He might not have specifically chosen treasury as a profession, but Giacomo Baldi has made the most of his time in the industry – and gathered a number of great career tips along the way. Here, he shares some of the most valuable experiences of his career and some of the best advice he’s been given.
How did you come into treasury and what attracted you to the profession?
Actually, it was a decision taken by the business. By the time I was 32, I’d already had roles in the controllership and commercial finance functions within the company, which gave me the opportunity to display my problem-solving character. Seeing this, and my positive attitude to work, the company suggested that I moved into the treasury department. I was happy to accept the new role as another step forward in my career.
How has your career progressed through to the role that you hold today?
The company went through a strong period of organic and inorganic growth in a changing business environment, which presented me with many opportunities to learn, enhance my business knowledge and improve my treasury skills. For example, I co-ordinated several acquisitions and integrations in strict collaboration with GE Corporate Treasury and other finance and non-finance functions. Being satisfied with my work, over time the company broadened my role and responsibilities, in line with the ever more global structure of the treasury organisation.
How have the demands and needs of treasury changed over the course of your career, and what particular skills does the role require today?
Both the demands on the treasurer and the required skills have changed hugely in parallel with technology developments and globalisation. At the beginning of my career, treasury had a limited view of the business and supported business strategies purely from a technical angle, only providing very basic reporting. More recently, however, the function has been recognised as being more strategic and has begun to focus more on anticipating business needs.