CORPORATE TREASURY & Irish Association of 2018 CASH MANAGEMENT CONFERENCE Corporate Treasurers WEDNESDAY 14TH NOVEMBER CROKE PARK STADIUM | DUBLIN | IRELAND tel: + 353 1 524 2375 Irish Association email: [email protected] of www.summitfocus.com www.corporatetreasury.ie Corporate Treasurers Irish Association of www.treasurers.ie Corporate Treasurers Irish Association of Corporate Treasurers Irish Association of Corporate Treasurers Irish Association of EVENT SUPPORTERS Corporate Treasurers PREMIUM SILVER SPONSOR SILVER SPONSORS Asset Management PREMIUM EXHIBITORS Official Banking Partner of the GAA. Backing Club and County. LANYARD LUNCH DRINKS RECEPTION COFFEE BREAK Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Custodian Ref: E00091551 Date: October 13, 2017 1:46 PM Job Title: GAA Programme Ad Artworker: Sean Job Code: 105mm x 150mm wide Q.C.: Noel Version: 10-17 2 | Round: 1 Asset Management Irish Association of WELCOME NOTE Corporate Treasurers Irish Association of Corporate Treasurers www.treasurers.ie 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 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. 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