Articles tagged with:
Adam Smith Awards

  • Kashaf Jaffer, Alexion

    Kashaf Jaffer, Winner, A Rising Star

    Kashaf Jaffer is a finance professional with almost eight years’ experience in treasury who started his career at Mondelez India Foods Limited as a Finance Trainee. He is well-qualified and his achievements include a Lean Six Sigma Yellow Belt certification. He is currently responsible for managing critical areas like FX hedging, cash management, bank administration and international remittances besides transformation of processes. Kashaf lists his skills as people management, communication, accountability, negotiation, collaboration and is always keen to learn. A well deserved winner of the 2016 award.

  • Aman Singh Chadha, Citi, Mee-Yin Soong, Ee-Ching Chang and Voon-Sang Eg, Wilhelmsen Ship Management

    Wilhelmsen Ship Management Group, Highly Commended, Best SWIFT Solution

    Wilhelmsen Ship Management Group (WSM) embarked on an ambitious re-engineering project to streamline and enhance its structure and processes. Today, WSM’s SSC in Kuala Lumpur processes more than 10,000 payments each month, in 61 currencies through four major global banks to serve their global clients. Combining their banking partner’s solutions with SAP and SWIFT capabilities, WSM is able to harness the power of information transfer and technology to reinvent its treasury operations.

  • Yew Kin Wah, Singapore Power and So Lay Hua, United Overseas Bank

    Singapore Power, Highly Commended, Best SWIFT Solution

    Singapore Power (SP) wanted to digitise its financial and treasury transactions. According to SWIFT, SP is amongst the first government-linked corporations in Singapore to fully digitise their end-to-end treasury and payment functions via the SWIFT platform.

  • Simon Cole, Reval, Jacqueline Cheng, Richard Shaw, and Bonny Ho, Prudential

    Prudential Corporation Asia, Highly Commended, Best SWIFT Solution

    This insurance giant decided to partner with a major treasury risk management provider and thirdparty SWIFT service bureau to deliver its solution. The team now process over 1,000 bank statements and monitor exposure against 500+ limits each day.

  • Tay Jingmin, Serene Tan Yung Wee and Robert Kelly, Zoetis and Mark Foo, J.P. Morgan

    Zoetis, Winner, Best SWIFT Solution

    Following its separation from Pfizer and IPO in February 2013, Zoetis undertook an initiative to improve its treasury and cash management systems significantly, including consolidation of its banking partners globally. It worked on this solution with a single partner bank, and, as a participating member of SCORE, leveraged SWIFTNet and ISO 20022 XML version 3 standards now using pain.001/002 and camt.053/054 formats.

  • James Hayward and Ashish Bhardwaj, Microsoft

    Microsoft, Highly Commended, Best Solution in China

    This solution uses an Escrow account to leverage the huge online revenue opportunity which Microsoft identified. The project, named Gallacake, demonstrates how treasury can help a huge, matrixed organisation like Microsoft to bring multiple teams together to deliver a solution for the entire ecosystem and how treasury is now viewed as a trusted adviser.

  • Matthew Xu, Pfizer and Lillian Sim, J.P. Morgan

    Pfizer Global Financial Solutions, Highly Commended, Best Solution in China

    This case study profiles a solution as a result of the regulatory changes in 2014 which offered an opportunity to set up centralised payments and collections with netting and automated cross-border cash concentration and intercompany loans in foreign currency and RMB. This ‘on-behalf-of’ structure has SAFE approval.

  • Deborah Mur, Citi collecting the award on behalf of AMWAY (China) Co., Ltd with Sophie Jackson

    AMWAY (China) Co., Limited, Winner, Best Solution in China

    This solution focuses on the challenges of cross-border funds transfer and customs clearance. With the solution they have implemented, Amway China has established the benchmark for a market-leading business model reform for direct sales in China. Products purchased over the e-commerce platform are now received in just T + two days.

  • Cynthia Koh, Citi and Miao Chiu, Nan Shan Life Insurance

    Nan Shan Life Insurance, Highly Commended, One to Watch

    This solution called the Envision Project set out with the aim of setting the standard of best practice in the insurance industry around the globe. Nan Shan worked with its banking partner to deliver a host-to-host cash payment/settlement project following a multi-million dollar SAO system integration which is due to go live in early 2017.

  • Cynthia Koh, Citi and Hooi San Tan, Intel Corporation

    Intel Corporation, Winner, One to Watch

    The solution implemented here is about how Intel re-engineered it’s early payment discount programme to make this more attractive to their suppliers. A workshop at Intel’s banking partners’ Innovation Lab in Singapore uncovered a solution which we should be watching.