Treasury Talks podcast series: Recent Episodes
Treasury Today Group
Treasury Talks is a new podcast series brought to you by Treasury Today magazine, the leading global provider of corporate treasury and financial information. A must listen for all corporate treasurers, finance directors and CFOs, each episode brings you different voices from the world of treasury debating the topics of the day. Look for our podcast in the Podcasts app or in the iTunes Store
Our 2025 Women in Treasury & Finance EMEA Forum brought together leading voices from across the region to celebrate excellence, connection and progress in the industry. In this podcast episode, take a walk through the day’s highlights and hear inspiring snippets from our panel discussion.
Our 2025 Women in Treasury & Finance Forum in July brought together our APAC community to celebrate our Within Award winners and discuss the level of progress in the industry. Listen to some of the key highlights from the panel discussion.
AI is transforming everything from liquidity management to regulatory compliance and making treasury functions more agile and forward-looking. Vibhor Narang, Lead, Structured Solutions, Transaction Banking, at Standard Chartered is supporting the banks’ European clients to combine conventional treasury with the cutting-edge technology to deliver smarter, faster and more secure solutions. In conversation with Treasury Today, Vibhor outlines the stunning potential.
The explosive rise in cross-border payments driven by the evolution in e-commerce and new trade corridors has created a new payments landscape characterised by innovations like QR-based payments, FX conversion and multi-currency payments, mobile wallets and account validation. Standard Chartered’s Anand Natarajan and Michael Oskar Kleinsteuber explain the technological and regulatory changes supporting and shaping cross-border payments.
Siemens, a global leading technology company, is using Distributed Ledger Technology (DLT) to make payments in dollars and euros. Blockchain is typically associated with bitcoin, but treasury teams can use it to make payments in traditional currencies and harness the benefits or real time payments, programmability and tokenization.
In our final chapter of this year's Women in Treasury tour, the US Forum took place on 12th October in New York. This featured a sponsored welcome reception and inspiring fireside chat with IFC, followed by an awards presentation celebrating our 2024 Within Award winners for The Americas. In the panel discussion, four industry experts shared their career journeys and discussed some of the key issues surrounding mental health, culture and personal power.
In September, treasury professionals from across the region gathered for the annual Women in Treasury EMEA Forum to discuss diversity, equity and inclusion and celebrate our 2024 Within Award winners. In the panel discussion, four industry experts share their experiences and discuss the challenge of difficult leadership and dealing with discrimination.
AI is set to transform transaction banking staples including cash and liquidity management and trade finance. The best place for treasury to start harnessing the advantages is developing a map of treasury workflows and developing a data strategy, say Standard Chartered’s transaction banking sales team, Executive Director Amy Beninato and Managing Director Karen Hom. They began by discussing the changes AI promises.
In the first episode of our new podcast series, we speak to Yang Xu, CFO at the Straumann Group, exploring her progression from her early years in China to a career in finance and the skills needed to be a successful leader. We also discuss her recent move to Switzerland and how moving for work can excel your career.
Our 2024 Women in Treasury APAC Forum took place in July, with sponsored welcome reception and special fireside chat with MUFG and a presentation celebrating our 2024 APAC Within Award winners. In the panel discussion, four industry experts shared their career journeys and explored topics such as menopause and neurodivergence.
Marion Reuter, Standard Chartered’s Regional Head of Transaction Banking Sales UK/Europe, and Desiree Pires, Head of Corporate Sales, Markets also in Europe, outline the steps MNCs can take to reduce the risk of trapped cash.
Standard Chartered’s Richard Stansbury and Sunday Domingo discuss the industry shift to ISO 20022, the possible use cases corporate treasurers should be looking at, and how companies can prepare for the new standard.
On 12th October, Treasury Today Group concluded their 2023 global Women in Treasury tour with their US Forum, hosted in New York. Our four key industry experts discussed their career paths and offered advice around mentoring and the challenges of career and family life.
On 14th September, Treasury Today Group hosted their eleventh The Women in Treasury EMEA Forum in London. We celebrated our Women of the Year EMEA award winners and presented an exciting panel discussion with four industry experts, discussing equity, leadership and their career paths.
The Women in Treasury APAC Forum 2023, held in Singapore on 13th July, saw treasury experts from across the Asia Pacific region gather to champion female achievement. A new format for the event included a guest speaker fire-side chat and a presentation of our Women of the Year Awards for APAC. Our four key speakers on the panel discussed their career stories and shared their thoughts on diversity and inclusion.
This is awarded to a company which is that little bit different, doesn’t quite fit one of the other categories and is recognised by our judges as a result of the specific field in which the company operates, the particular solution it has implemented or simply because it stands out as being different.
[01:51] Overall Winner – Olam Group. Their partner Ricky Kaura, Standard Chartered talks about their winning collaboration and solution.
This category looks at how a company has implemented a treasury related solution, or is in the process of being implemented, on a regional basis – a regional solution is defined as five countries or more.
[01:38] Overall Winner – Daniel Teo, Bridgestone Asia with [03:12] Lillian Sim, J.P. Morgan.
[05:16] Highly Commended Winner – BYD Company. Their partner Amy Hu, Citi talks about their winning collaboration and solution.
[08:32] Highly Commended Winner – Garrett Motion. Their partner Clara Wong, J.P. Morgan talks about their winning collaboration and solution.
This category looks at foreign exchange and could be the use of technology, a new process, change to a hedging strategy or a new FX requirement as a result of entering a new market or dealing with a new currency and/or client/supplier.
[01:28] Overall Winner – Xiaomi Corporation. Their partner Ji Yang, Citi speaks about their winning collaboration and solution.
[04:07] Highly Commended Winner – Kuaishou Technology. Their partner Carol Wong, J.P. Morgan speaks about their winning collaboration and solution.
[07:04] Highly Commended Winner – Nike. Their partner May May Pang, J.P. Morgan speaks about their winning collaboration and solution.
In this episode, we take a look at the overall and highly commended winners of our best digitisation solution, another new category for 2022 to address the emerging digital solutions. Perhaps the company has reengineered its processes, where digitisation is a key enabler. Perhaps the use of API’s is central to the solution, or maybe the company has deployed a mobile technology solution. We have heard much about Fintech revolution, open banking, artificial intelligence, big data analytics, robotics and RPA, API’s, blockchain and other distributed ledger technologies, but what is really happening with digitisation?
[01:46] Overall Winner – DTOne. Their partner Bob Stark, Kyriba talks about their winning collaboration and solution.
[03:14] Highly Commended Winner – Nitin Sethi, Adani Digital Labs with [06:10] Allan DSilva, Citi.
[10:50] Highly Commended Winner – Chirag Dhoot, Treasury Manager, GSK.
[15:24] Highly Commended Winner – TFG Marine. Their partner Siang Hui, DBS talks about their winning collaboration and solution.
Companies in Asia are looking to increase the efficiency of their liquidity management practices while minimising risk. This requires a combination of intelligent systems, real-time solutions and expert guidance, says Citi’s Sandip Patil, Asia Pacific Liquidity Management Services Head and Digital Assets Lead.
This category looks at sustainability and how corporate treasury can play it’s part in addressing ESG issues, climate change and CO2 emissions.
[01:23] Overall Winner – Bee Lin, Senior Manager, Investor Relations, Lendlease Global Commercial REIT with [04:48] Melvin Dineshraj, Citi and [06:07] Mark Yeo, OCBC.
[08:26] Highly Commended Winner – Louis Dreyfus Company. Their partner Ashish Pandey, Citi speaks about their winning collaboration and solution.
[11:54] Highly Commended Winner – Purecircle. Their partner Sean Kim, Bank of America speaks about their winning collaboration and solution.
Technology is a key component in many of the submissions we receive and is always a hotly contested category. We see projects ranging from the use of APIs and RPA to full-blown treasury technology transformation involving TMS and ERP integration and much more.
[01:17] Overall Winner – Louis Khoo, Director, Kimly Construction Pte Ltd with [04:42] Poh Yee Ng, UOB.
[08:06] Highly Commended Winner – Abbott Malaysia. Their partner Hani Abd Karim, Bank of America speaks about their winning collaboration and solution.
[11:52] Highly Commended Winner – Suki Teh, Senior Finance Transformation Manager, Borneo Motors with [16:35] Ricky Kaura, Standard Chartered.
[20:19] Highly Commended Winner – e-Bullion India Pvt Ltd. Their partner Yogesh Lakhani, DBS speaks about their winning collaboration and solution.
Local companies growing in the Middle East and Africa need to have the right support in fulfilling their regional – and potentially global – ambitions. Two treasury experts from Citi explain the region’s potential, what the needs of such companies are, and how the bank successfully combines its on-the-ground presence with global knowledge to enable such companies to become emerging market champions.
Trading international can be challenging and the past 12 months or so has really shone a light on supply chains. The buyer seller relationship has never been more important, and we've seen a number of innovative solutions emerge from distributor finance, pre-shipment finance and receivables discounting to forfaiting, factoring and payables finance.
[01:18] Overall Winner – Hindustan Unilever Limited, with Rohan Kamra, C2FO.
[03:06] Highly Commended Winner – HCL Technologies Ltd, with Rajiv Warrier, J.P. Morgan.
[05:33] Highly Commended Winner – Elizabeth Heng, Director, Archipelago Rubber Trading Pte Ltd, with [09:15] Poh Yee Ng, UOB.
This category is extended this year to include short, medium and long term investments that showcase how organisations have optimised and or diversified their investment portfolio, particularly important in a low or negative interest rate environment. We look at how they've addressed the trade-off between the yield, liquidity, cash preservation and counterparty risk, or perhaps consider ESG factors when investing.
[01:28] Overall Winner – Ying Xue, Managing Partner, InnoVen Capital with [05:45] Adrian Ong, UOB.
[07:34] Highly Commended Winner – Royal Enfield (Eicher Motors Ltd), with Manav Khurana, C2FO.
This is a new category for 2022 which looks at how companies manage/forecast its cash, working capital and how it makes and receives payments whether in a single or multi-purpose solution.
[01:32] - Highly Commended Winner – Ivan Tan, Managing Director, SP Digital, SP Group with (05:46) Adrian Ong, UOB
[08:40] - Highly Commended Winner – Zhang Lin, Senior Finance Director, Zoetis with (11:43) Lillian Sim, J.P. Morgan
This category covers any cash pooling solution; notional and/or physical. It could be a simple single currency/single country solution or regional/global, multi-entity/multi-currency solution.
[01:30] Overall Winner – Nicholas Hardy, Director Asia Pacific Treasury, Marsh McLenna with [04:09] Puja Sherwani, HSBC.
[07:45] Highly Commended Winner – Socfin Group. Their partner Adrian Ong, UOB speaks about their winner collaboration and solution.
Our most prestigious and always fiercely-contested category. Here we recognise a corporate treasury team that has made an outstanding contribution to its organisation over the past 12-18 months.
[01:28] Overall Winner – Sachin Chougule, Associate Vice President, Finance & Treasurer, Infosys Ltd with [06:05] Karandeep Singh Batth, Citi.
[09:25] Highly Commended Winner – Shoko Suzuki, Chief Transformation Officer for Unilever Marketplace (Gro 24/7) and Unilever Asia with [11:10] Jason Kim, J.P. Morgan.
As risk continues to be top of every treasurer’s agenda; our winners provide their solutions relating to all aspects of risk which arise in the corporate treasury arena. From foreign exchange risk, counterparty risk, commodity risk and interest rate risk to cyber risk, reputational risk and supply chain risk, all are covered here. It feels like corporates have never had more risks to manage, making this an ever-increasing critical responsibility for the treasury function.
[01:28] Highly Commended Winner – Carolyne Maloney, Treasurer, Hypertherm with [03:41] Annie Mao, Bank of America.
In our latest podcast with Standard Chartered, Tarek El-Yafi, Regional Head of Cash Management Sales, and Karen Hom, Managing Director of Transaction Banking, discuss working capital solutions, the importance of technology, and what a well-run treasury should look like.
This category covers any aspect of corporate cards on how to achieve increased control and visibility and how they are being used to improve the T&E processes.
[01:28] Highly Commended Winner – Kwek Peck Lin, Director of Planning & Finance, Singapore University of Social Sciences with [03:39] Melvyn Low, OCBC.
This is a new category for 2022 which recognises the efforts of those companies which have embarked upon a transformation of its treasury function. Perhaps this has been the result of a need to replace outdated technology, the integration of a newly acquired company or simply a need to transform the way things are done.
[01:24] Overall Winner Yinson Holdings – Min Zhi Wong, Group CFO.
[08:51] Highly Commended Winner – BP. Their partner Ricky Kaura, Standard Chartered speaks about their winner collaboration and solution.
[11:45] Highly Commended Winner – Yili Group. Their partner Angela Lam, Bank of China (Hong Kong) Limited speaks about their winner collaboration and solution.
This is a new category for 2022 which looks at how company’s have implemented a treasury related solution, or is in the process of being implemented, in a single country or up to 4 countries and the challenges they have faced.
[01:17] Highly Commended Winner – Hariharan Subarmanian, Cognizant Technology Solutions with [03:47] Mahesh Kini, J.P. Morgan
[07:24] Highly Commended Winner – Sinopec. Their partner, Siang Hiu, DBS speaks about their winner collaboration and solution.
[09:08] Highly Commended Winner – Rajani Modi, Fortum India with [14:16] Nishant Kukreja, BNP Paribas
This category recognises the emerging cash replacement solutions such as e-cash, digital currencies (crypto-currency/bitcoin) and e-wallets.
[01:28] Overall Winner – Capitaland. Their partner Adrian Ong, UOB speaks about their winner collaboration and solution.
Many corporates are exploring alternative sources of funding, diversifying and/or refinancing their funding sources. With an increase in M&A activity, we have seen many different types of funding submitted, whether a single transaction, or as part of a company’s overall debt strategy.
[01:38] Overall Winner – ST Engineering. Their partner Benjamin Quek, Bank of America speaks about their winner collaboration and solution.
[04:50] Highly Commended Winner – Victor Zhu, CFO, Goldwind International Holdings (HK) Limited with [09:50] Aron Li, BNP Paribas.
In the third episode of the Innovation at Standard Chartered podcast, Waqar Chaudry, Executive Director – Innovation, Financing & Securities Services, and Rene Michau, Global Head, Digital Assets, explain why digital assets are a 'today problem' that cannot be put off until tomorrow.
On 25th November 2022, senior financial professionals from across the Asia Pacific region gathered at Raffles hotel in Singapore for the ninth Women in Treasury APAC Forum. As well as celebrating women in the world of treasury, the annual event has also become a powerful voice in furthering diversity and inclusion.
We are joined by Citi's Lorraine Donnelly, EMEA Industry Sales Head, Healthcare & Consumer Goods Clients, Treasury & Trade Solutions and Laura Fogarty, Healthcare Industry Head to discuss the latest developments at Citi surrounding the intersection of technology and healthcare as industry sectors and how the bank categorises these different supergroups.
On 19th October, senior financial professionals from across the United States gathered at the Manhattan Midtown Loft and Terrace for the seventh Women in Treasury New York Forum. Our four key speakers discussed their career paths, shared their thoughts on diversity and inclusion and offering advice from overcoming cultural differences, mentoring and the challenges of career and family life.
This category covers any cash pooling solution; notional and/or physical. It could be a simple single currency/single country solution or regional/global, multi-entity/multi-currency solution.
Overall Winner – Rene Bustamante, Staff Vice President & Assistant Treasurer, FedEx with Lori Schwartz, J.P. Morgan
Highly Commended Winner – DS Smith. Their partner Vivek Chikballapur, J.P. Morgan speaks about their winner collaboration and solution
This category not only encompasses cards but recognises the emerging cash replacement solutions such as e-cash, digital currencies (crypto-currency/bitcoin) and e-wallets. The winning solution, including virtual cards, could cover any aspect of corporate cards and how they are being used to improve the T&E processes.
Overall Winner – Werner Flaig, Group CFO, Easa Saleh Al Gurg Group.
Highly Commended Winner – Careem Egypt for Smart Networks. Their partner Navin Bhatija, Citi speaks about their winner collaboration and solution.
Highly Commended Winner – Waste Management. Their partner Jacqueline English, J.P. Morgan speaks about their winner collaboration and solution.
This is another new category this year and looks at how a company has implemented a treasury related solution, or is in the process of being implemented, on a regional basis – a regional solution is defined as five countries or more.
Overall Winner – Andrew Grant, Assistant Treasurer, Neptune Energy Group Limited with Priyanka Rath, J.P. Morgan.
Highly Commended Winner – Antoine Lebrun, Global Treasury Director and Lorena Gil, Global Treasury Manager, Glovo with Ross McEwan, Citi.
Highly Commended Winner – Roshun Tulkens, Treasury, Mantrac SE with Suleman Jafrani, Citi.
Many corporates are exploring alternative sources of funding, diversifying and/or refinancing their funding sources. With an increase in M&A activity, we have seen many different types of funding submitted, whether a single transaction, or as part of a company’s overall debt strategy.
Overall Winner – Liam Ó Caoimh, VP Treasury, The Adecco Group.
Highly Commended Winner – Mustafa Koçar, CFO and Nihal Yuksel, PF Director, Kalyon Holding, with Nazli Atilgan, J.P. Morgan.
This is a new category for 2022 which looks at sustainability and how corporate treasury can play it’s part in addressing ESG issues, climate change and CO2 emissions. Overall Winner – Alex Ashby, Head of Treasury, Tesco. Highly Commended Winner – Page Group. Their partner Karl Adams, ICD speaks about their winner collaboration and solution. Highly Commended Winner – David Hanhart, Senior Director, Treasury, TEVA Pharmaceuticals.
This is the tenth year of our Women in Treasury EMEA Forum and our four experts discussed their career journeys and shared insights on how they have shaped their own leadership style. They also spoke about the efficacy of quotas and some of the enduring challenges for women in treasury including the stigma of maternity leave in the US, and concerns about returning to work after a break.
This is a new category for 2022 which looks at how company’s have implemented a treasury related solution, or is in the process of being implemented, in a single country or up to 4 countries and the challenges they have faced. Overall Winner – Greenlight Planet Kenya Ltd. Their partner Ferndinand Zaumu, Citi speaks about their winner collaboration and solution. Highly Commended Winner – Franca Aeby, Cash Manager, Roche Finanz AG. Highly Commended Winner – Henkel Algeria. Their partner Ouiza Zerka, Citi speaks about their winner collaboration and solution.
This is a new category for 2022 which looks at how companies address the emerging digital solutions. Overall Winner – Malcolm Grant, Chief of Treasury and Theresa de Gouveia, Senior Project Officer, International Organization for Migration. Highly Commended Winner – Alexander Van den Heuvel, Group Cash Manager, Richard Erven, Dealer Front Office and Ernst Janssen, Digital Treasury Manager, Royal DSM.
Standard Chartered’s Head of Client Analytics Oksana Pidkuyko explains how companies can navigate today’s heightened risks by developing hedging strategies that turn volatility into a friend rather than a foe.
This is a new category for 2022 which looks at how companies manage/forecast its cash, working capital and how it makes and receives payments whether in a single or multi-purpose solution. Overall Winner – Magnus Attoff, Head of Digital Transformation & Risk Management, Telefonaktiebolaget LM Ericsson with Raymond Pereira, Citi. Highly Commended Winner – Marc Parenteau, VP Treasury North America and Jodi Fountain VP ecommerce and Marketplace, L’Oreal USA (SalonCentric) with Manish Jain, J.P. Morgan.
This category looks at foreign exchange and could be the use of technology, a new process, change to a hedging strategy or a new FX requirement as a result of entering a new market or dealing with a new currency and/or client/supplier. Overall Winner – Karen Kong, Treasurer, Broadcom inc with Jason Li, J.P. Morgan. Highly Commended Winner – Jennifer Chisholm, Business Program Manager and Tasha Westinghouse, Business Program Manager, Microsoft.
Treasury Today’s women in treasury initiative continues to go from strength to strength with the platform recognised in the 2021 Global Diversity List and now this year with our physical forums returning. We were excited to partner with Coupa on this special podcast episode to speak about the issues around gender equality and to discuss inclusion across the board. We also hear from Yang Xu, Global Head of Corporate Development of Kraft Heinz who has been a vociferous advocate for gender equality and has been an active and key supporter of our Women in Treasury initiative.
Our Woman of the Year category recognises a leading corporate treasury woman who demonstrates real innovation and professional achievement. Typifying the essence of Treasury Today’s Women in Treasury initiative, this award goes to those who, alongside their career journey, also dedicate themselves to inspire others, giving back and using their privilege and access to help other professionals along their journey, opening up the profession to more diverse talent. Overall Winner – Lisa Chan, Director of Global Treasury, Airbnb. Highly Commended Winner – Jayna Bundy, General Manager, Microsoft.
Trading internationally can be challenging and the past 12 months or so have really shone the light on supply chains. The buyer/seller relationship has never been more important and we have seen a number of innovative solutions emerge from distributor finance, pre-shipment finance and receivables discounting to forfaiting, factoring and payables finance. Overall Winner – Alan Chitty, Director of Group Treasury, Tax and Risk, Pepco Group in partnership with Mehwish Jangda at Citi.
Technology is a key component in many of the submissions we receive and is always a hotly contested category. We see projects ranging from the use of APIs and RPA to full-blown treasury technology transformation involving TMS and ERP integration and much more. Overall Winner – Nike. Their partner J.P. Morgan speaks about their winner collaboration and solution. Highly Commended Winner – Kellogg’s. Their partner Citi speaks about their winner collaboration and solution. Highly Commended Winner – Kitopi. Their partner HSBC speaks about their winner collaboration and solution. Highly Commended Winner – Nigeria LNG, Chigbo Enenmo, Head of Treasury in partnership with J.P. Morgan Asset Management.
Our most prestigious and always fiercely-contested category. Here we recognise a corporate treasury team that has made an outstanding contribution to its organisation over the past 12-18 months. Overall Winner – AstraZeneca, Jonathan Slade, Group Treasurer. Highly Commended Winner – Prudential Financial, Nandini Mongia, Senior Vice President & Treasurer.
As real-time payments become a norm in Southeast Asia, corporate treasurers are revamping their financial processes to stay competitive.
As risk continues to be top of every treasurer’s agenda; our winners provide their solutions relating to all aspects of risk which arise in the corporate treasury arena. From foreign exchange risk, counterparty risk, commodity risk and interest rate risk to cyber risk, reputational risk and supply chain risk, all are covered here. It feels like corporates have never had more risks to manage, making this an ever-increasing critical responsibility for the treasury function. Overall Winner – DEME, Geert Wouters, Head of Finance & Treasury along with their partner PwC. Highly Commended Winner – Microsoft Ireland Operation Ltd, Jatin Mohanty, Senior Manager Finance.
Here we recognise how these winners have optimised and/or diversified their short, medium and long-term investment portfolio whilst addressing the trade-off between yield, liquidity, cash preservation and counterparty risk. Looking at alternative investment vehicles and how they have overcome the challenges of low/negative interest rates and new regulations in the world of liquidity/money market funds (MMFs). Overall Winner – General Electric. Their partner Citi speaks about their winner collaboration and solution. Highly Commended Winner – Christopher Berris, Hunting Plc.
This is awarded to a company which is that little bit different, doesn’t quite fit one of the other categories and is recognised by our judges as a result of the specific field in which the company operates, the particular solution it has implemented or simply because it stands out as being different. This year’s Judges’ Choice award goes to the first company to allow investors to buy and trade shares in multi-million-dollar masterpieces created by world-renowned artists. The company has implemented a solution which manages the underlying transactions and reconciliations of the aforementioned investors. Overall Winner – Masterworks, Francisco Meyo, Controller, Investment Vehicles and Jason Papadopoulos, Business Intelligence Manager.
Here we recognise an individual corporate treasurer who has made a real difference to their organisation. The person has demonstrated real innovation, achievement, leadership qualities, and someone who is a real inspiration to others. Our winner in 2022 has built a ‘best-in-class’ treasury function at his organisation during a career spanning over a decade of contribution across a broad range of treasury responsibilities. Overall Winner – Toby Shore, Senior Director, Group Treasury, Risk & Insurance, Emirates Global Aluminium.
Employers offering full remote working have the competitive edge in today’s struggle for talent. Candidates with tech and AI skills are most in demand but movement across senior treasury positions is still slow. Mike Richards from The Treasury Recruitment Company talks to Sarah Rundell.
In this final episode we explain the criteria for entry, some tips to help you prepare your nominations and what our judges look for when making their decisions. Nominate now: https://treasurytoday.com/adam-smith-awards-asia
In this episode, Sophie Jackson, Publisher & Head of Strategic Content, explains the new and exciting award categories we have added this year. A full list of our categories and descriptions is on our website here: https://treasurytoday.com/adam-smith-awards-asia/categories (treasurytoday.com/adam-smith-awards-asia/categories)
The Ukraine crisis, inflation and rising interest rates are all affecting the investment landscape. At the same time, money market fund reform is once again on the horizon in the US and Europe. We hear from industry experts Whitbread Group, HSBC Asset Management and BlackRock to find out more about the factors shaping today’s MMF landscape and the possible impact of future reform.
This category incorporates any relationship (internal as well as external) managed by the treasury function, such as investor relations, employee relations, ratings agencies and procurement, in addition to the core bank and service provider relationships. Economic turmoil and the coronavirus pandemic have certainly focused minds on the value of relationships. Overll Winner – Hologic. Their partner Bank of America speaks about their winning collaboration and solution. Highly Commended Winner – QuEST Global. Their partner Citi speaks about their winning collaboration and solution. Highly Commended Winner – Sinotruk Finance Co. Ltd, Zhen Huang, General Manager, in partnership with Standard Chartered.
We are delighted to begin our Adam Smith Awards Asia 2022 – A Winners’ Guide podcast series. In this first episode, Sophie Jackson, Publisher & Head of Strategic Content, explains what the Adam Smith Awards Asia are, why you should consider nominating and the key dates for your diary. Nominations are now open and will close on September 5th.
Our most prestigious and always fiercely-contested category, here we recognise any corporate treasury team that has made an outstanding contribution to its organisation over the past 12-18 months. This could be purely the treasury team, or a broader team effort involving many disciplines across the enterprise. Overall Winner – Shell Treasury Centre East Pte Ltd, Teo Yian Ping, Regional Treasurer – Asia Pacific, in partnership with Standard Chartered and Citi. Highly Commended Winner – Danone, Zurab Abutidze, Regional Treasury Director, in partnership with Citi and Kyriba. Highly Commended Winner – General Electric, Manu Taneja, Executive – GE APAC Treasury, in partnership with Citi.
Payments and receipts are key to any business. How do companies negotiate improved payment terms with their suppliers? We have seen an increase in the use of shared service centres and payment factories in recent years and Payment-on-Behalf-of (POBO) structures are a lot more common now. We also look at how companies manage their collections, including reconciliation and, as with payments, we are now seeing Collection-on-Behalf-of or COBO structures emerging. Best AP/AR Solution Overall Winner – Watson Pharma Pvt Ltd, Vivek Saraf, Treasurer – India and China, in partnership with J.P. Morgan. Best AP/AR Solution Highly Commended Winner – IDP Education India Pvt Ltd, Jaswinder Singh, Finance Controller, in partnership with HSBC. Best AR Solution Highly Commended Winner – Coca-Cola Beverages Pakistan Ltd. Their partner Standard Chartered speaks about their winning collaboration and solution. Best AP Solution Highly Commended Winner – PTT Global Chemical Public Company, Prapan Shotiyanantawong, VP Accounting Policy & Tax Strategy, in partnership with Standard Chartered.
This new category addresses the emergence of digitisation. We have heard much about the fintech revolution, open banking, artificial intelligence, big data analytics, robotics, APIs, blockchain and other distributed ledger technologies. We look at companies which have moved beyond the ‘proof of concept’ stage and are now using one or more of these emerging fintech/digital solutions. Overall Winner – Alibaba Group, Randy Ou, Group Treasury VP, in partnership with Citi. Highly Commended Winner – Satin Creditcare Network Ltd, HP Singh, Chairman & Managing Director, in partnership with HSBC. Highly Commended Winner – Singapore Telecommunications Ltd (Singtel). Their partner Citi speaks about their winning collaboration and solution.
Many corporates are exploring alternative sources of funding, diversifying and/or refinancing their funding sources. With an increase in M&A activity, we have seen many different types of funding submitted, whether a single transaction, or as part of a company’s overall debt strategy. Overall Winner – Government of Malaysia. Their partner J.P. Morgan speaks about their winning collaboration and solution. Highly Commended Winner – Qantas Airways Limited, Filip Kidon, Head of Investor Relations, in partnership with J.P. Morgan.
This category looks across the range of the E, the S and the G. We focus on sustainable projects including the finance related to the mitigation of and/or adaptation to climate change/CO2 emissions as well as investment strategies which incorporate ESG/CSR factors and solutions which relate to the achievement of sustainability-linked KPIs. Overall Winner – Inditex Group. Their partner DBS speaks about their winning collaboration and solution. Highly Commended Winner – Avery Dennison, Leo Weng, Treasury Director Asia Pacific, in partnership with Bank of America.
This category looks at foreign exchange and solutions corporates are deploying to tackle the continuing challenges of currency volatility. From technology to new processes, change to a hedging strategy or a new FX requirement as a result of entering a new market or dealing with a new currency and/or client or supplier could drive the solutions here. Overall Winner – Olam International Ltd., Amit Kansal, Vice President-Treasury and Head of Origination, Trade and Structured Finance and Shivram Ramakrishnan, Vice President-IT, in partnership with Fourth Signal.
Efficient working capital is a key challenge for corporates of all shapes and sizes. This is all about improving key performance indicators (KPIs) of DPO, DSO, DIO, DWC and the cash conversion cycle. Overall Winner – SAIC International Finance Ltd. Their partner Standard Chartered speaks about their winning collaboration and solution. Highly Commended Winner – SRF Limited, Sugandha Singhal, Global Treasury Head, in partnership with Citi.
Any solution which demonstrates how the company manages or forecasts its cash is recognised here. At the heart of treasury sits cash management and “Cash is King” is a frequently used phrase. This is therefore a consistently popular category amongst our nominees. Overall Winner – Beigene, Cecilia Li, Head of Global Treasury, in partnership with J.P. Morgan. Highly Commended Winner – Eaton Corporation, Wayne Ren, Head of APAC Treasury and Kathy Xie, APAC Treasury Manager, in partnership with Citi. Highly Commended Winner – Brink’s, Barrett Belair, Assistant Global Treasurer, in partnership with Bank of America.
In the fourth Digital Dialogues podcast episode, Citi’s Kanika Thakur speaks about trade finance trends in APAC, while Nanyang Technological University’s Kwok-Yan Lam shares his views on developments in data security.
This category acknowledges the special relationship between buyer and seller. Letters of credit, guarantees and open account trading are common. We are now seeing much greater use of automation in traditionally paper-based processes. Blockchain is also seeing some traction in the trade space. Overall Winner – Cummins Technologies India Pvt Ltd, Keirobium Dasan, ABO Treasury, in partnership with Bank of America. Highly Commended Winner – Vale Malaysia Minerals, Vera Chin da Silva, Senior Manager, Trade Finance/International Accounts Receivable, in partnership with Standard Chartered.
From lockdowns to rising inflation, the last two years have brought multiple challenges for global supply chains – and disruption and uncertainty are set to continue. How can treasurers help their companies navigate this challenging landscape? Andrew Blincoe, Head of Corporates & Institutions at NatWest Group, and Peter Bolstorff, Executive Vice President, Corporate Development at The Association of Supply Chain Management, share their views.
Treasury solutions implemented, or in the process of being implemented, in India are showcased here. Overall Winner – Jörg Bermüller, VP, Group Treasury, Head of Cash and Risk Management – Merck KGaA, in partnership with Deutsche Bank. Highly Commended Winner – Yiyong Wu, Group Treasury Head – Xiaomi Corporation, in partnership with Citi. Highly Commended Winner – Jai Shukla, India Treasurer – ATC India, in partnership with J.P. Morgan.
Here we showcase treasury solutions implemented, or in the process of being implemented, in the PRC. Winner - Vitesco Technologies Holding China Co. Ltd., Jeremy Zhu, Head of Central Finance and Controlling, in partnership with J.P. Morgan. Highly Commended – Aihuishou International Company Ltd. Their partner Kyriba speaks about their winning solution and collaboration. Highly Commended – Starbucks. Their partner J.P. Morgan speaks about their winning solution and collaboration.
Balagopal Kunduvara, Divisional Vice President Financial Services at Singapore Airlines talks about his treasury priorities during the pandemic and his key focus for the company in the year ahead.
This is another new category in 2021 to not only encompass cards but to recognise the emerging cash replacement solutions such as e-cash, digital currencies (crypto-currency/bitcoin) and e-wallets. The winning solution, including virtual cards, could cover any aspect of corporate cards and how they are being used to improve the T&E processes. Best e-Cash Solution Overall Winner – Deutsche Post DHL, Carola Schmitz-Becker, Vice President – Corporate Treasury, in partnership with Standard Chartered. Best Card Solution Overall Winner – Agoda Company Pte Ltd, Ekkaphap Thengtrirat, Senior Banking Solutions Manager, in partnership with J.P. Morgan. Best Card Solution Highly Commended Winner – Edelman Singapore Pte Ltd, Lionel Ang, Treasury Manager, in partnership with HSBC.
Here we look at liquidity solutions such as cash pooling structures. Some are single country/single currency, single entity whilst some corporates have implemented multi-country/multi-currency/multi entity and even cross-currency arrangements which “follow the sun”. Overall Winner – Goodyear, Jane Hua, Treasury – Global Cash Management, in partnership with J.P. Morgan. Highly Commended Winner – Qualcomm, Matt Post, Assistant Treasurer, in partnership with Bank of America.
In the third Digital Dialogues podcast episode, we hear from Philip Summerton, CEO of Cambridge Econometrics, together with Sandip Patil and Kanika Thakur from Citi, about geopolitical risk and the broader world trends shaping treasury in 2022.
Trading internationally can be challenging and the past 12 months or so have really shone the light on supply chains. The buyer/seller relationship has never been more important and we have seen a number of innovative solutions emerge from distributor finance, pre-shipment finance and receivables discounting to forfaiting, factoring and payables finance. Overall Winner – Henkel, Sophie Yang, APAC Regional Treasurer, Asia Pacific, in partnership with Citi. Highly Commended Winner – Syngenta Asia Pacific Pte Ltd, Lim, Mui Lai, Asia Pacific Treasurer, Lukas Krattinger, APAC Head of Financial Solutions and Business Development and Carlos Parra Santos, Global Finance Business Partner, Direct Procurement, in partnership with Citi. Highly Commended Winner – Flipkart Group, Vipin Garg, Head of Treasury, in partnership with HSBC.
A new category in 2021 and here we explore treasury solutions implemented, or in the process of being implemented, in any of the ten member countries that make up the ASEAN nations. This could be a single country solution or regional ASEAN solution. Overall Winner – Goodyear, James Ho, Regional Treasury Manager, in partnership with Citi. Highly Commended Winner – China Duty Free International. Their partner Bank of China speaks about their winning solution and collaboration. Highly Commended Winner – Asahi Beverages, Michael Ewison, Group Treasurer.
We are delighted to continue our Adam Smith Awards 2022 – A Winners’ Guide podcast series. In this third and final episode, John Nicholas, Senior Advisor, talks through the criteria for submissions and gives some helpful tips on what our judges will be looking for. Nominations are now open and will close on 11th April.
Technology is a key component in many of the submissions we receive and is always a hotly contested category. We see projects ranging from the use of APIs and RPA to full-blown treasury technology transformation involving TMS and ERP integration and much more. Overall Winner – ByteDance. Their partner J.P. Morgan speaks about their winning solution and collaboration. Highly Commended Winner – SF Holding. Their partner Bank of China (Hong Kong) speaks about their winning solution and collaboration. Highly Commended Winner – Globe Telecom, Ma. Fatima Cinco, Director – Debt Management, Projects, Systems & Compliance, Treasury Division, in partnership with J.P. Morgan.
This is awarded by our judges to recognise a project or solution that demonstrates something particularly special, outside of our defined categories. It could be something not seen previously or, as is the case this year, our judges were impressed with a ‘Smart Treasury’ solution having been developed entirely in-house. Overall Winner – Flex, Yvione Zhou, Regional Treasury Director.
In our 2021 Women in Treasury US Forum, our five experts discuss their career paths, share their experiences and highlight the importance of gender equality, representation and visibility within our community whilst offering advice on what we should keep in mind when looking ahead to the future.
Overall Winner – Cell Signaling Technology, Jane Zhao, You do not need to be a large, major multinational or conglomerate to qualify, as our new category Best SME/MME Treasury Solution illustrates perfectly. Many of the solutions we see being deployed by the larger organisations are now filtering down to the SME/MME sectors. For the purposes of this category a SME is defined as employing over 100 employees and an annual sales turnover of more than $100m and a MME is defined as employing over 250 employees and an annual sales turnover of more than $500m. Our winner this year employs over 250 with an annual sales turnover of more than $500m in China.
We are delighted to continue our Adam Smith Awards 2022 – A Winners’ Guide podcast series. In this second short episode our Publisher and Head of Operations, Meg Coates, talks through the new and enhanced categories for this year and hear from some of last year’s individual category winners. Nominations are now open and will close on 11th April. Find out more: https://treasurytoday.com/adam-smith-awards
Risk continues to be top of every treasurer’s agenda. From foreign exchange risk, counterparty risk, commodity risk and interest rate risk to cyber risk, reputational risk and supply chain risk, all are covered here. It feels like corporates have never had more risks to manage, making this an ever- increasing critical responsibility for the treasury function.
LAST EPISODE IN THE SERIES: This new category for 2021 addresses the emergence of digitisation. We have heard much about the fintech revolution, open banking, artificial intelligence, big data analytics, robotics, APIs, blockchain and other distributed ledger technologies. We look at companies which have moved beyond the ‘proof of concept’ stage and are now using one or more of these emerging fintech/digital solutions. Winner – TriNet Group, Inc., Ryan Yeager, Executive Director & Assistant Treasurer. Highly Commended – ACCO Brands, Agata Przezdziecka, AR Manager, in partnership with Bank of America. Highly Commended – Norsk Hydro ASA, Per Christian Lindgård, Head of Cash Management and Erik Snersrud, Manager Cash Management, in partnership with J.P. Morgan.
This category is extended to include short, medium and long-term investments to showcase how organisations have optimised and/or diversified their investment portfolio, particularly important in a low/negative interest rate environment. We look at how they have addressed the trade-off between yield, liquidity, cash preservation and counterparty risk or perhaps considered ESG factors when investing. Overall Winner – Takeda Pharmaceuticals Co., Miho Kumazawa, Lead Treasury Operations APAC and Japan, in partnership with Citi and Amundi.
Any company that has implemented a treasury solution, or is in the process of being implemented, in the Middle East and/or UAE qualified, including Shariah compliant/Islamic banking solutions. This could be a single country solution or span several countries across the region. Overall Winner – International Company for Water and Power Projects ACWA Power, Abdul Majid Syed, VP Financial Reporting, Controls and System, in partnership with J.P. Morgan. Highly Commended Winner – Delivery Hero, Christian Schmahl, Director Treasury, Gerald Taylor, Senior Treasury Manager and Khaled Al Faqsh, CFO.
Standard Chartered’s Simon Derrick and Robert Newell discuss the key types of sustainable finance that treasurers should be aware of, the workload and risks to consider when embarking on sustainable finance initiatives, and the extent to which developments vary between different markets.
This new category recognises the challenges specifically posed by the COVID-19 pandemic. We wanted to showcase the Herculean efforts that have been demonstrated as corporates respond to the demands of the new normal. There have been some extraordinary demonstrations of best practice that we feel deserve special recognition. Overall Winner – Balagopal Kunduvara, Divisional VP, Financial Services, Singapore Airlines Ltd, in partnership with DBS. Highly Commended Winner – Zheng Yu, Treasury Leader APAC, Philips (China) Investment Co Ltd, in partnership with C2FO.
Trading internationally can be challenging and the past 12 months or so have really shone the light on supply chains. The buyer/seller relationship has never been more important and we have seen a number of innovative solutions emerge from distributor finance, pre-shipment finance and receivables discounting to forfaiting, factoring and payables finance. Overall Winner – Bridgestone, Julle Pedersen, Treasury Director for Europe, Middle East, India and Africa (EMIA). Highly Commended Winner – Tetra Pak International, Fabrice d’Agostino, Director Business Control Supply Management, in partnership with Citi. Highly Commended Winner – Halliburton, Richard Whiles, Assistant Treasurer, in partnership with Citi.
This category recognises unique talent that is rising up the corporate treasury ranks. The individual may have excelled in a professional qualification and whose trajectory is impressive, with a bright and impactful professional future ahead of them. Perhaps a future Group Treasurer, Finance Director or CFO is identified here. Overall Winner – Mithun Gole, Vice President – Corporate Finance & Treasury, Apraava Energy Pvt Ltd
In this new category we showcase any treasury solution across our broad range of mainstream categories that has been implemented, or is in the process of being implemented in the Americas. This could be a US or Canada only solution or perhaps involve Central America, Latin America or the Caribbean. Overall Winner – Marathon Petroleum Co, Kevin Kachur, Treasury Operations Supervisor and Jon Martin, Treasury – Cash & Banking, Adv. Financial Analyst. Highly Commended Winner – Baker Hughes Company, Varun Wadhwa, Deputy Treasurer, in partnership with Bank of America.
We are delighted to launch our Adam Smith Awards 2022 – A Winners’ Guide podcast series. In this first short episode I will explain what the Adam Smith Awards are, why you should consider nominating and the key dates for your diaries. Nominations open on 31st January and will close on 11th April.
Our Woman of the Year category recognises a leading corporate treasury woman who demonstrates real innovation and professional achievement. Typifying the essence of Treasury Today Asia’s Women in Treasury initiative, this award goes to those who, alongside their career journey, also dedicate themselves to inspire others, giving back and using their privilege and access to help other professionals along their journey, opening up the profession to more diverse talent. Overall Winner – Preet Dhupar, CFO, Ikea India Pvt. Ltd.
Our most prestigious and always fiercely-contested category. Here we recognise a corporate treasury team that has made an outstanding contribution to its organisation over the past 12-18 months. Highly Commended Winner – NTT Data, Meredith Vance, Senior Vice President Treasurer
Treasury teams should explore cash segmentation strategies to balance their liquidity and working capital needs alongside investing for higher returns and diversification. BlackRock’s James Morek and Brett Davis explain.
Technology is a key component in many of the submissions we receive and is always a hotly contested category. We see projects ranging from the use of APIs and RPA to full-blown treasury technology transformation involving TMS and ERP integration and much more. Overall Winner – HCSC Blue Cross Blue Shield, David Deranek, CTP – Director, Enterprise Treasury Operations and Julie Qualiato, CTP – Senior Director, Enterprise Treasury Operations. Highly Commended Winner – Alexion Pharmaceuticals, Stacy Liparidis, Associate Director, Treasury, in partnership with ICD. Highly Commended Winner – Unilever Finance International AG, Gerard Tuinenberg, Director Systems, Innovations and Transactional Banking.
This category incorporates any relationship (internal as well as external) managed by the treasury function, such as investor relations, employee relations, ratings agencies and procurement, in addition to the core bank and service provider relationships. Economic turmoil and the coronavirus pandemic have certainly focused minds on the value of relationships. Overall Winner - Elanco Animal Health, David Pugh, Treasurer, in partnership with J.P. Morgan. Highly Commended Winner – Tesco plc, Pritesh Vadolia, Head of Treasury – Risk.
In the 14 years the Adam Smith Awards programme has been running, we have presented just one previous Lifetime Achievement Award. This award, recognised by Treasury Today Group, is therefore a pretty rare occurrence. This year we are recognising someone who has made a huge contribution to one of the largest companies in the world. Very many congratulations on this most prestigious accolade. Overall Winner – George Zinn
Any solution which demonstrates how the company manages or forecasts its cash is recognised here. At the heart of treasury sits cash management and “Cash is King” is a frequently used phrase. This is therefore a consistently popular category amongst our nominees. Overall Winner – Dana Inc., Michael Lenaerts, Senior Manager of Finance, in partnership with J.P. Morgan. Highly Commended Winner – Cooke Seafood, Rob MacNeil, Group Treasurer.
This new category recognises the challenges specifically posed by the COVID-19 pandemic. We wanted to showcase the Herculean efforts that have been demonstrated in response to the demands of the new normal. There have been some extraordinary examples of best practice that we feel deserve special recognition this year. Overall Winner – Avis Budget Group, David Calabria, Treasurer and SVP of Corporate Finance and Tina Daroszewski, Assistant Treasurer, in partnership with J.P. Morgan. Highly Commended Winner – Microsoft Corporation, Neil Doyle, Group Finance Manager, in partnership with Accenture. Highly Commended Winner – Kimberly-Clark Brazil, Denilson Da Silva, Credits & Collections Manager Brazil, in partnership with Citi.
Enno Dykmann, Treasurer of Alliander, and Geeta Sharma, Director, Portfolio Manager at BlackRock’s International Cash Business, discuss how treasurers can invest cash in a sustainable way, and how asset managers are incorporating ESG considerations into their processes.
In this year’s EMEA Forum, four experts discussed their career journeys and shared their insights on how to make the right decisions, take risks and switch between different disciplines. They also spoke about the importance of mentorship and sponsorship, and what hybrid working means for gender equality.
Any company that has implemented a treasury solution, or is in the process of being implemented, in Africa qualified for this award. This might be a single country solution or perhaps span several countries across the Continent. Over Winner – MultiChoice Group Ltd, Jan Beukes, Group Treasurer, in partnership with Citi and Finastra. Highly Commended Winner – Microsoft Corporation, Rahul Daswani, Group Manager, GTFS.
Overall Winner – Phung Ngo-Burns, Chief Accounting Officer & Treasurer, NexTier Completion Solutions. Highly Commended Winner – Nandini Mongia, Senior Vice President and Treasurer, Prudential Financial, Inc. Our Woman of the Year category recognises a leading corporate treasury woman who demonstrates real innovation and professional achievement. Typifying the essence of Treasury Today’s Women in Treasury initiative, this award goes to those who, alongside their career journey, also dedicate themselves to inspire others, giving back and using their privilege and access to help other professionals along their journey, opening up the profession to more diverse talent.
Overall Winner – NexTier Completion Solutions, Bernie Liu, Treasury Manager, in partnership with Citi. Highly Commended – Royal Palace Furniture, Suman Ghosh, CFO. This is another new category in 2021 to not only encompass cards but to recognise the emerging cash replacement solutions such as e-cash, digital currencies (crypto-currency/bitcoin) and e-wallets. Winning solutions, including virtual cards, can cover any aspect of corporate cards and how they are being used to improve the T&E processes.
Cyber-security continues to be a major issue for companies of all shapes and sizes, with most household names having been victims of cyber-crime past, present and future. We look here at how organisations are mitigating the threat of a cyber-attack. Overall Winner – Hyundai Motor Europe GmbH, Heeyong Kwon, Regional Treasurer, in partnership with Citi. Highly Commended Winner – TÜRKİYE ŞİŞE ve CAM FABRİKALARI A.Ş., Baris Gokalp, Global Head of Treasury and Cihan Catakli, Corporate Finance Specialist
The pandemic has left some companies with too much liquidity and others with too little. BNP Paribas’ Krishna Sampath, Head of Corporate Deposits Line argues real time service solutions are key. Elsewhere he suggests corporates wanting to park excess liquidity use MMFs, and those needing more align borrowing with ESG goals.
Best Investing Solution This category is extended this year to include short, medium and long-term investments to showcase how organisations have optimised and/or diversified their investment portfolio, particularly important in a low/negative interest rate environment. We look at how they have addressed the trade-off between yield, liquidity, cash preservation and counterparty risk or perhaps considered ESG factors when investing. Winner – Farfetch, Alexander Krenitskiy, Group Treasury Manager, in partnership with J.P. Morgan Asset Management. Highly Commended – International Organisation for Migration (IOM), Malcolm Grant, Head of Treasury and Marion Barré, Senior Treasury Officer. Highly Commended – Whitbread Group, Becki Carroll, Front Office Treasury Dealer, in partnership with Goldman Sachs Asset Management and ION.
Risk continues to be top of every treasurer’s agenda. From foreign exchange risk, counterparty risk, commodity risk and interest rate risk to cyber risk, reputational risk and supply chain risk, all are covered here. It feels like corporates have never had more risks to manage, making this an ever- increasing critical responsibility for the treasury function. Overall Winner - Wärtsilä, Jarmo Nurmi, Corporate Treasurer and Erik Snersrud, Manager Cash Management. Highly Commended Winner – Microsoft, Priya Shenoy, Senior Finance Manager.
Standard Chartered Bank’s Stuart Keelan and Desiree Pires discuss how navigating inflation risk, hedging and sustainability are key themes for treasury teams coming out of the pandemic.
Cash management technology has an increasingly important role to play as treasurers look for ways to free up time and manage risk more effectively. James Capps and Tricia Turner of BlackRock explain the value they see in technology in today’s market and share their thoughts on how this space could develop in the years ahead.
Efficient working capital is a key challenge for corporates of all shapes and sizes. This is all about improving key performance indicators (KPIs) of DPO, DSO, DIO, DWC and the cash conversion cycle. Overall Winner – RHI Magnesita, Felix Warmuth, Head of Treasury and Rodrigo Guerra, Head of Corporate Treasury, in partnership with Bank of America. Highly Commended Winner – Medtronic, John Murray, Director Americas Enterprise Excellence & Business Transformation. Highly Commended Winner – Atlas Copco, Dilan Narin, Business Controller, in partnership with Citi.
Adam Smith Awards 2021 Awards Banks and service providers - J.P. Morgan Podcast Recording - ACWA Power
In 2021 Treasury Today Group and Citi bring you a new series dedicated to the topics of the moment. This audio centred content series brings together leading voices from across Asia Pacific. From academics to corporate treasurers to financial leaders, we will focus on the issues affecting corporate decision makers against a backdrop of the pandemic and global risk.
This category looks at the foreign exchange solutions that corporates are deploying to tackle the continuing challenges of currency volatility. From technology to new processes, change to a hedging strategy or a new FX requirement as a result of entering a new market, or dealing with a new currency and/or client or supplier could drive the solutions here.
Alexander Foltin, treasurer at European chip maker Infineon talks about his treasury priorities against the backdrop of challenges in the global semiconductor industry.
Payments and receipts are key to any business. How do companies negotiate improved payment terms with their suppliers? We have seen an increase in the use of shared service centres and payment factories in recent years and Payment-on-Behalf-of (POBO) structures are a lot more common now. We also look at how companies manage their collections, including reconciliation and, as with payments, we are now seeing Collection-on-Behalf-of or COBO structures emerging. Overall Winner – Dubai Municipality, Lubna Khamis Almazrouie, Senior Accountant, Finance Department – General Budget Section. Highly Commended Winner, Best AP Solution – The Hut Group, Ian Armstrong, Group Treasurer, in partnership with Citi. Highly Commended Winner, Best AR Solution – CDK Global LLC, Kirti Talwar, Senior Director, Finance Shared Services.
Winner – Phoenix, Hana Harrison, Assistant Treasurer & Head of Funding. Highly Commended – Rolls-Royce plc, Ed Prince, Head of Corporate Finance, in partnership with Citi. Many corporates are exploring alternative sources of funding, diversifying and/or refinancing their funding sources. With an increase in M&A activity, we have seen many different types of funding submitted, whether a single transaction, or as part of a company’s overall debt strategy.
In our first audio episode with Jason Han of Nanyang Technological University and Citi’s own Sandip Patil, we explored the most exciting digital innovations of the past decade, outlining the scope of our upcoming episodes throughout the course of this year’s series and focusing on both their experiences and insights.
Here we look at sustainable projects including the finance related to the mitigation of and/or adaptation to climate change/CO2 emissions as well as investment strategies which incorporate ESG/CSR factors. Overall Winner – Etihad Aviation Group, Daniel Tromans, Group Treasurer. Highly Commended Winner – Holcim, Nicolas Vaniet, Head Financing & Treasury Front Office. Highly Commended Winner – Royal Schiphol Group, Tom Gerritsen, Head of Treasury and M&A, in partnership with BlackRock. Highly Commended Winner - Dürr AG, Christian Aue, VP Corporate Finance.
In this Episode, we explain the criteria for entry, some tips to aide your submissions and what our judges look for when making their decisions. Nominations are now open and will close on September 6th 2021.
We have created this new category to recognise an individual corporate treasurer who has made a real difference to their organisation, who demonstrates innovation and achievement and who is an inspiration in their current role. Overall Winner – Martin Schlageter, Head of Treasury Operations, F. Hoffmann-La Roche Ltd.
This category recognises talent coming through the corporate treasury ranks. The individual may have excelled in a professional qualification or may be a future Finance Director or CFO. The participant is: Overall Winner – Angela Brown, Assistant Treasurer, Continental Tire the Americas, LLC
In this year’s APAC WiT forum, expert panellists reflect on how they progressed their careers in finance and share their key advice. Elsewhere the conversation talked about the damaging impact of the pandemic to gender equality and the role of men in supporting equality.
In this Episode, we explore the new categories we have added this year. A full list of categories can be found online at treasurytoday.com. Nominations are now open and will close on 6th September 2021.
We are delighted to launch our Adam Smith Awards Asia 2021 – A Winner’s Guide podcast series. In this first short episode I will explain what the Adam Smith Awards Asia are, why you should consider nominating and the key dates for your diaries. Nominations opened on 7th June and will close on 6th September 2021.
This is our most prestigious and competitive award. Here we recognise any corporate treasury team that has made an outstanding contribution to its organisation over the past 12-18 months. This could be purely the treasury team, comprising several team members, or a broader team effort, involving many disciplines across the enterprise. Overall Winner – Olam International Ltd., Jayant Parande, in partnership with Citi, DBS, Deutsche Bank, J.P. Morgan and Standard Chartered. Highly Commended Winner – Grab Holdings Inc., Wilson Koh, in partnership with Kyriba and UOB. Highly Commended Winner – HCL India, Vineet Sood, in partnership with Citi.
To acknowledge the specific challenges of operating in this dynamic country, here we showcase treasuries in India that have implemented, or are in the process of implementing, a cash/liquidity management, card, trade/SCF, WCM/AP/AR, funding/ESG, FX, risk and/or technology/cyber security/fintech solution. Overall Winner – Sanofi India, Somak Ghosh, in partnership with J.P. Morgan. Highly Commended Winner – Visteon Electronics India Pvt Ltd, Jessica Cao and Ramalingam Rajasekar, in partnership with Bank of America. Highly Commended – Herbalife International India Pvt Ltd, Ajay Khanna, Uday Prakash and Vivek MP, in partnership with DBS.
Overall Winner – Worley. Their partner HSBC speaks about their winning solution and collaboration. Highly Commended – New South Wales State Government. Their partner Citi speaks about their winning solution and collaboration. Cards are no longer just a piece of plastic; corporate cards have become an integral part of the cash management set-up. Here we see how cards, including virtual cards, are being used to improve the T&E processes.
In this episode, we speak to Minna Helppi, Group Treasurer, at Metso Outotec about the role treasury played during their merger, the companies supply chain finance programme and how she is introducing sustainability in treasury.
This was a new category in 2020 to respond specifically to the challenges faced due to the COVID-19 pandemic. We wanted to recognise the Herculean efforts that have been demonstrated as you respond to the demands of the new normal. There have been some extraordinary demonstrations of best practice that we feel deserve special recognition, this year including one company which switched its entire production facility in response to the crisis and another which deployed a QR code to help swab testing. Overall Winner – ST Telemedia, Darren Chua, in partnership with Citi. Highly Commended Winner – KPJ Healthcare Berhad, Norhaizam Mohammad, in partnership with HSBC. Highly Commended Winner – Radico Khaitan, Dilip Banthiya, in partnership with DBS. Highly Commended Winner – Samsonite China. Their partner J.P. Morgan speaks about their winning solution and collaboration.
In the first of a series of three podcasts, Standard Chartered’s Steve Pairman, Head of Cash Product, UK and Marion Reuter, Regional Head of Transaction Banking Sales, Europe discuss the transformational role of digitisation and the key aspects treasury teams need to get right.
How is technology supporting the evolving role of the treasurer? And how can treasurers tap into everything from AI and data analytics to AML solutions as they take on a more strategic position within their organisations? In a recent virtual roundtable held by Treasury Today and the Bottomline TreasuryXpress team, industry experts discussed the latest developments in this podcast.
Overall Winner – Hetero Labs Limited, Dr. Vamsi Krishna Bandi, in partnership with Standard Chartered. This is awarded by our judges to recognise a project or solution that demonstrates something particularly special, outside of our defined categories. It could be something not seen previously or, as is the case this year, an innovative response to the specific challenges posed by the global COVID-19 pandemic. The response was quick, direct and urgently needed.
This category looks across the range of the E, the S and the G. We focus on sustainable projects including the finance related to the mitigation of and/or adaptation to climate change/CO2 emissions as well as investment strategies which incorporate ESG/CSR factors and solutions which relate to the achievement of sustainability-linked KPIs.
Efficient working capital is a key challenge for corporates of all shapes and sizes. This is all about improving key performance indicators of DPO, DSO, DIO, DWC and the cash conversion cycle. Overall Winner – PTT Exploration & Production Public Co. Ltd., Anutra Bunnag, in partnership with Bank of America. Highly Commended Winner – Sanofi S.A., Jackson Xu, in partnership with Citi. Highly Commended Winner - PLDT Group. Their partner DBS speaks with us about their winning solution and collaboration.
What does responsible investment mean to treasurers? Which factors are driving change in this area? And what sort of terminology should treasurers be aware of? Joshua Kendall, Head of Responsible Investment Research and Stewardship at Insight Investment, shares his views in the first of a series of three podcasts.
Technology is a key component in many of the submissions we receive and this is always a hotly contested category. We see projects ranging from the use of APIs and RPA to full-blown treasury technology transformation involving TMS/ERP integration and much more. Winner – Alibaba.com, Issac Chen, in partnership with J. P. Morgan. Highly Commended – Dairy Farm, Leslie Chan and May Lee, in partnership with ION Group. Highly Commended – AMS Sensors Holdings Asia Pte Ltd, Arno Gruner, in partnership with Deutsche Bank. Highly Commended – Microsoft, David Meunier.
Payables are key to any business. How do companies negotiate improved payment terms with their suppliers? We have seen an increase in the use of shared service centres and payment factories in recent years, and Payment-on-Behalf-of structures are a lot more common now. We also look at how companies manage their accounts receivables, including reconciliation. As with payments, we are now seeing Collection-on-Behalf-of structures emerging. Winner – Microsoft, Fanny Niu. Highly Commended – Chubb Insurance Australia Ltd, Gerard Sitaramayya. Highly Commended – Pontian Pei Chun Chinese Schools. Their partner UOB speaks with us about their winning solution and collaboration.
Risk continues to be top of every treasurer’s agenda, from foreign exchange risk, counterparty risk, commodity risk and interest rate risk to cyber risk, reputational risk and supply chain risk. It feels like corporates have never had more risks to manage, making this an ever- increasing critical responsibility for the treasury function.
Here we look at liquidity solutions such as cash pooling structures. Some are single country/single currency, whilst some corporates have implemented multi-country/multi-currency and even cross-currency arrangements which “follow the sun”, and one which goes ‘against the sun’ yet still respects value dating across time-zones.
Cyber-security continues to be a major issue for companies of all shapes and sizes with most household names having been victims of cyber-crime past, present and future. We look here at how an organisation is mitigating the threat of a cyber-attack.
This category looks at foreign exchange and solutions that have responded to the ever-evolving challenges this area poses to corporate finance professionals. From technology to new processes, change to a hedging strategy or a new FX requirement as a result of entering a new market or dealing with a new currency and/or client/supplier.
In this Episode, we explore the new categories we have added this year. A full list of categories can be found online at treasurytoday.com. Nominations are now open and will close on 12th April 2021.
In this special Women in Treasury podcast in our Treasury Talks series, we are joined by Meg Coates, Joint Publisher & Head of Operations at Treasury Today, Frances Hinden, VP Treasury Operations at Shell, and Yeng Butler, Senior Managing Director, Global Head of Cash Business at State Street Global Advisors, as they discuss the Women in Treasury 2018 Annual Global Study results.
In recent years, the focus on sustainability has been growing in popularity across the globe. With treasurers facing increasing pressure to imbed sustainability principles to support and drive their corporate’s strategy, the sustainability agenda sees no sign of abating. In the latest podcast with Treasury Today, we caught up with two pioneers leading the sustainability charge - HSBC and the Republic of Seychelles.
In our second instalment of the Treasury Talks podcast series, we revisit the global financial crisis of 2007/2008 and hear from Roman Kozhan, Professor of Finance at Warwick Business School on why the crisis happened. Then, Jim Colby, Assistant Treasurer at Honeywell and Fred Schacknies, SVP & Treasurer at Hilton Worldwide detail their experiences during the crisis, document the impact it has had on how corporate treasury departments operate and ponder whether something similar will happen again.
The Women in Treasury EMEA Forum 2020 featured a vibrant and insightful virtual panel discussion with four leading industry speakers, providing a lively debate of some of the key topics highlighted by the respondents of our Women in Treasury Global Study 2020, in association with State Street Global Advisors.
Female representation is currently one of the biggest topics in the global corporate world. Treasury Talks discusses the current situation, what companies can do, and our hopes for the future.
In this, our first edition of the Treasury Talks podcast created in partnership with the Singapore Association of Corporate Treasurers, we hear from some of the country’s leading treasury professions who talk about the treasurers changing role and highlight the skills you need to be a successful treasurer today.
For any corporate treasurer, cash and investment management will always be high up on the business agenda. This is truly apparent for the international travel giant Expedia Group – a business operating in over 70 different countries. In this latest podcast with Treasury Today, Expedia Group explains how the company managed to build a comprehensive solution to give it enhanced portfolio visibility across its 40+ currencies.
SWIFT’s global payments innovation (gpi) is arguably its most successful initiative for decades. With the gpi for corporates offering gathering pace, is it all it can be? In this Treasury Today podcast we’ll be exploring the latest developments with Eric Bayle, Director – Head of Global Transaction Banking, UK, Societe Generale, and Marc Delbaere, Global Head of Corporates and Trade, SWIFT.
The Women in Treasury US Forum 2020 featured a vibrant and insightful virtual panel discussion with four leading industry speakers, providing a lively debate of some of the key topics highlighted by the respondents of our Women in Treasury Global Study 2020, in association with State Street Global Advisors.
Earlier this year, we attended the Treasury & Finance in Africa Conference, run by Eurofinance, where we were able to catch up with Bohani Hlungwane, Regional Head of Trade and Working Capital at Absa Group to discuss the African Continental Free Trade Area and what it means for treasurers already in the region, and those looking to enter it.
Treasury Talks sits down with Royston Da Costa, Assistant Group Treasurer at Ferguson to talk about the technological revolution in treasury. Royston candidly shares his views on the impact that technology is having on his treasury department and what technology he wants to see develop and come into treasury departments in the near-future.
Managing over 30,000 FX spot, forward, and swap transactions worth over US$1trn a year, Shell’s existing FX management system was in desperate need of an upgrade. In the latest podcast with Treasury Today, Shell explains how a successful partnership with Bloomberg has resulted in a best-of-breed FX solution which helps manage its FX transactions.
We are delighted to launch our Adam Smith Awards 2021 – A Winner’s Guide podcast series. In this first short episode I will explain what the Adam Smith Awards are, why you should consider nominating and the key dates for your diaries. Nominations open on 25th January and close on 12th April 2021.
How can treasurers forced to work from home during the ongoing Covid-19 pandemic ensure they remain safe, secure and effective? In this Treasury Today podcast we explore the options in the company of Actualize Consulting’s Kerry Wekelo, COO, and Priscila Nagalli, Director, Treasury Practice Group.
In this Episode, we explain the criteria for entry, some tips to aide your submissions and what our judges look for when making their decisions. Nominations are now open and will close on 12th April 2021.
This category acknowledges the special relationship between buyer and seller. Letters of credit, guarantees and open account trading are common. We are now seeing much greater use of automation in traditionally paper-based processes. Blockchain is also seeing some traction in the trade space.
This category incorporates any relationship (internal as well as external) managed by the treasury function, such as investor relations, employee relations, ratings agencies, procurement etcetera, in addition to the core bank(s)/other service provider(s) relationships. Economic turmoil and the recent coronavirus pandemic have certainly focused minds on the value of relationships.
Here we look at how companies manage their accounts receivables, including reconciliation. As with payments, we are now seeing Collection-on-Behalf-of (COBO) structures emerging.
Many corporates are exploring alternative sources of funding, diversifying and/or refinancing their funding sources. We see many different types of funding submitted here and companies have taken the opportunity to benefit from the low interest rate environment. We’ve even seen one major company renewing its Revolving Credit Facility (RCF) based on the Secured Overnight Financing Rate (SOFR) in anticipation of the demise of LIBOR.
This category looks at foreign exchange and could be the use of technology, a new process, change to a hedging strategy or a new FX requirement as a result of entering a new market or dealing with a new currency and/or client/supplier.
This category is open to any woman operating in the corporate treasury environment who can demonstrate real innovation, achievement and someone who is an inspiration in her current role.
Our judges wanted specifically to recognise the challenges posed by the coronavirus or COVID-19 with this new category. This pandemic has created unprecedented times, with supply chains being adversely impacted, teams having to adopt entirely new working practices, relationships with internal as well as external parties changing beyond recognition, cashflow coming under the spotlight like never before and the entire corporate treasury environment has been turned on its head. We look at how our Overall Winner in this category responded.
Risk continues to be top of every treasurer’s agenda, from foreign exchange risk, counterparty risk, commodity risk and interest rate risk to cyber risk, reputational risk and supply chain risk. All are covered.
This category addresses any corporate treasury solution in Latin America and the Caribbean. A Regional Centre of Excellence is one company’s solution, with another focused on the challenges in Brazil.
This category recognises talent coming through the corporate treasury ranks. The individual may have excelled in a professional qualification or may be a future Finance Director or CFO.
The COVID-19 pandemic has been testing the skills of treasurers across the globe, and nowhere is this more evident than in how payments are sent and received. Mahesh Kini, Managing Director, Head – Cash Management, Asia Pacific at BNP Paribas explains how adopting options available now to ease the immediate strain can futureproof businesses.
LAST EPISODE IN THE SERIES: Payables are key to any business. How do companies negotiate improved payment terms with their suppliers? We have seen an increase in the use of shared service centres (SSCs) and payment factories in recent years and Payment-on-Behalf-of (POBO) structures are a lot more common now.
Here we look at sustainable projects including the finance related to the mitigation of and/or adaptation to climate change/CO2 emissions as well as investment strategies which incorporate ESG/CSR factors.
This category addresses any corporate treasury solution in the Middle East region. From the UAE to Saudi Arabia, we see some impressive solutions.
Efficient working capital is a key challenge for corporates of all shapes and sizes. This is all about improving key performance indicators (KPIs) of DPO, DSO, DIO, DWC and the cash conversion cycle (CCC).
Trading internationally can be challenging. Cash flow issues can arise between paying suppliers and getting payment. From distributor finance, pre-shipment finance and receivables discounting to forfaiting, factoring and payables finance, we look at some of these SCF solutions.
Any solution which demonstrates how the company manages/forecasts its cash is recognised here. It could be a simple single country/single currency/single bank solution, or a multi-country/multi-currency/multi-bank solution and might involve the use of an in-house bank or virtual accounts. Always a popular category amongst our corporate treasury universe.
This is awarded by our judges to recognise a project or solution which doesn’t quite fit one of the mainstream categories but really does stand out. It could be something not seen previously or, as is the case this year, a piece of work which specifically responded to COVID-19.
This category incorporates any relationship (internal as well as external) managed by the treasury function, such as investor relations, employee relations, ratings agencies and procurement, in addition to the core bank(s)/other service provider(s) relationships. Economic turmoil and the recent coronavirus pandemic has certainly focused minds on the value of relationships.
In this category we showcase how companies have addressed the trade-off between yield, liquidity, cash preservation and counterparty risk. AAA-rated money market funds are frequently involved, with CNAV, VNAV or Low Volatility Net Asset Value (LVNAV) funds included.
Cyber-security continues to be a major issue for companies of all shapes and sizes, with many household names having been victims of cyber-crime in recent months. We look here at how organisations are mitigating the threat of a cyber-attack.
This category addresses any corporate treasury solution on the continent of Africa. We feature solutions from Nigeria and South Africa.
Technology is a key component in many of the submissions we receive and is always a hotly contested category. We see projects ranging from the use of APIs and RPA to full-blown treasury technology transformation involving TMS/ERP integration and much more.
This category captures the emerging technology solutions. We have heard much about the fintech revolution, open banking, artificial intelligence, big data analytics, robotics, blockchain and other distributed ledger technologies. Some have moved beyond proof of concept and are now being used for real.
Here we recognise a corporate treasury team that has made an outstanding contribution to its organisation over the past 12-18 months. This could be purely the treasury team, or a broader team effort involving different disciplines across the enterprise and is the most coveted award.
Cards are no longer just a piece of plastic; corporate cards have become an integral part of the cash management set-up. Here we see how cards are being used to improve the T&E processes.
Here we look at liquidity solutions such as cash pooling structures. Some are single country/single currency, whilst some corporates have implemented multi-country/multi-currency and even cross-currency arrangements which ‘follow the sun’.
This category acknowledges the special relationship between buyer and seller. Letters of credit, guarantees and open account trading are common. We are now seeing much greater use of automation in traditionally paper-based processes. Blockchain is also seeing some traction in the trade space.
Over the course of 2019 Treasury Dialogues delivered groundbreaking content across APAC. In 2020, we are excited to take Treasury Dialogues global. This multimedia collaboration between Treasury Today and Citi has given a voice to leading treasurers across Asia and is a must-watch for every treasury professional. Listen to the short audio teaser of all four episodes featured in 2019, and find the links below to view the full series, including interviews, infographics and articles.
Treasury Today Group and State Street Global Advisors launched the first, virtual edition of their co-hosted Future Treasurer series of roundtable events. These events are an evolution of the work that the two companies have done together over the past three years focusing on female representation, inclusion and diversity. In this podcast episode you can listen to some of the content from the first virtual event, where attendees heard from speakers Lynda McGoey, Global Head of Trade Finance at General Electric and Kim Hochfeld, Senior Managing Director and Global Head of Cash Business at State Street Global Advisors and from their peers as they shared best practice advice for the future of treasury and discussed the recent challenges of working amidst a global pandemic.
Any solution which demonstrates how the company manages/forecasts its cash is recognised here. It could be a simple single country/single currency/single bank solution, or a multi-country/multi-currency/multi-bank solution and might involve the use of an In-House Bank (IHB) or virtual accounts. Always a popular category amongst our corporate treasury universe.
This category is open to any woman operating in the corporate treasury environment who can demonstrate real innovation, achievement and someone who is an inspiration in her current role.
This is the second episode of the Thriving Treasury Podcast series, brought to you by Treasury Today and HSBC. In this podcast we look at new and innovative ways of using virtual accounts. We speak to Matthew Wagstaff, Global Product Manager Virtual Accounts, Global Liquidity & Cash Management at HSBC to find out about the ways they are being deployed by corporates today. Matthew is an expert on virtual accounts, leading HSBC’s innovation in this space, and helping many clients implement solutions.
The transformational impact that technology is having on financial services is there for all to see. For corporate treasury departments, this is creating a multitude of exciting new opportunities to optimise how they operate and add further value to their organisations. In this, the first episode of our Expert Voices podcast series, we speak to Dr Andrei Kirilenko, Director of the Centre for Global Finance and Technology at the Imperial College Business School, Zac Nesper, Assistant Treasurer at HP, and Michael Spiegel, Head of Cash Management and the Regional Head of Global Transaction Banking Germany at Deutsche Bank, to analyse the key technology trends impacting corporate treasurers. We also discover how treasury can harness the potential of new technology and drive greater value across the organisation.
This is the second episode of the Treasury Insiders podcast series brought to you by Treasury Today and BNP Paribas. In this episode we look at the evolution of e-commerce amidst the backdrop of the global pandemic. Sophie Jackson is joined by Neil Pein, Head of Payments Transformation and Global Head of Acquiring at BNP Paribas who offers an insight into this space.
The world of commerce is becoming real-time, as instant payment mechanisms emerge around the world. This is having a profound impact on how businesses operate and serve customers who expect a user-friendly and seamless experience when pruchasing goods or services. Corporate treasury is at the heart of this and has a crucial role to play in ensuring that the business can function smoothly in a real-time world. In this, the second episode of our Expert Voices podcast series, we speak to Jonas Hedman, Associate Professor, Copenhagen Business School, Carola Schmitz-Becker, Vice President Corporate Treasury at Deutsche Post DHL, and Lothar Meenen, Global Head of Corporate Cash Management Sales, GTB Cash Lending, CBNL for Cash Management, Deutsche Bank, to understand how real-time payments are impacting treasury departments. We also ask whether a truly real-time treasury ecosystem can be created using the technology that is available today and the effect this might have on cash and liquidity management.
Sustainability is becoming an increasingly important focus for corporate treasurers – and this was the focus of a recent virtual roundtable hosted by Treasury Today and Standard Chartered. A panel of expert speakers discussed the impact of COVID-19 on sustainability initiatives, the benefits of sustainable supply chain finance initiatives, and the impact of regulation on this space.
The adoption of technology in corporate treasury is reaching a tipping point. Bottomline’s latest podcast with Treasury Today unveils the meaning of payments innovation.
Morgan McKenney, Head of Core Cash Management (Asia Pacific) at Citi discusses how ecommerce is impacting business models and behaviour of organisations in Asia Pacific.
A shakeup of the European money fund industry is underway as regulatory reforms push fund providers to adjust their offerings. Whether you are an existing or potential money market fund investor you need to understand the new environment and types of funds being offered. In this podcast Kim Hochfeld, EMEA Head of Liquidity Distribution, Douglas McPhail, Senior Portfolio Manager and Scott Wachs, Global Liquidity Product Head for Morgan Stanley, look at the regulatory hurdles ahead and what investors can do to prepare for the change.
Here we showcase any treasury in the PRC that has implemented, or is in the process of implementing, a cash/liquidity management, card, trade/SCF, WCM/AP/AR, funding/ESG, FX, risk and/or technology/cyber security/fintech solution.
It’s still early days for open banking but already much is expected of the initiative, not least for corporate treasurers. In this special, final episode of our Expert Voices podcast we talk to a range of experts about the potential benefits of open banking and APIs for treasurers in managing their balance sheets and how banks and fintechs can help deliver solutions to that end.
In this category we showcase how companies have addressed the trade-off between yield, liquidity, cash preservation and counterparty risk. AAA-rated money market funds are frequently involved, with CNAV, VNAV or Low Volatility Net Asset Value (LVNAV) funds included.
This category recognises talent coming through the corporate treasury ranks. The individual may have excelled in a professional qualification or may be a future Finance Director or CFO.
The way that companies use commercial cards has been significantly affected by the COVID-19 crisis – but while T&E volumes have inevitably fallen, the use of cards for B2B spend is on the rise, explain HSBC’s Jo Towers and Brian Tomkins.
During a virtual Leaders’ Workshop “Inclusion in Action” supported by J.P. Morgan, panellists discussed the importance of mentors and role models, tying inclusion and diversity progress to performance targets, and the importance of managing inclusion in real-time.
This category captures the emerging technology solutions. We have heard much about the fintech revolution, open banking, artificial intelligence, big data analytics, robotics, blockchain and other distributed ledger technologies. Some have moved beyond proof of concept and are now being used for real.
On 17th September, Treasury Today and State Street Global Advisors hosted the next in their series of Future Treasurer roundtables. This virtual event included an insightful look at the evolving role of the treasurer, as well as the challenges brought by recent months and how new working conditions may have affected progress made in furthering diversity and inclusion.
This is the third episode of the Thriving Treasury Podcast series, brought to you by Treasury Today and HSBC. In this episode, Suraj Kalati, HSBC’s Global Head of Liquidity & Investments Product Management, explains why expertise in data analytics is becoming increasingly critical for treasurers as they seek to better manage working capital, liquidity and risk and how they can go about finding the analytics solution that best suits their needs.
“In a relatively short time frame, most of the world will have adopted real-time payment systems in one form or another, and they will come to dominate the way in which we all interact.” That’s the view held by Victor Penna, Head of Cash Management for Europe & Americas, and Global Head of Structured Solutions Development, Cash at Standard Chartered.
Many corporates are exploring alternative sources of funding, diversifying and/or refinancing their funding sources. We see many different types of funding submitted here, from a diversified mix of funding to Panda and hybrid bonds.
We rarely give APIs, the hidden technology that allows multiple applications to interact, exchange and obtain data, a second thought. Yet they are crucial tools enabling a cost effective and frictionless business experience that allows treasury to connect across the business and with banking partners, explains Nadya Hijazi, Global Head of Business Banking Digital at HSBC.
Treasury Insiders is a new podcast series brought to you by Treasury Today and BNP Paribas. The first episode focuses on the impact of the crisis on treasurer’s liquidity, investment strategy, centralisation and more as BNP Paribas offer solutions to treasurer’s painpoints. Sophie Jackson is joined by Coralie Van Zyl, Head of Product Development Payments and Receivables, Wim Grosemans, Global Head of Product Management – Payments & Receivables and Mariya Tretyak, Head of Global Cash Pooling Products at BNP Paribas.
Treasurers seeking an organisation-wide, cost-effective, frictionless technology experience need to be thinking about APIs. To discover how they can remove barriers to automation, solve common pain points and potentially deliver unprecedented levels of system flexibility, agility and scalability, join Nadya Hijazi, Global Head of Digital, Global Liquidity and Cash Management and Business Banking, HSBC.
It goes without saying that Know Your Customer (KYC) has been the bane of corporate treasurers’ lives for many years. With more than 1.3 million bilateral correspondent banking relationships across the industry, and countless more for corporates, how is SWIFT meeting the challenges and the needs in this complex arena?
Trading internationally can be challenging. Cash flow issues can arise between paying suppliers and getting payment. From distributor finance, pre-shipment finance and receivables discounting to forfaiting, factoring and payables finance, we look at some of these SCF solutions.
Short-term investors have seen interest rates hit new lows, turn to zero and, for some, go negative. Can treasurers do anything to enhance yield without taking unacceptable risks? Will Goldthwait, Vice President, Portfolio Strategist, State Street Global Advisors explores the options.
In the battle against cybercrime, treasurers are playing a key role. In this podcast, Benjamin Knierim, Sales Director for EMEA at Bellin, explains that with well-managed systems and the right process controls in place, organisations can stay safe whilst keeping the transactions flowing.
On August 20th, Treasury Today Group gathered its West Coast community for the second in its digital interactive lunchtime Future Treasurer events. Attendees from the San Francisco, Seattle and Palo Alto regions were jointly hosted by Meg Coates, Publisher & Head of Operations and Sophie Jackson, Publisher & Head of Strategic Content from the Treasury Today Group, Kevin Zimmerman, Head of US Cash, Direct Channel and Charlie Praska, Director of Cash Business Development at State Street Global Advisors.
In this the third episode of our Expert Voices podcast series we look at cyber-security, undoubtedly one of the biggest challenges faced by corporates and financial services firms. We tap into academic expertise in the field and find out how treasurers view the challenge of cyber-security and the strategies they are employing to protect their organisations against cybercrime and online fraud.
China and India are Asia Pacific’s two leading economic powerhouses and provide vast opportunity to corporates looking to achieve growth in the region. Yet these giant economies also present unique challenges, especially to corporate treasury. Treasury Today Asia speaks with Amol Gupte, Head of ASEAN and Citi Country Officer for Singapore to learn from his regional experience. Cutting through the reams of coverage and hype, Amol shares his long term view of the realistic potential of China and India for corporates. Hear about the key opportunities and the vital changes both countries must make to deliver results on the global stage.
With treasurers and their organisations focusing more closely than ever on ESG and sustainability, it’s important to pin down what ESG really means and how treasurers can tackle this issue.