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Treasury Strategy & Transformation
Published  8 MIN READ

The Future of Treasury

The EACT Summit featured an expert panel who discussed some of the changes in treasury over recent years, and how issues such as digitisation could impact on the role of treasury in the future.

Panellists

Maciej Müldner, Finance Director, Skanska Property Poland
Jan-Martin Nufer, Director, Treasury & Funding, Borealis
John Colleemallay, Senior Director, Group Treasury & Financing, Dassault Systèmes
Pierre Fersztand, Global Head of Cash Management, BNP Paribas
Moderator: Helen Sanders, Editor, TMI

 

What do you see as the biggest changes in corporate treasury over the past five years?

Pierre Fersztand
Pierre Fersztand

Pierre Fersztand, BNP Paribas
I would note three changes: the increasing role of the treasurer; the importance of compliance, and the opportunities presented by technology. The treasury role has changed since the global financial crisis: the search for liquidity intensified and cash became king. More recently, we have seen considerable uncertainty in interest rates, including negative rates. Treasurers have played a critical role in managing the impact of these developments, and are engaging with the business more actively than ever to help manage the company’s liquidity and risk requirements. The role of the banker has also increased, with greater recognition of the value of long-term partnerships, particularly at a time when some banks are exiting certain products or geographies.