Women in Treasury

Women in Treasury & Finance: making courageous choices

Published: Aug 2025

This year’s Women in Treasury & Finance APAC Forum featured vibrant and thought-provoking discussions on a diverse set of topics, including personal development, the impact of AI and work/life balance.

Women in Treasury APAC Forum 2025 panellists group photo

On 17th July, senior treasury and finance professionals, together with their banking and technology partners, gathered to attend this year’s Women in Treasury & Finance APAC Forum at the prestigious Four Seasons Hotel in Singapore. The event was hosted by Sophie Jackson, CEO, and Meg Coates, Publisher & Operations Director, Treasury Today Group.

A key date in the calendar of treasury and finance professionals in APAC, the forum provides a platform for industry experts to discuss the personal and professional challenges that women face in the workspace.

The importance of community

In her opening address, Meg highlighted Treasury Today Group’s commitment to the advancement of women in the industry.

She explained: “Treasury Today Group is female-founded and female-led. Establishing a platform to pioneer gender equity in corporate treasury and finance – and to create a community where women can share experiences and encourage each other’s professional development – was a natural evolution for us.”

Meg added that the Women in Treasury & Finance initiative had initially focused on profiling female treasury and finance leaders. But in recent years, the initiative has grown to encompass Women in Treasury & Finance forums, workshops and roundtables across the world, as well as the Global Equity Study 2025, proudly supported by Standard Chartered.

Awards ceremony

Following the welcome reception, guests moved through to the ballroom for a presentation to the APAC winners of Treasury Today Group’s 2025 Within Awards, which was followed by a panel discussion.

Introducing the awards ceremony, Sophie highlighted the two recent additions to the awards programme. In addition to the gender-agnostic award for Champion of Change, which was added in 2024, Sophie explained: “This year we have added a new award, our Leading Light category. This is to enable us to recognise those financial institutions and technology partners that support corporates and champion the work we do.”

During the ceremony, Jennifer Doherty, Managing Director and COO of Transaction Banking at Standard Chartered, was named Overall Winner of the Leading Light award for the APAC region. Vinita Nair, Head of Mergers & Acquisitions, Treasury and Insurance at Hindustan Unilever, was Overall Winner in the Champion of Change category for APAC.

Jennifer Doherty, Managing Director and COO of Transaction Banking at Standard Chartered
Vinita Nair, Head of Mergers & Acquisitions, Treasury and Insurance at Hindustan Unilever

Women in Treasury APAC 2025 panellists

  • Vinita Nair – Head of Mergers & Acquisitions, Treasury and Insurance, Hindustan Unilever Limited (HUL)

  • Jing Zhang – Executive Director, APAC Head of FIG Trade Sales, J.P. Morgan

  • Sunday Domingo – Global Head, Digital Channel Solutions, Transaction Banking, Corporate & Investment Banking, Standard Chartered

  • Sarah Lo – Vice President & Volunteer Director, PrimeTime Business and Professional Women’s Association and self-employed consultant

Embracing digital products

Sunday Domingo, Global Head, Digital Channel Solutions, Transaction Banking, Corporate & Investment Banking, Standard Chartered

The panel discussion opened with the panellists recounting their own career paths. Standard Chartered’s Sunday Domingo explained that her journey began in the Philippines. After entering the banking world straight out of university, she began her career working on the cash management side and was responsible for implementing electronic banking.

“That’s when I fell in love a little bit with technology,” she said. “That wasn’t my background – I studied economics at university, but I saw how information is also an asset, and how technology can enable the business.” Later relocating to Singapore in 2001, she joined a product management team that was engaged in building the transaction bank’s digital channels and products.

Sunday firmly believes that her career journey has been enriched by the people she has met on the way – particularly those of different backgrounds, with different perspectives and attitudes. “And my role is still building digital products and data analytics solutions – except now it’s not diskettes or modems, but blockchain, APIs and Gen AI.”

Going where the growth is

Jing Zhang, Executive Director, APAC Head of FIG Trade Sales, J.P. Morgan

J.P. Morgan’s Jing Zhang explained that after attending university in China, she received a full fellowship to study at Indiana University in the US and went on to gain an MBA at the University of Pennsylvania.

“I joined J.P. Morgan during the financial crisis of 2008-2009 and received a full-time offer to go back after a summer internship,” she recalled. Then, after three years in New York, she was faced with a dilemma – whether to remain at the head office in New York, “which many people would probably have chosen,” or to move out to work in the fast-growing markets of Asia. After careful consideration, she opted to move to the bank’s Singapore office.

Jing added that when faced with this type of decision, it can be valuable to “take that risk earlier in your career” – but she also emphasised the importance of having a network to lean on for advice. “The biggest advice I got is to think about where the growth is, think about where the clients are, think about where the business is going in the next ten-15 years. I think I made the right choice.”

Making it count

Vinita Nair, Head of Mergers & Acquisitions, Treasury and Insurance, Hindustan Unilever Limited (HUL)

Vinita explained that her mother was a research and development scientist who had opted to step away from corporate life in order to raise her two daughters. As such, Vinita and her sister were acutely aware of the sacrifice made by their mother.

“This has had a profound impact on my life and the effort I have made with my career,” she said. “It’s made me curious and hungry for every opportunity. It’s not just for me; it’s for my mum as well. And hence I need to really make it count.”

In a traditionally male-led environment, Vinita faced scepticism over her ability to succeed in tough markets. “But if you want to really pivot yourself in your career, you need to make those courageous choices.”

At the same time, Vinita focuses not just on personal success, but on the need to make things better for future generations. “That’s what has shaped me and drives me,” she said. “And my mum continues to be a pillar of support to this day.”

Enlightened approach

Sarah Lo, Vice President & Volunteer Director, PrimeTime Business and Professional Women’s Association and self-employed consultant

Growing up in the northwest of England, Sarah Lo witnessed a time of industrial unrest and economic transformation in her teenage years. With many people experiencing challenging conditions in their working lives, she was struck by the reputation of a particular business which was known for taking a more enlightened approach to its staff. “The various dynamics really fascinated me, and this early interest in the world of work, translated into a career in HR,” she added.

Sarah said she had recently celebrated her 40th work anniversary, adding that much of her career has been spent in the financial sector. “I met and married my Singaporean husband nearly 30 years ago, which opened up a whole new world to me,” she added. “It’s been amazing to see how Singapore has developed in that time, and it provides a constant source of inspiration

Since stepping back from corporate life, Sarah has embraced a portfolio career that includes board roles, board advisory, business development, including coaching leaders through personal and business transformation.

Seizing opportunities

The panel went on to discuss the qualities necessary for a successful career. “A lot of the time I am working with technology and engineering teams, and when I go into a meeting there will be people there who know a lot more than me,” said Sunday. “I would say that you need to have the humility to ask questions and to learn from others.

“It might be that I am the only woman present, and the only one who can’t code. But because of that difference, I can have ideas that they don’t have. That’s my strength. And the more I have leaned into that, the more confident I have become.”

Speaking about the different roles she has held, from investor relationships to business finance, Vinita highlighted the importance of embracing opportunities and not being held back by self-doubt. “Have the courage to believe in yourself – if you don’t know something today, then go behind it and prepare like your life depends on it. Study the domain, ask questions, and learn.”

Women in Treasury & Finance APAC Forum 2025

Access to AI

Sophie invited panellists to share their thoughts on the role of AI, and how this might help or hinder people’s roles.

“I’m a huge believer and supporter of AI,” explained Jing. “I don’t believe it’s going to replace our jobs. Most of the women I speak to are very open minded when it comes to using new tools and adopting new technology to solve problems.”

She argued that the gap in adopting AI is not a gender-based challenge, but a “country by country” gap. “This infrastructure is not there for a lot of emerging countries or less developed countries, so these countries and companies are going to be left behind” she added. “We need to consciously make the technology and access to AI available to them.”

Sarah observed that AI “isn’t going to go away”, highlighting the importance of embracing technology and thinking about how to make a difference. “As women, I think we can do a lot by thinking about what sets us apart, developing our soft skills, for example, to humanise the workplace. she added. “We’re all working longer, so it’s also about future proofing yourself, consider how you can build a sustainable career, intentionally thinking about how you can contribute through the different seasons of your life.”

Mentoring and networking

On the subject of support and mentoring, Jing advised: “It’s very important to seek out advice and have a network to support you, especially at the beginning of a career.”

Nurturing young talent is a particular passion for Vinita, who sees mentoring as a two-way process. “You can only be as good as your team,” she observed. “So you need to invest in them and be a coach and a mentor. They’re the leaders of tomorrow.”

On another note, Sunday explained that mentors do not always need to be experienced leaders. “Because I’m building digital products, I have to speak to digital natives,” she said. “So sometimes my mentor is a more junior person.”

Taking a step back, Sarah highlighted the value of events like Treasury Today’s Women in Treasury Forums. “These forums did not exist when I started out in financial services, and it is all praise to the women who have championed them,” she said. “My encouragement to you all is to get involved, be great role models and mentors for the younger generation coming through.”

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