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Irish Association ofCorporate Treasurers
Irish Association ofCorporate Treasurers
Irish Association ofCorporate Treasurers
CORPORATE TREASURY &CASH MANAGEMENT CONFERENCEWEDNESDAY 14TH NOVEMBERCROKE PARK STADIUM | DUBLIN | IRELAND
Irish Association ofCorporate Treasurers2018
www.corporatetreasury.ietel: + 353 1 524 2375email: [email protected]
Irish Association ofCorporate Treasurers www.treasurers.ie
EVENT SUPPORTERSIrish Association ofCorporate Treasurers
2 | Asset Management
Official Banking Partner of the GAA.Backing Club and County.
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.
Custodian Ref: E00091551
Job Title: GAA Programme Ad
Job Code: 105mm x 150mm wide
Version: 10-17
Date: October 13, 2017 1:46 PM
Artworker: Sean
Q.C.: Noel
Round: 1
PREMIUM SILVER SPONSOR SILVER SPONSORS
Asset Management
PREMIUM EXHIBITORS
LUNCH
DRINKS RECEPTION COFFEE BREAK
LANYARD
Irish Association ofCorporate Treasurers
CORPORATE TREASURY & CASH MANAGEMENT CONFERENCE 2018 | 3Irish Association ofCorporate Treasurers
Irish Association ofCorporate Treasurers
Irish Association ofCorporate Treasurers
WELCOME NOTE
Irish Association ofCorporate Treasurers
www.treasurers.ie
It is my great pleasure to welcome you to the Irish Association of Corporate Treasurers 2018 annual conference and our return to the wonderful Croke Park Stadium.
In the last number of years, our conference programme emphasis has been on change, and more specifically, on the pace of change. International and local landscapes have changed, and no doubt will continue to do so into infinity. The heart of treasury is managing financial risks arising from that change - be they traditional, such as liquidity, funding, interest rates, foreign exchange or counterparty exposures; or new, such as Brexit, technology and cybercrime, as well as the ever increasing impacts of regulation, taxation and accounting.
Priorities rise and fall depending on where we are in the economic cycle, on geopolitical issues and on the latest technology advancements. At today’s conference we cover all
these issues. Some will be more relevant to you than others, but be open to those that are not relevant to you today - they may well be tomorrows’ priority.
Enjoy the day, listen and learn, take opportunities to ask our speakers’ questions, join the activities throughout and don’t forget to chat. The nuggets of information you take home from today may come from the most unlikely of sources!
ANNE FITZGERALDPresident, Irish Association of Corporate Treasurers
Irish Association ofCorporate Treasurers
4 | Asset Management
EVENT SPEAKERS
ERIK DE VRIJERAssistant Director/European Department, International Monetary Fund (Washington) Having worked in several area departments (African, Middle East and Central Asia, and European Departments), Erik De Vrijer is now Mission Chief for Ireland and Luxembourg. Erik oversees the Article IV Consultations with these countries and the associated analytical work on issues including fiscal and tax policies, financial sector developments, international spillovers and growth.
COLM FAGANDirector of IT Security, Doosan Bobcat With 20 years’ experience in IT and Information Security, Colm is Director of IT Security and Risk Management with Doosan Bobcat – a leading construction equipment manufacturer and distributor. Prior to joining Doosan in 2015, Colm worked as Head of IT Security for Novartis Pharmaceuticals BSC in Dublin. He holds BEng (Hons) Electronics and Communications Engineering from the University of North London, is a member of ISACA Ireland Chapter and ISC2.
BALINT ELEKHead of GTRF Ireland, Global Trade and Receivables Finance, HSBC BANK PLC Recently returned to Dublin as Country Head of Global Trade and Receivables Finance (GTRF) at HSBC, Balint was previously head of supply-chain finance at RBS and trade product manager at Citi covering EMEA region. He has extensive experience in domestic and cross-border trade finance solutions ranging from guarantees to receivables finance. He holds a Master degree in financial services from Hungary’s University of Pecs and Germany’s University of Hagen.
MARK BONHAMHead of Risk and Compliance, Optal Financial Europe
Mark is Chairman of FPAI RIG (FinTech and Payments Association of Ireland Regulatory Insights Group) and he is a Board Director with ACAMS Ireland Chapter (Association of Certified Anti-Money Laundering Specialists). Previously Chief Operating Officer of Atradius Reinsurance Limited, Mark has also been Finance Director of Sun Life Reinsurance and treasurer at ESG, QBE. A qualified Chartered Director, he is a Certified Anti-Money Laundering Specialist and Certified International Cash Manager with ACT.
PUT CASH IN ITS PLACE
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Irish Association ofCorporate Treasurers
CORPORATE TREASURY & CASH MANAGEMENT CONFERENCE 2018 | 5Irish Association ofCorporate Treasurers
Irish Association ofCorporate Treasurers
Irish Association ofCorporate Treasurers
DARA KAVANAGHSenior Manager – Corporate Treasury Specialist, EY Serving Global and Irish EY clients within the Financial Accounting Advisory Services team, Dara specialises in corporate treasury. Working closely with corporate treasuries, he assists in their implementation of, and accounting for, hedging strategies. Dara is currently consulting with clients and with the IASB regarding IFRS9.
DAVID HEATHCo-Founder, Circit David is a chartered accountant and experienced financial auditor. He co-founded Circit, which brings all stakeholders onto one secure platform to communicate during a financial audit. Circit provides real-time visibility of auditor request ‘letters’ and is used by audit firms to confirm information with banks, solicitors and the funds industry players in relation to their corporate clients.
ANNE FITZGERALDFinancial & Operations Controller, Securitas Group Treasury Centre With over 20 years’ treasury experience, Anne is a director at Securitas Treasury Ireland Ltd with responsibility for the Securitas Group Treasury Centre, accounting, operations & treasury related IT systems. Previous experience includes Citigroup Agency Treasury working with a number of large multinationals with responsibility for onboarding new and existing clients onto treasury management systems before setting up her own consultancy company. She is the IACT’s 2018 President.
EVENT SPEAKERS
HSBC Bank plc., trading as HSBC Corporate & HSBC Corporate Banking Ireland is authorised by the Prudential Regulation Authority in the United Kingdom and is regulated by the Central Bank of Ireland for conduct of business rules. HSBC Bank plc is registered in England No. 14259. Registered Office: 8 Canada Square, London, E14 5HQ, United Kingdom. The Dublin branch is registered in Ireland under number 904230. Registered Office: 1 Grand Canal Square, Grand Canal Harbour, Dublin 2.
Having an instant overview of all your accounts lets you make decisions quickly and take advantage of new opportunities when they arise. With HSBCnet you can view your bank balances and make payments and transfers with just one login.
For more information call: Lorraine Donnelly HSBC Ireland Phone +353 1 635 6617
Or visit HSBCnet.com
You can read the market at a glance. What about yourbank accounts?
Together we thrive
Iris
h A
ssoci
ati
on
of
Corp
ora
te T
reasu
rers
EVEN
T P
RO
GR
AM
ME
REG
ISTR
ATIO
N &
NET
WO
RKIN
G
WEL
COM
E A
DDRE
SS
AN
NE
FITZ
GER
ALD
- Pr
esid
ent,
Irish
Ass
ocia
tion
of C
orpo
rate
Tre
asur
ers
CON
FERE
NCE
CH
AIR
MA
N –
OPE
NIN
G A
DDRE
SSG
EORG
E LE
E - C
urre
nt A
ffairs
Bro
adca
ster
, RTE
WH
ERE
ARE
WE
IN T
HE
ECO
NO
MIC
CYC
LE?
A
ND
WH
AT D
OES
IT M
EAN
FO
R IN
TERE
ST R
ATES
?W
ith th
e cu
rren
t eco
nom
ic c
ycle
alre
ady
one
of th
e lo
nges
t in
hist
ory,
the
ques
tion
rem
ains
– h
ow lo
ng c
an it
co
ntin
ue?
At th
e sa
me
time,
eco
nom
ies
arou
nd th
e w
orld
are
con
tend
ing
with
pol
itica
l, dem
ogra
phic
, stru
ctur
al a
nd
cycl
ical
issu
es. H
ow d
o w
e na
viga
te th
e va
ried
econ
omic
land
scap
es a
nd th
e in
tere
st ra
tes
that
com
e w
ith it
?
NA
NDI
NI R
AM
AKR
ISH
NA
N -
Mar
ket S
trate
gist
, J.P
. Mor
gan
Asse
t Man
agem
ent
Q&A
RETH
INKI
NG
FIN
AN
CE IN
A C
IRCU
LAR
ECO
NO
MY
Soci
etal
cha
lleng
es li
ke re
sour
ce s
carc
ity a
nd c
limat
e ch
ange
com
bine
d w
ith te
chno
logi
cal i
nnov
atio
n an
d ev
olvi
ng
cons
umer
dem
and
are
chan
ging
and
dis
rupt
ing
the
busi
ness
mod
els
of a
lot o
f com
pani
es. W
hat a
re th
e fin
anci
al
impl
icat
ions
of t
hese
cha
nges
? To
wha
t ext
ent c
ould
this
impa
ct c
ash
flow
s, b
alan
ce s
heet
and
risk
man
agem
ent
in y
our c
ompa
nies
? An
d w
hat d
oes
this
mea
n fo
r the
way
you
are
fund
ed a
nd th
e ro
le o
f ban
ks?
LEO
N W
IJN
AN
DS -
Glo
bal H
ead
of S
usta
inab
ility
, IN
G
Q&A
BREX
IT:
IS Y
OUR
TRE
ASU
RY F
UNCT
ION
PRE
PARE
D?M
any
corp
orat
es d
oing
bus
ines
s in
the
UK o
r Eur
ope
are
cons
ider
ing
pote
ntia
l tre
asur
y fu
nctio
n im
pact
s. W
hat
role
can
trea
sury
func
tions
pla
y in
con
tinge
ncy
plan
ning
for v
ario
us B
rexi
t sce
nario
s? Im
pact
on
finan
cial
se
rvic
es a
nd p
hysi
cal g
oods
may
be
very
diff
eren
t. T
reas
urer
s ne
ed to
be
awar
e of
requ
ired
chan
ges
to b
anki
ng
rela
tions
hips
but
als
o of
the
impa
ct to
pro
duct
s an
d co
mm
erci
al p
artn
ers.
Con
side
r stru
ctur
al c
hang
es s
uch
as
treas
ury
loca
tion,
sup
ply
chai
n or
pro
duct
dis
tribu
tion?
Giv
en ri
sks
in th
e ke
y UK
and
US
expo
rt m
arke
ts, a
re th
ere
oppo
rtun
ities
to d
iver
sify
ove
rsea
s tra
de b
eyon
d tra
ditio
nal p
artn
ers
leve
ragi
ng o
n in
tern
atio
nal T
rade
Agr
eem
ents
?
BALI
NT
ELEK
- H
ead
of G
loba
l Tra
de a
nd R
ecei
vabl
e Fi
nanc
e, H
SBC
Bank
plc
Q
&A TH
E JO
URN
EY O
F RA
ISIN
G C
ORP
ORA
TE F
INA
NCE
– O
NE
TREA
SURE
R’S
TRA
ILAr
dagh
hav
e be
en v
ery
activ
e in
the
Capi
tal M
arke
ts s
pace
ove
r the
last
two
year
s an
d co
mpl
eted
a $
850m
As
set B
acke
d Re
volv
ing
Cred
it Fa
cilit
y in
Dec
embe
r 201
7. H
ear o
ne tr
easu
rer’s
trai
l thr
ough
the
proc
esse
s an
d ch
alle
nges
as
wel
l as
the
jour
ney
to c
ompl
etio
n an
d th
e ro
ad a
head
CORM
AC
MA
GUI
RE -
Chie
f Tre
asur
y O
ffice
r, Ar
dagh
Gro
up S
.A.
Q
&A
COFF
EE B
REA
K CO
NFE
REN
CE C
HA
IR
GEO
RGE
LEE
CYBE
R RI
SK –
A D
OO
SAN
BO
BCAT
CA
SE S
TUDY
The
chal
leng
es, s
trate
gies
, impl
emen
tatio
ns a
nd th
e on
goin
g ou
tcom
es o
f one
inte
rnat
iona
l cor
pora
te w
ho’s
Irish
ba
sed
treas
ury
oper
atio
ns n
avig
ate
glob
al c
yber
risk
cha
lleng
es d
aily.
KEIT
H LY
NCH
- Di
rect
or –
EM
EA T
reas
ury,
Doos
an B
obca
tCO
LM F
AG
AN
- Di
rect
or o
f IT
Secu
rity,
Doos
an B
obca
t
Q
&A
HED
GIN
G A
ND
ACC
OUN
TIN
G F
OR
TREA
SURE
RSW
ith th
e re
quire
men
ts o
f IFR
S 9
impl
emen
tatio
ns n
ow u
pon
corp
orat
es, w
hat a
re th
e ke
y ac
tions
to b
e ta
ken
now
in
ord
er to
ens
ure
com
plia
nce
and
wha
t are
the
next
ste
ps to
be
take
n in
ord
er to
real
ise
the
bene
fits
of th
e ne
w
finan
cial
repo
rtin
g st
anda
rd.
DARA
KAV
AN
AG
H -
Seni
or M
anag
er –
Cor
pora
te T
reas
ury
Spec
ialis
t, EY
Q
&A
07:3
0 u
08:
00
08:0
0
08:1
0
08:1
5
08:4
5
09:1
5
09:4
5
10.1
5
11:0
0
11:0
5
11:4
0
SPEA
KER
QU
ESTI
ON
S &
SUR
VEY
S:Q
uest
ions
will
app
ear o
n st
age
scre
en d
urin
g th
e Q
&A s
essi
on
Log
On:
w
ww
.isay
.iePa
ssw
ord:
su
mm
it
Iris
h A
ssoci
ati
on
of
Corp
ora
te T
reasu
rers
TECH
TA
LKS
– FI
NTE
CH IN
NO
VATI
ON
Pres
ente
d in
Jap
anes
e Pe
chak
ucha
form
at (i
e. e
ach
pres
ente
r has
20
slid
es, e
ach
slid
e di
ssol
ves
afte
r 20
seco
nds
– to
tal 6
min
utes
40
seco
nds)
, thi
s ra
pid
fire
sess
ion
will
feat
ure
som
e co
ncis
e, in
nova
tion-
focu
sed
pres
enta
tions
on
how
tech
nolo
gies
and
inno
vatio
ns in
Fin
Tech
, and
els
ewhe
re, a
re c
urre
ntly
resh
apin
g th
e tre
asur
y la
ndsc
ape.
DAVI
D H
EATH
- Co
-Fou
nder
, Circ
itCO
LUM
LYO
NS
- Chi
ef O
pera
ting
Offi
cer,
ID-P
al
Q
&A
MO
RNIN
G S
ESSI
ON
CLO
SEG
EORG
E LE
E - C
urre
nt A
ffairs
Bro
adca
ster
, RTE
LUN
CH &
OPT
ION
AL
LUN
CH A
CTIV
ITIE
S13
.15
- 13.
40
Laug
hter
Yog
a13
.15
- 13.
40
Stad
ium
Ste
ps C
halle
nge
CON
FERE
NCE
CH
AIR
GEO
RGE
LEE
- Cur
rent
Affa
irs B
road
cast
er, R
TE
GLO
BAL
ECO
NO
MIC
S LA
NDS
CAPE
– P
ERSP
ECTI
VES
FRO
M A
CR
OSS
TH
E AT
LAN
TIC
Agai
nst t
he b
ackd
rop
of th
e gl
obal
eco
nom
ic la
ndsc
ape,
Erik
will
focu
s on
the
IMF’
s vi
ew o
f the
cur
rent
Iris
h ec
onom
y an
d th
e ch
alle
nges
ahe
ad.
Pres
enta
tion
follo
wed
by
inte
rvie
w w
ith c
onfe
renc
e ch
air a
nd a
udie
nce
Q&A
.
ERIK
DE
VRIJ
ER -
Assi
stan
t Dire
ctor
/Eur
opea
n De
part
men
t, In
tern
atio
nal M
onet
ary
Fund
(Was
hing
ton)
Q&A
CASH
MA
NA
GEM
ENT
– CU
RREN
T A
ND
FUTU
RE T
REN
DSO
bser
vatio
ns o
n w
hat c
orpo
rate
s ar
e do
ing
rega
rdin
g th
eir p
aym
ents
& li
quid
ity s
truct
ures
in th
e co
ntex
t of B
rexi
t and
ho
w a
ll of
this
is e
xpec
ted
to u
nfol
d w
ith th
e cu
rren
t int
eres
t rat
e en
viro
nmen
t in
Euro
pe.
Reca
p on
wha
t was
pre
dict
ed
back
in 2
017
IACT
and
wha
t the
real
ity is
on
Euro
Inst
ant P
aym
ents
upt
ake
by th
e in
dust
ry a
nd c
lient
com
mun
ities
.
RICH
ARD
MA
RTIN
- M
anag
ing
Dire
ctor
, Pay
men
ts &
Cas
h M
anag
emen
t, Ba
rcla
ys B
ank
plc
Q
&A
TREA
SURY
SPO
TLIG
HT:
DO
ING
BUS
INES
S IN
RUS
SIA
(TH
E N
ETFL
IX C
ASE
!)A
case
stu
dy re
gard
ing
a Ru
ssia
n bu
sine
ss o
ppor
tuni
ty a
nd in
vest
men
t. K
YC c
halle
nges
. Ex
posu
res
to S
anct
ions
, AM
L, U
BO (u
ltim
ate
bene
ficia
l ow
ner)
risks
, Rus
sian
pol
itics
, Nor
th S
ea o
il, re
gula
tory
issu
es a
nd m
urde
r! H
ighl
ight
on
risk
and
appr
opria
te d
ue d
ilige
nce
for b
usin
ess
and
inve
stm
ent o
ppor
tuni
ties.
MA
RK B
ON
HA
M -
Hea
d of
Ris
k &
Com
plia
nce,
Opt
al F
inan
cial
Eur
ope
Q
&A
TREA
SURY
SPO
TLIG
HT:
DO
ING
BUS
INES
S IN
BRA
ZIL
Braz
il ha
s ju
st b
een
thro
ugh
a ve
ry p
olar
ized
pre
side
ntia
l run
off,
bet
wee
n ex
trem
e le
ft an
d ex
trem
e rig
ht. W
hat i
s th
e ou
tlook
for B
razi
l with
its
new
Pre
side
nt –
man
date
sta
rtin
g Ja
nuar
y 20
19?
Wha
t are
the
key
refo
rms
requ
ired
to
achi
eve
sust
aina
ble
grow
th?
Does
the
Pres
iden
t hav
e w
illin
gnes
s an
d Co
ngre
ss s
uppo
rt to
impl
emen
t the
m?
How
will
th
ese
unce
rtai
ntie
s af
fect
FX
and
inte
rest
rate
s, a
s w
ell a
s m
ultin
atio
nals
’ ope
ratio
ns a
nd fu
ture
pla
ns in
Bra
zil?
Wha
t ch
ange
s or
stra
tegi
es n
eed
to b
e im
plem
ente
d by
cor
pora
tes
to m
eet t
he u
nfol
ding
cha
lleng
es?
RAFA
EL M
ATO
S- M
ultin
atio
nals
Cor
pora
te B
anke
r, J.
P. M
orga
n (B
razi
l)
Q
&A
COFF
EE B
REA
K
REG
ULAT
ION
& C
OM
PLIA
NCE
: MA
INTA
ININ
G Y
OUR
BA
NKI
NG
REL
ATIO
NSH
IPS
M
ORE
EFF
ECTI
VELY
– K
YCKY
C, A
ML
and
GDP
R ar
e pa
rt o
f the
eve
r-inc
reas
ing
regu
lato
ry b
urde
ns c
reat
ing
furt
her m
unda
ne a
nd ti
me-
cons
umin
g re
petit
ion
for t
reas
urer
s ge
tting
acc
ess
to fi
nanc
ial s
ervi
ces.
Th
e ev
olut
ion
of K
YC u
tiliti
es a
nd th
e im
pact
for
corp
orat
es. I
ndus
try
chal
leng
es a
ssoc
iate
d w
ith K
YC p
roce
sses
. Les
sons
lear
ned
– cu
rren
t pro
gres
s m
ade
by u
tiliti
es
incl
udin
g th
e ch
alle
nges
. Wha
t nee
ds to
cha
nge
– ho
w to
ens
ure
the
grow
th o
f KYC
util
ities
and
thei
r val
ue p
ropo
sitio
n fo
r cor
pora
te tr
easu
rers
.
CHA
RLIE
MIN
UTEL
LA- G
loba
l Hea
d –
KYC
Indu
stry
Sol
utio
ns, R
efini
tiv
(form
erly
Fin
anci
al &
Ris
k bu
sine
ss o
f Tho
mso
n Re
uter
s)
Q&A
THE
LAST
WO
RDJO
HN
TEE
LIN
G- S
eria
l Ent
repr
eneu
r
CON
FERE
NCE
CLO
SEA
NN
E FI
TZG
ERA
LD- P
resi
dent
, Iris
h As
soci
atio
n of
Cor
pora
te T
reas
urer
s
NET
WO
RKIN
G D
RIN
KS R
ECEP
TIO
N
12:0
0
12:5
5
12:2
5
12:3
0 u
14:
00
14:0
0
14:0
5
14:5
0
15:2
0BR
EAKO
UT A
15:2
0BR
EAKO
UT B
15:5
0
16:3
0
17:0
0
17:2
5
17:3
0 u
19:
00
Iris
h A
ssoci
ati
on
of
Corp
ora
te T
reasu
rers
EVEN
T P
RO
GR
AM
ME
REG
ISTR
ATIO
N &
NET
WO
RKIN
G
WEL
COM
E A
DDRE
SS
AN
NE
FITZ
GER
ALD
- Pr
esid
ent,
Irish
Ass
ocia
tion
of C
orpo
rate
Tre
asur
ers
CON
FERE
NCE
CH
AIR
MA
N –
OPE
NIN
G A
DDRE
SSG
EORG
E LE
E - C
urre
nt A
ffairs
Bro
adca
ster
, RTE
WH
ERE
ARE
WE
IN T
HE
ECO
NO
MIC
CYC
LE?
A
ND
WH
AT D
OES
IT M
EAN
FO
R IN
TERE
ST R
ATES
?W
ith th
e cu
rren
t eco
nom
ic c
ycle
alre
ady
one
of th
e lo
nges
t in
hist
ory,
the
ques
tion
rem
ains
– h
ow lo
ng c
an it
co
ntin
ue?
At th
e sa
me
time,
eco
nom
ies
arou
nd th
e w
orld
are
con
tend
ing
with
pol
itica
l, dem
ogra
phic
, stru
ctur
al a
nd
cycl
ical
issu
es. H
ow d
o w
e na
viga
te th
e va
ried
econ
omic
land
scap
es a
nd th
e in
tere
st ra
tes
that
com
e w
ith it
?
NA
NDI
NI R
AM
AKR
ISH
NA
N -
Mar
ket S
trate
gist
, J.P
. Mor
gan
Asse
t Man
agem
ent
Q&A
RETH
INKI
NG
FIN
AN
CE IN
A C
IRCU
LAR
ECO
NO
MY
Soci
etal
cha
lleng
es li
ke re
sour
ce s
carc
ity a
nd c
limat
e ch
ange
com
bine
d w
ith te
chno
logi
cal i
nnov
atio
n an
d ev
olvi
ng
cons
umer
dem
and
are
chan
ging
and
dis
rupt
ing
the
busi
ness
mod
els
of a
lot o
f com
pani
es. W
hat a
re th
e fin
anci
al
impl
icat
ions
of t
hese
cha
nges
? To
wha
t ext
ent c
ould
this
impa
ct c
ash
flow
s, b
alan
ce s
heet
and
risk
man
agem
ent
in y
our c
ompa
nies
? An
d w
hat d
oes
this
mea
n fo
r the
way
you
are
fund
ed a
nd th
e ro
le o
f ban
ks?
LEO
N W
IJN
AN
DS -
Glo
bal H
ead
of S
usta
inab
ility
, IN
G
Q&A
BREX
IT:
IS Y
OUR
TRE
ASU
RY F
UNCT
ION
PRE
PARE
D?M
any
corp
orat
es d
oing
bus
ines
s in
the
UK o
r Eur
ope
are
cons
ider
ing
pote
ntia
l tre
asur
y fu
nctio
n im
pact
s. W
hat
role
can
trea
sury
func
tions
pla
y in
con
tinge
ncy
plan
ning
for v
ario
us B
rexi
t sce
nario
s? Im
pact
on
finan
cial
se
rvic
es a
nd p
hysi
cal g
oods
may
be
very
diff
eren
t. T
reas
urer
s ne
ed to
be
awar
e of
requ
ired
chan
ges
to b
anki
ng
rela
tions
hips
but
als
o of
the
impa
ct to
pro
duct
s an
d co
mm
erci
al p
artn
ers.
Con
side
r stru
ctur
al c
hang
es s
uch
as
treas
ury
loca
tion,
sup
ply
chai
n or
pro
duct
dis
tribu
tion?
Giv
en ri
sks
in th
e ke
y UK
and
US
expo
rt m
arke
ts, a
re th
ere
oppo
rtun
ities
to d
iver
sify
ove
rsea
s tra
de b
eyon
d tra
ditio
nal p
artn
ers
leve
ragi
ng o
n in
tern
atio
nal T
rade
Agr
eem
ents
?
BALI
NT
ELEK
- H
ead
of G
loba
l Tra
de a
nd R
ecei
vabl
e Fi
nanc
e, H
SBC
Bank
plc
Q
&A TH
E JO
URN
EY O
F RA
ISIN
G C
ORP
ORA
TE F
INA
NCE
– O
NE
TREA
SURE
R’S
TRA
ILAr
dagh
hav
e be
en v
ery
activ
e in
the
Capi
tal M
arke
ts s
pace
ove
r the
last
two
year
s an
d co
mpl
eted
a $
850m
As
set B
acke
d Re
volv
ing
Cred
it Fa
cilit
y in
Dec
embe
r 201
7. H
ear o
ne tr
easu
rer’s
trai
l thr
ough
the
proc
esse
s an
d ch
alle
nges
as
wel
l as
the
jour
ney
to c
ompl
etio
n an
d th
e ro
ad a
head
CORM
AC
MA
GUI
RE -
Chie
f Tre
asur
y O
ffice
r, Ar
dagh
Gro
up S
.A.
Q
&A
COFF
EE B
REA
K CO
NFE
REN
CE C
HA
IR
GEO
RGE
LEE
CYBE
R RI
SK –
A D
OO
SAN
BO
BCAT
CA
SE S
TUDY
The
chal
leng
es, s
trate
gies
, impl
emen
tatio
ns a
nd th
e on
goin
g ou
tcom
es o
f one
inte
rnat
iona
l cor
pora
te w
ho’s
Irish
ba
sed
treas
ury
oper
atio
ns n
avig
ate
glob
al c
yber
risk
cha
lleng
es d
aily.
KEIT
H LY
NCH
- Di
rect
or –
EM
EA T
reas
ury,
Doos
an B
obca
tCO
LM F
AG
AN
- Di
rect
or o
f IT
Secu
rity,
Doos
an B
obca
t
Q
&A
HED
GIN
G A
ND
ACC
OUN
TIN
G F
OR
TREA
SURE
RSW
ith th
e re
quire
men
ts o
f IFR
S 9
impl
emen
tatio
ns n
ow u
pon
corp
orat
es, w
hat a
re th
e ke
y ac
tions
to b
e ta
ken
now
in
ord
er to
ens
ure
com
plia
nce
and
wha
t are
the
next
ste
ps to
be
take
n in
ord
er to
real
ise
the
bene
fits
of th
e ne
w
finan
cial
repo
rtin
g st
anda
rd.
DARA
KAV
AN
AG
H -
Seni
or M
anag
er –
Cor
pora
te T
reas
ury
Spec
ialis
t, EY
Q
&A
07:3
0 u
08:
00
08:0
0
08:1
0
08:1
5
08:4
5
09:1
5
09:4
5
10.1
5
11:0
0
11:0
5
11:4
0
SPEA
KER
QU
ESTI
ON
S &
SUR
VEY
S:Q
uest
ions
will
app
ear o
n st
age
scre
en d
urin
g th
e Q
&A s
essi
on
Log
On:
w
ww
.isay
.iePa
ssw
ord:
su
mm
it
Iris
h A
ssoci
ati
on
of
Corp
ora
te T
reasu
rers
TECH
TA
LKS
– FI
NTE
CH IN
NO
VATI
ON
Pres
ente
d in
Jap
anes
e Pe
chak
ucha
form
at (i
e. e
ach
pres
ente
r has
20
slid
es, e
ach
slid
e di
ssol
ves
afte
r 20
seco
nds
– to
tal 6
min
utes
40
seco
nds)
, thi
s ra
pid
fire
sess
ion
will
feat
ure
som
e co
ncis
e, in
nova
tion-
focu
sed
pres
enta
tions
on
how
tech
nolo
gies
and
inno
vatio
ns in
Fin
Tech
, and
els
ewhe
re, a
re c
urre
ntly
resh
apin
g th
e tre
asur
y la
ndsc
ape.
DAVI
D H
EATH
- Co
-Fou
nder
, Circ
itCO
LUM
LYO
NS
- Chi
ef O
pera
ting
Offi
cer,
ID-P
al
Q
&A
MO
RNIN
G S
ESSI
ON
CLO
SEG
EORG
E LE
E - C
urre
nt A
ffairs
Bro
adca
ster
, RTE
LUN
CH &
OPT
ION
AL
LUN
CH A
CTIV
ITIE
S13
.15
- 13.
40
Laug
hter
Yog
a13
.15
- 13.
40
Stad
ium
Ste
ps C
halle
nge
CON
FERE
NCE
CH
AIR
GEO
RGE
LEE
- Cur
rent
Affa
irs B
road
cast
er, R
TE
GLO
BAL
ECO
NO
MIC
S LA
NDS
CAPE
– P
ERSP
ECTI
VES
FRO
M A
CR
OSS
TH
E AT
LAN
TIC
Agai
nst t
he b
ackd
rop
of th
e gl
obal
eco
nom
ic la
ndsc
ape,
Erik
will
focu
s on
the
IMF’
s vi
ew o
f the
cur
rent
Iris
h ec
onom
y an
d th
e ch
alle
nges
ahe
ad.
Pres
enta
tion
follo
wed
by
inte
rvie
w w
ith c
onfe
renc
e ch
air a
nd a
udie
nce
Q&A
.
ERIK
DE
VRIJ
ER -
Assi
stan
t Dire
ctor
/Eur
opea
n De
part
men
t, In
tern
atio
nal M
onet
ary
Fund
(Was
hing
ton)
Q&A
CASH
MA
NA
GEM
ENT
– CU
RREN
T A
ND
FUTU
RE T
REN
DSO
bser
vatio
ns o
n w
hat c
orpo
rate
s ar
e do
ing
rega
rdin
g th
eir p
aym
ents
& li
quid
ity s
truct
ures
in th
e co
ntex
t of B
rexi
t and
ho
w a
ll of
this
is e
xpec
ted
to u
nfol
d w
ith th
e cu
rren
t int
eres
t rat
e en
viro
nmen
t in
Euro
pe.
Reca
p on
wha
t was
pre
dict
ed
back
in 2
017
IACT
and
wha
t the
real
ity is
on
Euro
Inst
ant P
aym
ents
upt
ake
by th
e in
dust
ry a
nd c
lient
com
mun
ities
.
RICH
ARD
MA
RTIN
- M
anag
ing
Dire
ctor
, Pay
men
ts &
Cas
h M
anag
emen
t, Ba
rcla
ys B
ank
plc
Q
&A
TREA
SURY
SPO
TLIG
HT:
DO
ING
BUS
INES
S IN
RUS
SIA
(TH
E N
ETFL
IX C
ASE
!)A
case
stu
dy re
gard
ing
a Ru
ssia
n bu
sine
ss o
ppor
tuni
ty a
nd in
vest
men
t. K
YC c
halle
nges
. Ex
posu
res
to S
anct
ions
, AM
L, U
BO (u
ltim
ate
bene
ficia
l ow
ner)
risks
, Rus
sian
pol
itics
, Nor
th S
ea o
il, re
gula
tory
issu
es a
nd m
urde
r! H
ighl
ight
on
risk
and
appr
opria
te d
ue d
ilige
nce
for b
usin
ess
and
inve
stm
ent o
ppor
tuni
ties.
MA
RK B
ON
HA
M -
Hea
d of
Ris
k &
Com
plia
nce,
Opt
al F
inan
cial
Eur
ope
Q
&A
TREA
SURY
SPO
TLIG
HT:
DO
ING
BUS
INES
S IN
BRA
ZIL
Braz
il ha
s ju
st b
een
thro
ugh
a ve
ry p
olar
ized
pre
side
ntia
l run
off,
bet
wee
n ex
trem
e le
ft an
d ex
trem
e rig
ht. W
hat i
s th
e ou
tlook
for B
razi
l with
its
new
Pre
side
nt –
man
date
sta
rtin
g Ja
nuar
y 20
19?
Wha
t are
the
key
refo
rms
requ
ired
to
achi
eve
sust
aina
ble
grow
th?
Does
the
Pres
iden
t hav
e w
illin
gnes
s an
d Co
ngre
ss s
uppo
rt to
impl
emen
t the
m?
How
will
th
ese
unce
rtai
ntie
s af
fect
FX
and
inte
rest
rate
s, a
s w
ell a
s m
ultin
atio
nals
’ ope
ratio
ns a
nd fu
ture
pla
ns in
Bra
zil?
Wha
t ch
ange
s or
stra
tegi
es n
eed
to b
e im
plem
ente
d by
cor
pora
tes
to m
eet t
he u
nfol
ding
cha
lleng
es?
RAFA
EL M
ATO
S- M
ultin
atio
nals
Cor
pora
te B
anke
r, J.
P. M
orga
n (B
razi
l)
Q
&A
COFF
EE B
REA
K
REG
ULAT
ION
& C
OM
PLIA
NCE
: MA
INTA
ININ
G Y
OUR
BA
NKI
NG
REL
ATIO
NSH
IPS
M
ORE
EFF
ECTI
VELY
– K
YCKY
C, A
ML
and
GDP
R ar
e pa
rt o
f the
eve
r-inc
reas
ing
regu
lato
ry b
urde
ns c
reat
ing
furt
her m
unda
ne a
nd ti
me-
cons
umin
g re
petit
ion
for t
reas
urer
s ge
tting
acc
ess
to fi
nanc
ial s
ervi
ces.
Th
e ev
olut
ion
of K
YC u
tiliti
es a
nd th
e im
pact
for
corp
orat
es. I
ndus
try
chal
leng
es a
ssoc
iate
d w
ith K
YC p
roce
sses
. Les
sons
lear
ned
– cu
rren
t pro
gres
s m
ade
by u
tiliti
es
incl
udin
g th
e ch
alle
nges
. Wha
t nee
ds to
cha
nge
– ho
w to
ens
ure
the
grow
th o
f KYC
util
ities
and
thei
r val
ue p
ropo
sitio
n fo
r cor
pora
te tr
easu
rers
.
CHA
RLIE
MIN
UTEL
LA- G
loba
l Hea
d –
KYC
Indu
stry
Sol
utio
ns, R
efini
tiv
(form
erly
Fin
anci
al &
Ris
k bu
sine
ss o
f Tho
mso
n Re
uter
s)
Q&A
THE
LAST
WO
RDJO
HN
TEE
LIN
G- S
eria
l Ent
repr
eneu
r
CON
FERE
NCE
CLO
SEA
NN
E FI
TZG
ERA
LD- P
resi
dent
, Iris
h As
soci
atio
n of
Cor
pora
te T
reas
urer
s
NET
WO
RKIN
G D
RIN
KS R
ECEP
TIO
N
12:0
0
12:5
5
12:2
5
12:3
0 u
14:
00
14:0
0
14:0
5
14:5
0
15:2
0BR
EAKO
UT A
15:2
0BR
EAKO
UT B
15:5
0
16:3
0
17:0
0
17:2
5
17:3
0 u
19:
00
Irish Association ofCorporate Treasurers
8 | Asset Management
EVENT SPEAKERS
KEITH LYNCHDirector – EMEA Treasury, Doosan Bobcat With 20 years’ experience in banking and corporate treasury, Keith is Director of EMEA Treasury with Doosan Bobcat – a leading manufacturer and distributor of construction equipment. Prior to joining Doosan in 2008, Keith worked at Citi’s outsourced treasury solutions group. He holds BSc Computer Science (Hons) from Trinity College Dublin, a Diploma in Treasury Management (AMCT) and is an IACT committee member.
CORMAC MAGUIREChief Treasury Officer, Ardagh Group S.A. A graduate from UCD, Chartered Accountant and Fellow of Association of Corporate Treasurers, Cormac joined Ardagh as Chief Treasury Officer in 2016, having spent most of his previous treasury career with Smurfit Kappa since 1996 where he was their Head of Treasury Operations for the last 6 years. Ardagh have been very active in the Capital Markets over the last two years and completed an Asset Backed Revolving Credit Facility of $850m in December 2017. Ardagh operates 108 facilities in 22 countries, employing approximately 23,300 people and has global sales of approximately €8.6 billion.
CHARLIE MINUTELLAGlobal Head of KYC Industry Solutions, Refinitiv (formerly Financial & Risk business of Thomson Reuters) Leading business development, industry adoption and client experience for KYC Solutions, Charlie is responsible for the design and adoption of Know-Your-Customer related managed services including outsourcing client onboarding and enablement within financial services. He previously founded the Financial Markets Documentation practice for Pangea3 with responsibility for solution design & global client adoption re outsourcing OTC derivatives contract negotiation and intelligence. Charlie led TR’s response to the BCBS-IOSCO margin requirements for non-centrally cleared derivatives.
RAFAEL MATOSMultinationals Corporate Banker, J.P. Morgan (Brazil)
With J.P. Morgan since 2010, after working at Morgan Stanley and Citi, Rafael moved to coverage from Legal. Based in Brazil, he is an expert in Brazil’s FX regulation, having led the Legal team responsible for Foreign Exchange, Derivatives, Commodities, Treasury Services, Trade and Lending. Rafael currently covers Brazilian subsidiaries of J.P. Morgan’s UK & Ireland clients.
COLUM LYONSChief Operating Officer, ID-Pal A qualified financial advisor and charting technical analyst, Colum was previously a stockbroker and high frequency trader. He is the Founder and COO of ID-Pal, an award winning Identity Verification platform that enables businesses to verify the identity of their clients in a simple, secure and convenient manner with little or no development effort.
RICHARD MARTINManaging Director, Payments & Cash Management, Barclays Bank plc Richard is responsible for driving the commercial performance of the Barclays product range globally to meet customer needs. He was previously Global Head of Product Management, Payments and Cash Management at ABN AMRO with responsibility for Euorpean cash management development during the Euro launch. He started his carreer at HSBC where he played a leading role in the creation of the their payments transmission services division.
GEORGE LEECurrent Affairs Correspondent, RTE A graduate from the London School of Economics and UCD, George has been an economist at the Central Bank, ESB, Riada Stockbrokers, the Sunday Business Post and at RTE where he was Economics Editor from 1995 until 2009 before becoming a TD for Dublin South. He returned to the broadcaster and is currently RTE’s Agriculture and Environment Correspondent.
Irish Association ofCorporate Treasurers
CORPORATE TREASURY & CASH MANAGEMENT CONFERENCE 2018 | 9Irish Association ofCorporate Treasurers
Irish Association ofCorporate Treasurers
Irish Association ofCorporate Treasurers
EVENT SPEAKERS
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NANDINI RAMAKRISHNANMarket Strategist, J.P. Morgan Asset Management
Nandini co-authors the Guide to the Markets and other key publications relating to macroeconomic and market dynamics. She provides research-driven outlooks for clients based in the UK and EMEA. Nandini holds an Economics degree from the University of Chicago and previously worked in securities structuring in J.P. Morgan’s investment bank in the US.
JOHN TEELINGSerial Entrepreneur
Widely regarded as the father of the Irish whiskey renaissance, John set up Cooley Distillery in 1986 & later re-opened Locke’s Distillery in Kilbeggan. He lectured in Business Administration at University College Dublin and developed a series of mining and oil exploration companies. John holds degrees from University College Dublin (B Comm., M Econ. Sc.), Wharton School at University of Pennsylvania (MBA) and a doctorate from Harvard Business School.
LEON WIJNANDSGlobal Head of Sustainability, ING
Léon has more than 25 years sales and marketing banking experience. Prior to his current position in 2013, Léon led the ING Bank Customer Contact Centers and the Customer Intelligence team with responsibility for 21 “District Amsterdam” branches and has led many marketing initiatives and change programmes. Léon holds a master degree in business economics, business administration and financial economics. He joined ING in 1990.
Irish Association ofCorporate Treasurers
10 | Asset Management
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Irish Association ofCorporate Treasurers
CORPORATE TREASURY & CASH MANAGEMENT CONFERENCE 2018 | 11Irish Association ofCorporate Treasurers
Irish Association ofCorporate Treasurers
Irish Association ofCorporate Treasurers
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