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27th Annual EXPO L.A. Speakers Bio's
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Holly Fujie, President of the
State Bar of California and a Shareholder in Buchalter Nemer,
Insurance Industry and Litigation Practice Groups in Los Angeles where she
focuses her practice on complex litigation, with an emphasis on insurance
and surety industry related litigation.
Ms. Fujie was sworn in as the 84th President of the State Bar of
California by Chief Justice Ronald George on September 27, 2008. Prior to
being elected President of the State Bar, Ms. Fujie served for two years
as a Governor of the State Bar representing Los Angeles County and one
year as Vice President of the State Bar. She also serves on the Board of
Governors of the Women Lawyers Association of Los Angeles, sits on the
Boards of Directors of Bet Tzedek, a legal services corporation, the
Federal Bar Association, The California Bar Foundation, the Boalt Hall
Alumni Association, and serves on the Advisory Board of the Asian Pacific
American Bar Association of Los Angeles.
Ms. Fujie is a frequent speaker on issues of insurance coverage and
diversity in the legal profession. She has been involved in organizations
devoted to diversity issues throughout her career. She was a member of the
Editorial Board of Title IX, a publication of the ABA Committee on
Diversity in the Profession, is a member of the Los Angeles County Bar
Association Committee on Diversity in the Profession, and spoke at the
2003 California Minority Attorneys Conference in San Diego, among many
public appearances.
Ms. Fujie served as Deputy General Counsel to the Los Angeles Police
Commission’s Rampart Independent Review Panel. She has served as a Judge
Pro Tem to the Los Angeles Superior Court and has spoken on a number of
panels on various law and judicial related topics. Since 1992, Ms. Fujie
has advised the White House and California’s U.S. Senators on federal
judicial appointments. She has served for a three year term as an Attorney
Representative to the Ninth Circuit Judicial Conference on the nomination
of the judges of the Central District of California.
Ms. Fujie received her A.B. degree from the University of California at
Berkeley in 1975 with a double major in Political Science (Highest Honors)
and Economics (Honors), and great distinction in general scholarship, and
her J.D. in 1978 from the University of California, Berkeley School of Law
(Boalt Hall), where she served as Articles Editor of the California Law
Review.
Jack Kyser,Founding
Economist, Kyser Center for Economic Research
 Jack
Kyser is the Founding Economist of the Kyser Center for Economic Research
of the Los Angeles Economic Development Corporation. Called the “guru of
the Los Angeles economy” by the Los Angeles Business Journal, Mr. Kyser is
responsible for interpreting and forecasting economic trends in the Los
Angeles region (Los Angeles, Orange, Riverside, San Bernardino, San Diego
and Ventura counties), and for analyzing the major industries of the
region. Utilizing this information, he helps develop job retention and
creation strategies for Los Angeles County. Mr. Kyser’s advice is
frequently sought by business, government and the media.
The Los Angeles County Economic Development Corporation (LAEDC) is a
private, not for profit membership organization whose mission is
leadership in the retention and creation of jobs and economic base in the
Los Angeles area. Mr. Kyser’s analytical research work and insightful
knowledge of the regional economy has helped to elevate the LAEDC to
recognition as the pre-eminent source of economic information and
forecasts on Southern California. In late 2007, the LAEDC named its
research function “the Kyser Center for Economic Research.”
Prior to joining the LAEDC, Mr. Kyser was chief economist for the Los
Angeles Area Chamber of Commerce. He has also worked for Security Pacific
National Bank, First Interstate Bank, and the Union Pacific Railroad in
Omaha, Nebraska, where he was transportation economist. He also taught
economics at the University of Nebraska – Omaha, and served as a business
reporter and commentator for radio station KVNO, also in Omaha.
A native of California, Mr. Kyser was born in Huntington Park. He
resides in Downey where he graduated from Downey (Union) High School. He
holds a Bachelor of Science Degree in Industrial Design and an MBA from
the University of Southern California. He has also pursued additional
course work at UCLA.
Mr. Kyser serves on the economics advisors panel for the California
Chamber of Commerce. He is also a past president of the Los Angeles
chapter of the National Association for Business Economics; a member of
Lambda Alpha – a land economics fraternity: and on the board of directors
for the Building Owners & Managers Association of Greater Los Angeles
Harold Nachtrieb
Harold B. Nachtrieb, CFA Chief Investment Officer City of Los Angeles Harold Nachtrieb, CFA, graduated in 1985 from Lewis & Clark College in Portland, Oregon with an economics degree and in 1993 from the University of Southern California with a master’s of business administration. He earned the Chartered Financial Analyst designation in 1998. Hal began his career in 1985 as a mortgage-backed securities option trader at Drexel Burnham Lambert in New York City. Subsequent to his tenure at Drexel, he has been employed with financial institutions including Franklin Resources and Commerce Bancshares as a portfolio manager of fixed income, equity, and cash equivalent assets. As Chief Investment Officer, Hal administers the investment program for the City. The investment program includes the management of the General Pool and Special Pool with a total approximate value of $7 billion.
Session 1 - 9:00a.m. - 10:00a.m. - Management of Public Funds: Taking it to the Next Level
The City of Los Angeles Office of the Treasurer serves as the banker, investor, and custodian of public funds for the City of Los Angeles. Since January 2001, the City's general investment portfolio has increased from approximately $3.2 billion to today's $5.5 billion! In its entirety, the investment program exceeds $6.5 billion. Harold B. Nachtrieb, Chief Investment Officer presents the investment process that includes identification of goals, evaluation of the economic and market environment, portfolio development, portfolio review, and performance measurement.
Sally Hart
Sally Hart Sally Hart is a vice president of SunGard Wealth Management, and is specifically focused on SunGard Transaction Network, a trade automation and connectivity solution, which links institutions throughout the financial services industry. STN facilitates the purchase and sale of many securities types including global equities, fixed income, mutual funds, and money market funds. As a vice president of product management, Sally leads the product development process which includes interpreting clients’ needs, developing and delivering solutions, thought leadership, partner relationships, and communicating STN’s core message to the industry. Since joining SunGard in 2006, Sally has helped design and deliver several products, including Transaction Cost Analysis, STN for SWIFT and Post Trade Services. Previously, Sally was a client service and technology manager at the Northern Trust managing top tier investment manager relationships. Sally also spent several years in consulting, global custody administration and banking technology. Sally has an M.B.A. in Finance and Marketing from Northwestern’s Kellogg Graduate School of Management in Evanston, Illinois, and a B.A. in History from Northwestern University.
Session 2 - 10:30a.m. - 11:30a.m. - Create Treasury Workflows that Can Save Organizational Resources
Mitigating risk, reducing operational errors and costs, and increasing staff efficiency can be extremely valuable to any organization’s bottom line in this volatile economy. Treasurers, assistant treasurers, cash managers and directors of treasury operations will learn how automation can help, even while their transaction volumes and challenges grow. In particular, attendees will learn how to evaluate and automate workflows that can help: • Reduce operational errors and costs • Mitigate currency and operational risks • Increase staff efficiencies • Comply with investment policies • Diversify holdings • Handle increases in transaction volumes Financial institutions and corporations are always looking for more efficient and cost-effective ways to diversify assets, yet even more so in the current economic climate. Rather than being considered a necessary cost center from an operations standpoint, treasury and cash functions can help contribute even more to the quality and efficiency of an organization through automation. From pre-trade execution through research and settlement, examples will be presented of real-life workflow-automation implementations at several organizations — and how they helped save time and other resources.
Brian Wilterink
Education: California State University, Fullerton – Bachelor of Arts CPA Designation: 1985 Experience: Brian has over 25 years of public accounting experience. Brian has been a Partner at White, Nelson & Co. LLP since 1992. Brian is currently the Director of our Audit and Assurance group as well as a member of the White, Nelson & Co., LLP executive committee. Brian's responsibilities primarily include the oversight of attestation services for large, middle market companies located in Orange County and the Greater Los Angeles area. Brian specializes in the areas of manufacturing and distribution, employee benefit plans, real estate, construction, non-profit and service finance. Professional Affiliations: Brian is a member of the American Institute of Certified Public Accountants (AICPA) and the California Society of Certified Public Accountants (CSCPA)
Session 2 - 10:30a.m. - 11:30a.m. - Fair Value Accounting and FASB 157
- History of applying Fair Value concepts to financial reporting.
- Arguments for and against Fair Value Accounting
- When is Fair Value used in historical financial statements
- What effect did FASB 157 have on Fair Value Accounting
- Foundational definition of "Fair Value" for most U.S. GAAP Measures.
- Financial Statement Disclosures of Fair Value Measurements under a three level hierarchy.
- What was the commotion over Fair Value (Mark-to-Market) when the banks began to fail in 2008?
- Current discussions by the SEC and Financial Accounting Standards Board regarding Fair Value Measurements
- How does International Financial Standards relate to Statement 157 and Fair Value Reporting
Sara Flour
Sara Flour is Director of Institutional Sales for DB Advisors, the institutional asset management business of Deutsche Bank. Ms. Flour has been with Deutsche Bank for 15 years with broad ranging experience in global cash management and investment management services provided to corporations and financial institutions worldwide. Prior to joining Deutsche Bank, Ms. Flour spent five years as a management consultant in the financial institutions consulting practice at KPMG Peat Marwick. Ms. Flour has a Bachelor of Arts from the University of Pennsylvania, and is a Certified Treasury Professional.
Session 2 - 10:30a.m. - 11:30a.m. - Evaluating risks in money market fund investments
Investors have traditionally used money market funds as a core component of their investment policy to achieve the objective of preservation of principal and access to liquidity. However, the credit crisis of 2008 challenged all assumptions regarding how investors can determine the safety of their cash investment vehicles This session will review important components of comprehensive risk analysis for money market funds. Treasury professionals, senior management, and auditors need to approve and monitor the funds they utilize. Accordingly, we will highlight the process for conducting a thorough analysis and discuss the risk indicators that may be uncovered as a result.
Ravi Pande
Ravi Pande is a Managing Director with Treasury Sciences, a company providing Software as a Service Treasury Products. Ravi assists organizations with their adoption of Treasury Sciences products. During his 20 year career Ravi has worked on several major bank integration projects and has extensive experience with payment systems.
Rich Powell - the Senior Banking Manager at the University of California, provides treasury advisory services and oversees daily liquidity management for this $18 Billion organization comprising 10 campuses, 5 medical centers, and 3 national labs. Rich has 20 years treasury management experience with a degree in engineering and an MBA.
Session 2 - 10:30a.m. - 11:30a.m. - Case Study: Adoption of a Software as a Service (SaaS) Enterprise Treasury Management Solution at the University of California
The University of California transitioned from an Excel single user treasury management system to an Enterprise Software as a Service (SaaS) Treasury Management solution with over 200 users for cash management, secure payments, reporting, and forecasting. This session highlights operational improvements to minimize un-invested cash and maximize investments with specific attention to cash positioning, bank communications, multi bank reporting, electronic payments, security and controls, straight through processing to enterprise systems and long term forecasting.
Treasury Operations at UC involve 10 campuses, 5 medical centers, campus foundations, campus alumni organizations and affiliations with three national labs. The University of California has an 18 billion dollar annual budget and the treasury operations manages daily cash flows in the range of 100 million to 500 million dollars. The UC Treasury operations include collaboration with an in-house investment department that manages an $8 billion short term investment pool which funds daily operations.
Bob Leahy
BOB LEAHY has retired and joined the ranks of those who sleep late and complain that the youth of today are leading the country into ruin. In short, he's a typical old fart. Bob usually drives an open sports car.
He is the leading contributor to the AFP's e-mail-based Discussion Lists.
Until April 2006 he was the Editor and Publisher of The Leahy Newsletter, a monthly publication that informed treasury managers of what was happening in the treasury management field. Newsletter was read by paid subscribers in 48 states and Canada.
Bob joined Newsletter in 1983 as Associate Editor and became Editor of Newsletter in 1989 when John Leahy (the founder of Newsletter) retired.
He previously held financial and production positions for seven years at ITT Cannon Electric and Ford Aerospace and Communications Corporation.
At Ford Bob also was the Senior Planner for the AIM-9L Sidewinder missile program. Bob's subordinates were responsible for purchasing the materials necessary to build the AIM-9L Sidewinders purchased by various governments. Bob then would schedule production and report to management on the various problems that (always) cropped up, and explain how they were being solved.
Bob graduated from UCLA in 1973 with a Bachelors Degree in History. He received his MBA from UCLA's Graduate School of Management in 1975. Bob passed the CCM (Certified Cash Manager) examination in 1987 and earned the permanent CCM credential in 1991. In 2003 he exchanged his CCM credential for the CTP (Certified Treasury Professional) credential.
Bob was a combat Infantry point man, an Infantry squad leader and an artilleryman in Vietnam for 13 months and 15 days (not that he was keeping track). In April 2000 Bob was interviewed about his Vietnam combat experience on CNN's Newstand television show.
Some of Bob's Vietnam war letters were included on the April 2000 CNN Newstand show, the December 1999 issue of the New Yorker magazine and the book War Letters. War Letters was on the New York Times best-seller list. The book also was made into a play and a PBS television show.
Session 3 - 1:45p.m. - 2:45p.m. - Your Retirement Is Closer Than You Think
The decisions you are making (or aren't making) right now will determine whether you're going to enjoy your retirement - or endure your retirement.
Some day you're going to wake up and say, "My God - I'm old! Where did my life go?" It's going to happen. The only alternative is for you to die first. If you make it to retirement age, you will want to have enough money to retire. Your wealth - the money you've saved over the decades - will make that retirement possible. Your lack of wealth will make that retirement impossible.
The big question now is, are you saving enough money?
Don't depend on Social Security paying for your retirement. After getting Social Security payouts for 39 months, you've received all the money that you contributed over the decades. From then on, you are getting younger peoples' money - for the remaining ten to twenty years of your life. The problem is that you didn't have enough children to keep this scam going.
Money isn't your only worry. The average man who retires at 65 will live another 13 years. The average woman will live almost another 20 years. What are you going to do with the rest of your life after you retire?
Your retirement is closer than you think, and more important than you imagine. What are you doing about it?
Attend this session to learn what you should be doing - and probably aren't - so you will enjoy - rather than endure - your retirement.
Katherine Poxon
Katie Poxon has worked in the cash management field for the past 16 years, focusing primarily on financial and retail institutions and the cash management issues they typically encounter. Some of these issues include, more specifically, developing solutions to help improve corporate earnings credits, implementation of multi-tasking integration systems, and improving overall production efficiencies at all levels within varied organizations.
Most recently, Katie has integrated a financial solution for a bank on the west coast with a program that enables the bank's retail customers nationwide to receive access to their working capital while the funds remain in the retail store. Katie's expertise in the market has been sought out by several AFP/TMA groups who have asked her to speak to them on such topics as progressive treasury, retail, and financial trends in the world today. For the past ten years Katie, at the request of the Los Angeles Police Department, has served as a Board Member to assist LAPD Reservists and Local Law Enforcement with Treasury Management and recommendations for revenue distributions.
Session 3 - 1:45p.m. - 2:45p.m. - Emerging Smart Technologies Create Bold Opportunities in Today's Market
See how financial institutions can automate cash and credit card activity to create on-line, real time transaction capability for overseas accounts. For example, through the use of custom designed kiosks, Philippine National Bank customers can automatically perform cash and credit card transactions on-line, in real time overseas, without any need for teller assistance. Proprietary systems from the Philippine National Bank, when combined with Smart technology from Garda, helped to create a worldwide kiosk for virtual cash and credit card activity that will significantly lower operating costs. Also, learn how the industry is listening and responding to retail customers' demands for credit while the cash is still in the store.
Amy Johnson
Amy Johnson is a Vice President with Wells Fargo, and is the Channel Manager for the CEO Mobile service for commercial customers. Amy has more than 20 years of financial services technology experience, and has worked in mobile application product management for the last 2 years at Wells Fargo. She is the named inventor of the patent-pending design for a mobile interface, and as Channel Manager for CEO Mobile, she plans the roadmap for Wells Fargo's corporate customer mobility. Amy speaks often at various customer and industry conferences, and spoke about treasury management mobile developments at the NACHA payments conference in 2008, co-presenting with an analyst from Celent. Amy holds an MBA from New York University, and she resides in Berkeley, California.
Session 3 - 1:45p.m. - 2:45p.m. - Cash Management and Mobility: A Bank in the Palm
Often the term 'mobile banking' refers to how consumers interact with their bank with their cell phones, but what about corporate treasury practitioners? What cash management functions are available now, and what's coming in the future? Will it work on all cell phones? How secure is it? Attendees will learn the basics of mobility, hear what some analysts are predicting for mobile cash management, and then understand what's available now and what to expect.
Richard Richardson
Richard D. Richardson is Senior Vice President of Phoenix-Hecht, an industry leader in corporate treasury management information services including market research and education. Phoenix-Hecht, located in Research Triangle Park, NC, is best known for it’s database products such as the Postal survey, Clearing Study and Collection and Disbursement models. Phoenix-Hecht is also a leader in Market Research in Cash and Treasury Management and publisher of information for the Treasury Management Profession. Prior to joining Phoenix-Hecht, Mr. Richardson was Assistant Treasurer at Hardee’s Food Systems, Inc. and has extensive experience in the area of credit, accounts receivable, bank financing and other treasury management related functions. He is a member of the North Carolina Treasury Management Association where he has served as president and continues to serve on its Executive Committee and Board of Directors. He is also a charter member of the Association for Financial Professionals (previously the Treasury Management Association) where he has served on its Board of Directors and served as Membership Chairman and Government Relations Committee Chairman. Mr. Richardson has also served as a member of the Federal Reserve Industry Advisory Group on Future EFT Payment Services and Advisory Group on Same Day Payments. Mr. Richardson is a native of North Carolina and attended East Carolina University where he majored in Business Administration. He is on the faculty of the Berkeley Cash Management Program at the Haas School of Business at the University of California at Berkeley and UNC Treasury Management Program at the Kenan-Flagler School of Business at the University of North Carolina at Chapel Hill. He has been a speaker at numerous cash and treasury management seminars and conferences and often speaks on a variety of topics at meetings within the financial industry throughout North America. Additionally, he is often quoted on industry topics and has authored several articles on subjects related to cash and treasury management that have been published in numerous magazines and journals.
Session 3 - 1:45p.m. - 2:45p.m. - "Bank Pricing 2009: Dealing with Uncertainty in a Status Quo Market"
This session will deal with the many new developments which have taken place within the banking industry during the past few years and the dynamic effects these changes had had on prices which corporations pay for cash and treasury management services. This includes trends, perceptions and the reality observed by corporations and the need for corporations to be aware of the changes taking place, which requires ongoing vigilance. Corporations are being faced with escalating prices in certain areas, fewer choices, less leverage, less control and more sensitivity within their banking relationship. With an uncertain future, now is the time to focus on bank pricing, your banking relationships and the search for quality providers.
The session will focus on discussion topics that include:
- The effects bank mergers have had on bank pricing, credit and quality of products, services and providers
- Results of the latest bank pricing survey and market research studies
- Pricing trends over the last few years and what the future may hold
- Examples and trends of bank pricing practices, and
- Comparison of price increases and how bank interact with customers and prospects.
Participants will come away with an understanding of bank pricing trends, industry trends and perceptions and the reality of what the future may holds in today’s corporate-bank relationship. More importantly, participants will come away with actions steps they can take to insure that their organization has found the right balance in these uncertain times
Christy Pitts
Christy Pitts is an Assistant Vice President and Product Manager in the Global Client Access Group of BNY Mellon's Treasury Services department. Her responsibilities include product development, innovative customer solutions, profitability and growth for the iTelecash product. She has been in Treasury Services since 1997.
Mrs. Pitts has been with BNY Mellon since 1990 and has held various positions in Treasury Services and the Retail Bank.
Christy holds a Bachelor's degree in Business from the University of Pittsburgh and is a Certified Treasury Professional and an ACH Accredited Professional.
Session 4 - 3:15p.m. - 4:15p.m. - Leashing the Payments Process with an On-Line Payment
A leading provider of veterinary pharmaceutical products, Bayer Animal Health (BAH) wanted to increase the efficiency of its receivables process, while continuing to foster important client relationships. By teaming with The Bank of New York Mellon, BAH introduced a new single-sign on, online payment solution that satisfies both the company’s and its payers’ perspectives. BAH’s new Website, which mirrors the look and feel of their organization’s existing URL, enables veterinary offices to pay their bills electronically, while eliminating the time-consuming process of issuing paper checks. Likewise, BAH can track the status of each client account quickly and reliably to deter shipments of product to slow- and/or no-pays and avoid the bottlenecks associated with processing exception items. Attend this session to learn how BAH and BNY Mellon developed and rolled out this innovative payment alternative and how introducing an online payment application has impacted BAH’s financial processes. In addition, attendees will learn how Bayer went from a paper intensive collection process to an automated solution by offering their customers an alternative payment option that streamlined their internal receivable process while meeting the demands of their customers.
Thomas Layman
Thomas A. Layman has over 30 years of international and domestic experience in the financial services and electronic payments industry. Tom is currently the President and CEO of Global Vision Group, a professional strategy, analysis and consulting firm, with headquarters in Northern California. Prior to founding GVGroup, Tom was Senior Vice President with Visa U.S.A., holding a number of executive positions during his 11-year career there. Tom managed the Visa Profitability Consulting practice, as well as all of the business research functions, which included performing cost reduction and benchmarking studies, and served as Chief Economist. As global relationship manager, Tom helped US-based issuers launch programs overseas. Tom also headed up all of Visa's efforts to mitigate the impact of personal bankruptcies on creditors, and co-chaired a creditor coalition that helped write, introduce, and lobby bankruptcy legislation. Prior to Visa, most of Tom’s experience was directed toward assessing the business environment risk of emerging markets. Tom holds a B.A. from Vanderbilt University and a Ph.D. in international trade and finance from the University of North Carolina at Chapel Hill. Tom has over 20 published articles on credit card and economic policy issues. Global Vision’s data breach practice consultants have significant experience to provide both a current and historical perspective on the impacts of cardholder and personal data breaches.
Session 4 - 3:15p.m. - 4:15p.m. - "IT" Data Breaches - Mitigation and Responses for Financial Services Companies
The purpose of this presentation is to help financial services companies who deal with customer personal and sensitive account related data prepare for and potentially deal with the impacts of a breach in their data security systems. In our card and electronic payments consulting practice, GVGroup has encountered numerous instances in which financial institutions have conducted significant due diligence to adopt and be certified as having adhered to PCI (Protection of Cardholder/Consumer Information) compliance standards, but somehow still have experienced data breech incidents. Our process and services offer banks a 10 step process to prepare for and help mitigate the impacts when such events occur. Our approach extends beyond the typical IT systems area forensics that are normally undertaken after an incident has occurred. Being prepared with a specific set of processes and procedures prior to a breach is key to mitigating the business impacts. The greatest loss any company or financial institutions may suffer after a major data breach is the impact it can have on the company’s reputation and the resulting loss of customers that may occur. The presentation will address how to evaluate an institutions organizational state of readiness for such events, including:
- Pre Breach Self Assessment Questionnaires
- Quantifying potential risks
- A development plan regarding who, what and how to communicate the incident and response, how the communication should best be structured and delivered to meet:
- Regulatory requirements
- Network and payment systems regulations
- Retention of customers, clients, future business
- Brand image and reputation after a breach has occurred.
- Development and publication of assurance practices for delivery to auditors, regulators that prudent practices and processes were in force prior to the breach incident.
- Media response planning
- Data breach insurance
- Litigation expertise and assistance
- Post data breach Impact assessment auditing (company risk from clients, consumers, future business, negative brand inpact and profitability.)
Christopher Van Alstyne & Celeste Caulfield
Christopher is a Vice President at Northern Trust, NA. He is part of the Balance Sheet & Operating Assets Group in the Northern Trust Global Investments business unit. Chris is responsible for West Coast Relationship Management and Sales.
Chris brings to Northern 19 years of experience working with Standish/Mellon, Scudder and Gabelli Asset Management where he primarily focused on investment strategies for the balance sheet and operating assets of institutional investors. He has also worked extensively with investment advisors, banks and third party distributors.
Prior to joining Northern Trust, Chris Worked as an consultant/advisor for Shay Financial Services, providing investment solutions to corporations, regional advisors, consultants and bank trust departments.
Other Presenters: Celeste Caulfield
Corporate Cash Manager
KB Home
Session 4 - 3:15p.m. - 4:15p.m. - Is it safe to get back in the water?
A review of markets, securities and investment strategies for balance sheet and operating asset pools.
Many corporate treasury departments have suffered through the wrath of the recent credit crisis and economic slowdown, yet still need to invest their balance sheet reserves. Institutional investors with cash are looking for an opportunity to garner better yielding securities while preserving principal/liquidity for their domestic and offshore portfolios.
The session will walk participants through the fixed income markets and review sectors, structures and securities that may provide alpha. We will touch on diversification for balance sheet investors and discuss investment policy statements and best practices to reflect the new world order.
The session will provide novice to intermediate level participants, investment insight to some common securities and sectors for prudently managing balance sheet funds.
Objectives
Provide corporate treasury professionals a review of some common investment vehicles and their structures such as mutual funds including money markets, enhanced cash and short duration strategies as well as the functions of custody and safekeeping.
Review the various government programs and their effectiveness. Highlight securities and sectors ie municipals, corporates and governments, ABS, CP, bonds, notes and floaters, 144a and registered issues.
James Rothschild & Alton Lo
James Rothschild is a Managing Director in J.P. Morgan's Capital Structure Advisory & Solutions ("CSAS") group, which is housed within the firm's investment banking division. He has been with J.P. Morgan since 1996 and recently relocated to the West Coast. In his current role, James's responsibilities include advising corporate clients on issues such as optimal capital structure and liquidity. Additionally, he is active in designing and executing various structured products. Prior to joining the CSAS team, James worked in mergers and acquisitions (1996-1998) and equity derivatives (1998-2005). James holds a BA in Physics from Cornell University.
Session 4 - 3:15p.m. - 4:15p.m. - Impact of the Credit Crunch on Capital Markets and Liquidity
This presentation will focus on how the financial crisis has impacted various capital markets. Several measures will be discussed, including volatility, liquidity, market access, and the pricing of risk. In addition to broad observations, the session will cover practical considerations for balance sheet management during difficult times. Finally, the discussion will include perspectives about the potential horizon for recovery and steps companies can take to be prepared.
Victor Rivera
Victor Rivera has over 20 years providing software and technology solutions in the financial markets. He has worked with both financial institutions and corporate clients during this time and has been a frequent industry speaker in the financial markets.
Session 5 - 9:00a.m. - 10:00a.m. - Benefits of Automation in your Treasury Department
Explore the benefits of bringing treasury automation into your organization. Reducing manual processes also reduces manual processes and errors. Automation will increase employee productivity, allow better management of cash positioning and increased accuracy with forecasting.
Greg Litster
Greg Litster is president and founder of SAFEChecks, and is editor of Frank Abagnale's fraud Bulletin, Check Fraud, Identity Theft, Holder in Due Course and Check 21.
Mr. Litster is a former 18-year banker, and has written articles published in AFP Exchange, American Payroll Association, and Sheshunoff's Corporate Cash Management Manual. He has served as an expert witness on several national and international check fraud cases, and has spoken nationally on fraud prevention for several organizations, including Texpo, Windy City Summit, and New York Cash Exchange.
Mr. Litster earned a Bachelor of Science in Economics and a Master of Business Administration from Brigham Young University.
Session 5 - 9:00a.m. - 10:00a.m. - Cyber Crime and Check Fraud: Liability in a Paperless World
Who is responsible for losses resulting from the breach of a customer's computer system? Who is responsible for check fraud losses? Participants will receive in-depth information on cyber crime and check fraud, and how their organization may be liable for the losses. They will learn strategic defenses to help prevent these crimes. Check fraud is by far the most dominant form of payment fraud, and produces the greatest losses. Participants will learn of new technologies beyond Positive Pay to prevent losses, and specifically to prevent added payees. Even insurance companies are now adding exclusions to their policies to limit their liability. Participants will understand that prevention is the best course of action.
Matthew McNabb
Matthew McNabb has over 15 years of leadership experience as an accomplished organizational development strategist. His current role is Senior Manager of Training & Development at Allergan, Inc. a pharmaceutical company based in California. Here he supports all the learning activities for the employees in Research and Development worldwide. Before joining Allergan, he was an internal consultant with the University of Southern California (USC) Matthew also worked for the Walt Disney Company where he provided training and development to managers and outsid e companies through the Disney University. The primary focus of his efforts in all of these organizations has been on leadership development, organizational design, and team building.
Matthew is a doctoral candidate in Human Performance in the Workplace at USC. His dissertation focuses on the application of learning. He holds an M.S. in Educational Psychology from USC and a B.A. in Communication, from California State University Fullerton.
Session 5 - 9:00a.m. - 10:00a.m. - Transformational Leadership: Leading Teams and Workgroups According to Vision & Values
Are your employees committed to the organization, their work and you or are they simply compliant? Leadership today requires that you "engage" your employees by instilling passion and direction. This course will explore two fundamental concepts central to the transformational leadership theory. Most importantly it will give you practical tools and advice that you can apply when you return to work. Concepts discussed include personal and organizational values, building a vision and aligning people and process to deliver that vision. The course is designed for those who lead people or want to lead others.
Norm Bour
Norm Bour is the speaker, and he has been an innovator in the real estate and financial planning fields for almost 30 years. Formerly Series 7 licensed as well as a CFP candidate, plus a nationally recognized radio talk show host, he has shared his knowledge on the radio throughout Southern California since 2002 and has been a driving force behind a concept that all business owners should follow: rapid elimination of debt. Norm is the developer of a mortgage and debt acceleration program which has benefited thousands of customers since 2002. He has worked with SCORE and the SBA to offer these unique concepts to help business owners survive through this economic turmoil.
Norm is licensed by the California Department of Real Estate (DRE) to teach a Consumer Protection Continuing Education class for real estate professionals called, “Understanding and Teaching Mortgage and Debt Acceleration Strategies” which is one of the first of its kind ever created. That class has also been adapted and customized for non-real estate related salespersons and a version for banks and their clients is intended to create a smarter loan officer and a smart loan borrower. The consensus is that a smarter borrower becomes a loan less likely to fail.
Session 5 - 9:00a.m. - 10:00a.m. - Improving Cash Flow Leads to Debt Reduction
Most Americans have become victims of poor money management and credit burdens, and business owners are not exempt. It is time to identify your (and your client’s) debts, re-educate yourself and learn how to use money efficiency to systematically eliminate all debts quickly. Mortgage debt, expensive lease payments, acquisition expenses, inventory costs, equipment debt, and revolving debts must all be looked at individually and methodically and then targeted for elimination. This presentation is designed to take us back to basics, to common sense money management, but using unconventional methodologies.
Erin McCune
Erin McCune has over twelve years of experience leading increasingly complex business-to-business (B2B) payment initiatives for corporate clients and advising financial institutions on the development of their cash management capabilities. She is a partner at Glenbrook Partners, a strategy firm focused on payment strategy. She is also editor of Payments Views a blog devoted to commentary and op/ed on the payments industry.
Previously she was the founder of Forte Financial.
Session 6 - 10:30a.m. - 11:30a.m. - B2B Payment Myths & Realities
There has been a slow, steady migration from paper to electronic B2B payments. Surveys show that companies want to make and receive more electronic payments. So why are three-quarters of business payments still by check?
What are banks, technology firms, and payment networks doing to support the transition to eB2B payments?
John Seddon
John Seddon was a senior manager in the Information Technology practice at KPMG Consulting from 1990 to 1996, where he managed IT audits for financial institutions, financial services companies, retail, and manufacturing companies.
From 2002 to 2004 John was senior vice president at Washington Mutual, where he managed the IT Project Management Office and the IT Compliance Department, and from 2004 to 2006 he was a managing director at KPMG LLP, responsible for IT risk assessments, IT and regulatory compliance audits, and penetration tests.
John and his wife, Jane Deknatel, founded Deknatel Seddon & Associates Inc. in 1996. John specializes in IT, privacy, and bank and payment operations risk management.
Session 6 - 10:30a.m. - 11:30a.m. - A 2x4 approach to payment product risk assessment
How to do a payment products risk assessment so you can 1) show the examiners 2) impress the risk oversight committee with those multi-colored heat diagrams or 3) make risk-informed decisions about your payment product operations.
Acronym soup: An overview of regulatory and other guidances - FFIEC, NACHA, NIST, etc.
2x4: The two approaches, four steps . and three essential components.
Great expectations: Caveats, limitations, and other bumps in the road.
Getting down to the numbers: How to assess inherent risk - probabilities and impact costs of different types of incidents - using national, regional, industry and institution/company data.
Practice what you document: How to use guidances and "best practice" lists to assess control effectiveness.
Where have all the risks gone? How to assess residual risk.
Decisions, decisions: Balancing residual risk, control implementation cost, and market opportunity.
Randy Gehres, CTP
Randy is responsible for managing FISCAL’s customer development across the US. Based out of Irvine, he has over 15 years of experience in the financial industry primarily developing business and putting together solutions for companies such as RBC Capital Markets (subsidiary of Royal Bank of Canada) and Thomas Cook. He has been involved in implementing web-based applications for foreign exchange and international payments. Randy earned a Business Degree from California State University, Chico and a CTP accreditation from the Association for Financial Professionals. He is also a third generation Southern Californian.
Session 6 - 10:30a.m. - 11:30a.m. - Accidental Duplicate Payments The Astonishing Weakness That's Losing Millions for Medium to Large Organizations of all Kinds of Doing Business Globally
Accidental duplicate and/ or overpayments to vendors are much more common than most finance executives realize. The reasons for this are unclear, but may spring from the fact that the main causes of the problem appear so trivial. In fact, duplicate payments have been silently costing both public and private sector businesses a vast amount of money. The average medium to large organization accidentally pays around 1 in 1,000 vendor invoices twice. At that rate, over a five year period, a business with annual costs could have wasted $750,000. This session discusses the surprising statistics of duplicate payments, why they occur and why they are on the rise. This session will also discuss growing trends and SOX compliance which requires signing officers to certify that internal controls are in place. Finally, this session will discuss solutions to proactively put in place controls to avoid duplicate and/ or overpayments.
Steven Gehring
BIO
Session 7 - 1:30p.m. - 2:30p.m. - eBAM - electronic Bank Account Management
eBAM - electronic Bank Account Management: Managing bank accounts, including opening, closing and changing authorized signatory lists, can be a tedious, time-consuming and highly manual process. This session will explore SWIFT's efforts to provide for standards and a complementary messaging framework for the electronic management of bank account administrative activities.
Wolfgang Koester
Wolfgang Koester, CEO, FiREapps. Named one of the 100 Most Influential People in Finance by Treasury and Risk in 2007 and a member of Global Exchanges's 2007 "Who's Who in Foreign Exchange" list, Mr Koester regularly contributes to industry publications including Treasury and Risk, AFP Exchange and GT News. He is a member of the editorial board of the AFp Risk newsletter. Mr Koester's firm FiREapps is the leading foreign exchange exposure technology firm. Koester has been managing risk for Fortune 100 companies as well as governments, including G-10s, since 1986. Prior to forming Rim-Tec, Koester served as President with GFTA Trendanalysen Inc., a quantitative currency manager. Koester holds a Bachelor of Science from Arizona State University and a Master's Degree in International Management from The Garvin School of International Management.
Session 7 - 1:30p.m. - 2:30p.m. - Managing FX Risk as a Business Cost: Three Keys to Success
Over the past 6 months, big currency swings have added extra pain to quarterly earnings for most multinational U.S. companies. Learn how treasury departments who are addressing foreign exchange risk as a cost of business have been able to take control of those costs. Discover how complete FX data, timely analysis and transparent processes are the key to battling FX costs in today's volatile economic environment.
Moises Vidal & David Martin
David Martin is a Vice President and Team Leader for a group of Junior Business Development Officers at Bank of America. His team is responsible for qualifying and coordinating simple to medium International treasury management solutions for our existing and new clients at Bank of America.
David relocated to San Francisco 6 years ago and helped set up our International Client Servicing group designed to service our US based clients with International product and services. He joined Bank of America in 1999 at the European headquarters in Bromley UK, where he assumed a Premier Client Servicing role as a Global Service Director for the EMEA regions. In addition, David was responsible for the coordination of the Continuous Link Settlement (CLS) project for EMEA client servicing units.
Prior to his career at Bank of America, David worked at BNP Paribas, London for a 2 year internal banking program. He started his financial career at Fidelity Investments servicing stock portfolios for German customers.
David was born in France where he obtained his Baccalaureat Diploma in Accounting. He studied French/German translation in Germany and later obtained his ACT Cash Management Certificate in London UK.
Session 7 - 1:30p.m. - 2:30p.m. - Overcoming the Difficulties of Doing Business Globally
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Brian Perry
Brian joined Chandler Asset Management in 2005 and currently serves as the firm's investment strategist. In that role, Brian analyzes economic developments, conducts research on financial topics, and helps formulate investment strategy. Brian was also instrumental in creating a new quantitative corporate credit analysis program and in developing the firm's capital market forecasts and asset allocation models.
Brian authors the monthly Chandler Bond Market Review, has contributed numerous articles to investment industry publications, and is a frequent speaker at industry association events. Brian is also a guest on the NBC News segment "The Bottom LIne" and is the author of an upcoming book on investing, due to be released in October 2009.
Prior to joining Chandler, Brian worked as a fixed income trader for an investment bank, where he was responsible for trading government, corporate, and emerging market securities. In addition to developing trading strategies for over 700 securities salespeople, Brian managed a proprietary trading book consisting of relative value and market directional positions.
Brian has a BS Degree in Finance from Villanova University, an MBA in International Business from National University, and is pursuing an MA degree in International Affairs from Tufts University.
Session 7 - 1:30p.m. - 2:30p.m. - Lessons Learned: How the Financial Crisis can Prepare Investors for the Years to Come
The events of the past 18 months have presented investors with the greatest challenges they have ever faced. Financial market dislocation, massive wealth destruction, unprecedented government interventions, and the worst recession of the post-WW 2 era have resulted in nothing less than a revolutionary change in the financial markets. Investors able to adapt to the changing paradigm will be better prepared for success in the years to come.
This presentation will begin by briefly discussing the credit crisis, its causes, and its major events. Following that introduction, the presentation will move on to examine the current status of the financial markets and the global economic and political environment. Finally, the presentation will analyze possible outcomes of the crisis, the lessons investors can learn from recent events, and the manner in which these lessons can be used in order to prosper in a changing world.
Annika Hylmo, Ph.D.
Annika Hylmö, Ph.D., is founder of Insight Generation, a consultancy that partners with companies to strategically plan for and implement solutions needed to navigate challenges related to generational changes in the workforce. Her extensive research on diversity and demographic shifts in the workforce has lead to extensive hands-on experience, especially with the youngest generations, and the organizations that employ them. She has wide experience as a consultant working with a range of industries, including the financial sector.
Session 8 - 3:00p.m. - 4:15p.m. - Communication Skills for Financial Professionals in a Multi-Generational Workplace: Strategies for Leading the Future
The Financial Landscape is being re-shaped almost daily and the gap between the generations of Financial Professionals is widening at an alarming rate. We all have the same ultimate destination in mind, but don’t seem to be using the same road map to get there. But is there one road leading to this common end, or can different perspectives from all generations of Financial Professionals work together to blaze newer, better trails?
Annika Hylmö’s unique approach to the question of generational shifts addresses hard-line demographic numbers and the unique challenges and opportunities that generational differences bring to the financial industry. Financial Professionals with a myriad of responsibilities will be able to successfully take away and apply concepts directly to their organizations with immediate results by developing an understanding of what they, as leaders, can do to create a competitive advantage in communicating with the multigenerational workforce. Participants will leave with an ability to distinguish between the generations, understand the value that each generation brings to businesses, and how to leverage communication across the generations to build a motivated and sustainable workforce for the future.
Annika Hylmö discusses specific challenges and opportunities that Financial Professionals face regarding generational demographic shifts in workplaces where as many as five generations are working side by side. Key issues covered include:
- Generational definitions and markers that shaped each generation of Financial Professional
- The upcoming hourglass of labor supply shortages and the implications for the financial sector
- Recruitment and retention across the generations
- Strategies for succession planning and knowledge transfer.
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