Agenda

If you are interested in becoming a speaker, please contact Paul Nicholson at [email protected].

 

8 July

Agenda

(Times in British Standard Time and Eastern Standard Time) BST (UTC + 01:00) EST (UTC - 05:00)

  • 1:00 - 1:30pm BST / 8:00 - 8:30am EST
    Introductory networking break

    Delegates can visit sponsor booths or set up one to one video meetings.

    Asif Chaudhury

    Asif Chaudhury, MD, EuroFinance

    Asif Chaudhury
    Asif Chaudhury EuroFinance MD

  • 1:30 - 2:00pm BST / 8:30 - 9:00am EST
    Treasury Leadership from Crisis to Recovery

    Strategic treasury has come of age in this crisis. At the core of the business, with hands firmly on the levers of liquidity, the treasurer is playing a key leadership role in the functioning of business on an intraday basis and also, significantly, on the future flow of cash, liquidity, and funding to maintain working capital positions in challenging markets. In this session treasury leaders from different sectors and regions give their perspectives on what treasury leadership looks like in a crisis, the steps they have taken to reduce risks within the business to prepare for recessionary forces, and how their executive boards have responded to their actions and recommendations in their plans for the recovery.

    Robert Novaria

    Robert Novaria, EuroFinance Tutor and Partner, Treasury Alliance Group

    Robert Novaria
    Robert Novaria Treasury Alliance Group EuroFinance Tutor and 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.

    Frances Hinden

    Frances Hinden, VP Treasury Operations, Shell

    Frances Hinden
    Frances Hinden Shell VP Treasury Operations

    Frances Hinden is VP, Treasury Operations for Shell and is responsible for liquidity and foreign exchange, cash management, banking arrangements, risk management, insurance, treasury policies and treasury advice across the Shell Group. A mathematician by training, Frances joined Shell in London as an IT graduate recruit in 1994. She has since worked across a variety of IT and finance roles including financial modelling, management information, strategy & planning, and Pensions. She joined Treasury in 2006 and moved to her current role in 2014. In her spare time Frances plays bridge to international standard and enjoys skiing, classical music and hill walking. Frances is also currently vice-chair of the Bank of England Risk Free Rates Working Group. She has an MSc in mathematics from Cambridge University is a Fellow of the Association of Corporate Treasurers.

    Naomi Holland

    Naomi Holland, International Treasurer & Senior Director of Tax, Intel Corporation

    Naomi Holland
    Naomi Holland Intel Corporation International Treasurer & Senior Director of Tax

    Naomi is Intel Corporation’s International Treasurer and Senior Director of Tax. As such is responsible for all non-US Treasury and Tax related areas including Operations, Planning, Fixed income Investment, Foreign Exchange Risk Management, Banking, Regulatory compliance, Structured Finance, and providing Business Support more generally. Her teams are based in The Netherlands, Ireland, Israel, India and China. Naomi joined Intel in 1996 and held a number of positions within the Treasury Organization, culminating in her role as ‘Intel Corporation EMEA Treasurer’. She then took a career break in 2007 to allow her focus on family life, which she combined with a number of Non-Executive Directorships and rejoined Intel Corporation in her current role in 2015. Naomi holds a Bachelor of Commerce degree from University College Dublin and is a Fellow of the Institute of Chartered Accountants of Ireland, having completed her training with PWC. In addition she is an external member of Trinity College Dublin’s Finance Committee.

    Bas Marteijn

    Bas Marteijn, Global Head of Corporate Cash Management Sales, Deutsche Bank

    Bas Marteijn
    Bas Marteijn Deutsche Bank Global Head of Corporate Cash Management Sales

    Bas Marteijn is the Global Head of Corporate Cash Management Sales since 2018, based in Frankfurt. Bas has served as the Global COO Cash Management & Germany COO Transaction Banking, operating from Frankfurt as well, before taking on his current role. Previous to these roles, Bas held various positions for Deutsche Bank in The Netherlands, amongst which; Head of Commercial Banking and Head of Trade Finance & Head Asset Based Finance. Bas studied General Economics at the University of Amsterdam, with specializations in Macroeconomics, Public Finance & Corporate Finance. He is married with Marianne and they have 2 sons.

  • 2:05 - 2:35pm BST / 9:05 - 9:35am EST
    Liquidity lifelines: adapting to change

    Fears that demand shocks will seize up liquidity have materialised in several worst hit sectors, notably travel, hotels, airlines and oil. Governments and central banks have been swift to act, slashing interest rates to near zero, and launching asset purchase programmes. The net effect has been to increase the liquidity facilities to domestic banks, large investment grade companies with high rated securities, and extend billions in loans to SMEs. These interventions have held up stock market confidence, with recent rallies reversing some of the early losses, whilst support for the credit markets, have enabled companies to issue record bond volumes. So how have treasurers adapted to the disruption and adjusted internal processes, controls, and technology to this new environment, to optimise liquidity lifelines – and what lessons can treasurers take from the crisis, as they build liquidity strategies for the recovery?

    Daniel Blumen

    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.

    Mark Kirkland

    Mark Kirkland, Group Treasurer, Constellium

    Mark Kirkland
    Mark Kirkland Constellium Group Treasurer

    Mark Kirkland is the Group Treasurer of Constellium since October 2012 responsible for Financial Risk Management, Cash Management, Corporate Finance, Credit Management and Insurance. Prior to joining Constellium, Mark served as the Group Treasurer and Head of Structured Finance of Bombardier Transportation in Switzerland and, before that as Head of Financial Risk and Cash Services with Philips Electronics in the Netherlands reporting to the Group Treasurer. Before entering corporate life, Mark worked nine years at Merrill Lynch in a number of roles including derivative structuring, building derivative models and commodity sales. Dr. Kirkland received his PhD in Stochastic Simulation and has an honours degree in Mathematics, both, from the University of Strathclyde in Glasgow, Scotland.

    Fred Schacknies

    Fred Schacknies, Former SVP and Treasurer, Hilton Worldwide

    Fred Schacknies
    Fred Schacknies Hilton Worldwide Former SVP and Treasurer

    Fred has over 20 years’ experience in global treasury management across various industries. He was formerly Senior Vice President & Treasurer at Hilton, supporting corporate treasury functions, as well as global pension investments and energy risk. In recent years, his team received the 2015 AFP Pinnacle Award Grand Prize, an Alexander Hamilton Award in Liquidity Management and an Adam Smith Award in Risk Management. Prior to joining Hilton in 2009, he held various treasury roles at Lucent Technologies and Constellation Energy. Fred holds an MBA in finance from New York University’s Stern School of Business and a BA in economics and international relations from Brown University.

  • 2:40 - 3:10pm BST / 9:40 - 10;10am EST
    Priorities for Treasury Tech: What Matters Now?

    Pre-pandemic all the treasury talk was of technology, and the incremental gains and efficiencies brought on by TMS, RPAs and APIs, if not the revolutionary leaps of AI, big data, blockchain and crypto. For companies that are experiencing deep demand shocks, the future model treasury seems a luxurious thought and is perhaps no longer the immediate priority. For companies that have strong technology already in place, priorities for digital treasury are on track. And evangelists of treasury digitisation will tell you that the cost savings and benefits in automated processes such as cash forecasting, account centralisation, dynamic hedging, digital payments and a host of other press button functions means that even in a crisis, technology matters. Even more so, when remote working and outsourcing are organisational pivots in lockdown treasury operations. So, what tech projects really matter to the treasury now? How has the pandemic reordered priorities, if at all? Are digitisation projects playing a vital role in the road to recovery? Here treasury and tech leaders discuss the priorities for treasury now and solutions that can help navigate treasury through the economic headwinds.

    David Blair

    David Blair, MD, Acarate

    David Blair
    David Blair Acarate MD

    David Blair puts his 25 years of treasury and management experience to work for a broad range of clients through Acarate in Singapore. After starting his career with Price Waterhouse, David went on to set up international treasury operations for ABB and Nokia. David became Group Treasurer at Nokia, and subsequently Vice President of Treasury at Huawei.

    Vincent Almering

    Vincent Almering, Group Treasurer, Interfood

    Vincent Almering
    Vincent Almering Interfood Group Treasurer

    Vincent Almering is currently the Group Treasurer of Interfood Holding B.V. a leading Dutch Dairy commodity trading firm with over 2€ Billion in turnover. He is responsible for the global treasury operations, bank relationships, risk management and works closely with commerce to structure commodity derivatives products and optimize the use of working capital. With over 14 years of experience in various finance roles at large multinationals and mid-size corporates, he is keen to understand complex business models and find ways to tackle tomorrow’s financial challenges. Vincent has a Master of Science degree in Industrial Engineering from the Technical University in Eindhoven, an Executive Master in Finance from TIAS Business school, and holds both the Registered Controller and Registered Treasurer title.

    Debbie Kaya

    Debbie Kaya, Senior Director of Treasury, Cisco

    Debbie Kaya
    Debbie Kaya Cisco Senior Director of Treasury

    Debbie is the Global Cash and Operations Director for Cisco Systems, Inc. based in San Jose, California. She is responsible for the Global Cash Management, as well as the investment and defined contribution (401k) operations. Debbie joined Cisco in 1999 and has held various roles throughout Cisco’s Finance Organization. She has worked in Sales Finance FP&A, Supply Chain Finance, and Treasury. In addition to working at Corporate Head Quarters in San Jose, Debbie worked within the Investment Operations team in Reno, Nevada and was the EMEA Cash Manager and acting APAC Cash Manager based in Amsterdam, The Netherlands. She has worked 20 plus years in the technology industry. Debbie holds a Bachelor of Science from The University of California, Los Angeles and a Masters in Business Administration from the Kelley School of Business at Indiana University.

  • 3:10 - 3:40pm BST / 10:10 - 10:40am EST
    Networking break

    Delegates can visit sponsor booths or set up one to one video meetings.

  • 3:40 - 4:10pm BST / 10:40 - 11:10am EST
    Mitigating FX Volatility in an Uncertain World

    Emerging market currencies have seen dramatic declines during the pandemic, with the South African rand and Mexican peso and Brazilian real falling sharply in local currency sell offs as investors flock to US dollar securities. Perhaps surprisingly, the US dollar index has not seen the lows of the great financial crisis of 2008 yet, but nevertheless, the current crisis might still create further currency fluctuations that will cause prescient treasurers to revisit FX strategies.  Stability in the currency market is also a function of central bank currency swap facilities that provide liquidity to domestic lenders funding assets denominated in foreign currencies. For the treasurer, the risk of asset prices declining due to currency drops, or cash forecasts dipping due to falling exchange rates, is all too real in an unpredictable world where countries are still to navigate the impact of coronavirus on their economies. In this session we hear from treasurers who have been re-evaluating their FX strategies designed for normal times, to manage the extraordinary potential for value risks in the G3 (dollar, euro, yen) and other major currencies as the economy moves towards its recessionary phase.

    Damian Glendinning

    Damian Glendinning, Principal, Treasury Matters

    Damian Glendinning
    Damian Glendinning Treasury Matters Principal

    After 21 years with IBM, Mr. Glendinning joined Lenovo in 2005 as Group Treasurer, based in Singapore, following the acquisition of IBM’s personal computer business. He held that position until his retirement in 2018. Mr. Glendinning is an FCCA and has a degree in French and Italian from Oxford University. He was president of the Association of Corporate Treasurers (Singapore) from 2010 to 2018, and is currently chairman of the advisory board of ComplexCountries, and principal of Treasury Matters.

    Tomer Amitai

    Tomer Amitai, SVP, Corporate Treasurer, Head of Insurance & Risk Management, Teva Pharmaceutical Industries

    Tomer Amitai
    Tomer Amitai Teva Pharmaceutical Industries SVP, Corporate Treasurer, Head of Insurance & Risk Management

    Tomer has been Teva’s Corporate Treasurer and Head of Insurance & Risk Management since 2018, overseeing a team of 50+ professionals globally. Prior to assuming the role of Corporate Treasurer, Tomer served for 4 years as SVP, Corporate Coordination & Support at the Office of Preseident & CEO of Teva. In this role, he managed strategic, transformation and business development activities, coordinated the interaction with Teva’s Executive Team and Board of Directors, as well as lead key cross-functional strategic projects and processes, cultivating collaboration, accessibility and professionalism in the Office and throughout the company. In parallel, Tomer managed all of Teva’s investor relations activities with the Israeli capital market. Tomer has been working with Teva for nearly 10 years. Prior to Joining the Office of the President and CEO, he served as Chief Operating Officer for Teva’s Global Finance Group, and before that he was part of Teva’s Global Treasury team. Prior to joining Teva, Tomer worked for Citibank in Israel as a securities product and sales manager, and before that, as a corporate and securities lawyer at Herzog Fox Neeman, one of Israel’s top law firms. Tomer is a certified member of the Israeli Bar. He holds an LLB (cum laude) and a BA in Economics from the Tel-Aviv University, and an Executive MBA degree in Financial Engineering, Banking and Capital Markets (cum laude) from the Hebrew University in Jerusalem. In 2014, Tomer was selected as one of the top 40 “under 40” leaders in Israel by leading Israeli economic newspapers.

    Takachida Kuhudzai

    Takachida Kuhudzai, Corporate Treasury Manager EMEA, Kimberly-Clark Corporation

    Takachida Kuhudzai
    Takachida Kuhudzai Kimberly-Clark Corporation Corporate Treasury Manager EMEA

    Takachida Kuhudzai is Corporate Treasury Manager, EMEA for Kimberly- Clark Corporation. Takachida leads strategic treasury activities for business units in Europe, Middle East & Africa covering foreign exchange risk management, capitalisation, funding, cash management and working capital. Takachida is also responsible for managing bank relationships across the EMEA region.

  • 4:15 - 4:40pm BST / 11:10 - 11:40am EST
    GT Working Group Sessions

    Join one of our working session groups, where like-minded attendees will meet to discuss current goals, challenges and share best practices.

    • Liquidity Management through the recession
    • Cash Forecasting in unpredictable times
    • Supply Chain Finance: a magic bullet?
    • Funding Strategies for working capital
    • Remote Treasury Management during the disruption
    • Treasury Tech – What helps now?

    Daniel Blumen

    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.

    Damian Glendinning

    Damian Glendinning, Principal, Treasury Matters

    Damian Glendinning
    Damian Glendinning Treasury Matters Principal

    After 21 years with IBM, Mr. Glendinning joined Lenovo in 2005 as Group Treasurer, based in Singapore, following the acquisition of IBM’s personal computer business. He held that position until his retirement in 2018. Mr. Glendinning is an FCCA and has a degree in French and Italian from Oxford University. He was president of the Association of Corporate Treasurers (Singapore) from 2010 to 2018, and is currently chairman of the advisory board of ComplexCountries, and principal of Treasury Matters.

    Edwin Veenman

    Edwin Veenman, Independent Treasury & Finance Executive,

    Edwin Veenman
    Edwin Veenman Independent Treasury & Finance Executive

    Robert Novaria

    Robert Novaria, EuroFinance Tutor and Partner, Treasury Alliance Group

    Robert Novaria
    Robert Novaria Treasury Alliance Group EuroFinance Tutor and 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.

    Victor Penna

    Victor Penna, Global Head of Structured (Digital) Solutions Development, Standard Chartered

    Victor Penna
    Victor Penna Standard Chartered Global Head of Structured (Digital) Solutions Development

    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.

    David Blair

    David Blair, MD, Acarate

    David Blair
    David Blair Acarate MD

    David Blair puts his 25 years of treasury and management experience to work for a broad range of clients through Acarate in Singapore. After starting his career with Price Waterhouse, David went on to set up international treasury operations for ABB and Nokia. David became Group Treasurer at Nokia, and subsequently Vice President of Treasury at Huawei.

  • 4:45 - 5:15pm BST / 11:45 - 12:15pm EST
    Supply Chains that Liberate Treasuries?

    If SMEs in global supply chains are going out of business due to a fall in demand, then the recovery will be long and protracted. In the early weeks of the pandemic, China’s Q1 output fell by a jolting 8.4 percent. Yet much of China’s factories are back up and running, even if orders are down as the lockdown lifts. In the US and Europe, the opportunity for global corporations to finance supply chains with relatively cheaper funding than smaller companies can borrow in the loan markets, might prove crucial in accelerating business as usual. For companies that seek to hold on to cash for working capital by extending DPOs, factoring invoices to inject liquidity to suppliers is a short term strategy to keep businesses from going under. So will the pandemic see a rapid expansion of supply chain finance programmes and will banks support factoring initiatives? In this session we hear from large companies, SMEs and banks, to gain insight into how SCF will play out in the year ahead.

    Tamara A.S. Saront-Eisner

    Tamara A.S. Saront-Eisner, VP and Treasurer US and Americas Hub, Air Liquide

    Tamara A.S. Saront-Eisner
    Tamara A.S. Saront-Eisner Air Liquide VP and Treasurer US and Americas Hub

    Tamara Saront-Eisner is the leading expert on treasury matters for the Americas Hub at Air Liquide, the world leader in industrial gasses. This Hub represents more than 40% of the group’s consolidated revenue after the successful acquisition of Airgas, Inc in 2016. Tamara joined Air Liquide in 2015 as VP and Treasurer with a responsibility to lead the treasury functions in all the Americas, with special focus on cash management, trade finance, risk management, regulation, pensions, intercompany lending and project review support. Tamara coordinates countries across the continent to optimize efficiencies of the treasury and finance functions. Her responsibilities also include domestic, international cash pooling, forecasting, banking and foreign exchange and commodity price risk management. Tamara came to Air Liquide from Repsol, an integrated oil and gas company headquartered in Spain. She held strategic and operational finance positions in international and domestic assignments. She developed a successful career with Repsol that started in Buenos Aires, Argentina. Tamara gained increasing responsibilities and was part of the first group of executives to start operations in the US as the local CFO. She was later promoted to Regional Treasurer, covering the US and Canada. She has recently been recognized as one of “Houston’s 50 Most Influential Women” of 2016 by Houston Women Magazine. .She is the current Past President of the Houston chapter of Women’s Energy Network, a 22-year-old non-profit organization focused in promoting and fostering professional women in the energy industry. She has also been involved in the Association of Financial Professional (AFP) and was a member of the task forces for its 2011 and 2012 Annual Conferences. Tamara is passionate about helping and mentoring others. She is focused on promoting STEM (Science, Technology, Engineering and Mathematics) participation by girls and regularly shares time in Air Liquide’s diversity groups. She received her B.A. in Economics from University of San Andres, Argentina and her MSc in Economics from the London School of Economics (LSE), UK. She is also fluent in Spanish, French and Portuguese. Tamara lives in Houston with her husband, Pablo, and their two daughters Elizabeth and Sabrina. In her spare time, she enjoys skiing, reading and travelling and as a mother, all activities in which her children show interest.

    Helena Ramos

    Helena Ramos, Director of Treasury & Credit Risk Management, Impresa

    Helena Ramos
    Helena Ramos Impresa Director of Treasury & Credit Risk Management

    Helena is Director of Treasury & Credit Risk Management at Impresa. Helena is responsible for various treasury functions, including the management of global cash & banking, capital planning, trade finance, risk finance strategies, liquidity solutions and funding. Helena is also responsible for the development of technology solutions to improve global treasury processes and transactions. Prior to joining Impresa in 2007, Helena held treasury positions at Brandia Central and GSK.

    Michele Antognoli

    Michele Antognoli, Vice-President of International Markets Department, BFF Banking Group

    Michele Antognoli
    Michele Antognoli BFF Banking Group Vice-President of International Markets Department

    Michele Antognoli joined BFF Banking Group in 2015 and has served the company in different roles, until he was appointed VP International Markets in 2018. Before joining the Group, he spent 3 years at Zurich Insurance (2012-2015) as Strategy Manager. He began his professional career as a Business Analyst in Bain & Company. He is a Professional Accountant and Auditor. Mr. Antognoli holds a PhD in Banking, Insurance and Securities Markets from the University of Pisa; he graduated cum laude in Economics at Sant’Anna School of Advanced Studies. He spent a period of studies also at the Autonomous University of Barcelona and at the London School of Economics.

    Edwin Veenman

    Edwin Veenman, Independent Treasury & Finance Executive,

    Edwin Veenman
    Edwin Veenman Independent Treasury & Finance Executive

  • 5:15pm BST / 12:15pm EST
    Coronanomics: Predictions for the recession and recovery

    Predictions on the economic fallout of the coronavirus pandemic vary from those that forecast a great depression as severe as the 1929-39 period, to more optimistic scenarios that model a V shape recovery with the global economy bouncing back to strong growth mid-2021. The IMF’s World Economic Outlook 2020 projects a global contraction of 3 percent over next 12 months, with a 5.8 percent growth in the latter half of next year. The severity of the downturn will also vary in severity across different sectors and regions, with the deepest contraction in Europe at -7.5 percent, and the strongest recovery in China at 9.2 percent growth in 2021. Yet all of this is predicated on the virus threat disappearing next year, due to drugs or vaccines that enable normality to return. In this keynote address, we model the various scenarios into the recession and recovery, touching on the probable, the possible and the predictable, as well as the factors that might blow out the models and create ongoing volatility long into the forecasts. Crucially we put this in the context of the impact on companies large and small, across multiple regions and sectors.

    John Ferguson

    John Ferguson, Director of Macroeconomics, EIU

    John Ferguson
    John Ferguson EIU Director of Macroeconomics

    Paul Nicholson

    Paul Nicholson, Senior Content Producer, EuroFinance

    Paul Nicholson
    Paul Nicholson EuroFinance Senior Content Producer

  • 5:45pm BST / 12:45pm EST
    Networking Break

    Delegates can visit sponsor booths or set up one to one video meetings.

  • 6:15pm / 1:15pm EST
    End of Day 1

9 July

Agenda

(Times in British Standard Time and Eastern Standard Time) BST (UTC + 01:00) EST (UTC - 05:00)

  • 1:00 - 1:30pm BST / 8:00 - 8:30am EST
    Introductory networking break

    Delegates can visit sponsor booths or set up one to one video meetings.

  • 1:30 - 2:00pm BST / 8:30 - 9:00am EST
    Sustainable Risk Management

    Treasurers have seen risk management frameworks tested by the shocks of the pandemic across the spectrum of operations, including liquidity management, funding, fx hedging and investing. Greater scrutiny of risk management policies and processes in treasury, also comes at a time when sustainability is rising to the top of corporate agendas. Underpinning risk management with sustainability criteria however requires an alignment of ESG principles that are reflected in practical treasury applications. Whilst many treasurers are familiar with sustainable bonds and loans, in this session, we go beyond the funding markets to hear how treasurers can now adopt sustainable risk management policies and practices in day to day operations, such as FX and investing, and discuss the benefits they bring to the treasury.

    Caroline Mwanza

    Caroline Mwanza, Finance Advisor, Action Aid

    Caroline Mwanza
    Caroline Mwanza Action Aid Finance Advisor

    Carol is a Finance Advisor at ActionAid International, an international non-governmental NGO that has presence in 45 countries working to address poverty and injustice. Prior to her current role, Carol was part of ActionAid’s Treasury team where she successfully managed federation-wide treasury function. Carol holds an MBA (Finance) and a Bachelors in Economics. She is a Certified Public Accountant. In her free time, Carol enjoys gardening and spending time with her family.

    Annemarie Moore

    Annemarie Moore, Director, Plan International

    Annemarie Moore
    Annemarie Moore Plan International Director

    Desiree Pires

    Desiree Pires, Managing Director, Head Europe Corporate Sales, Financial Markets, Standard Chartered

    Desiree Pires
    Desiree Pires Standard Chartered Managing Director, Head Europe Corporate Sales, Financial Markets

    Chris Leeds

    Chris Leeds, Commodities Risk Management, Standarad Chartered Bank

    Chris Leeds
    Chris Leeds Standarad Chartered Bank Commodities Risk Management

    Chris joined Standard Chartered in August 2011 and provides commodity risk management services to the Bank’s clients across EMEA. Chris’s experience in the commodity industry spans over 25 years in sales and trading. At Standard Chartered, Chris has built up the Bank’s energy risk management platform, providing services for state-owned and merchant refiners, oil producers, airlines, utilities and shipping companies. Previously Chris was with Barclays where he held a number senior commodity positions, including Director Commodity Sales and Head of Environmental Markets Sales. Prior to Barclays, Chris was with Merrill Lynch where he traded power, gas and carbon emissions. He also worked as a base metals trader for a number of years before moving to energy. He has a strong understanding of commodity trade flows, managing price risk and working with clients across commodities

  • 2:05 - 2:35pm BST / 9:05 - 9:35am EST
    Cash Management and Forecasting for the Unknown

    Cash is king in a recessionary environment where liquidity is paramount. Treasurers spending long days forecasting differing demand scenarios to manage cash contingencies as markets oscillate, are the captains of corporate liquidity in uncharted waters. The known levers of cash management, such as repatriation of overseas cash, releasing ‘trapped funds’ and cash pooling, are well understood. Yet the ability to create accurate cash forecasts in uncertain markets, where unpredictable Covid related factors weigh on recessionary and recovery scenarios, is a difficult alchemy. In this session, we hear from treasurers navigating the unknowns, and explore their strategies, tools and tips, for forecasting into the future beyond the pandemic.

    Damian Glendinning

    Damian Glendinning, Principal, Treasury Matters

    Damian Glendinning
    Damian Glendinning Treasury Matters Principal

    After 21 years with IBM, Mr. Glendinning joined Lenovo in 2005 as Group Treasurer, based in Singapore, following the acquisition of IBM’s personal computer business. He held that position until his retirement in 2018. Mr. Glendinning is an FCCA and has a degree in French and Italian from Oxford University. He was president of the Association of Corporate Treasurers (Singapore) from 2010 to 2018, and is currently chairman of the advisory board of ComplexCountries, and principal of Treasury Matters.

    Jan Beukes

    Jan Beukes, Group Treasurer, MultiChoice Group

    Jan Beukes
    Jan Beukes MultiChoice Group Group Treasurer

    Jan is MultiChoice’s Group Treasurer and is responsible for managing a centralised treasury team overseeing all areas including cash & liquidity management, foreign exchange risk management, bank relationships and central bank engagement. MultiChoice is listed on the Johannesburg Stock Exchange and is Africa’s leading entertainment company. The Group creates and secure the rights to phenomenal content from all over the world. This gets delivered through its Direct To Home (DTH), Digital Terrestrial Television (DTT) and online video entertainment services. The Group’s entertainment platforms - are a hub for approximately 19.5 million households across 50 countries. Through Irdeto, they are a world leader in digital platform security for video entertainment, video games, connected transport and IoT connected industries. The treasury team is based in Johannesburg, South Africa. Jan joined the MultiChoice Group in 2018 and has close to 8 years multinational Group Treasurer experience. Jan is a Chartered Accountant [CA(SA)] and also holds a Masters Degree in Forensic Accounting.

    Han Hoestra

    Han Hoestra, Director Treasury Europe, Prologis

    Han Hoestra
    Han Hoestra Prologis Director Treasury Europe

  • 2:35 - 3:05pm BST / 9:35 - 10:05am EST
    Networking break

    Delegates can visit sponsor booths or set up one to one video meetings.

  • 3:05 - 3:35pm BST / 10:05 - 10:35am EST
    Long and Short Term Funding Strategies for Treasurers

    The treasurer’s toolbox is full of short term fixes for liquidity issues in normal times, but in this crisis, those tools are becoming more expensive to use and potentially less effective. Renegotiating loan covenants with lenders, shortening the cash conversion cycle by selling inventory, lengthening DPOs to hold on to short term liquidity, placing assets in repo markets, issuing commercial paper, conducting carry trades, and FX arbitrage are all tools that can potentially help, but are not without risks. On longer term funding strategies, the lexicon of bonds at low rates provides great opportunities for innovation, including social and education bonds! In this session we ask Treasurers to discuss the strategies for funding and how they manage the associated risks in this downturn.

    Robert Novaria

    Robert Novaria, EuroFinance Tutor and Partner, Treasury Alliance Group

    Robert Novaria
    Robert Novaria Treasury Alliance Group EuroFinance Tutor and 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.

    Christine Rovelli

    Christine Rovelli, VP, Group Treasurer, Finnair

    Christine Rovelli
    Christine Rovelli Finnair VP, Group Treasurer

    Christine is currently the Vice President and Group Treasurer of Finnair Oyj, the flag carrier of Finland. Christine has played a key role in the Company’s capital structure and strategy efforts, managing a team responsible for secured and unsecured financing in the bank and capital markets, liquidity management, cash management and payment systems, the Finnair pension fund, implementation of accounting standards such as IFRS 9 and 16, and the hedging of Finnair’s jet fuel, interest rate and currency exposures. Prior to joining Finnair in 2012, Christine worked in investment banking in London and New York, advising airlines, aircraft lessors, shipping companies, and logistics providers on M&A and capital markets transactions. Christine is based in Helsinki and has an MBA from the University of Chicago’s Booth School of Business with concentrations in Analytic Finance and Accounting, and a Bachelor’s degree from the University of Illinois at Urbana-Champaign.

    Ramón Tolk

    Ramón Tolk, Senior Treasury Director, Avery Dennison

    Ramón Tolk
    Ramón Tolk Avery Dennison Senior Treasury Director

    Ramón is leading the EMEA Treasury team for Avery Dennison, an US multinational company operating in over 50 countries. Avery Dennison is a global manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. In his role, has led multiple transformational initiatives, including Working Capital Optimization, setting-up Bank Relationship Management, implementing a FX hedging approach based on Value at Risk with the aim to save on hedging cost, tender processes for both Global Cash Management and a Treasury Management System and optimization of the intercompany capital structure. Prior to joining Avery Dennison, Ramón has held multiple roles at corporates in the area of Treasury and Financial Reporting as well as Treasury consultant and external auditor with a Big 4. Ramón holds a master degree in business economics and is a Chartered Accountant.

    James Kelly

    James Kelly, Group Treasurer, Pearson

    James Kelly
    James Kelly Pearson Group Treasurer

  • 3:40 - 4:10pm BST / 10:40 - 11:10am EST
    Regional Management in a Global Crisis: Coordinating the Recovery

    Regional recovery will be as uneven as the global recession, according to composite leading indicators at the OECD. Whilst the recession will be deepest in Europe, the US will recover mid 2021 and Asia recover fastest. For regional treasurers of global companies, working through differing recessionary and recovery cycles, international coordination of treasury strategies to manage the impacts of the crisis on the business, might prove to be critical in avoiding an unequal return to pre-pandemic levels. In this session we hear the perspectives of 3 regional treasurers, representing the US, EMEA and APAC, on their strategies for regional recovery and their coordinated approach to unify treasury responses as the pandemic plays out globally.

    David Blair

    David Blair, MD, Acarate

    David Blair
    David Blair Acarate MD

    David Blair puts his 25 years of treasury and management experience to work for a broad range of clients through Acarate in Singapore. After starting his career with Price Waterhouse, David went on to set up international treasury operations for ABB and Nokia. David became Group Treasurer at Nokia, and subsequently Vice President of Treasury at Huawei.

    Cathy Fields

    Cathy Fields, Assistant Treasurer & Director Of Global Risk Management, Hitachi Vantara LLC

    Cathy Fields
    Cathy Fields Hitachi Vantara LLC Assistant Treasurer & Director Of Global Risk Management

    Cathy has been involved with Treasury or Treasury related functions in a multi-national environment for 30+ years. She is currently the Assistant Treasurer and Director of Global Risk Management at Hitachi Vantara LLC. She is responsible for Global Treasury Operations which includes Banking, FX Strategies, Cash and Liquidity Management, Debt, Investments, Insurance Risk Management and anything else Treasury needs to do to support the company’s continued growth throughout the world. Cathy is currently on assignment in Singapore, helping to lead a Treasury transformation project for Hitachi Ltd. the Japan parent for Hitachi Vantara LLC. Cathy has a BS in Exercise Physiology from California State University Fullerton and earned her MBA in International Business from National University. Cathy has held her CTP certification (formerly CCM) since 1998.

    Staney Pullolickel

    Staney Pullolickel, Regional Treasurer (Commercial)- Asia, MENAT and SSA, GE

    Staney Pullolickel
    Staney Pullolickel GE Regional Treasurer (Commercial)- Asia, MENAT and SSA

    A well regarded Treasury and banking professional with over 20 years of experience on both sides of the spectrum i.e. at banks (operations, implementation, product and sales) and Treasury at General Electric company, providing expertise for all businesses needs on the Treasury front- across, Asia, MENAT and SSA. Staney joined GE in 2007, he has extensive exposure and responsibility towards business cash, trade, FX and financing needs across business segments, with an in depth understanding of business operations, challenges and needs across emerging markets. In his current role at GE, he is based in the U.A.E and is responsible for Treasury related asks enabling commercial wins and aiding the demand creation process. The tough markets do provide him with the opportunity to collaborate with partners across the market and structure innovative solutions, especially on the trade front. He was recognized with the Triple A Award for the Treasurer of the year (Regional) by The Asset magazine in 2017 and Highly Commended Treasury Professional of the Year: Private Sector 2019 by The Association of Corporate Treasurers.

    Xuelin Chen

    Xuelin Chen, Director, Group Treasury, Trip.com Group Ltd.

    Xuelin Chen
    Xuelin Chen Trip.com Group Ltd. Director, Group Treasury

    Xuelin is Head of Treasury for Trip.com Group Ltd, the biggest OTA from Asia with international presence. She has overall responsibilities for financial risk management, debt capital market, cash management and banking relationships. With the Group’s globalization business strategy, Xuelin leads various transformation projects from FX hedging practices, capital structure review to redesign of global banking landscape to accommodate the company’s rapid oversea expansion. Xuelin holds a master degree in Banking & Finance from University of Lausanne in Switzerland and she is a qualified AMCT.

  • 4:15 - 4:40pm BST / 11:10 - 11:40am EST
    GT Working Group Sessions

    Join one of our working session groups, where like-minded attendees will meet to discuss current goals, challenges and share best practices.

    • Liquidity Management through the recession
    • Cash Forecasting in unpredictable times
    • Supply Chain Finance: a magic bullet?
    • Funding Strategies for working capital
    • Remote Treasury Management during the disruption
    • Treasury Tech – What helps now?

    Daniel Blumen

    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.

    Damian Glendinning

    Damian Glendinning, Principal, Treasury Matters

    Damian Glendinning
    Damian Glendinning Treasury Matters Principal

    After 21 years with IBM, Mr. Glendinning joined Lenovo in 2005 as Group Treasurer, based in Singapore, following the acquisition of IBM’s personal computer business. He held that position until his retirement in 2018. Mr. Glendinning is an FCCA and has a degree in French and Italian from Oxford University. He was president of the Association of Corporate Treasurers (Singapore) from 2010 to 2018, and is currently chairman of the advisory board of ComplexCountries, and principal of Treasury Matters.

    Edwin Veenman

    Edwin Veenman, Independent Treasury & Finance Executive,

    Edwin Veenman
    Edwin Veenman Independent Treasury & Finance Executive

    Robert Novaria

    Robert Novaria, EuroFinance Tutor and Partner, Treasury Alliance Group

    Robert Novaria
    Robert Novaria Treasury Alliance Group EuroFinance Tutor and 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.

    Victor Penna

    Victor Penna, Global Head of Structured (Digital) Solutions Development, Standard Chartered

    Victor Penna
    Victor Penna Standard Chartered Global Head of Structured (Digital) Solutions Development

    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.

    David Blair

    David Blair, MD, Acarate

    David Blair
    David Blair Acarate MD

    David Blair puts his 25 years of treasury and management experience to work for a broad range of clients through Acarate in Singapore. After starting his career with Price Waterhouse, David went on to set up international treasury operations for ABB and Nokia. David became Group Treasurer at Nokia, and subsequently Vice President of Treasury at Huawei.

  • 4:45 - 5:15pm BST / 11:45 - 12:15pm EST
    Automating Payment Systems for Working Capital Optimisation

    Dramatic shifts in working patterns and practices due to pandemic disruption has highlighted an urgent need for remote treasury teams to collaborate on fine tuning payment systems across the organisation. Treasurers that are connected and logged on to payment systems that are linked to suppliers, and e-document and e-signature enabled are executing business fast and efficiently and gaining competitive advantage. Critically optimising cash conversion cycles to maintain liquidity is paramount. For treasuries that have digital payment solutions in place, the covid crisis has been less disruptive, where systems can quickly adapt and respond to remote operations, compared to solutions that require manual interventions. In the era of virtual accounts and automated payments, the handling of paper in the world of business payments is surprisingly prevalent, where over 50 percent of AP systems in the US issue paper checks. Yet the crisis is dispelling inertia and providing an imperative for treasurers to rapidly adopt digital payment solutions to manage DPOs efficiently for working capital optimisation. But how do you project manage payment systems optimisation at distance during a global crisis? In this session we ask treasurers how they are fine tuning payment solutions from their remote silos.

    Daniel Blumen

    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.

    Lorena Perez Sandroni

    Lorena Perez Sandroni, Treasurer EMEAR, EPSON Europe B.V.

    Lorena Perez Sandroni
    Lorena Perez Sandroni EPSON Europe B.V. Treasurer EMEAR

    Lorena is passioned about her professional career in international corporate treasury environments. She has built extensive experience in Corporate Treasury departments of listed companies such as Ferrovial SA, Laureate International Education Ltd. Expertise in implementing Business Intelligence projects, systems integration and process optimization. Lorena is currently working as EMEAR Treasurer for Epson Europe BV. intending to add value to the company applying new technologies.

    Patrick Kunz

    Patrick Kunz, Treasurer a.i., Takeaway.com, MD Pecunia Treasury & Finance BV, Takeaway.com

    Patrick Kunz
    Patrick Kunz Takeaway.com Treasurer a.i., Takeaway.com, MD Pecunia Treasury & Finance BV

    Patrick is managing director of Pecunia Treasury & Finance and Treasury-as-a-service.com. He acts as interim treasurer and treasury consultant for multinationals, SME's and non-profit organisations. Pecunia offers both treasury consultancy and interim support from junior to senior consultants and also implementation support for TMS or payment hubs and cloud FX trading/international payments. As an interim manager Patrick has been with many companies in his career. Projects he has led include: cash management optimization, corporate (re)financings, FX optimisations, Treasury management system implementations, negotiation of bank costs and tenders. Patrick holds a masters degree in international business and a post-doc degree in Financial Risk Management (FRM). Next to that Patrick is charterholder for the qualified treasurer title.

    Alex Wong

    Alex Wong, EMEA GTS Head Of Product Management - Corporates, Bank of America

    Alex Wong
    Alex Wong Bank of America EMEA GTS Head Of Product Management - Corporates

    Alex Wong leads the GTS EMEA Corporates Product Management team. He works closely with clients and the GTS Sales team with a consultative approach to working capital management solutions. Alex has been working with clients on payment solutions with client for 10 years and has been in product management roles in transaction banking since 2003.

  • 5:15pm BST / 12:15pm EST
    Virtual networking break

    Delegates can visit sponsor booths or set up one to one video meetings.

  • 6:15pm BST / 1:15pm EST
    Summit concludes