Diversity and Teamwork
Building Treasury Relationships The merger in 2016 that formed leading global advisory, broking, and solutions company WTW cultivated an environment of constant change for the firm’s treasury. In a recent TMI podcast, Frances Cavanagh, Director, Treasury Operations, and Rivka Attal, Senior Treasury Operations Manager, explored how strong relationships have been the key to success. Sophie […]
Taming the Triple Threat
Macro Risk Management in 2022 The first quarter of 2022 has already presented numerous challenges on both geopolitical and macroeconomic fronts – from the ongoing pandemic to inflation risk, trade disruptions, and huge political tensions. TMI invites three experts from NatWest to explain why risk management needn’t be a Herculean task in the year ahead. […]
Smashing Banking Boundaries and Building Tech Bridges in Europe
From answering a Barclays recruitment advert in a music magazine some 30 years ago, Helen Kelly’s successful career with the bank has now seen her appointed as Managing Director, Head of Europe for Barclays Corporate Banking. Here she reflects on her professional journey thus far and explores some of the key challenges facing European treasurers […]
Finance Trends to Watch Out for in 2021 and Beyond
During the first few weeks of 2020, few, if any, could have predicted exactly what was ahead of us. Now, even though life is far from normal, we’ve adapted to the impact the global pandemic has had on our lives, economy, and the way we do business. It’s through this lens that we can examine […]
Brexit Driving Euro Transaction Fees Skyward: Time to Re-negotiate?
Since Brexit, banks have been charging customers to deposit euros into their euro accounts in London, forcing costs to soar. TMI asks an industry expert why this is happening and what can be done about it. Businesses have been used to paying low fees for their European banks to transfer euros to their euro accounts […]
Post-Brexit UK Finance Sector Changes: Should Treasurers Worry?
Concerns that the might of the UK’s financial sector would crumble post-Brexit seem not have been justified – so far. Can treasurers rest easy? Chris Biggs, Partner, Theta Global Advisors, offers his views on what the future holds. Love it or loathe it, Brexit has brought about some major changes in the relationship between the […]
Blockchain in the Fight Against Trade-Based Money Laundering
The estimated amount of money laundered worldwide in one year is as much as $2tr. . Despite billions of dollars of investment, less than 0.1% of illicit funds are being intercepted by financial institutions. Clearly, money laundering is big business. Like most criminal activities, the threat is constantly evolving and keeping pace with rapid digitisation. […]
Trade and Supply Chain Finance: Rising Above Uncertainty
Covid-19 has changed so many aspects of life and business – global trade is no exception. With trade flows declining, and commercial payments following suit, Aoife Wallace, Head of Trade & Working Capital Europe, Barclays, and Daniela Eder, Head of Payments & Cash Management Europe, Barclays, examine how treasurers can play their part in supporting […]
New Europe Awakens: A Fresh Look at Post-Brexit Treasury
TMI, in partnership with Barclays, are delighted to share the results of a recent survey answered by over 300 of Europe’s leading corporate treasurers and CFOs. We discovered that 35% of respondents are looking to change bank account locations and 21% are reviewing their cash pooling arrangements. Discover more insights from the survey >
New Europe Awakens: A Fresh Look at Post-Brexit Treasury
Despite the challenges, the UK’s departure from the EU is an opportunity for corporates on both sides of the channel to re-engineer treasury workflows, overhaul legacy processes, and revamp treasury models. Andrés Baltar, Head of Europe, Corporate Banking at Barclays and Daniela Eder, Head of Payments & Cash Management Europe, Barclays, share up-to-the-minute insights on best […]
Changing the Rules of the Game: A New Dawn for FX Risk Management
From micro-hedging to leveraging data analytics, technology is radically changing the way treasurers manage foreign exchange (FX) risk. Philippe Gelis, CEO and Co-Founder, Kantox, discusses the true value of automating FX hedging, explains the role of analytics in improving hedge execution, and comments on what makes fintech-bank partnerships a success for all involved, not least […]
Cashing in on Trends in Brno – The 8th CEE Treasury Forum
More than 100 delegates from seven countries gathered to share experiences at this year’s Central and East European Treasury Forum held in Brno, Czech Republic, from 3 October to 5 October. The national treasury associations of Austria, Croatia, the Czech Republic, Hungary, Slovakia, Slovenia and Romania met at the beginning of October to exchange ideas […]
Hitting the Sweet Spot: Macro Uncertainty and the Ultra-Short Solution
In the current uncertain macro environment, it is tempting for treasurers to hunker down in their short-term investment comfort zone, namely money market funds (MMFs). Nevertheless, if they are prepared to step out into an ultra-short-duration strategy, investors can potentially garner returns over and above those offered by MMFs, while remaining in a low-risk solution. […]
Corporate Treasury at a Crossroads:
The Challenges and Opportunities in Modernising Treasury Operations Treasurers are struggling to modernise treasury operations at a time when the consequences of technological weaknesses have never been greater. The expanding role of the treasury function, accelerated pace of innovation, and greater complexity of market and cyber risks have placed more pressure on treasurers than ever […]
Money Market Fund Makeover Innovation in Short-Term Investments
The doom-mongering around money market fund regulation has now stopped. Instead, talk has moved on to low interest rates, credit quality, digital investment channels, and the rise of environmental, social and governance investment criteria. Treasurers are also exploring different short-term investment options, such as separately managed accounts, and their curiosity is being piqued by a […]
The Return of Returns: Cash is Back
Central banks across the globe have varying approaches to monetary policy, but the general direction of travel, until recently, had been the same: one of tightening. When the shape of the yield curve changes, treasurers must be prepared to respond. Jim Fuell, Head of Global Liquidity Sales, International, J.P. Morgan Asset Management, explains how treasurers […]
Treasury Convergence as a Launch Pad for Growth
The business world is in flux. Never has so much change happened at such a pace. Amidst it all, it has become incumbent upon the corporate treasurer to support the business in managing this change, creating order, efficiency and clarity so that opportunities can be captured – and so that risks can be mitigated. While […]
Easing the FX Burden: Why Treasurers are Turning to Fintech
Treasurers and CFOs are the company commanders of foreign exchange, currency hedging, and international payments. Kantox, a leading fintech company, is helping businesses to overcome complex FX challenges with an innovative automated micro-hedging solution called Dynamic Hedging – a worthy winner of TMI’s 2018 Technology Innovation Award for the Best Risk Management Solution. Manual processes, […]
Brexit – A Painless Deal is Not an Option
As I write, the EU and UK negotiators have now agreed on a withdrawal agreement and very much an outline deal for the future relationship but the political messages are mixed on both sides. The UK’s offer appears uninviting to the EU: it’s between the UK crashing out of the EU without a deal or […]
How a Macroeconomic Watershed is Leading to Microeconomic Opportunities
The world economy is arguably at a historical watershed. Think of an accelerated industrial revolution, rapidly developing new technology and a big shift in economic power from West to East. These trends are widely accepted, although their magnitude and speed may not be. Naturally, governments and corporates are redirecting their policies and strategies accordingly – […]
My Life in Treasury: Naomi Holland, Intel Corporation
Naomi Holland, International Treasurer for Intel Corporation, details her career progression and describes the challenges of successfully balancing her family life while returning to a senior role after an eight-year career break. How did you come into treasury and what attracted you to the profession? My entry to the world of treasury was somewhat unplanned, […]
Preparing Treasury for the Future: Key Takeaways from EuroFinance Geneva
No-one wants to re-live every moment of a conference (especially not the after party). So, here is TMI’s take on the top themes coming out of this year’s EuroFinance International Cash Management conference, held in Geneva from 26-28 September, without the blow-by-blow account. Reflecting on an insightful few days in Geneva, it’s clear how much […]
Africa: A Continent of Opportunities
In this interview, CJ Giddy, International CEO, Absa Securities UK Limited, a part of the Absa Group, one of Africa’s largest financial services groups, talks to Eleanor Hill, Editor, TMI, about the growth of the African economy, its position in the global marketplace and the opportunities that this vast and diversified continent offers to investors. […]