Author: Anita Hawser
TREASURY & CASH MANAGEMENT 2008

tcm01 Robert Allen
Group Treasurer
British American Tobacco
Robert Allen, appointed group treasurer effective this past June, replaces David Swann, who has now retired. Based in London, Allen works with a team of 20 professionals across the BAT group on all aspects of global treasury management. Areas encompass capital markets and debt, financial risk management, insurance, cash management, banking and treasury execution. Allen, who joined BAT in 1997, has worked in an array of roles there, ranging from global liquidity and reporting manager, European finance manager and head of finance-UK and Ireland operations, to strategy and planning director in Korea.

tcm02 Tarek Anwar
Global Head, Transaction Sales
Standard Chartered Bank
Tarek Anwar is responsible for cash management, trade finance and securities service sales to corporations and development organizations across the world. During his career Anwar has led teams in structuring capital management solutions for customers operating globally. His extensive experience in all facets of cash and treasury management includes re-engineering projects, treasury centralization programs and shared service center projects. He has also worked in an advisory capacity on change management, complex implementation and project management. After 25 years of professional activity in the United States, Asia, Europe, the Middle East and Africa, in May 2006 he moved from San Francisco back to Singapore.

Alexandre Barraine
Director of Treasury, EMEA and Asia
Magna Automotive
Early this year Alexandre Barraine joined Magna Automotive Treasury Center in Zug, Switzerland. Before taking his current position, he worked at Delphi, first as a senior analyst and later as regional treasurer, covering EMEA. He focused there specifically on debt financing, capital structure and dividend repatriation, cash pooling and treasury software implementation and cash-flow forecast. Prior to Delphi, he worked at Marsh & McClennan Enterprise Risk in New York City until that venture was wound down after September 11, 2001.

tcm03 Donald E. Berk
Senior Vice President and Head of
Product Management, Treasury Management Services
The Northern Trust Company
Donald Berk started his career at IBM, where in 1984 he worked on the first PCs. After moving into banking at Wachovia, he then joined The Northern Trust Company. He is now responsible for any product that the firm deploys into the global banking business, including US commercial banking, international banking and personal finance services. He is also in charge of all of the bank’s outsourcing solutions for item processing, lockbox and residential mortgage processing. In addition, he oversees the operation of Northern’s FSB and process management of their 85 offices nationwide.

Catherine P. Bessant
President, Global Product Solutions
Bank of America
Catherine Bessant recently led a merger of the bank’s treasury and credit organizations to integrate product delivery, accelerate innovation and improve client service. Accounting for more than $13 billion in revenue, global product solutions serves more than 140,000 business and institutional clients worldwide and offers business and corporate lending, global payments and liquidity management, commercial card services, trade finance, foreign exchange, lines of credit and equipment finance solutions. Bessant, who joined the company in 1982, was formerly global marketing executive for Bank of America and, before that, president of Bank of America, Florida.

tcm04 Alan Bieler
Treasurer
Marsh & McLennan Companies
Alan Bieler is responsible for worldwide treasury activities for MMC and its subsidiaries, which provide global services in risk, strategy and human capital. After starting at MMC in 2001 as assistant treasurer, Bieler was appointed treasurer in October 2006. Before joining MMC, he spent eight years at PepsiCo, where he served in a variety of positions, including director of corporate finance and director of international treasury. He has also worked at Cooper Industries and with GE Capital Corp.

Jill J. Bradley-Guerrino
Assistant Treasurer, Corporate Treasury
Allianz of America
Jill Bradley-Guerrino is in charge of all cash operations of Allianz Life and Fireman’s Fund companies and their associated entities. The main functions within these departments are bank relationship management and services, cash operations and forecasting, financing strategies, strategic planning and risk management. During her 17-year tenure with Allianz, Bradley-Guerrino has held numerous positions in the finance area.


tcm05 Brian P. Breen
Senior Vice President and Treasurer
Simmons
Brian Breen joined Simmons in July 1996 and has served as vice president and treasurer since January 2002. As treasurer Breen has led and directed the transformation of the treasury department into an industry leader, particularly in the area of working capital management. He has been an active member of the Simmons management team, engaged in various buy/sell enterprise transactions. The most notable transaction took place in 2003 and involved private equity firms Thomas H. Lee Partners and Fenway Partners.

tcm06 Eric Campbell
Chief Technology Officer
Bottomline Technologies
For 25 years Eric Campbell has been actively involved in helping some of the world’s largest banks and financial institutions develop strategies for global cash management. An expert on wholesale electronic banking and international payments, Campbell played an instrumental role in introducing in 1996 one of the industry’s first web-based corporate cash management services. Today, he is driving the development of Bottomline’s WebSeries platform, which helps banks execute competitive growth strategies. It does so by providing flexibility and scalability for innovative global products and services for corporate treasury.

tcm07 Pamela A. Carson
Executive Vice President, Group Executive – Global Treasury Management, Global Trade and International Payment Services
KeyCorp
Pamela Carson’s groups at KeyCorp provide cash management and trade solutions and services to the bank’s commercial, corporate and consumer clients. Global treasury management comprises sales, product and support professionals. Carson began her career at Key in 1992, forming and managing credit production management, channel management and Internet strategy for the commercial bank. Previously, she was chief administrative officer for Key corporate and investment banking. Before joining Key, she had held a variety of positions at Citicorp since 1980, ranging from operations to international to relationship management.


tcm08 Michael W. Connolly
Vice President and Treasurer
Tiffany
Michael Connolly has a wide range of responsibilities at Tiffany, where he has been treasurer since 1997. Connolly’s bailiwick covers treasury operations, financial risk management, operational risk management and insurance. He is also a member of Tiffany’s pension, enterprise risk management, business recovery and continuity, security and safety committees. On the taxation front, he looks after global planning, domestic compliance and international customs duties planning. In 2006 Connolly was elected to the board of the Association for Financial Professionals.

tcm09 Malcolm Cooper
Group Tax and Treasury Director
National Grid
Malcolm Cooper is responsible for the tax, treasury, corporate finance, business planning and insurance activities for National Grid. He became group tax and treasury director in 2006. The group’s tax charge last year was about £600 million ($1.2 billion.) On the treasury side, this includes the management of its £20 billion debt portfolio and the group’s funding, together with interest rate risk management, project finance and foreign exchange requirements. On the corporate finance side, it comprises dividend policy, mergers, acquisitions and disposals. Cooper also has overall responsibility for the company’s strategy on the financial aspects of its pensions. Funding the acquisition of KeySpan Corporation was a recent major milestone.


tcm10 Christian Dahlberg
President and General Manager, New York
SEB Group
Christian Dahlberg manages the New York branch of SEB, which serves the northern European banking group’s core clients in the North American market. Clients include Nordic and German subsidiaries that conduct business in North America, as well as US corporations and financial institutions active in northern Europe. Prior to his New York post, which he began in 2004, Dahlberg was client executive for client relationship management in Stockholm for SEB Merchant Banking.

Francesco Vanni d’Archirafi
Global Head of Treasury and Trade Solutions
Citi
Francesco Vanni d’Archirafi, who has been a senior banker at Citi for more than 24 years, runs treasury and trade solutions, the largest division of Citi’s global transaction services business. Under his leadership, the cash management and trade services and finance businesses were merged to create treasury and trade solutions. In 2007 the business acquired Ecount, a leader in the prepaid cards industry. Subsequently, in 2008 it purchased PayQuik and launched QuikRemit, a white-labeled global remittance platform.

tcm11 Norman J. DeLuca
Head of Global Transaction Services, Americas
Royal Bank of Scotland
Norman DeLuca joined GTS from Citizens Financial Group (CFG) and has responsibility for delivering the full range of global and domestic transaction services capabilities—cash management, global trade finance, merchant services and commercial card products—to clients across all segments in the United States, Canada and Latin America. Previously, he was vice chairman at CFG, in charge of the payments and lending services enterprise, which covered cash management; trade services; commercial card products; merchant services; credit, debit and prepaid cards; home lending solutions and consumer lending.

Kenneth Dummitt
President, Banks & Corporations
SunGard
Kenneth Dummitt’s role at SunGard is to provide financial, risk and operations professionals with a comprehensive, collaborative approach to liquidity and risk management. Dummitt’s strategic vision of a comprehensive approach to enterprise liquidity and risk management is based on a holistic view of connectivity, both with trading partners and between disparate functions. He helps foster collaboration by centralizing and optimizing receivables, treasury and payments and then building a connectivity platform across the financial supply chain. Thus, companies increase the velocity of free cash flow, mitigate risk and drive efficiencies for higher returns.

tcm12 Karen Fawcett
Group Head, Transaction Banking
Standard Chartered Bank
Karen Fawcett is senior managing director and group head of transaction banking, which is a part of Standard Chartered Bank’s wholesale banking business. Fawcett, who is based in Singapore, oversees the end-to-end performance of cash management, trade services, securities services and electronic channels. Previously, Fawcett was global head of strategy for the wholesale bank, where she repositioned the strategy of the wholesale business and undertook key acquisitions, including that of Korea First Bank. Fawcett came to the bank in 2001 from Booz Allen Hamilton, where, as vice president and partner, she focused on the financial services sector in the Asia-Pacific region.

tcm13 Ken Frier
Vice President, Corporate Treasury, and Chief Investment Officer
Hewlett-Packard
Ken Frier is charged with corporate finance and financial risk management and with the investment of over $25 billion of retirement plan assets at HP. Since joining HP in 2000, he has raised more than $11 billion of funding in the debt market, managed $25 billion in share repurchase spending (including three large structured transactions) and supervised $100 billion a year of derivatives transactions. For a year before joining HP Frier was CFO of Firstsource.com, a business-to-business e-commerce company. He spent the prior nine years in the treasury group at Walt Disney, where he headed financial risk management and oversaw the investment of $3 billion in pension fund assets.

tcm14 Paul Galant
CEO, Global Transaction Services, Institutional Clients Group
Citi
Paul Galant is managing director and CEO of global transaction services, one of Citi’s publicly reported product lines. It offers treasury and trade solutions and securities and fund services capabilities worldwide, processing over $3 trillion in payments daily and handling more than 1 billion transactions annually. He was previously global head of Citi’s cash management business, one of the largest processors of cash flows in the world. Under his leadership the business grew significantly and improved its operating performance. It gained recognition for innovation and excellence from many publications, including Global Finance.

tcm15 Michael Gallagher
Executive Vice President
HSBC Bank USA
Michael Gallagher looks after HSBC’s payments and cash management and bank notes services in North America. He is also global head of the institutional payments business within global transaction banking. Gallagher, who has more than 20 years of transaction banking experience, joined HSBC in 1997 as a senior vice president, head of corporate and institutional sales. Prior to HSBC he held a variety of senior positions at CoreStates Financial Corp. in Philadelphia, Tokyo and New York.

tcm16 James G. Graham
Executive Vice President
PNC
James Graham, executive vice president and business executive of domestic and global treasury management, brings to this role his substantial experience at PNC and earlier. As business executive for national corporate and business banking and deputy head of corporate banking, he earned credit for having expanded PNC’s array of products and financial services. Before joining PNC in 1992, Graham was managing director at Bank of America global payments services.

Shalabh Gupta
Treasurer
Sara Lee
In September 2007 Shalabh Gupta was appointed treasurer at Sara Lee, to which he was promoted from his role as assistant treasurer, where he had been directly responsible for all US-based corporate treasury operations. He had initially joined Sara Lee in 2004 as director, capital markets and pensions, becoming assistant treasurer a year later. Before his tenure at Sara Lee, Gupta held a variety of treasury positions at Delphi Corporation and General Motors, where he worked in both treasury and business development functions.

David Gutschenritter
Executive Vice President and Treasurer
State Street Corporation
A seasoned executive with more than two decades of global finance, risk and treasury experience, David Gutschenritter first came to State Street in 2004 as managing director of global liability and capital management. In December 2006 he was promoted to head of global treasury and assistant treasurer, in June 2007 he was made executive vice president, and in January of this year he was named treasurer of State Street Corporation. Gutschenritter has responsibility for the oversight of State Street’s balance sheet, investment portfolio, liquidity and interest rate risk management activities worldwide. As an integral part of the finance team for the past four years, he has demonstrated acumen and prudence in managing the bank’s balance sheet.

E. Judd Holroyde
Senior Vice President and Head of Global Product Management and Delivery
Wells Fargo
Judd Holroyde is responsible for Wells Fargo’s global treasury management, consumer FX and trade product sets. He also leads the overall global strategy of the wholesale services division. His entire career at Wells Fargo, which began in 1997, has concentrated on looking at banking from the customer’s viewpoint. In 2000 he developed overall strategy and designed the end-to-end customer experience on the business Internet portal, in 2004 he established a panel of customers to provide experience feedback, and he has led product development to automate customers’ implementation of treasury management services.

tcm17 Jim Kaitz
President and CEO
Association for Financial Professionals
As president and CEO of AFP, Jim Kaitz manages the operations of an association that represents more than 15,000 treasury and financial professionals throughout the United States and in more than 40 countries. Kaitz has become the voice of the profession and a strong advocate on key issues such as the reform and oversight of the credit ratings agencies and banks’ practices of tying the access to credit to bank revenues. He has testified before congressional committees and other regulators and helped raise awareness on key issues affecting the practice of treasury and the capital markets.

tcm18 Eric D. Kamback
Executive Vice President
The Bank of New York Mellon
As deputy head of treasury services, Eric Kamback establishes and oversees the execution of treasury services and cash management business strategies in sales, product management and product development. His key initiatives have helped shape the company’s approach to global markets and business opportunities worldwide. At the same time, his strategic focus on growing the Bank of New York Mellon’s treasury services business has expanded the group’s portfolio of product and service offerings and significantly enlarged its client base in Europe, Asia, the Middle East and the Americas.

tcm19 Chris Leone
Group Vice President, Fusion and GRC Applications Development
Oracle
Chris Leone leads the strategic direction at Oracle for developing the Fusion applications suite, including the ERP and CRM functional domains that treasurers use worldwide. In this role Leone is responsible for driving the business requirements, functional investment priorities and broader business strategies, as well as for the strategy and development process of the emerging GRC applications suite. Prior to his role at Oracle, he developed enterprise software applications at PeopleSoft, where he headed product management activities of the company’s financial management and enterprise performance management product lines.

tcm20 Andrew Long
Group General Manager and Head of Global Transaction Banking
HSBC
Andrew Long was appointed group general manager in May of this year, having headed global transaction banking since January 2007. GTB products include payments and cash management, trade finance and supply chain services, securities services and wholesale banknotes. Long joined HSBC in 1978 in the imports department in Hong Kong and subsequently worked in a number of positions throughout Asia. He continued his career in New York and the United Kingdom, eventually becoming head of operations and processing for the Asia-Pacific region in 2001 and chief operating officer for HSBC in the region in 2004.

tcm21 Melissa Moore
Executive Vice President
JPMorgan
Chief Executive Officer
JPMorgan Chase Treasury Services
Melissa Moore is responsible for all aspects of client management, product innovation and service direction and delivery in JPMorgan’s treasury services business. Moore was selected to be CEO after holding the chief operating officer position within treasury services. Under her leadership the business earned recognition for delivering innovative treasury, cash management, liquidity, trade finance and information solutions. Before that, she was chief administrative officer for treasury and securities services, a $9 billion revenue operation. She was corporate controller at Bank One before its merger with JPMorgan Chase and, before that, spent 17 years at PricewaterhouseCoopers.

Christopher Del Moral-Niles
Treasurer
The First American Corporation
Christopher Del Moral-Niles coordinates all cash management, investment, financing and capital management activities across The First American Family of Companies. He also supports several initiatives related to the centralization of treasury functions, financial planning and budgeting for the company. He joined First American in August 2006 from Union Bank of California, where he most recently served as senior vice president and director of liability management. Niles has also served as president and director of UnionBanCal Commercial Funding, with prior stints as an investment banker with Lehman Brothers and Merrill Lynch.

tcm22 Russell Paquette
Treasurer
REI Recreational Equipment
Russell Paquette is treasurer of REI, a $1.3 billion national retail cooperative that provides quality outdoor gear and clothing. He is responsible for all aspects of REI’s corporate treasury, ranging from the investment portfolio, line of credit, enterprise-wide risk management and insurance, to banking structure, cash management operating platform, investment relationships and foreign exchange. In 2007 Paquette was honored as the recipient of the regional AFP’s “Best of the Northwest” award for professional distinction in that region.

tcm23 Danny Peltz
Executive Vice President, Wholesale Internet and Treasury Solutions
Wells Fargo
Danny Peltz is responsible for Wells Fargo’s global treasury management services for corporate and commercial customers, overseeing an 800-member team of product, sales, technology and marketing professionals. An 18-year veteran of Wells Fargo, Peltz has been at the forefront of the paper-to-electronic revolution. He developed and manages the Commercial Electronic Office portal, as well as Wells Fargo’s flagship Check 21 solution, Desktop Deposit service.

tcm24 Thierry Roehm
Executive Vice President, Wholesale Internet and Treasury Solutions
Société Générale
Thierry Roehm is global head of Société Générale’s worldwide corporate cash management business, which operates in more than 50 countries. Prior to his current role, Roehm drew on his extensive experience of banking activities in Europe to successfully manage the building of a centralized payments and account management platform for Société Générale wholesale customers in seven European countries.

Frederick A. Schnacknies
Assistant Treasurer, International
Constellation Energy Group
Frederick Schnacknies joined Constellation Energy in June 2007 as assistant treasurer, international. He currently supports cash management, money markets, credit facilities, corporate foreign exchange, pensions, the employee savings plan and nuclear decommissioning trusts. Prior to Constellation Energy, Schnacknies worked for Lucent Technologies for eight years, most recently as director, in-house bank. At Lucent he implemented an in-house bank and global treasury system, which brought the company three Alexander Hamilton Awards in 2004.

Gary Silha
Assistant Treasurer
Tenneco
Gary Silha is the assistant treasurer at Tenneco, a $6.2 billion auto parts supplier, where he is directly responsible for the company’s worldwide treasury operations. Prior to joining Tenneco in 2000, Silha served as director of worldwide treasury operations at American Can Company and manager of cash and banking at Ingersoll Milling Machine Company. He brings a total of 24 years of treasury operations experience and has held numerous board positions during his 21-year involvement with the Treasury Management Association of Chicago, including president and co-chair of the Windy City Summit.

Paul H. Simpson
Managing Director and Global Head, Global Transaction Services
Citi
Paul Simpson’s integrated global business within Citi’s GTS group runs the gamut, from wholesale card services and public sector business solutions to healthcare solutions. These businesses serve healthcare and public sector clients as well as corporations and financial institutions in more than 120 countries. Simpson joined Citi in 2007 from JPMorgan’s treasury and securities services division. Simpson has been a member of various industry-wide leadership organizations and editorial boards, such as the National Foreign Trade Council, SWIFT Trade Services Advisory Group, Trade and Forfaiting Review and Global Trade Review.

tcm25 Sally M. Smedal
Chief Financial Officer
G.L. Mezzetta
Sally Smedal is the CFO for G.L. Mezzetta, the leading producer of glass-packed peppers, olives and specialty foods in the US. Prior to her current role, she worked as the treasurer and controller for Basic American Foods. Before that, she worked for Chevron Corporation for 12 years, holding a variety of positions in internal audit, accounting and treasury. Smedal recently completed her tenure as the chairman of the board of the AFP and is now serving a two-year term as past-chairman.

tcm26 Marilyn Spearing
Head of Trade Finance and Cash Management for Corporates, Global Transaction Banking
Deutsche Bank
Marilyn Spearing has successfully united Deutsche Bank’s trade finance and cash management capabilities to provide integrated and efficient solutions for corporate clients worldwide. The bank has taken the lead in offering clarity around the Single Euro Payments Area (SEPA) proposition as well as the platform to facilitate it. It also leads the industry with its award-winning supply-chain financing solutions and newly enhanced traditional global trade activities. Under Spearing, the bank continues to invest in the developing areas of Eastern Europe, Brazil, Russia, India and China.

tcm27 Loren Starr
CFO
Invesco
Loren Starr is the CFO at asset manager Invesco, which houses the AIM, Invesco, Powershares and WL Ross Money Management units. He previously was CFO of Janus Capital Group and has held positions with Putnam Investments, Lehman Brothers and Morgan Stanley. In 2006 he was elected to a two-year term as chairman of the board of directors of the Association for Financial Professionals, where he has served as a member since 2002.

tcm28 Robert W. Stasik
Executive Vice President
The Bank of New York Mellon
Robert Stasik oversees The Bank of New York Mellon’s shareholder services and treasury services businesses, which has locations in 37 countries on six continents. Under Stasik’s direction, the group helps financial service companies, corporations and governments optimize cash flow and make payments more efficiently around the world. It has accordingly become a recognized leader in the delivery of white-label treasury service solutions.

tcm29 Werner Steinmueller
Head of Global Transaction Banking
Deutsche Bank
Werner Steinmueller has positioned Deutsche Bank’s global transaction banking for steady, performance-driven growth throughout Europe, Asia and the Americas. Under Steinmuller’s leadership the GTB business has been rewarded with an income before interest and taxes growth rate of 55% over the past three years. GTB’s strategic geographic expansion across developing markets in Asia, Europe and Latin America has deepened the bank’s offering and client reach. In addition, its acquisition of parts of ABN AMRO’s commercial banking activities in the Netherlands has extended the operation.

tcm30 Brian Stevenson
Chief Executive Officer, Global Transaction Services
Royal Bank of Scotland
Brian Stevenson leads global transaction services, which was established this year as a new division of RBS. It comprises cash and liquidity management, trade finance and merchant acquisition and commercial cards, and it serves clients across more than 50 countries. This new division had pro forma operating profit of £1.6 billion in 2007. Stevenson joined RBS in 2004 as managing director, head of corporate and institutional banking. From 1992 to 2004 he ran Deutsche Bank’s global banking business in London before becoming its chief operating officer. In his last position at Deutsche Bank, Stevenson was based in Hong Kong and looked after both the global banking business in Asia-Pacific and client relationships.

tcm31 Dennis Sweeney
Deputy Treasurer
General Electric
Dennis Sweeney is in charge of GE’s global treasury operations, managed from a base in Stamford, Connecticut, through regional treasury centers in Delhi, Tokyo, Dublin, Mexico City and São Paolo. He and his team provide FX and derivatives execution, middle-office support, cash management, acquisition integration and inter-company funding/accounting to GE’s businesses worldwide. Sweeney has long been an advocate of corporate access to the SWIFT network and has led GE to become SWIFT’s highest-volume corporate user. He continues to promote expanded use of the network through various FileAct applications, enquiries and investigations messages and support for e-bank administration. He also led the initiative by the International Bank Compensation Group to partner with TWIST to create a new international bank billing standard for electronically invoicing bank fees.

tcm32 Carrie W. Teffner
Chief Financial Officer
Sara Lee
Carrie Teffner is senior vice president and CFO at Sara Lee Household and Body Care. She was elected an officer of the corporation in 2005. Prior to her current position, Teffner served as senior vice president of Sara Lee Foodservice. Teffner, who joined Sara Lee in 1988, has held a variety of financial and management positions of increasing responsibility, which have included assistant treasurer of Sara Lee, CFO of Champion Jogbra, vice president of administrative transformation and vice president and general manager of Sara Lee Business Services.

tcm33 Susan J. Webb
Executive Vice President and Product
Executive, Treasury Services Global Core Cash Management
JPMorgan Chase

Prior to joining Treasury Services, Susan Webb was head of corporate development for retail financial services and the firm’s payment strategy group. During her 25-year career with JPMorgan Chase, Webb has led various businesses in treasury services, auto finance and regional banking. In addition to her duties with the firm, she also serves on the board of the New York Clearing House.

Anita Hawser