TMS Implementation at Fiberweb by Christof Nelischer, former Group Treasurer, Fiberweb Fiberweb plc is one of the world’s largest and leading suppliers of high performance, specialty non-woven fabrics. One of the ways it seeks to drive profitable growth and enhance its competitive position is by improving cost reductions and operational efficiency on a global scale. […]
It is often argued that cash flow forecasting is not worth the effort, as the time and energy needed to achieve a meaningful forecast is disproportionate. Ask an accountant about a consolidated cash flow, and you will hear a long list of reasons why it is not as simple as it sounds, and takes longer […]
Creating Value through Pro-active Capital Management by Christof Nelischer, Global Group Treasurer, Willis Group On 8 August 2013, Willis Group Holdings completed a $525m bond issue. The net proceeds of the offering, together with cash on hand, were used to fund a $521m tender of Willis bonds. The offering represented Willis’s first debt issuance in […]
My Life in Treasury An Interview with Christof Nelischer, Global Group Treasurer, Willis Towers Watson Christof Nelischer, Global Group Treasurer of Willis Towers Watson, is well-known to many readers following an illustrious and varied treasury career both in Germany and the UK. In this feature, Christof shares some of his experiences so far with Helen […]
As cyber-attacks continue to dominate the headlines, corporate treasurers prove to be prime targets. Given cyber criminals want access to other people’s money, it’s natural that the treasury function makes an obvious target. The most intuitive cyber risk relating to treasury is the initiation of fraudulent payment through a myriad technical means such as phishing […]
Following the merger between Willis and Towers Watson, the newly created Willis Towers Watson found itself in 2016 with a set of legal entities in various jurisdictions that were used for treasury transactions by the two legacy companies. It was obviously not an effective structure for the future of Willis Towers Watson, and we felt […]
The treasury committee is often the cornerstone of any business. This is because it is often argued that disciplines within finance have many stakeholders and affect a variety of other functions. Therefore it is critical to bring the key stakeholders together so they can work in a collaborative way; a treasury committee achieves just that. […]
TMI talks to Christof Nelischer, about the importance of succession planning in treasury. TMI: You are an advocate of succession planning in treasury. Can you explain your rationale? CN: I firmly believe that, in general, every organisation should aim to draw on and develop its existing talent, and promote from within. All too often I […]
Outlook on Corporate Credit Quality Following a year of economic growth concerns, sticky core inflation, increasing interest rates, and a rash of bank failures, treasurers have been acting as corporate risk firefighters, mitigating the impact of tumultuous events on their organisations’ bottom lines. The past 18 months have seen the global economy enter an environment […]
