nightmare. Remote working, the accelerated deployment of personal mobile devices, the sudden needs for remote access to sensitive corporate systems, companies rushed development of e-commerce and other digital survival strategies and a stressed workforce susceptible to phishing attacks have all redrawn the attack surface and re-energised the hackers. Add treasury’s rapid adoption of Cloud, RPA, APIs and other connectivity multipliers. And then overlay the drive towards real-time treasury, which means that any mistakes or malicious instructions can be executed more quickly than staff or systems can recognize a problem. Treasury is a significant and underprotected target. Cybercriminals recognize the weaknesses in treasury: business email compromise attacks have cost millions; low-paid SSC staff are targets for bribery; and nation-state actors have become a significant threat as they target the private sector for money or data. Third-party security is an even more intractable issue. So where does treasury sit as a line of cyber-defence? To what extent can treasurers mitigate the cyber-risk to their treasury systems and operations and what do they need from the rest of the enterprise? This panel will share lessons learned and processes undertaken.

    Cathy Fields Assistant Treasurer & Director Of Global Risk Management Hitachi Vantara LLC USA
    Royson Da Costa Assistant Group Treasurer Ferguson plc. UK
    David Blair MD Acarate Singapore
  • 11:30am BST
    6:30am EST
    6:30pm SGT
    Who cares about normal? A long term plan for business resilience
    • Damian Glendinnning Principal Treasury Matters France
    • Marion Reuter Reuter Regional Head of Transaction Banking Sales Europe Standard Chartered Bank Germany
    • Thomas Eberle Head of CCM Sales EMEA Deutsche Bank Germany
    • Laura Franco Sarto Head of Corporate Sales, Gloibal Transaction Services EMEA - MD GTS Bank of America France
    • Aurélia Normand Head of Transaction Banking CIB EMEA BNP Paribas France
  • If the flick of a switch could erase COVID-19 in an instant, we would not go back to where we were. And the future we imagined, is not the future we will experience. Remote working delivers productivity, cost savings and environmental benefits. Rules have had to be bent, management structures abandoned, and business has continued. Flexibility, agility and resilience have proved more valuable than hierarchy, structure and process. So how can all the partners in treasury management institutionalise the best of what they have discovered during this journey? This round-up of the 2020 virtual international treasury management will look at the lessons learned this year and advise for the way forward.

    Damian Glendinnning Principal Treasury Matters France
    Marion Reuter Reuter Regional Head of Transaction Banking Sales Europe Standard Chartered Bank Germany
    Thomas Eberle Head of CCM Sales EMEA Deutsche Bank Germany
    Laura Franco Sarto Head of Corporate Sales, Gloibal Transaction Services EMEA - MD GTS Bank of America France
    Aurélia Normand Head of Transaction Banking CIB EMEA BNP Paribas France
  • 12:20pm BST
    7:20am EST
    7:20pm SGT
    Closing remarks
    • Asif Chaudhury MD EuroFinance UK
  • Asif Chaudhury MD EuroFinance UK

Once again EuroFinance has proven to be ‘the event’ for treasury.

Nikita Romanovich Orlov, Head of Treasury, Norilsk Nickel Mining & Metallurgical

EuroFinance Geneva was once again the event of its kind that I value the most – by a margin.

Farid Boussatha, Head of Treasury Solutions, Airbus SAS

Still the most relevant cash and treasury conference to meet with banks and network with peers.

Evgeny Chaynikov, Senior Financial Manager, PJSC Lukoil

An annual dose of motivation and inspiration for treasury professionals.

Christian Valdivia, CFO, LafargeHolcim Trading

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