Omar Paz

Head of Global Foreign Exchange

eBay, Inc., USA

Industry:
Internet retail / technology
Annual turnover:
€6.8bn based on full year 2010
Treasury staff:
42
Treasury structure:
Central treasury, with regional offices in Europe and Asia
TMS:
No
Cross-border pooling:
Yes
Cash rich or debt:
Cash rich, with debt outstanding

Speaker profile

Omar Paz is the Head of Global Foreign Exchange at eBay, Inc. He is responsible for the hedging of over $2B of corporate earnings and the processing of over $9B and PayPal customer FX transactions. He spent 5 years working for various Wall Street firms, namely Citibank and Piper Jaffray, in corporate cash management functions, and prior to that he spent 6 years at the Microsoft Corporation as a Senior Portfolio Manager. He holds the distinction of being a Chartered Financial Analyst, as well as a Certified Treasury Professional.

Corporate profile

eBay Inc. (eBay) bring together buyers and sellers every day on a local, national and international basis through a range of Websites. It provides online marketplaces for the sale of goods and services, as well as other online commerce, or ecommerce, platforms and online payment solutions to a diverse community of individuals and businesses. It operates in two business segments: marketplaces and payments. eBay generates two types of net revenues: net transaction revenues, marketing services and other revenues. Its net transaction revenues are derived from listing fees and final value fees, which are fees payable on transactions completed on its marketplaces trading platforms, and fees paid by merchants for payment processing services. In June 2010, the Company acquired RedLaser. In December 2010, it acquired Critical Path Software. In June 2011, it acquired GSI Commerce, Inc. In August 2011, the Company acquired Zong. In August 2011, the Company acquired Magento, Inc.