Session 05
X - Executive, A - Advanced, I - Intermediate, B – Basic, G - GTOT Credit
CTP Preparatory Sessions are not available for CTP or FPAC credit.
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Treasury & FX Management in a Global Organization Using Pooling & Hedging (A)
- Minal Karlekar, Director, Rates & Currencies - Bank of America
- Shawn Mire, Senior Treasury Manager - Yelp
- Anisha Gulati, Lead Global Liquidity Specialist - Bank of America
- Juliette Simmons, Corporate Cash - PayPal
Tuesday, April 16th
9:45am - 10:45am
Waterway 1
Session Description
US corporates are increasingly opening new sources of revenue and cost savings via expanded business corridors in non-US jurisdictions. At the same time, today’s Treasurers need to prioritize global cash management while mitigating country and currency risk. This panel will discuss global cash strategies including aggregated pools and FX hedging. Deploying optimal tactics can help automate funds settlement, ensuring cash reaches the right place at the right time in the currency of choice.
- Understand the implications of foreign currencies transactions
- Understand techniques to manage FX Risk
- Gain visibility into automation options via pooling
Speaker Information
Minal Karlekar is a director in the Rates and Currencies advisory business within Capital Markets. She is responsible for delivering foreign exchange and interest rate risk mitigation strategies to the bank’s middle-market clients. Minal joined Bank of America in 2014 in Charlotte, as an FX advisor for the Southeast markets and relocated to the Chicago office in 2016, covering both rates and FX advisory for the Central region. In October 2022 she transferred to the LA office to help grow our west coast business. Prior to joining the bank Minal worked at Barclays, spending 5 years covering large corporate clients in a commodity risk management role, both in Sydney and New York.
Shawn Mire is a passionate treasury professional leading financial management best practices in large multinational organizations for more than 15 years. At Yelp he is responsible for managing capital markets strategy, capital allocation and liquidity management. His past experience includes leading treasury teams in the Oil and Gas and Real Estate industries and he began his career in investment banking with Raymond James. He holds degrees from Louisiana State University and Carnegie Mellon University as well as the CFA and CTP designations.
Anisha Gulati is a Lead Global Liquidity Specialist with expertise in covering the Middle Market Segment. She is an expert in Payments and liquidity management, delivering large and complex account structures and pooling solution for clients, helping them gain visibility and control while maximizing returns on liquidity held with the bank. She is also responsible for executing the deposit and pricing strategy for the segments she manages. Anisha also has deep expertise in Payments & Receivable business where she was responsible for integrating the banking platform with Swift GPI while helping clients evolve through their digital journey via reporting and portal integration. She has deeply committed to helping bring innovation to transaction banking and transforming Treasury Management through automation and consolidation. She has held several roles in Product Management and Product Development over her career and is a client advocate.
Juliette Simmons holds a Bachelors degree in Economics and an MBA from Texas State University. Julie has an extensive & diverse career in Treasury, with experience in FX & Cash Management at large Texas based-corporations while also having spent a portion of her career at Ion – the parent company of many Treasury Workstations. Today Julie overseas Corporate Cash at PayPal, a transaction heavy FinTech with a vast geographic footprint.
A Fraudster’s Paradise (I) (G)
- Crissy Terry, Vice President, ePayAdvisors
Tuesday, April 16th
9:45am - 10:45am
Waterway 4
Session Description
Bank fraud has become a paradise for fraudsters simply because there are so many options ranging from old school check fraud to digital fraud. This session explores current fraud trends and dives into how to be mitigate fraud. Fraud topics include: checks, online banking, instant payments, wire, and debit cards. Join me in having an open discussion about what you are experiencing in your financial institution, so together, we can fight fraud!
This session will serve as a reminder of all the fraud opportunities available to the bad guys and how, as a financial institution, you can mitigate these losses.
Speaker Information
The Trend Towards Paying/Invoicing In Different Currencies (I)
- Jeff Orgill, FX Sales & Trading - GPS Capital Markets
- Fadi Bunni, Controller - Smith & Associates
- Gabe Canales, Sr. Treasury Manager - Imagine Communications
Tuesday, April 16th
9:45am - 10:45am
Waterway 5
Session Description
Over the last year, there’s been a trend with international companies setting up capabilities to buy or sell products/services in different currencies. These companies previously negotiated their contracts/invoicing in USD, but have found a competitive edge by working in the local currency. This session will cover what the benefits are of working in different currencies are, how best to manage FX risk, and a framework for weighing the costs/benefits.
- Benefits of pricing in the local currency when buying and selling products in foreign countries
- How to manage foreign currency risk on foreign cashflows
- A framework for weighing the costs and benefits of working in the local currency
Speaker Information
At GPS Capital Markets, Jeff Orgill specializes in helping companies manage their foreign currency exposure and streamline all processes related to FX. He’s worked with a wide range of companies across different industries from small startups to large, publicly traded firms. His experience centers on helping companies understand what their exposure is and helping them make best practice decisions that manage their risk while automating the process as much as possible. In his free time he enjoys reading and getting outdoors with hobbies that include running and rock climbing.
Fadi Bunni has garnered extensive expertise in accounting and treasury operations at Smith & Associates. His tenure has witnessed the company's remarkable growth from $500 million to surpassing $4 billion in annual revenue. Smith & Associates stands as a global frontrunner in electronic components and semiconductor distribution, boasting a workforce of 900 professionals across more than 20 cities worldwide. With this incredible global growth Fadi worked to establish a robust FX hedging program to protect Smith & Associates from the volatility of the foreign currency markets. In Fadi’s free time he enjoys cheering on Houston’s local sports teams, playing pickleball, and spending time with this dog.
At Imagine Communications, Gabe Canales heads the Global Treasury department with his expertise in banking, cash flow management, and process automation. He has helped transform the Treasury department into a Profit-Center by implementing FX trade solutions, automating processes, and maximizing on interest income earned. Experience includes working for Fortune 500 companies such as GameStop and Copart in the Treasury realm, and as a banker for Bank of America and JPMorgan Chase. In his free time, he enjoys watching sports, live music, the outdoors, and spending time with his children and wife.
How to Streamline Treasury Management Workflows with Embedded Finance (I)
- Robert May, SVP, Digital Channels Platform - PNC Bank
Tuesday, April 16th
9:45am - 10:45am
Waterway 6
Session Description
As growing companies scale their businesses, cash management increases in importance and complexity. Banks have a new opportunity to drive transformation in the commercial space by offering products that intelligently integrate into their clients’ preferred applications. In this session, PNC will explore the efficiencies that treasury management professionals can realize in their banking and accounting workflows through the adoption of embedded finance solutions.
- How organizations can leverage embedded finance solutions to remove frictions in traditional business processes.
- How Embedded Finance and ERPs are changing the face of commercial banking.
Speaker Information
Bob May is a senior vice president and team manager supporting PNC’s treasury management products. In his current role, Bob is responsible for digital channels product management for the bank’s corporate clients, including the API and file transfer channels. He leads the API and embedded banking programs for PNC’s corporate clients, with the goal of streamlining client interactions with treasury products as well enabling PNC clients to provide new products and services to their customers. Bob earned his MBA from the University of Pittsburgh and bachelor’s degree from Ohio University. He is a certified project manager (PMP).
Peering Under the Hood to Propel Clients Ahead of the Pack (A) (E)
- Carol Carr, J.P. Morgan
- Luis Orozco, Cinepolis
- Jennifer Swartz, Senior Director of Treasury and Banking - California Bioenergy
Tuesday, April 16th
9:45am - 10:45am
Waterway 7
Session Description
Learn how consulting teams’ partner with clients to offer insight into how they stack among peers and provide guidance on how to improve efficiencies.
Executive Track Sponsored by J.P. Morgan
Speaker Information
Carol Carr is a market consultant with the Corporate Treasury Consulting team of J.P. Morgan’s Commercial Bank covering middle market clients in the Southwest region. The team works directly with clients to provide strategic insights into treasury processes and best practices. Using payments expertise and process analysis the team identifies efficiencies to meet the complex challenges clients face in today’s treasury environment. Carol has over 25 years of relevant industry experience in cash management and treasury services beginning her career with the Federal Reserve Bank-10th District and as Corporate Cash Manager for a global telecommunications company, along with multiple roles within the banking industry. Additionally, she and her husband founded and operated a vineyard and winery in western Colorado for 13/years before it was successfully acquired. Carol received her Bachelor of Arts from the University of Houston in Texas. She is based in downtown Denver - J.P. Morgan’s Market Station office.
Luis Orozco is the Chief Financial Officer at Cinepolis USA, a part of Cinepolis Group one the largest cinema chain operators in the world with more than 6,800 screens. In his current position as CFO, he manages Treasury, Accounting, Payroll, and Procurement for the US operations. Luis has over 20 years of experience within the industry, during which he has developed a diverse range of skills and expertise. Throughout his career, he has held various roles, including Financial Planning and Analysis (FP&A), Real Estate, and Controllership, among others. Among Luis's accomplishments is the development of a shared service center that services global operations across three continents. This center has played a crucial role in streamlining operations and improving efficiency. During his tenure in the US, the company has seen significant growth, doubling its footprint and expanding its reach. Luis completed his MBA at Duke University. Currently, Luis offices in the Cinepolis USA corporate office in Dallas.
Jennifer Swartz is the Senior Director of Treasury and Banking at CalBio HoldCo LLC, spearheading financial strategies for the leading developer and operator of dairy digester projects. As Jenn was the first employee of CalBio, she witnessed the company grow from an idea of possibly generating renewable energy from dairy manure. Jenn has grown into her current position through successfully navigating from 2 project entities to the complexities of managing over 175 entities and 225 accounts. Jenn’s dedication to implementing treasury and banking, addressing the company’s constituents effectively and efficiently, and fostering banking relationships is instrumental in driving the company's mission forward, contributing to its ongoing success in the renewable energy sector. Jenn has been a part of the DFW Metro area community since 1996. She joined California Bioenergy in 2009. Throughout her tenure with CalBio, Jenn has held diverse roles, including Accounting Manager and Controller, before assuming her current position as Senior Director of Treasury. Jenn received her Bachelor of Business from Western Governors University.
Leveraging Data and AI to Counter Discriminatory Pricing in Global FX Markets (I)
- Anders Nicolai Bakke, CEO & Co-Founder - Just Technologies
- Kelly McClelland, Manager of Global Treasury Technology - Sysco Corporation
Tuesday, April 16th
9:45am - 10:45am
Waterway 8
Session Description
The world of foreign exchange (FX) markets is complex. Businesses often grapple with opaque and discriminatory pricing practices, inadvertently contributing to excessive bank profits. Companies can reduce FX trading costs by 70-80% annually by leveraging data and embracing AI advancements. We’ll review case studies and practical examples, highlighting the impact of data-driven strategies in achieving cost efficiency. Join us to explore AI’s power in achieving information parity, revolutionizing how businesses navigate FX complexities.
- Empower Treasurers: Equip corporate treasurers to challenge norms and optimize FX costs.
- AI + FX data: Explore generative AI’s role in reshaping how companies handle FX data.
- Strategic Advancements: Highlight recent AI developments revolutionizing FX decision- making.
- Tech for Equity: Embrace innovations for a fairer and transparent FX market.
Technology Track Sponsored by HighRadius
Speaker Information
Anders Nicolai Bakke is the CEO and founder of Just, a pioneering technology firm dedicated to fostering transparency in financial markets. Under his leadership, Just has emerged as the premier provider of trade cost analysis for corporate treasurers. Leveraging its cutting-edge software, the company offers real-time market data, sophisticated benchmarking algorithms, and invaluable peer data. Through Just, hundreds of businesses have successfully reclaimed millions from bank profit pools. A serial entrepreneur, Anders previously established the Nordics' first mobile payments company, which was acquired by a consortium of banks. His diverse background spans computer science, capital markets, and consulting, showcasing a blend of technical expertise and financial acumen.
Kelly McClelland, Manager of Global Treasury Technology at Sysco Corporation. She a seasoned professional with a robust background in business, energy, banking, and regulatory fields. Her expertise lies in treasury operations and technology, facilitating, motivating, prioritizing, and cultivating strong relationships with both internal and external clients. Kelly has a proven track record of orchestrating comprehensive projects while maintaining a strategic focus. She excels in systems utilization, data, analysis, and programming across various technologies. Throughout her career, Kelly has held diverse roles, including a position as CEO of Offshore Inspection Group, Treasury Manager at Post Oak Bank, Product and International Sales at Wells Fargo, and Cash Manager at Noble Drilling Corporation.
Asset Allocation, Manage the balance between risk and return (I) (G)
- Will Goldthwait, Fixed Income Strategist - State Street Global Advisors
- Lina Arikat, Treasury Trader - ExxonMobil
Tuesday, April 16th
9:45am - 10:45am
Montgomery C
Session Description
Establishing a framework around your cash allocation is a critical first step in determine how much risk you are willing to take vs. the return generated. Our discussion will focus on the various structural, cyclical and tactical factors that play a part in the allocation. How do these inputs influence and challenge our discussion making.
Listeners will come away with a clear understanding of how to establish a framework that can help with your investment decision making and asset allocation
Speaker Information
Will Goldthwait is a Vice President, Portfolio Strategist at State Street Global Advisors. He is a member of the Global Cash and Global Fixed Income Investment Management Teams. Will is responsible for the communication of cash and fixed income investment strategy and performance to clients, consultants and prospects. He covers multiple sectors and vehicles, including both active and indexed fixed income. Prior to joining SSGA in 2014, Will spent time on both the advisory and brokerage side of the business. Most recently he was part of Royal Bank of Scotland's Institutional Fixed Income Sales team and Merrill Lynch's Institutional Money Market Sales Team. Prior to Merrill Lynch will worked as a Money Market Portfolio Manager and Fixed Income Trader for Columbia Management and Fleet Investment Advisors. Will received his BA from Roanoke College and has his Series 7 and 63 Securities License.
Lina Arikat is a Treasury Trader on ExxonMobil’s Global Cash Management Team. She leads the execution of short-term investments, commercial paper issuances and share repurchases on behalf of Exxon Mobil Corporation. She works closely with colleagues in Latin America, Europe and Asia Pacific to optimize investments across a diverse global portfolio. ExxonMobil is the largest energy company in the United States and is headquartered in Spring, Texas. Lina received her Bachelor’s degree in Economics from the University of California, Berkeley in 2010 and spent her early career working at a start-up in Silicon Valley. Since joining ExxonMobil in 2015, she has lived and worked in Houston, Dallas-Fort Worth and Buenos Aires, Argentina
CTP – Session 5 – Mastering CTP (ETM7) Materials (B)
- Dubos Masson, Ph.D, CTP, CertICM, President, The Treasury Academy
- Raymond Vines, CTP - Part Time Treasurer, Treasury Consultant, Trainer - Turningpoint Communications
Tuesday, April 16th
9:45am - 10:45am
Montgomery A&B
Session Description
- Chapter 13: Short-Term Investing/Borrowing
- Chapter 17: Financial Risk Management
Speaker Information
D.J. Masson, Ph.D., is President of The Treasury Academy, a training and consulting firm specializing in treasury management, international finance, business forecasting, and risk management. Over the past 25 years, D.J. has provided business and financial consulting and training services to a wide variety of corporations, financial institutions, and not-for-profit organizations in the U.S., Canada, and abroad. He is currently an Associate Clinical Professor of Finance at Indiana University’s Kelly School of Business and is a trainer and curriculum developer for programs with Association for Financial Professionals (AFP), GT News and Association of Corporate Treasurers (ACT) in the U.K, and Citibank’s Global Transactions Services unit. D.J. has extensive experience in developing curriculum for a wide range of teaching and training environments, both residential and on-line. He has developed classes and taught at all levels of higher education: undergraduate, MBA, Executive MBA, and in-house, custom-designed courses. D.J. has worked with professional associations to develop workshop, training materials, and certification programs in the areas of Treasury Management, Credit Management, Global Cash Management, Financial Forecasting, Commercial Banking, and Risk Management. D. J.’s educational background includes a B.A. in Business from the University of New Orleans and an MBA and Ph.D. in Finance from Indiana University. D.J. earned his Certified Cash Manager (CCM/CTP) credential in 1988. D.J. also earned the Cert ICM, an international cash management certification, from the Association of Corporate Treasurers (ACT) in the UK in 1999.
Ray Vines brings 30 years of corporate treasury experience (and honesty) to bear for Turningpoint Communications’ treasury management sales trainees, customers, customers’ clients and other key constituents as the “voice of the client” for programs, documentation and high-touch client experiences. Ray is also an instructor for the Association for Financial Professionals’ (AFP) Certified Treasury Professional (CTP), Treasury Learning System instructor-led courses, educating hundreds of prospective CTP candidates each spring and fall for Rice University and the University of Texas. Formerly, Ray served as Director of Treasury for Dean Foods in Dallas for seven years, where he was responsible for leading treasury operations and his team, managing internal and external relationships and continuous process improvement. Prior to Dean Foods, Ray spent 20 years at RadioShack as Director of Treasury Operations. Ray is an active participant in enhancing the role of treasury management as an industry and career through his participation on industry roundtables and his leadership of the Dallas AFP, including his role as past president of the . Ray co-chaired the award-winning TEXPO conference in Dallas in 2018, leading all technological, marketing and communications aspects of the conference and is a key member of the content team for #DallasTEXPO2023. Ray holds a B.S. in Finance and MS in Accounting from the University of Texas and is a Certified Treasury Professional (CTP). Ray is also a WSET Level 3 Advanced (Wine & Spirits Education Trust) Wine and Spirits Certified instructor, and customizes courses in wine/spirits etiquette for financial audiences and executives.
Coming Soon!
Session Description
Please check back with us as we update our sessions!
Speaker Information
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