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Agenda

Day 1

This event offers big-picture sessions around the global economy and its challenges for companies; the latest tech developments offering real opportunities to solve finance function pain points; regulation and other current trends.

Robert Novaria

Chair: Robert Novaria, EuroFinance Tutor & Partner, Treasury Alliance Group

Robert Novaria
Robert Novaria Treasury Alliance Group EuroFinance Tutor & Partner

Bob has more than 30 years of corporate treasury experience in the roles of treasurer, credit director, finance manager and controller at BP America and Amoco Corporation. He has successfully managed post-acquisition integrations, technology upgrades and corporate restructurings. Currently, Bob is a partner with the Treasury Alliance Group, leveraging his corporate experience in client engagements dealing with global treasury, risk and crisis management; cash management and cash flow forecasting; working capital management; shared service operations and general management. He also shares his experiences by tutoring others in courses such as international cash and treasury management, corporate risk management and cash flow forecasting, as well as by chairing, moderating and speaking at treasury conferences worldwide.

Daniel Blumen

Chair: Daniel Blumen, Partner, Treasury Alliance Group

Daniel Blumen
Daniel Blumen Treasury Alliance Group Partner

Daniel L. Blumen, CTP is a founding partner of Treasury Alliance Group where he leads consulting engagements dealing with working capital management, systems integration, liquidity and risk management and other global treasury issues. Prior to co-founding Treasury Alliance in 2002, he was Managing Director of Knowledge Management Applications, a firm he founded in 1998. Dan was with Bank of America in Chicago and Singapore, where he managed the ASEAN region of the Global Payment Services Group. He also worked for Citibank in Chicago and in London where he had pan-European management responsibility for cash management business development. He has worked with large multinationals and emerging international companies and shares his experience as an author and as a frequent speaker at cash management gatherings worldwide.

  • 9:00am
    Chairs' Introduction
  • 9:15am
    What’s driving or not driving the global economy and what matters for companies now?

    Economies have stopped working the way we expect. The link between employment and inflation seems broken. A quarter of all investment-grade bonds now have negative yields. Central bank balance sheets bulge with the bonds they have bought. The role of those banks and their governments in fiscal and monetary policy is blurring. The rules of business are in flux too. Political turmoil matters more than the normal rules of the market. The continued move towards global supply chains and the digital reinvention of sectors as far apart as taxis, pizzas and healthcare collides with nostalgic populism and its desire to reassert nation states and their boundaries. New generations of consumers demand sustainability from markets, driving leaders to seek profits with purpose. And all the while, more than a decade after the financial crisis, debt levels continue to rise, and a private equity bubble looks set to burst, if it hasn’t already. So what is the new thinking that emerged after previous crises missing this time round? Is the Chinese model showing the deficiencies in the neoliberal consensus and will populism overturn it? And what can companies do to ensure that they avoid extinction in what seems awfully like the transition to a new era?

    Daniel Franklin

    Daniel Franklin, Exectutive and Diplomatic Editor, The Economist

    Daniel Franklin
    Daniel Franklin The Economist Exectutive and Diplomatic Editor

    In 2018 Daniel Franklin was appointed to executive and diplomatic editor. Daniel initially held the role of Executive Editor of The Economist from 2006 and Editor since 2003 of The Economist‘s annual publication, “The World in…”; which focuses on the year ahead. Daniel published Megatech: Technology in 2050 in 2017 and his book on long-term trends, “Megachange: The World in 2050”, was published in 2012. Mr Franklin joined The Economist in 1983 to write about Soviet and East European affairs. As the newspaper’s Europe Editor from 1986 to 1992 he covered the great European upheavals, from the collapse of communism to the signing of the Maastricht treaty. After a stint as Britain Editor he moved to the United States as Washington Bureau Chief, covering the first Clinton term. In 1997 he moved back to London as Editorial Director of the Economist Intelligence Unit. From 2006 to 2010 he was Editor-in-Chief of Economist.com. For the following four years he was Business Affairs Editor, running the paper’s coverage of business, finance, science and technology. He also helps with new initiatives undertaken by The Economist Group. His special report on corporate social responsibility, “Just good business”, was published in 2008.

  • 10:00am
    Sustaining rapid growth

    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

    David Watt, Head of Treasury, Sonder Inc.

    David Watt
    David Watt Sonder Inc. Head of Treasury

    David joined Sonder to found their Treasury department at the start of 2019. Prior to that he spent 4+ years helping Uber expand to nearly 80 countries leading a team that grew to 30 people across 3 locations in the San Francisco, Amsterdam, and Singapore. In addition to the two recent roles with start ups David worked in several public companies such as URS, eBay, and World savings. Before getting into Treasury David worked in Accounting and earned a CPA license in California.

    Sabrina Wong

    Sabrina Wong, Treasurer, Veeva Systems

    Sabrina Wong
    Sabrina Wong Veeva Systems Treasurer

    Veeva Systems Inc is a cloud-computing company focused on pharmaceutical and life sciences industry applications. Prior to joining Veeva in 2018, Sabrina was Head of Treasury UK for WillisTowersWatson for 2 years and was also at Intel Treasury for 9+ years in the US and UK. She attended UCLA (Chemical Engineering) and USC (MBA).

    Janet Duncan

    Janet Duncan, VP, Treasurer, Lyft

    Janet Duncan
    Janet Duncan Lyft VP, Treasurer

  • 11:00am
    Refreshment break
  • 11:30am
    Delivering value through transformation: money for nothing and change for free

    Untangling legacy treasury to free up cash and streamline liquidity management is a journey that not all treasurers embark on or survive.  In this case, the tale began with an overhaul of banking relationships, the elimination of hundreds of accounts and millions in bank fees, whilst improving  cash visibility and centralisation. Account rationalisation became an enabler for state of the art liquidity and investment solutions and a leaner, more efficient balance sheet structure for the company along with a new systems environment. The rationalisation process increased returns and optimised tradeoffs between yield, liquidity and counterparty risk. Cash management efficiencies enabled the investment of over $1bn in previously idle funds while cash pool initiatives added additional millions in liquidity benefits. The adoption of SWIFT standards drove further technological transformation in payments and cash processing, simplifying the complexity of multi-channel banking, with the net effect of strengthening of HPs competitive advantage through greater cash transparency and greatly enhanced liquidity. No journey worth taking is without some drama, so here is the treasurer to share his story.

    Zac Nesper

    Zac Nesper, SVP & Global Head of Treasury, HP Inc.

    Zac Nesper
    Zac Nesper HP Inc. SVP & Global Head of Treasury

    Zac Nesper is SVP & Global Head of Treasury for HP Inc. In this role he is responsible for FX, Capital Markets, Global Treasury Consulting Services, Pension, Investments, Enterprise Risk Management, Insurance, and Credit & Collections. He also serves as chair of HP’s Investment Review Committee (IRC) which oversees pension and 401(k) assets and is a member of HP’s M&A risk committee. Previously, he was VP & Assistant Treasurer for HP Inc. responsible for all core Treasury functions. Prior to HP, Zac also spent several years at ConAgra Foods where he led the company’s strategic planning processes as well as holding various roles in sales finance and accounting. Zac is a board member of Keyara’s Gift, a Liberian centric charity focused on educating and providing food and medical care through a network of in country staff. Zac is based in Palo Alto and holds a B.A. from Northwestern College in Economics and Finance and an MBA from the Stanford Graduate School of Business. Zac has twice completed Ironman Triathlons, doing the second after telling his wife at the finish line of the first, “don’t ever let me do that again, it’s dangerous.”

  • 12:10pm
    Going for green: sustainability impacts us all. What role can treasury and finance play?

    Environmental, social and corporate governance (ESG) is becoming a critical part of corporate reputation, driving not just customer retention and loyalty but also investor and other stakeholder behavior. So how can treasury contribute to companies’ overall ESG efforts? One easy step is to ensure that any service provider to treasury – including banks – is itself a responsible and sustainable partner. This idea can be extended to the supply chain via innovative green SCF solutions that tie discount rates or other financial incentives to suppliers’ own demonstrated sustainability. Another step is to look at moving to the increasing number of sustainable financing products in the bond, bank and leasing markets. Banks can even help companies meet their sustainability commitments through structuring their working capital requirements to help fund renewable energy projects in ways that are more economical than other funding options. In this session, we bring you socially responsible companies who not only tell you their treasury growth stories but also explain how treasury and finance have gone green.

  • 12:50pm
    Lunch

    Sponsored by:

    DBS

  • 2:00pm
    The reality of real-time payments: what's in it for treasury?

    In this moderated session, our expert panelists will explore the new payment trends and advances in the US and globally, including which developments are important for a corporate treasury. Learn from a bank, fintech and corporate perspective about impacts to the global marketplace from real-time payments. How will the reality of real-time, cross-border payments impact working capital, systems and processes within a company? How will APIs and new standards benefit corporates? What are the advancements in cloud technology in this space, how safe are they, and how real is their potential for adoption?

    Moderated by: Jeff Horowitz, MD, Treasury Services, BNY Mellon

    Jeff Horowitz

    Jeff Horowitz, Managing Director, Treasury Services, BNY Mellon

    Jeff Horowitz
    Jeff Horowitz BNY Mellon Managing Director, Treasury Services

    Jeffrey Horowitz is Managing Director and Market Head for Relationship Management, Corporate, Government & Not-for-Profit Segments within BNY Mellon’s Treasury Services business. His group focuses on providing global payments, foreign exchange, liquidity management, trade and treasury management solutions for multinational corporations, U.S. government entities, technology companies, real estate & mortgage companies and not-for-profit organizations. In this role, Jeff is a member of BNY Mellon Treasury Services’ Global Relationship Management and Business Development Leadership team. With a career spanning 30 years, Jeff has also held positions with ABN AMRO Bank in the U.S. and Europe, Dreyfus Corporation, Standard Chartered Bank, the Walt Disney Company and Treasury Sources, a start-up FinTech company. He has served as a board member for BNY Mellon Trust Company, an adjunct staff member for the Institute for Shipboard Educations’ Semester at Sea Program and an adjunct faculty member at the New York Institute of Technology. Jeff is currently a member of the BNY Mellon Credit Portfolio Management Committee. He is a frequent speaker at industry events on topics that range from payments and working capital management to treasury strategies, credit and liquidity and he co-authored a recent BNY Mellon paper in 2018 titled “The Future of Payments”. Jeff earned his Bachelor’s degree in education at the State University of New York, College at Cortland and his Master’s degree in business from Adelphi University.

    Jim Scurlock

    Jim Scurlock, Head of Cash Management, Microsoft

    Jim Scurlock
    Jim Scurlock Microsoft Head of Cash Management

    Bob Sneed

    Bob Sneed, Executive Vice President of Sales, TransCard

    Bob Sneed
    Bob Sneed TransCard Executive Vice President of Sales

    Bob Sneed is the executive vice president and head of commercial payments for Transcard. In his current role, Bob is responsible for the sales and account management group with a focus on strategy, process and product innovation. The global payments processing company, takes a holistic approach to optimize payment execution across three unique disciplines: Pay-in (Receivables), Workflow and Pay-out (Payables). The innovative payment applications leverage new and existing network capabilities to deliver optimum value and choice between payor and payee. Solutions integrate traditional virtual accounts through the Mastercard |VISA network, ACH, RTP, check processing and more. Prior to joining Transcard, Bob held executive leadership positions with WEX and Comdata. As an executive with 30+ years of experience in the payments industry, he has a results oriented background in helping clients, business partners and financial institutions capture value through effective payment execution strategies.

    Carl Slabicki

    Carl Slabicki, Executive Manager, Treasury Services, BNY Mellon

    Carl Slabicki
    Carl Slabicki BNY Mellon Executive Manager, Treasury Services

    Carl Slabicki is the Head of Strategic Payment Solutions for BNY Mellon’s Treasury Services. In his current role, Carl is responsible for our Payables and Receivables product group that delivers specialized solutions to optimize payment flows for our multi-segment corporate client base, our bank clients in a private label capacity and our strategy to selectively partner with FinTechs to enhance and scale our services across the market. This product group focuses on providing holistic payment services to support the full spectrum of payables and receivables while optimizing our client’s payment flows and services by leveraging new networks and capabilities such as Real-Time Payments (RTP®), Tokenized Payments® now available with Zelle®, ACH, Check Processing and Specialized Industry Solutions. Mr. Slabicki is the Chair of Zelle’s Wholesale Payments Advisory Committee, a member of the Federal Reserve’s Faster Payments Council and represents BNY Mellon on many industry working groups focused on faster payments such as The Clearing House’s RTP® network and Zelle® disbursements. Prior to joining BNY Mellon in 2014, Mr. Slabicki was the Treasurer for the Wurth Group of North America Inc. which is the regional in-house bank, holding company and shared service center for the Wurth Group. Mr. Slabicki graduated from Muhlenberg College with bachelor degrees in Economics and in Business Administration and is a graduate of SIFMA’s Security Industry Institute at Wharton. He is a Certified Treasury Professional (CTP), an Accredited ACH Professional (AAP) and a member of the Association for Financial Professionals (AFP).

  • 2:40pm
    Liquidity management in a negative rate world

    Roughly a quarter of the debts issued by governments and companies around the world are currently trading with negative yields. Even some junk bonds have a negative yield to call. The question of how to respond is really above the treasurer’s pay-grade. Yields are this low because central banks want banks to lend and companies to spend. And the corporate response has been to spend – at the end of 2018 America’s cash mountain was down 15% from the record $1.99 trillion at the end of 2017 – though more on stock buy-backs than gainful investment. So, the question is really one for the board: with money not worth much in the bank, what are the other ways to use it? And the savers’ nightmare is the borrowers’ paradise, so is now not the time to be refinancing? It is also true to say that this is more hype than reality: the nominal levels are eye-catching, but are they a distraction? After all, real yields have been close to zero and negative before. So, is it simply the nominal losses that worry treasurers and if so why? If their firms are too worried about recession to invest now, then they have to accept the cost of insurance – that cash at hand – has risen in parallel. There are strategies for avoiding nominal loss, but they all come with risk – risks that will likely crystallize in the event of the recession that is preventing investment. So, it makes little sense to take a risk with liquidity that you are not prepared to take for the firm’s future. This situation requires a change of policy from the top, not simply a tweak of cash pooling or liquidity management technology. This treasurer explains what he has told the Board and what happened next.

  • 3:20pm
    Refreshment break
  • 3:50pm
    Treasury technology: AI, RPAs, and data analytics

    Most treasurers believe that automation and AI will release them to become more valuable deliverers of strategic insights to the business. Systems will perform many of the functions previously the preserve of treasury, and treasury will become a centre of expertise in tailoring treasury strategy to support the business’ chosen trajectory. In order to achieve this, a carefully planned automation and digital transformation journey must be executed. Logitech is in the midst of such a large-scale project. Here the treasurer will share her journey. From a foundation of straight through processing between the ERP and banks for payments, collection, payroll and reconciliation, alongside the implementation of technology to manage cash, investments and FX exposure, she will show how automation has made things administratively seamless. What are the next steps for digital transformation to take place and why have Logitech taken this path and approach? This will include an explanation of the various RPA, cloud and tableau dashboards they plan as well as a road map to using AI and Fintech companies to close the gaps they currently have. The session will include examples of RPA projects in test mode along with a live demo of how RPA benefits their treasury. She will also show how tableau dashboards have changed treasury decision making giving treasury a seat at the table with sales and other teams.

    Priti Kartik

    Priti Kartik, Corporate Treasurer, Head of Credit, Collections and Data Analytics, Logitech

    Priti Kartik
    Priti Kartik Logitech Corporate Treasurer, Head of Credit, Collections and Data Analytics

    Priti Kartik is Head of Global Treasury, Credit, and Collections at Logitech. She joined Logitech in 2012 as Senior Manager and as Head of Treasury since 2016, oversees all functions of Treasury globally. In 2018, her responsibilities expanded to include Global Credit and Collections. Prior to Logitech, Priti worked at Thoratec and Altera where she held various leadership positions in the Finance department. She also served as Vice President and President of the Silicon Valley AFP (formerly PTMA) in 2009-2011. Priti holds a Graduate Diploma in Finance from Australian National University and a Bachelor of Commerce degree from the University of Mumbai, India and is CTP certified.

  • 4:30pm
    The EuroFinance Awards for Treasury Excellence: Hear from the winner

    Every year EuroFinance presents its Award for Treasury Excellence to a treasury that has demonstrated outstanding best practice across key areas of treasury in the previous 12 months. In 2019, from the many first-rate entries received, we selected a treasury that has demonstrated resilience in the face of volatility, shown an ability to adapt quickly to changes in their company’s business model and illustrated quick thinking when dealing with a series of difficult external issues. All this was achieved whilst dealing with day-to-day risk management measures, funding challenges, cash management demands, tax issues, compliance imperatives and staff development. Together, this treasury team enabled sustainable innovation across its core functions while managing the stresses and strains of rapid change.

    Jim Scurlock

    Jim Scurlock, Head of Cash Management, Microsoft

    Jim Scurlock
    Jim Scurlock Microsoft Head of Cash Management

  • 5:10pm
    Networking reception

    Sponsored by:

    Bank of America

  • 6:00pm
    Adjourn to day 2

Day 2

This event offers big picture sessions around the global economy and its challenges for companies; the latest tech developments offering real opportunities to solve finance function pain points; regulation and other current trends.

Robert Novaria

Chair: Robert Novaria, EuroFinance Tutor & Partner, Treasury Alliance Group

Robert Novaria
Robert Novaria Treasury Alliance Group EuroFinance Tutor & Partner

Bob has more than 30 years of corporate treasury experience in the roles of treasurer, credit director, finance manager and controller at BP America and Amoco Corporation. He has successfully managed post-acquisition integrations, technology upgrades and corporate restructurings. Currently, Bob is a partner with the Treasury Alliance Group, leveraging his corporate experience in client engagements dealing with global treasury, risk and crisis management; cash management and cash flow forecasting; working capital management; shared service operations and general management. He also shares his experiences by tutoring others in courses such as international cash and treasury management, corporate risk management and cash flow forecasting, as well as by chairing, moderating and speaking at treasury conferences worldwide.

Daniel Blumen

Chair: Daniel Blumen, Partner, Treasury Alliance Group

Daniel Blumen
Daniel Blumen Treasury Alliance Group Partner

Daniel L. Blumen, CTP is a founding partner of Treasury Alliance Group where he leads consulting engagements dealing with working capital management, systems integration, liquidity and risk management and other global treasury issues. Prior to co-founding Treasury Alliance in 2002, he was Managing Director of Knowledge Management Applications, a firm he founded in 1998. Dan was with Bank of America in Chicago and Singapore, where he managed the ASEAN region of the Global Payment Services Group. He also worked for Citibank in Chicago and in London where he had pan-European management responsibility for cash management business development. He has worked with large multinationals and emerging international companies and shares his experience as an author and as a frequent speaker at cash management gatherings worldwide.

  • 9:00am
    Chairs' introduction
  • 9:10am
    What does innovation look like?

    How can large complex companies innovate when they are stuck with legacy systems, business models, culture and employees? How can they create an innovative approach to reinvention and what would that look like in practice? Amish Parashar, a former Partner and co-founder at Yamaha Motor Ventures, now a Silicon Valley based venture capital investor exploring a wide range of technologies, companies, and business models will share his experience about what it takes to create a global culture of innovation within your company. He will also share his views on what the future will look like based on his investments in innovative organizations.

    Amish Parashar

    Amish Parashar, Venture Capital Investor, University Lecturer, Technologist, AP Ventures

    Amish Parashar
    Amish Parashar AP Ventures Venture Capital Investor, University Lecturer, Technologist

    Mr. Parashar is a Managing Partner of Explorers’ Lab, a Silicon Valley firm which works to understand, build, and fund technologies which may disrupt existing and create new industries. Mr. Parashar has been an inventor, entrepreneur, and venture capital investor. He was co-founder and Partner at Yamaha Motor Ventures & Laboratory Silicon Valley, Inc. In this role, he worked to build the team and reputation of the firm while leading strategic planning, innovation partnerships, and early stage investments in emerging and exploratory areas including robotics, AI, and autonomous systems. In 2017, he was named a Top 100 Rising Star by Global Corporate Venturing. He went on to co-found a $100MM Exploratory Corporate Venture Capital Fund. Prior to his Venture Capital roles, he was Director of Innovation at Triple Ring Technologies, a Silicon Valley based technology creation company. Mr. Parashar graduated twice from Dartmouth College and once from the University of London and has held teaching roles at Stanford’s d.school and Singularity University. He currently serves on the Dean’s Council of the Thayer School of Engineering at Dartmouth College and is a Fellow at the California Institute for Innovation and Development at UC San Diego.

  • 9:50am
    In conversation: career paths in today’s treasury organization

    Diversity is rising up the corporate agenda, driven by good governance practices in many corporations. At the same time, the skills required in treasury are diversifying. As treasury is transformed by technology, data, cybersecurity and systems knowledge is increasingly in demand. As automation, outsourcing and shared service centres move basic processes out of treasury, the need for strategic and communications skills to partner the business increases. And as regulation becomes an ever more significant driver of business structure and activity, the treasurer’s role in compliance and investor relations becomes more significant. So is the conventional treasurer’s identity changing and what skill sets are now required for today’s treasury career? And what is required for new treasury talent?

    Alice Xu

    Alice Xu, Corporate Treasurer, Workday

    Alice Xu
    Alice Xu Workday Corporate Treasurer

    Alice Xu is Corporate Treasurer at Workday, Inc. She was hired to setup the Treasury function after the company went IPO in 2012. Currently she leads global treasury operations including Global Banking Relationship, Liquidity Management, FX Hedging, Capital Market and Insurance Risk Management. Prior to Workday, Alice spent 15+ years in various treasury roles at AMD, Cisco Systems Inc. & Mattson Technology Inc. Alice has a bachelor’s degree in Business Administration from Haas School of Business, UC Berkeley.

    David Tao

    David Tao, Risk, Treasury, and Payments, Gusto

    David Tao
    David Tao Gusto Risk, Treasury, and Payments

    Christine Dzwonczyk

    Christine Dzwonczyk, VP, Treasurer & Head of Global Tax, Driscoll's

    Christine Dzwonczyk
    Christine Dzwonczyk Driscoll's VP, Treasurer & Head of Global Tax

    Christine has been VP, Treasurer at Driscoll's, Inc., the world’s largest supplier of fresh berries, since 2016 and became Head of Global Tax in 2019. Previously she was Treasurer at Creative Artists Agency, a leading talent and sports agency and TPG private equity portfolio company. Prior to that Christine was VP and Treasurer at Castle & Cooke, a privately held conglomerate and the sister company to Dole Food Company, and at American Golf Corporation, a Goldman Sachs/Starwood private equity portfolio company, and was an Associate at Lazard Frères. Christine started her career in investment banking at Deutsche Bank and was a financial analyst at Keystone Property Trust, a publicly traded REIT. Christine holds a BA in Economics from Goucher College and was an Associate Student at New College, Oxford University.

  • 10:30am
    Refreshment break
  • 11:00am
    Tailored strategies for digital treasuries

    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.

    Jim Scurlock

    Jim Scurlock, Head of Cash Management, Microsoft

    Jim Scurlock
    Jim Scurlock Microsoft Head of Cash Management

    Nichole Krause

    Nichole Krause, Treasurer, Zendesk

    Nichole Krause
    Nichole Krause Zendesk Treasurer

    Nichole Krause, Treasurer, CTP has over twenty years of strategic treasury, finance, and accounting experience. In 2015 she joined Zendesk as Treasurer. Zendesk is a SaaS-based company providing products and services for better customer relationships. From 2006 – 2015 Nichole was Director of Consulting at Hedge Trackers advising clients on all matters of foreign currency risk in relation to ASC 815 (FAS 133) and ASC 830 (FAS 52). Prior to Hedge Trackers she was Assistant Treasurer at Macromedia. Nichole has an MBA (with Honors) from Santa Clara University and a B.S. in Accounting from the University of Arizona. She is a Certified Treasury Professional (CTP).

    Michael Ellison

    Michael Ellison, Treasury Advisory Executive, Bank of America

    Michael Ellison
    Michael Ellison Bank of America Treasury Advisory Executive

    Michael Ellison is director and treasury advisor in the GTS Advisory team at Bank of America Merrill Lynch. In this role, Ellison collaborates with the products and sales teams across the company and advises clients on treasury strategies such as liquidity optimization, risk management, and transformation roadmaps. Ellison has extensive experience in corporate finance, investment banking, and capital markets. He is based in San Francisco. Prior to joining the bank in 2018, Ellison spent 15 years at Mastercard where he held several senior leadership positions. Most recently, he was business financial officer (BFO) of Law and Franchise Integrity where he led financial oversight of the division and partnered with the senior leadership team on shaping and executing strategic initiatives such as the launch of a shared service center to scale resources and optimize cost. Prior to his BFO role, he was assistant treasurer and led a global team responsible for treasury operations and strategy (including capital structure, foreign exchange, investments, and cash management).Previously, Ellison worked as an investment banking associate at Morgan Stanley. He created financial analysis and client presentations while contributing in the execution of M&A and financing engagements. Ellison holds a bachelor’s degree in business administration from the University of North Carolina at Chapel Hill. He also holds a Masters in Business Administration from the Fuqua School of Business at Duke University.

  • 11:40am
    The changing payments environment: how to use payments to boost growth

    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 come 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 using lessons learned from both Google and Stripe. 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.

    Saif Ashraf

    Saif Ashraf, Head of Treasury Strategic Products, Google

    Saif Ashraf
    Saif Ashraf Google Head of Treasury Strategic Products

    Saif has been a member of Google’s treasury team for ~9 years and has held various roles in operations/payments, corporate finance and capital markets. He currently leads a team focused on enabling Google, from a treasury/banking perspective, to launch products in an efficient and scalable manner. Prior to joining Google, Saif worked at General Motors Treasury (NY), Lehman Brothers (Investment Banking, NY), and Sodexo (Systems designer, NY) in a career spanning 15 years. Saif has an undergraduate degree in Computer Information Systems and an MBA in Finance in addition to being a Microsoft certified systems engineer (2002).

    Victor Penna

    Victor Penna, Managing Director, Regional Head of Cash Management Europe & Americas and Global Head of Structured Solutions Development, Cash, Standard Chartered

    Victor Penna
    Victor Penna Standard Chartered Managing Director, Regional Head of Cash Management Europe & Americas and Global Head of Structured Solutions Development, Cash

    Victor Penna is a recognized industry leader in financial services with over 30 years’ experience in corporate and transaction banking, treasury consulting, business process reengineering, and technology innovation. He has held Senior Executive roles at Standard Chartered, J.P. Morgan, Citibank, and specialist consulting firms.Victor has responsibility for Standard Chartered’s Cash Management service covering clients based in Europe and the Americas. He also leads a global team of structuring experts who work on the most complex solutions for clients covering digital transformation, e-commerce, global liquidity structures, and hybrid technology solutions incorporating Fintech. Prior to this role he was the Global Sales Head for corporate clients including companies based in Europe, Americas, Asia, Middle East, and Africa. This included global delivery of a range of cash management, trade, supply chain finance, escrow, and transactional FX solutions. Over the past 3 years he has focused heavily on the impact of digitization and emerging Fintech solutions on both the Treasury and core business activities of clients. He has spoken extensively on these topics at many industry conferences and personally leads workshops with many leading corporations to help define their digital strategies.Before joining Standard Chartered in 2013, Victor was the Regional Head of J.P. Morgan’s treasury consulting and solutions teams for Asia Pacific. He also led regional sales teams covering large Asian multinationals and non-bank financial institutions. During his career, he has worked with many Fortune 500 clients on projects covering Treasury Centers, In-House Banks, Payment Factories, Shared Service Centers, and Supply Chain Management Centers. He has also provided advice and solutions covering global liquidity management structures, regional cash management, financing structures, risk management, investment management, process reengineering, and business process outsourcing. His industry experience extends across Oil & Gas, Mining & Resources, Petrochemicals, Power, Technology, Consumer Electronics, Airlines & Shipping, Automotive, Industrials, Insurance, Asset Management, Banks, and the Public Sector. He is regular presenter at major industry conferences.Victor is an Australian and has a Business Degree from Swinburne University of Technology with post-graduate diplomas in Financial Services and Corporate Finance.

  • 12:20pm
    Lunch

    Sponsored by:

    DBS

  • 1:20pm
    Transforming treasury to support rapid business growth

    Growth can be driven by multiple forces such as M&A, business evolution around user experience and changes to a company’s business model, ecosystem expansion, and shifting regulatory environments internationally. Adapting treasuries to support these global growth strategies is a complex and difficult task. Just ensuring that the structures chosen remain viable in a volatile regulatory environment is hard enough. Throw in cross-border funding and cash management, and risk management, building a future-proofed but efficient treasury becomes more difficult still. How does treasury cope? More importantly, how does treasury set itself up to quickly integrate new acquisitions? How does treasury go from reacting to being proactive? Treasury in this instance put the right foundation in place, implementing the transformation necessary for centralisation of liquidity, payments and FX. As a strong hub, it can now easier absurd growth targets provide the flexibility to support business expansion and aid new market entry. This panel will show how to enter new markets, navigate regulation and ultimately how to structure treasury for growth.

  • 2:00pm
    Non-stop change in foreign exchange

    FX markets continue to change. New regulated trading venues, further multiplication of platforms and rapid means that FX liquidity and execution now vary widely depending on location and instrument (spot, forward, NDF, swap, option). For corporate treasurers, a once simple marketplace has become a tangle of choices. Banks are doing their best to provide liquidity and a single point of access to both regulated and off-venue liquidity pools, as well as a choice of execution algos depending on market and the purpose of the trade. But how can treasurers know that they are getting the best price and service? Where do they get transaction cost analysis tools and quality market data? Do they need to re-examine counterparty relationships and selection criteria – in this new marketplace is it better to use more or fewer counterparties? And how can technology help treasurers with transparency and efficiency in accessing FX liquidity?

    Mike Young

    Mike Young, Head of Treasury, Juniper Networks

    Mike Young
    Mike Young Juniper Networks Head of Treasury

    Mike is Head of Treasury at Juniper Networks. He is responsible for directing strategy and execution across capital structure, capital return, FX risk management, investment management, corporate finance, cash flow, and banking operations. Prior to Juniper, Mike worked in various roles, including Treasury, as part of Chevron’s finance leadership development program, and prior to that he began his Treasury career at Disney. Mike also spent time as an English teacher in Japan with the JET Programme. Mike has a BA from UCLA and an MBA from the UC Berkeley Haas School of Business.

    James Rossi

    James Rossi, Treasury Director - Capital Markets, Global Corporate Finance and FX, Levi Strauss & Co.

    James Rossi
    James Rossi Levi Strauss & Co. Treasury Director - Capital Markets, Global Corporate Finance and FX

    James joined Levi Strauss 9 years ago because he was intrigued by an iconic company that sells products in more than 110 countries. He wagered there would be no shortage of things to do. Initially he managed the operations of the in-house banks and is now responsible for capital markets, foreign exchange risk and corporate finance. Prior to Levis he worked at Gap and landed a job in Treasury trading out going to medical school (and years of not getting paid) and instead focusing on his passion for foreign exchange and capital markets due to his background in political economics and excessive world travel.

  • 2:40pm
    Refreshment break

    Sponsored by:

    US Bank

  • 3:10pm
    How to create a strategic treasury organization to support long term growth

    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.

    Matthew Harlan

    Matthew Harlan, Treasury Manager, Samsara Networks Inc.

    Matthew Harlan
    Matthew Harlan Samsara Networks Inc. Treasury Manager

  • 3:50pm
    KAL's closing

    KAL, the Economist’s resident cartoonist, has published over 8000 cartoons, many of them gracing the cover of the Economist year after year as well as appearing in well-known news organisations globally. He has drawn every major political figure in the last few decades and won awards around the world for his editorial and satirical coverage of political events. He is passionate about his work and the use of humor as an important tool in the defense of freedom of speech. He will take us on a current events trip using his art and show us that everyone has a cartoonist lurking in them. He will close out the event with a short drawing lesson where you will be able to draw and take home a ‘realistic’ caricature of a major political figure!

    Kevin Kallaugher

    Kevin Kallaugher, Editorial Cartoonist, The Economist

    Kevin Kallaugher
    Kevin Kallaugher The Economist Editorial Cartoonist

    Kevin Kallaugher (KAL) is the internationally award-winning editorial cartoonist for The Economist and the Baltimore Sun. In a distinguished career that spans 39 years, KAL has created over 8,000 cartoons and 140 magazine covers. His résumé includes six collections of his published work, exhibitions in a dozen countries, and awards and honours in seven. These awards include Feature Cartoonist of the Year in Britain, Cartoon of the Year in Europe, the Thomas Nast Prize in Germany and the 2017 Berryman Award for cartoonist of the year in the United States. A graduate of Harvard, he has created acclaimed animations and calendars, toured the United States with the Second City improv comedy troupe and addressed audiences around the world. The “World Encyclopedia of Cartoons” says of KAL, “Commanding a masterful style, Kallaugher stands among the premier caricaturists of the (twentieth) century.”

  • 5:00pm
    Conference closes

If you are a corporate treasurer with an interesting story to tell, then we would love to hear from you. Please email Jelena at jelenatararyko@eurofinance.com.