Day 3. Putting it all together for future success: The Geneva treasury accords
On the last day of the conference we are looking more carefully at relationships having heard the many developments that have taken place in banking, technology, treasury tools, structures and trends. Relationships form the basis of good treasury. But first a look at managing stress and pressure…
08:00
REFRESHMENTS AND EXHIBITION OPENS
09:10
Chair’s welcome to Day 3
Andrew Sawers: Editorial Director, EuroFinance
09:15
Treasury nightmares (Panel)
This is more than a covenant breach or a currency bet that went south; these companies have faced near-ruin, but were turned around by a new breed of treasury diplomat. Someone that is able to negotiate for the company at the worst of times and remain calm and focused with a clear eye on the end goal: survival, turnaround and then growth. This interesting mix of industries and adverse circumstances will offer salutary advice and lessons learned about the role treasury can undertake in any crisis – whether financial, economic or business-related. More broadly, the global financial crisis put treasury into the limelight like never before: what will this mean for the future focus of treasury professionals?
Ellen Cornelissen: Director Treasury Europe, Aleris, Switzerland
Dennis A. Tosh: Director, Global Trading & Automotive Risk Management, Ford, USA
Mike Verrier: Group Treasurer, Wolseley plc, UK
10:15
“Business as un-usual” (Keynote speaker)
As companies move on from crisis and managing uncertainty, what will they face next? Stéphane Garelli, director of the World Competitiveness Centre (the renowned analysis of the competitiveness of nations and a reference tool for governments and businesses around the world) and Chairman of the board of Le Temps is also professor at both the International Institute for Management Development (IMD), and at the University of Lausanne. He will offer you invaluable insights into what should be your immediate business concerns including the threat of double dip recession. He will talk about global trends beyond 2011 and changing business models including the demand for better transparency, simplicity and accountability. What do you need to know about shifting imbalances that will impact how you do business? How can you remain competitive in a new world? Economics need not be boring when closely tied to your business strategy. Garelli, with great acumen, offers an ability to link the two.
Stéphane Garelli: Professor at IMD Business School Lausanne, Switzerland
11:00
REFRESHMENT BREAK
11:15
The future of banking (Panel)
Companies have lost trust in their banks and are looking for ways to lessen their dependence on them for funding and services. They consider their banks to be slow to change and don’t care that their banks are lumbering under legacy systems and infrastructure; they just want results. So what are banks doing in response? They are threatened on a number of fronts. The introduction of the Payment Service Directive (PSD) created a new category of payment institutions and may well offer corporates faster, better priced services. In the supply chain space technology firms that are more agile can offer newer technology and are foraging into actual financing. Even companies are getting into the act with a European bank for corporates owned by corporates to reduce end-user funding costs. Meanwhile the big global transaction banks are facing competition from smaller regional banks that fared well from the crisis. Is this the end of corporate banking as we know it? What is the future for your bank and what should its role be: an aggregator of services for the corporate or the actual provider of all those services? Where will banks compete or complement? How can banks, companies and suppliers in the treasury space work together for the future?
William “Dub” Newman: COO Global Corporate Banking, Bank of America Merrill Lynch, UK
Marcus Hughes: Director of Global Marketing, Bottomline Technologies, UK
Mike Jones: Senior Manager, Core Payments Group, Paypal, UK
Philippe Roca: Managing Partner, Corporate Funding Association, France
Andrew Long: Group General Manager and Head of Global Transaction Banking, HSBC, UK
Ossi Leikola: Head of Transaction Products, Nordea, Finland
Peter Matza: , Association of Corporate Treasurers, UK
12:30
It’s treasury, but not as we know it: What’s in the pipeline to make life easier (Panel)
From innovations by leading technology players to future products and services that will be offered by the banks, new applications will change how treasury operates. But treasury is a community, so who is serving its needs and leading the right initiatives that will make a difference to how you manage your cash, liquidity and risk? And, perhaps more importantly, who will give you information about these three areas? Some believe that Swift has missed an opportunity here and should give up its mantle to technology providers who can respond more aggressively. Others think Swift should seize the opportunities to develop more services and channels that would change the very nature of how companies manage money and information. How realistic a goal is that? Are your banks and technology providers up to the challenge? What really needs to happen to make standards and technology work for corporates? This panel will help the treasury community develop an agenda and a blueprint for innovation.
Jack Large: Partner, J&W Associates, UK
Tibor Szigeti: European Head of Corporate Product Development, Bloomberg, UK
Jean-Marc Servat: Director of Treasury EMEA, Asia Pacific, Cisco Systems International Sarl, Switzerland
Paul Bramwell: SVP Treasury Solutions, SunGard, USA
Alistair Crane: CEO, Grapple Mobile, UK
Jonny Evans: , Technology Pundit, UK
