Treasurers today are operating in a new economic environment – or at least one not seen for decades – of high interest rates and high inflation. In this specially extended webinar, in association with Insight Investment, featuring experienced treasurers who have seen and operated in these environments in the past, we will be explored what treasurers of today need to know, and how their strategies need to change to reflect the new context.
We started with a presentation from Andy Burgess, Fixed Income Investment Specialist at Insight Investment, followed by a panel discussion featuring a selection of treasurers who shared their insights and perspectives, based on a wide range of experiences across many years. Watch this webinar to:
Andy joined Insight in August 2014 as a fixed income investment specialist. Andy joined Insight from GE Asset Management (GEAM) where he was a portfolio manager responsible for managing the Euro Fixed Income Fund. Prior to this, he held various portfolio manager roles at GEAM’s predecessor companies. He started his investment management career in 1997 at National Mutual Life as an assistant portfolio manager, with a focus on Far East equities. Andy graduated from the University of Bristol with a BSc in Economics and Economic History and is an Associate of the CFA Society of the UK.
Chris joined Insight (then Clerical Medical Investment Management) in 1994 as a member of the in-house Securities Lending Team, responsible for collateral management and corporate actions. In 1997, he transferred to the Money Market Team as a trader and in 1999, Chris was promoted to a portfolio manager with responsibility for money market/cash funds denominated in sterling, euro and US dollars. He assumed responsibility for the Money Markets Team in June 2017. Chris holds a BA (Hons) degree in Art History from the Courtauld Institute of Art (London). He is a registered Securities and Financial Derivatives Representative and holds the Investment Management Certificate from the CFA Society of the UK.
ACT Council Chairman for 1990 and 1991, John’s first involvement with corporate treasury was in 1971 in an FT 30 company. Leaving in 1982 as deputy treasurer, he moved to a FTSE 100 firm as director of treasury (adding tax and corporate finance). In 1986 he went to Cadbury Schweppes, adding insurance and property, retiring in 1999 as confectionery finance director. Persuaded to be ACT Policy and Technical Director for a couple of months in 2002, he stayed to 2015. With a former deputy treasurer of US GE he still ensures non-financial firm representation on the LIBOR Oversight Committee.
Charlotte Morgan has served on the ACT Council and was Vice President in 2020-21. She is Non-executive Director and Audit Committee Chair at SMBC Bank International plc, and Non-executive Director and Audit Committee Chair at Union Bank of India (UK) Limited. From 2014 – 2018 she was a Non-executive Director at Ford Credit Europe (FCE Bank plc). During her executive career she was Head of Corporate Treasury and Tax at Standard Chartered plc, amongst other senior finance roles. She has served as a trustee in arts and education charities, currently as a Governor of Westminster University. She is a qualified Treasurer and a Chartered Accountant, and is a member of the ACT’s Policy & Technical Advisory Panel.
Fiona Crisp has been a member of The Association of Corporate Treasurers since 1984, was made a Fellow in 2006 and was President in 2016/17. Fiona has been an independent treasury consultant for over 25 years. Her consultancy projects and interim roles have been extensive and varied, for companies in the utility, financial services, pensions and leisure sectors. She focuses on corporate finance and risk management projects. Fiona has been a NED for Family Building Society for over 4 years, where she has chaired the Risk Committee and Pension Trustees as well as being on the Audit Committee.
Sarah has extensive corporate experience with over two decades in industry working in a wide range of finance and treasury roles with companies including Cadbury and Whitbread. A qualified accountant, she now spends her time applying her insights to practical use, enabling others to understand how the corporate financial world works and the relevance of developments in financial markets on their day to day activities. She is an associate Member of the ACT.
ACT Webinar: Operating in a high-inflation, high interest-rate environment: experiences of established treasurers, took place on Monday 14 November 2022
