Articles tagged with:
Adam Smith Awards

  • Maeve C. Robinson, Omnicom Group

    Women in Treasury: 
    Maeve C. Robinson, Omnicom Group

    Winner of the first-ever Treasury Today Woman of the Year Award at this year’s Adam Smith Awards, Maeve Robinson says that her favourite part of the job is discovering ways to make treasury more efficient, looking for “the next big idea” to streamline processes.

  • Stuart Kirk, Xerox

    Corporate View: 
    Stuart Kirk, Xerox

    Stuart Kirk attributes his disciplined methodological approach to his Yellow Belt for Lean Six Sigma business processes. His quest for clarity and order saw Kirk collecting the Best Foreign Exchange Solution at Treasury Today’s Adam Smith Awards 2013.

  • Anita Prasad, Microsoft

    Adam Smith Webinars launch with exclusive Microsoft Treasury presentation

    Treasury Today is launching a series of Adam Smith Webinars to highlight best practice in corporate treasury. To kick off the series, Anita Prasad will be discussing how Microsoft manages its cash globally.

  • Richard Parkinson, Edward Collis and Vic Davis from Virgin Atlantic and Martin Bellin, Bellin

    Virgin Atlantic, Highly Commended, Harnessing the Power of Technology

    A number of sub-optimal interfaces between the internal ERP systems at Virgin Atlantic, external electronic banking systems and IT vendor applications were replaced by a single payment gateway which could send payment files to the banks and receive account balance and transactional information centrally. Key objectives were to:

  • Lewis Warren, J.P. Morgan collecting on behalf of UnitedHealth Group

    UnitedHealth Group, Highly Commended, Best Foreign Exchange Solution

    UnitedHealth Group Incorporated has been looking at international expansion for a number of years. Brazil has been an area of focus given its favorable economic and demographic development and composition. In the fourth quarter of 2012 UnitedHealth group announced the purchase of Amil, the largest private healthcare provider in Brazil. This transaction was UnitedHealth Group’s largest acquisition in the international arena.

  • Cormac Donohoe, Citi and Stuart Kirk, Xerox

    Xerox, Winner, Best Foreign Exchange Solution

    With over 25 years of FX experience, Stuart Kirk, Head of Global FX Risk Management, was able to identify some of the key areas of risk to the firm and potential shortcomings. “We needed to do three things,” says Kirk, based at Xerox’s Treasury Centre in Dublin. “We need to look at our exposures on a consolidated basis and quantify the total impact of FX volatility on our earnings; to increase the transparency of our hedging programme to ensure cost/risk optimisation; and to come up with a more systematic approach to FX hedging, which ensures we consistently meet the corporation’s risk management objectives. The project was about clarity, measurability, and the ability to benchmark performance against alternative solutions.”

  • Steven Elms, Citi collecting on behalf of Yannick Gehin

    Danone Asia, Highly Commended, Best in Class Benchmarking

    With the help of Citi, Danone participated in the People’s Bank of China’s (PBoC) newly launched pilot scheme for renminbi (RMB) cross-border lending. By pioneering RMB cross-border lending, Danone has been able to complete a critical step in its expansion plans by adding RMB to its treasury management currency basket, and thus leverage surplus RMB in China to finance the net debt of its regional treasury centre (RTC) in Singapore. The structure optimises Danone’s treasury activities to realise improved global liquidity management and greater efficiency.

  • Onkar Liddar and Scott Ahlstrom from Accenture

    Accenture, Winner, Best in Class Benchmarking

    Accenture’s multi-year Treasury Transformation project (TTP) was triggered by two major business imperatives. First was the rapidly deteriorating economic stability in major economies that increased Accenture’s financial risk profile. The second was, and remains, Accenture’s continued growth trajectory, particularly in new, non-traditional geographies.

  • Paul Taylor, Bank America Merrill Lynch collecting on behalf of James Muir

    Wolters Kluwer, Highly Commended, One to Watch

    Treasury professionals know the value of having a treasury workstation (TWS). However, there are many who struggle with the customisation (or lack thereof) of their current TWS. Many others do not have the budget or IT staff needed to implement an off-the-shelf or a consultant-led customised workstation. The responsibility of Wolters Kluwer’s treasury department (as a shared service centre (SSC)) includes finding the most effective and efficient ways to manage company and employee subscriptions to banks, accounts and services.

  • Colin Fraser, Abu Dhabi Commercial Bank and Harish Pai, Tourism Development & Investment Company

    Tourism Development & Investment Company, Highly Commended, One to Watch

    Tourism Development & Investment Company (TDIC), established in 2006, is a master developer of major tourism related infrastructure and destinations in Abu Dhabi, UAE. The company is behind some of the most prestigious projects undertaken in Abu Dhabi, including Saadiyat Island which will house the world’s largest concentration of premier cultural institutions such as the Zayed National Museum, the Louvre Abu Dhabi and the Guggenheim Abu Dhabi. TDIC is a critical contributor towards Abu Dhabi’s vision 2030, the ambitious plan for economic and cultural development of the emirate.