Brewing Growth from Within: Royal Swinkels Turns Working Capital into an Expansion Lever (Part 2)

Published: July 31, 2026

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In the follow up to our podcast covering Swinkels working capital transformation, Eleanor takes a deeper dive into the project, recruiting Group Treasurer Mathieu Ummelen to explain what seamlessly balancing liquidity, resilience, and supplier relationships looks like in practice.

Joined by BNP Paribas' Anastasia Batyshkina, Mel Yucel and Nagan Nguyễn-Hansen, the conversation explores why working capital is no longer just about unlocking trapped cash, but fortifying resilience. Our guests discuss the ways in which treasury teams are responding to an increasingly uncertain operating environment, rethinking traditional trade finance, and using more accurate visibility to make smarter liquidity decisions.


Featured on this episode

Photograph of Eleanor Hill
Host
Eleanor Hill
Editorial Consultant, Treasury Management International (TMI)
Photograph of Mathieu Ummelen
Speaker
Mathieu Ummelen
Group Treasurer, Royal Swinkels
Photograph of Anastasia Batyshkina
Speaker
Anastasia Batyshkina
Head of Global Trade Solutions, Netherlands, BNP Paribas
Photograph of Mel Yucel
Speaker
Mel Yucel
Head of Factoring, Netherlands, and Senior Working Capital Advisor, BNP Paribas
Photograph of Ngan Nguyễn-Hansen
Speaker
Ngan Nguyễn-Hansen
Head of Cash Management, Netherlands, BNP Paribas

BNP Paribas

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