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Session 1 10:00 - 10:45 BST
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Opening keynote: Leading through changes During this session Kim will share her insights and top tips for successfully leading self & others through times of change. She'll cover:
Kim Wylie, Global Director of People Development & Change, Farfetch |
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Session 2 12:00 - 12:45 BST |
Shared service centres: Is the future virtual? As an enhancer of efficiency, shared services centres, and their related counterpart, global business centres, have increased in recent years with treasury operations taking an ever greater prominence. But with RPA automating many of SSC’s processes particularly around payment processing and reconciliation, where does their future lie? And in light of the COVID-19 crisis, are virtual SSCs the answer? Facilitator: David Coulson, Business Development Manager, ACT Panellists: Mike Foye, Director, Treasury Operations Global, Mondelez Diana Iulia Macarascu, Head of Global Treasury Operations, British American Tobacco David Munday, UK Group Treasurer & Business Partner, Innogy |
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Session 3 13:00 - 14:00 BST
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What’s next for your TMS? A TechTalk style session with demonstrations of a selection of treasury management systems, with a focus on new features in development, followed by an extended Q&A session to allow treasurers to quiz potential providers on what’s available. Facilitator: Peter Matza, Speakers’ Chair, ACT Panellists: Naresh Aggarwal, Associate Director – Policy & Technical, ACT Ben Beach, VP, Global Head of Corporate Sales, Treasury Xpress James Kelly, Group Treasurer, Pearson Chris van Dijl, Founder, Cugavadi |
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Session 4 14:30 - 15:15 |
Transfer pricing for financial transactions Best practice approach on pricing intercompany financial transactions in line with the recent OECD transfer pricing guidelines. Zanders will present a practical end-to-end methodology for intercompany loans and financial guarantees. Lastly, the session will go into more detail on the pricing of cash pool and in-house bank interest rates. Melanie Beirens, Senior Consultant, Zanders Inside Casimir Leuridan, Manager, Zanders Inside |
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Session 5 16:00 - 17:00 |
Interview with The Archbishop of Canterbury The Archbishop of Canterbury will be joining us to talk about transformation as he sees it, especially with respect to people, and relating back to his earlier role as a corporate treasurer. Facilitator: Caroline Stockmann, Chief Executive, ACT Interviewee: The Most Revd. Justin Welby, The Archbishop of Canterbury |
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Pre-recorded Join at any time |
Negative interest rates Given the possibility of a severe and prolonged recession, there is an increasing likelihood that interest rates could be cut into negative territory. This ALMA led session will examine both the business and infrastructure implications associated with negative interest rates. Facilitator: Chris Blake, Education Director, UK Asset and Liability Management Association (ALMA) Panellists: Charles Wood, Head of Balance Sheet Risk, Nationwide Colin Johnson, Chief Product Officer, ALMIS International |
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Pre-recorded Join at any time |
The CEO and transformation It is essential that leaders are on board with strategic change in an organisation, so join this discussion to hear from four Chief Executive Officers about their views on transformation, and how the current crisis and other ‘disrupters’ have accelerated organisational change. Facilitator: Caroline Stockmann, Chief Executive, ACT Panellists: Inger Ashing, CEO, Save the Children International Peter Cheese, Chief Executive, CIPD Thomas Davies, Founder and CEO, Temporall
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Session 1 10:00 - 11:00 BST
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The future of cash-flow forecasting In the very uncertain COVID-19 world, cash flow forecasting has proved key for treasurers to truly understand their positions at a time when liquidity is key and cash limited. But despite the emergence from lockdown, predictions are more challenging than ever, and data is key to accurate predictions, but if it is scarce or extremely volatile, can systems still work? And what are the limits of the systems when behavioural and human aspects play such a fundamental role? Are developments in the footing to provide a more rounded and accurate solution to best prepare treasurers for unprecedented times? Facilitator: Caroline Stockmann, Chief Executive, ACT Panellists: James Adams, Group Treasurer, Chalhoub Nicolas Christiaen, CEO & Co-Founder, Cashforce Gerard Tuinenburg, Director Systems, Innovations and Transactional Banking, Treasury, Unilever Ginny Wu, Group Financial Controller, Walker Shop Footwear |
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Session 2 13:00 - 14:00 BST |
Using SaaS platforms to deploy multi funder working capital solutions for corporate treasurers The world of working capital solutions and trade finance is widely considered to be under invested from a technology perspective. Recent years have seen start-ups and established players race to find solutions to this problem with new technologies such as blockchain and AI designed to transform the market whilst new financing techniques have been developed by aggressive new entrants into the market: all focussed on an estimated $1.5 trillion gap between the demand and supply of trade finance globally. With the crisis now shining a light on these grand plans we bring the discussion back to basics. In this powerful session with technology provider Demica, along with bank and corporate representatives we discuss the urgent and pressing needs of corporate treasurers globally when it comes to the deployment of working capital solutions, how banks are thinking about the deployment of capital in this environment and how can technology be leveraged to make the process quicker and more efficient. Facilitator: Brian Shanahan, Director, Informita Panellists: Maurice Benisty, Chief Commercial Officer, Demica Frederic Bourgeois, Managing Director, UK & Ireland, Coface Merisa Lee-Gimpel, Director, Head of Trade Innovation, Lloyds Banking Group Richard Walker, Group Treasurer, Nomad Foods |
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Session 3 14:30 - 15:15 BST
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Automating FX in the post-COVID world Recent global lockdowns have reinforced the importance of automating FX management within the treasury function. With many treasurers worldwide suddenly working-from-home, we’ve seen first-hand the benefits and resilience of automated digital FX solutions. In the early months of the pandemic spread, we saw FX volatilities widen the FX spreads across currencies – more so in emerging market currencies – which has highlighted the importance of transparency in FX pricing. This session focuses on four key trends in the transactional FX space – automation, transparency, technology and cost optimization – and how treasurers can make the most of new technologies. Sat Khuntia, Head of FX Sales, Corporate Banking, Barclays |
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Session 4 16:00 - 17:00 BST
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Bank connectivity: utilising APIs and Open Finance Cash flow forecasting is important to predict, but cash visibility is as much so as a result of the need to understand current positions, and a revolution is in progress through the advance of APIs as part of Open Banking. How can treasurers best utilise Open Banking, and is this a prime example where bank-fintech collaboration can further accelerate treasury transformation? Facilitator: Naresh Aggarwal, Associate Director – Policy & Technical, ACT Panellists: Dan Globerson, Head of Open Banking, NatWest Conor Maher, Head of Transaction Banking, NatWest Kevin McCallum, Chief Commercial Officer, FreeAgent |
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Pre-recorded Join at any time |
A data-science led approach to cash forecasting: a case study Data is key to accurate cash forecasting, and in this case study, hear from a treasurer who transformed their cash forecasting using data, coupled with machine learning, to provide more accurate forecasts with reduced workload. Vincent Delort, Capital Markets & FX Risk Manager, JTI |
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Pre-recorded Join at any time |
Business continuity planning and transformation: the strategic view Transformation, particularly in large treasury teams, is accelerating, but the COVID-19 crisis has highlighted the importance of business continuity planning. The session will look at transforming how treasurers look at BCP, and how this extends both beyond treasury and the wider company. Facilitator: Caroline Stockmann, Chief Executive, ACT Panellists: Simon Neville, Group Treasurer, Reckitt Benckiser Paul Rosen, Head of Treasury Advisory & Assurance, NatWest Treasury Davinder Valeri, Director, Strategy, Risk & Performance, CPA Canada |
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Session 1 10:00 - 11:00 BST
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Transforming treasury teams and their working practices The sudden shift to working from home has affected many in treasury and although flexible working was already on the rise, home working has been accelerated in recent months. How will this affect the location of treasury teams going forward, and what more can be done to further bring acceptance around the concept of virtual working? What role can technology play in this? Many virtual working myths have been dispelled through the current crisis, and many benefits have been experienced, but what are the practical implications of this new way of working? Facilitator: Peter Matza, Speakers’ Chair, ACT Panellists: Marcia Uy, Director, Global Commercial Treasury, Rio Tinto Staney Pullolickel, Regional Treasurer (Commercial) - MENAT, SSA & Asia, GE Royston Da Costa, Assistant Group Treasurer, Ferguson |
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Session 2 13:00 - 14:00 BST |
The strategic treasurer: the changing role and perspective of a treasurer in a transformed world As the ACT’s Business of Treasury 2020 outlined, there is a changing set of priorities within the treasury world with the current crisis magnifying this change. What does the role of treasurer in the new age look like? And in a post-COVID world, where resilience becomes more important at the expense of efficiency, how will this new environment affect a treasurer’s role with respect to how they approach financial risk and opportunity? Facilitator: Fiona Crisp, Past President, ACT Panellists: Rachael Crocker, Head of Practice - Treasury, Brewer Morris Bjork Hupfeld, Global Treasurer, The Hershey Company Muir Mathieson, Treasurer, Nationwide Building Society Oliver Whiddett, Group Treasurer, Tate & Lyle |
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Session 3 16:00 - 17:00 BST
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Treasury talent in a world of accelerated transformation Businesses need to transform to stay relevant: fintechs are usurping incumbents at their own game; and what is true of organisations is also true of people. As the treasury function transforms, the people in it also need to transform to equip themselves with the skills for the future. Carrying on with business as usual will mean you’re left behind, and so there is the need to embrace the transformation and personally adapt to the new environment, with an appetite for innovation. And as a treasurer’s relationship with data becomes ever more important, will its analysis become part of a treasurer’s role or will data scientists join the treasury team? This session will discuss how to create transformation in human capital in treasury, considering the opportunities for talent in a digital world with accelerating change. Facilitator: Caroline Stockmann, Chief Executive, ACT Panellists: Jayesh Hirani, Assistant Treasurer, SEGRO Tram Anh Nguyen, Co-Founder, CFTE Mike Richards, Chief Executive Officer and Founder, The Treasury Recruitment Company |
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Pre-recorded Join at any time |
The importance of education in changing times A session to discuss the importance of education and the role of ACT qualifications in keeping up-to-date in this period of rapid transformation. Facilitator: Janet Legge, Director of Awarding Body, ACT Panellists: Amanda Bradley, Executive Coach, Liberty EQ Adrian Sargent, Founder & Managing Director, ESG Treasury Marc Granville, Director, Head of Executive Education, International Capital Market Association (ICMA) Chris van Dijl, Founder, Cugavadi |
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Pre-recorded Join at any time |
Mental health: An increasing problem but with a greater societal focus? The challenges of the virus, coupled with the economic pressures and isolation resulting from the lockdown is leading to great pressure on everyone’s mental health, and so this session will discuss the latest thinking about how to look after teams in this environment, and whether the crisis is transforming how society looks at mental health due to its increased prominence. Facilitator: Caroline Stockmann, Chief Executive, ACT Panellists: Lynda Funke, Partner, Fidelio Partners Lloyd Peckham, Clinical Psychotherapist Joe Peka, Deputy Treasurer, Urenco |
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Session 1 10:00 - 11:00 BST
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Treasurers as the target: tackling increased cyber risk and fraud Enhanced usage of technology, whether to assist remote working or as part of treasury processes, has unarguable benefits, but there are risks, first and foremost being cyber risk and fraud. Since remote working became the norm due to country lockdowns, less-secure personal systems and products have led to increased cyber attacks. And the treasurer is a key target for fraudsters. What are the increased risks that treasurers should consider and what can they do to better protect themselves and their organisations? Can using cloud-based treasury solutions provide a greater defence to minimise cyber risk? Facilitator: Jeff Ando, Director, Content & Production, Global Trade Review (GTR) Panellists: Nithai Barzam, Chief Operating Officer, nsKnox Andy Bates, Executive Director, UK, Middle East and India, Global Cyber Alliance Simon Viney, Cyber Security Financial Services Sector Lead, BAE Systems |
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Session 2 12:30 - 13:30 BST |
Cutting through the noise to make treasury transformation happen Protectionism, seen via trade wars, was already on the agenda prior to COVID-19 and the effect of the virus has been for countries to look even further inwards; but what will the lasting effect of this be? And what will the new economy look like, and within this, how will the new regulatory environment look, particularly in light of increased government intervention in how businesses are run? Combined with the complexities of Brexit, how do you make treasury transformation happen in such a 'noisy' environment? Facilitator: Iain Anderson, Executive Chairman, Cicero/AMO Panellists: Eugene Banja, Treasurer, African Guarantee Fund Andrew McMichael, Group Treasurer, Agility Charlotte Morgan, NED & Audit Committee Chair, Sumitomo Mitsui Banking Corporation Europe Rick Watson, Managing Director and Head of Capital Markets, AFME |
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Session 3 16:00 - 17:00 BST
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Building back better and the increasing importance of ESG: will the phoenix rise from the ashes? The focus in the post-COVID environment to build back better and reset the environmental, social and governance contract between business and society is accelerating the already increased focus on ESG. Has the current crisis particularly highlighted the social and governance issues in our world, as well as the wider human impact on our way of living? The closing discussion will consider this acceleration and the ongoing impact for treasurers. Facilitator: James Winterton, Associate Director – Policy & Technical, ACT Panellists: Caron Bradshaw, Chief Executive, Charity Finance Group Ines Faden da Silva, Group Treasurer, Tideway Sir Roger Gifford, Chairman, Green Finance Institute |
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Session 4 17:15 - 18:00 BST |
Closing keynote: Doing digital: lessons from leaders There is a small group of banks who are transforming to be digital banks. As we all know, this is incredibly difficult for a long-established bank with thousands of people and millions of customers. What are they doing right? How are they doing it? Why do we think they are digital banks? Is there a way we could all follow their path? During the last year, Chris Skinner has been travelling the world, talking to banks that are doing digital. He selected five to be case studies for his new book - JP Morgan Chase, ING, BBVA, DBS and China Merchants Bank. From those interviews and discussions, Chris has found many lessons from banks that are doing digital right, and will share these lessons with the audience. The lessons learned can be applied to any company in any sector moving from the industrial to the digital age. The fundamental need of every company to embrace digital transformation and move away from business as usual is essential to adapt to the internet age. Chris Skinner, Author, Commentator and Troublemaker |
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The CFO and transformation As much as with treasury, the wider finance function is encountering transformational change, so join this discussion to hear from a selection of Chief Financial Officers to hear more about this, and how the COVID-19 situation is transforming how we work going forward. Is risk management being considered differently? What role is technology having in transformation? Facilitator: Caroline Stockmann, Chief Executive, ACT Panellists Neil Garrod, Chief Finance Officer, Greensill Pooja Gupta, Head of Finance, Oncology, Novartis Matthew Hurn, Executive Director – CFO, Alternative Investments & Infrastructure, Mubadala |
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Pre-recorded Join at any time |
The virtual handshake Greetings vary around the world: a handshake in the Anglo-Saxon world may be cultural norm, but this isn't the case worldwide, and the rapid usage of virtual meetings has led to an additional aspect of uncertainty at a time when it is already abundant as a result of COVID-19. This session looks to provide both advice of how to make a virtual meeting a success from Jeff Allen at Willis Towers Watson, as well as provide some insights into greetings in the virtual world from treasurers across the globe. Facilitator: Caroline Stockmann, Chief Executive, ACT
Speaker: Jeffrey Allen, Managing Director, Client Management, Willis Towers Watson Panellists: José Carlos Cuevas, Associate Partner - Strategy & Transactions, EY Jean-Marc Servat, Chair, European Association of Corporate Treasurers Ginny Wu, Group Financial Controller, Walkershop Footwear |
This fully virtual international event took place on13-16 July 2020.