Treasury Today Country Profiles in association with Citi

A day to celebrate

Treasury Today's Top Treasury Team winners at the Adam Smith Awards 2013

Treasury Today hosted the Adam Smith Awards 2013 gala luncheon in London on Thursday 20th June. Now in its sixth year, the annual event is recognised globally as the decisive benchmark for best practice in the corporate treasury profession.

On Thursday 20th June, Treasury Today hosted the sixth annual Adam Smith Awards ceremony, sponsored by Bank of America Merrill Lynch (BofA Merrill), in Plaisterers’ Hall, London. The event, which has come to be recognised by treasury professionals globally as the definitive industry benchmark, attracted more than 200 people from Asia, the Americas, the Middle East and Europe.

Our judges picked winners in 16 categories from a total of 229 high calibre entries from some of the world’s largest organisations. “This year’s nominations were quite simply stunning examples of how corporate treasurers around the globe are responding to the ever-increasing challenges they face,” said Angela Berry, Publisher at Treasury Today, in the keynote address. “We are absolutely delighted that an Adam Smith Award has become such a sought-after mark of achievement in corporate treasury, and I would like to thank you all for your continued support.”

Microsoft scooped the award for Treasury Today’s Top Treasury Team, a reward for the Treasury Capital Management (TCM) team’s efforts in developing an automated solution to improve the company’s cash visibility. Following its introduction, the TCM team can now identify exactly how much cash the company has – and importantly where it is – in minutes rather than days.

In another of the ceremony’s many highlights, Richard Parkinson, Managing Director at Treasury Today, presented the special Lifetime Achievement Award to Patricia Greenfield, Treasury Director at AstraZeneca. Greenfield, who began her treasury career at Unilever in the early 1970s, spoke to Treasury Today of her surprise and delight. “I felt really proud and shocked – I had no idea that it was coming,” she said.

“I’d forgotten how long I’d been in treasury – 40 years. It’s scary to think I’ve been around for that long,” she laughed.

Greenfield is opting for early retirement when AstraZeneca relocates its corporate finance operation from London to the Northwest of England in mid-2014. After a highly successful career, she is now looking forward to having more time on her hands to holiday in Southeast Asia and indulge in her recently-acquired passion for golf.

“I’m still passionate about what I do, but with the operation moving to Manchester I decided to take the opportunity to retire early,” she said. But with so much professional knowledge and expertise still to offer, will she still be keeping in close contact with her team after she leaves? “Of course,” she said with a chuckle. “I’ll definitely be on speed dial.”