2018 CASH MANAGEMENT CONFERENCE Corporate Treasurers WEDNESDAY 14TH NOVEMBER CROKE PARK STADIUM | DUBLIN | IRELAND

CORPORATE TREASURY & Irish Association of 2018 CASH MANAGEMENT CONFERENCE Corporate Treasurers WEDNESDAY 14TH NOVEMBER CROKE PARK STADIUM | DUBLIN | IRELAND

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It is my great pleasure to welcome you to the Irish Association of Corporate Treasurers these issues. Some will be more relevant to you than others, but be open to those that are 2018 annual conference and our return to the wonderful Croke Park Stadium. not relevant to you today - they may well be tomorrows’ priority.

In the last number of years, our conference programme emphasis has been on change, Enjoy the day, listen and learn, take opportunities to ask our speakers’ questions, join the and more specifically, on the pace of change. International and local landscapes have activities throughout and don’t forget to chat. The nuggets of information you take home changed, and no doubt will continue to do so into infinity. The heart of treasury is from today may come from the most unlikely of sources! 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. ANNE FITZGERALD President, Priorities rise and fall depending on where we are in the economic cycle, on geopolitical Irish Association of Corporate Treasurers issues and on the latest technology advancements. At today’s conference we cover all

Irish Association of Corporate Treasurers CORPORATE TREASURY & CASH MANAGEMENT CONFERENCE 2018 | 3

Irish Association of Corporate Treasurers

Irish Association of Corporate Treasurers Irish Association of EVENT SPEAKERS Corporate Treasurers

MARK BONHAM Head 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.

ERIK DE VRIJER Assistant Director/European Department, International Monetary Fund (Washington) PUT CASH

Having worked in several area departments (African, Middle East and Central Asia, and European Departments), Erik De Vrijer is now Mission Chief for Ireland IN ITS 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. PLACE

BALINT ELEK Head 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 Which is why we actively work with you to craft the right cash strategy. Segmenting cash and guarantees to receivables finance. He holds a Master degree in financial services leveraging solutions across the full ultra-short spectrum to help maximize opportunity. from Hungary’s University of Pecs and Germany’s University of Hagen. Visit jpmgloballiquidity.com to learn more about how we can help optimize your cash strategy

COLM FAGAN Director 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 The value of investments, and any income from them, may fall as well as rise. Investors may not worked as Head of IT Security for Novartis Pharmaceuticals BSC in Dublin. get back the full amount invested. He holds BEng (Hons) Electronics and Communications Engineering from the LV-JPM51553 | 10/18 304698c0-b8d4-11e7-99dc-005056960c63 University of North London, is a member of ISACA Ireland Chapter and ISC2.

4 | Asset Management Irish Association of EVENT SPEAKERS Corporate Treasurers

ANNE FITZGERALD Financial & Operations Controller, Securitas Group Treasury Centre You can read the With over 20 years’ treasury experience, Anne is a director at Securitas Treasury Ireland Ltd with responsibility for the Securitas Group Treasury Centre, accounting, market at a glance. operations & treasury related IT systems. Previous experience includes Citigroup What about your Agency Treasury working with a number of large multinationals with responsibility for onboarding new and existing clients onto treasury management systems before bank accounts? setting up her own consultancy company. She is the IACT’s 2018 President. 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: DAVID HEATH Lorraine Donnelly Co-Founder, Circit HSBC Ireland Phone +353 1 635 6617 David is a chartered accountant and experienced financial auditor. He co- Or visit HSBCnet.com 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.

DARA KAVANAGH Senior 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. Together we thrive

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Irish Association of Corporate Treasurers CORPORATE TREASURY & CASH MANAGEMENT CONFERENCE 2018 | 5

Irish Association of Corporate Treasurers

Irish Association of Corporate Treasurers Irish Association of Corporate Treasurers EVENT PROGRAMME

07:30 u 08:00 REGISTRATION & NETWORKING

08:00 WELCOME ADDRESS ANNE FITZGERALD - President, Irish Association of Corporate Treasurers

08:10 CONFERENCE CHAIRMAN – OPENING ADDRESS GEORGE LEE - Current Affairs Broadcaster, RTE

WHERE ARE WE IN THE ECONOMIC CYCLE? 08:15 AND WHAT DOES IT MEAN FOR INTEREST RATES? With the current economic cycle already one of the longest in history, the question remains – how long can it continue? At the same time, economies around the world are contending with political, demographic, structural and cyclical issues. How do we navigate the varied economic landscapes and the interest rates that come with it?

NANDINI RAMAKRISHNAN - Market Strategist, J.P. Morgan Asset Management Q&A

08:45 RETHINKING FINANCE IN A CIRCULAR ECONOMY Societal challenges like resource scarcity and climate change combined with technological innovation and evolving consumer demand are changing and disrupting the business models of a lot of companies. What are the financial implications of these changes? To what extent could this impact cash flows, balance sheet and risk management in your companies? And what does this mean for the way you are funded and the role of banks? LEON WIJNANDS - Global Head of Sustainability, ING Q&A BREXIT: IS YOUR TREASURY FUNCTION PREPARED? 09:15 Many corporates doing business in the UK or Europe are considering potential treasury function impacts. What role can treasury functions play in contingency planning for various Brexit scenarios? Impact on financial services and physical goods may be very different. Treasurers need to be aware of required changes to banking relationships but also of the impact to products and commercial partners. Consider structural changes such as treasury location, supply chain or product distribution? Given risks in the key UK and US export markets, are there opportunities to diversify overseas trade beyond traditional partners leveraging on international Trade Agreements?

BALINT ELEK - Head of Global Trade and Receivable Finance, HSBC Bank plc Q&A

THE JOURNEY OF RAISING CORPORATE FINANCE – ONE TREASURER’S TRAIL 09:45 Ardagh have been very active in the Capital Markets space over the last two years and completed a $850m Asset Backed Revolving Credit Facility in December 2017. Hear one treasurer’s trail through the processes and challenges as well as the journey to completion and the road ahead

CORMAC MAGUIRE - Chief Treasury Officer, Ardagh Group S.A. Q&A

10.15 COFFEE BREAK

11:00 CONFERENCE CHAIR GEORGE LEE

11:05 CYBER RISK – A DOOSAN BOBCAT CASE STUDY The challenges, strategies, implementations and the ongoing outcomes of one international corporate who’s Irish based treasury operations navigate global cyber risk challenges daily.

KEITH LYNCH - Director – EMEA Treasury, Doosan Bobcat COLM FAGAN - Director of IT Security, Doosan Bobcat Q&A

11:40 HEDGING AND ACCOUNTING FOR TREASURERS With the requirements of IFRS 9 implementations now upon corporates, what are the key actions to be taken now in order to ensure compliance and what are the next steps to be taken in order to realise the benefits of the new financial reporting standard.

DARA KAVANAGH - Senior Manager – Corporate Treasury Specialist, EY Q&A

SPEAKER QUESTIONS & SURVEYS: Log On: www.isay.ie Questions will appear on stage screen during the Q&A session Password: summit

Irish Association of Corporate Treasurers

12:00 TECH TALKS – FINTECH INNOVATION Presented in Japanese Pechakucha format (ie. each presenter has 20 slides, each slide dissolves after 20 seconds – total 6 minutes 40 seconds), this rapid fire session will feature some concise, innovation-focused presentations on how technologies and innovations in FinTech, and elsewhere, are currently reshaping the treasury landscape. 12:55 DAVID HEATH - Co-Founder, Circit COLUM LYONS - Chief Operating Officer, ID-Pal Q&A

MORNING SESSION CLOSE 12:25 GEORGE LEE - Current Affairs Broadcaster, RTE

LUNCH & OPTIONAL LUNCH ACTIVITIES 12:30 u 14:00 13.15 - 13.40 Laughter Yoga 13.15 - 13.40 Stadium Steps Challenge

14:00 CONFERENCE CHAIR GEORGE LEE - Current Affairs Broadcaster, RTE

14:05 GLOBAL ECONOMICS LANDSCAPE – PERSPECTIVES FROM ACROSS THE ATLANTIC Against the backdrop of the global economic landscape, Erik will focus on the IMF’s view of the current Irish economy and the challenges ahead. Presentation followed by interview with conference chair and audience Q&A.

ERIK DE VRIJER - Assistant Director/European Department, International Monetary Fund (Washington) Q&A

CASH MANAGEMENT – CURRENT AND FUTURE TRENDS 14:50 Observations on what corporates are doing regarding their payments & liquidity structures in the context of Brexit and how all of this is expected to unfold with the current interest rate environment in Europe. Recap on what was predicted back in 2017 IACT and what the reality is on Euro Instant Payments uptake by the industry and client communities.

RICHARD MARTIN - Managing Director, Payments & Cash Management, Barclays Bank plc Q&A

TREASURY SPOTLIGHT: DOING BUSINESS IN RUSSIA (THE NETFLIX CASE!) 15:20 A case study regarding a Russian business opportunity and investment. KYC challenges. Exposures to Sanctions, BREAKOUT A AML, UBO (ultimate beneficial owner) risks, Russian politics, North Sea oil, regulatory issues and murder! Highlight on risk and appropriate due diligence for business and investment opportunities.

MARK BONHAM - Head of Risk & Compliance, Optal Financial Europe Q&A

TREASURY SPOTLIGHT: DOING BUSINESS IN BRAZIL 15:20 Brazil has just been through a very polarized presidential run off, between extreme left and extreme right. What is the outlook for Brazil with its new President – mandate starting January 2019? What are the key reforms required to BREAKOUT B achieve sustainable growth? Does the President have willingness and Congress support to implement them? How will these uncertainties affect FX and interest rates, as well as multinationals’ operations and future plans in Brazil? What changes or strategies need to be implemented by corporates to meet the unfolding challenges?

RAFAEL MATOS- Multinationals Corporate Banker, J.P. Morgan (Brazil) Q&A

15:50 COFFEE BREAK

16:30 REGULATION & COMPLIANCE: MAINTAINING YOUR BANKING RELATIONSHIPS MORE EFFECTIVELY – KYC KYC, AML and GDPR are part of the ever-increasing regulatory burdens creating further mundane and time-consuming repetition for treasurers getting access to financial services. The evolution of KYC utilities and the impact for corporates. Industry challenges associated with KYC processes. Lessons learned – current progress made by utilities including the challenges. What needs to change – how to ensure the growth of KYC utilities and their value proposition for corporate treasurers.

CHARLIE MINUTELLA- Global Head – KYC Industry Solutions, Refinitiv (formerly Financial & Risk business of Thomson Reuters) Q&A

17:00 THE LAST WORD JOHN TEELING- Serial Entrepreneur

CONFERENCE CLOSE 17:25 ANNE FITZGERALD- President, Irish Association of Corporate Treasurers

17:30 u 19:00 NETWORKING DRINKS RECEPTION Irish Association of Corporate Treasurers EVENT PROGRAMME

07:30 u 08:00 REGISTRATION & NETWORKING

08:00 WELCOME ADDRESS ANNE FITZGERALD - President, Irish Association of Corporate Treasurers

08:10 CONFERENCE CHAIRMAN – OPENING ADDRESS GEORGE LEE - Current Affairs Broadcaster, RTE

NANDINI RAMAKRISHNAN - Market Strategist, J.P. Morgan Asset Management Q&A

BALINT ELEK - Head of Global Trade and Receivable Finance, HSBC Bank plc Q&A

CORMAC MAGUIRE - Chief Treasury Officer, Ardagh Group S.A. Q&A

10.15 COFFEE BREAK

11:00 CONFERENCE CHAIR GEORGE LEE

KEITH LYNCH - Director – EMEA Treasury, Doosan Bobcat COLM FAGAN - Director of IT Security, Doosan Bobcat Q&A

DARA KAVANAGH - Senior Manager – Corporate Treasury Specialist, EY Q&A

SPEAKER QUESTIONS & SURVEYS: Log On: www.isay.ie Questions will appear on stage screen during the Q&A session Password: summit

Irish Association of Corporate Treasurers

MORNING SESSION CLOSE 12:25 GEORGE LEE - Current Affairs Broadcaster, RTE

LUNCH & OPTIONAL LUNCH ACTIVITIES 12:30 u 14:00 13.15 - 13.40 Laughter Yoga 13.15 - 13.40 Stadium Steps Challenge

14:00 CONFERENCE CHAIR GEORGE LEE - Current Affairs Broadcaster, RTE

ERIK DE VRIJER - Assistant Director/European Department, International Monetary Fund (Washington) Q&A

RICHARD MARTIN - Managing Director, Payments & Cash Management, Barclays Bank plc Q&A

MARK BONHAM - Head of Risk & Compliance, Optal Financial Europe Q&A

RAFAEL MATOS- Multinationals Corporate Banker, J.P. Morgan (Brazil) Q&A

15:50 COFFEE BREAK

CHARLIE MINUTELLA- Global Head – KYC Industry Solutions, Refinitiv (formerly Financial & Risk business of Thomson Reuters) Q&A

17:00 THE LAST WORD JOHN TEELING- Serial Entrepreneur

CONFERENCE CLOSE 17:25 ANNE FITZGERALD- President, Irish Association of Corporate Treasurers

17:30 u 19:00 NETWORKING DRINKS RECEPTION Irish Association of EVENT SPEAKERS Corporate Treasurers

GEORGE LEE RICHARD MARTIN Current Affairs Correspondent, RTE Managing Director, Payments & Cash Management, Barclays Bank plc

A graduate from the London School of Economics and UCD, George has been an Richard is responsible for driving the commercial performance of the Barclays economist at the Central Bank, ESB, Riada Stockbrokers, the Sunday Business product range globally to meet customer needs. He was previously Global Head Post and at RTE where he was Economics Editor from 1995 until 2009 before of Product Management, Payments and Cash Management at ABN AMRO with becoming a TD for Dublin South. He returned to the broadcaster and is currently responsibility for Euorpean cash management development during the Euro launch. RTE’s Agriculture and Environment Correspondent. He started his carreer at HSBC where he played a leading role in the creation of the their payments transmission services division.

COLUM LYONS Chief 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 ot verify the RAFAEL MATOS identity of their clients in a simple, secure and convenient manner with little or no Multinationals Corporate Banker, J.P. Morgan (Brazil) development effort. 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. KEITH LYNCH Director – 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. CHARLIE MINUTELLA Global Head of KYC Industry Solutions, Refinitiv (formerly Financial & Risk business of Thomson Reuters)

CORMAC MAGUIRE Leading business development, industry adoption and client experience for Chief Treasury Officer, Ardagh Group S.A. KYC Solutions, Charlie is responsible for the design and adoption of Know-Your- Customer related managed services including outsourcing client onboarding A graduate from UCD, Chartered Accountant and Fellow of Association of and enablement within financial services. He previously founded the Financial Corporate Treasurers, Cormac joined Ardagh as Chief Treasury Officer in 2016, Markets Documentation practice for Pangea3 with responsibility for solution having spent most of his previous treasury career with Smurfit Kappa since 1996 design & global client adoption re outsourcing OTC derivatives contract where he was their Head of Treasury Operations for the last 6 years. Ardagh have negotiation and intelligence. Charlie led TR’s response to the BCBS-IOSCO margin been very active in the Capital Markets over the last two years and completed requirements for non-centrally cleared derivatives. 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.

8 | Asset Management Irish Association of EVENT SPEAKERS Corporate Treasurers

NANDINI RAMAKRISHNAN Market 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 TEELING Serial 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 innovation vision sustainable Kilbeggan. He lectured in Business Administration at University College + = Dublin and developed a series of mining and oil exploration companies. business 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. Moving towards sustainability is not about achieving perfection. It is about achieving improvement. And at ING, we reward improvement. We want to help your business improve its sustainability performance and we o er you the ﬁnancial incentives to do so. Whether you are looking at innovative technologies or applying a new business model, we look at where LEON WIJNANDS you are going and want to help you Global Head of Sustainability, ING get there. In short, we take the long view, o ering Léon has more than 25 years sales and marketing banking experience. you our connections to ﬁnance as Prior to his current position in 2013, Léon led the ING Bank Customer well as a network of expertise and Contact Centers and the Customer Intelligence team with responsibility experience in making sustainable business practice pay. for 21 “District Amsterdam” branches and has led many marketing initiatives and change programmes. Léon holds a master degree in ingwb.com/improve business economics, business administration and financial economics. He joined ING in 1990.

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Irish Association of Corporate Treasurers tel: + 353 1 524 2375 Irish Association email: [email protected] of www.summitfocus.com Corporate Treasurers www.treasurers.ie