For the middle section of the day, the program now splits into three topical tracks. Each track will feature 3–4 sessions: two before lunch and one or two after. You move between the sessions as you like, and many will later be available as videos on treasury360.net.
Some changes to the schedule have been introduced in early May. For details, see footnote.*)
TRACK A: Nailing the deal
11:25 INTRODUCTION – with poll question
This track looks at corporate funding initiatives and discusses what we can learn. It will feature cases as well as a discussion panel. Experiences from different Nordic countries will be discussed.
(Along its history of Nordic stops, Treasury 360° has presented interesting funding projects steadily. Many are featured in articles or even full-session videos such as in these cases from Finland’s UPM and Citycon, Norway’s Yara, Denmark’s Stark Group and Lundbeck, Iceland’s Landsvirkjun and Britain’s award-winning Oxford University treasury.)
Track moderator: Sander Van Tol, Partner, Zanders
11:30 CASE STUDY: Meet one of the world’s largest non-sovereign bond issuers
Germany’s development bank KfW is a giant, having raised 83 billion euro in international debt capital markets in 2021 alone to support its mandate to promote the transformation to a climate-friendly economy and society. Meet Group Treasurer Tim Armbruster for a rare look into his operations. In the year, no less than 16 billion euro came from 37 issues under its “Green Bonds – Made by KfW” framework, including the largest-ever USD green bond maturing 2026.
Tim Armbruster, Senior Vice President & Treasurer, KfW
(A five-minute buffer at 12:00 enables you to shift tracks if you would like.)
12:05 PANEL DEBATE: The case for using sustainable finance from an issuer and investors perspective
The world’s transition towards a sustainable future is an imperative undertaking that has just begun – and a massive opportunity for corporates and investors in the years ahead. What do we need to have in place, as corporates, to be eligible for the financial benefits that the emerging sustainability frameworks are offering us in our funding and what other benefits does doing sustainable finance bring? And, conversely, what operational realities and challenges will be most important to help investors understand and to address as part of this process?
Moderator:
Carla La Tona, ESG Advisory, Deutsche Bank
Panellists:
Amer Demo, Head of Funding & Markets, A.P. Møller - Mærsk
Kasper Kiim Jensen, Group Treasurer, Ørsted
Tobias Engl, CFA, European High Yield Portfolio Manager, ESG EUR HY Specialist, DWS
12.35 LUNCH. For each delegate we host for lunch, we will also donate a food package for a refugee through UNHCR.
14:00 CASE STUDY: New metrics – new role
At Dutch supermarket giant Ahold Delhaize, tying the interest rate of a 1-billion euro revolving credit facility to the group’s sustainability metrics will give a lower cost if the group scores well – or punish it if it does bad! A part of the day-to-day runnings is to monitor ten core key performance indicators covering food waste, company decarbonization, plastics, inclusion, human rights and more. In fact, the move actuates a new overall idea of what a corporate treasury does … and is. Ahold Delhaize’s sustainability-linked RCF was elected winner of the prestigious ACT Deals of the Year Awards for 2020. Hear the real story behind it.
Miguel Silva Gonzalez, Senior Vice President & Treasurer, Ahold Delhaize
14:30 CASE STUDY: The first ever digital bond on a public blockchain – and what’s in it for your future
As the European Investment Bank (EIB) issued a 100-million-euro two-year bond to key market investors a year ago, it represented the market’s first multi dealer led, primary issuance of digitally native tokens using public blockchain technology. Meet EIB’s Olivier Chapiteau and explore how this could be paving the way for new capabilities in the issuance for corporations such as your own.While the machinery behind the scenes runs on radically new technologies, the issuer’s process is not necessarily all that different from the one we are familiar with. Goldman Sachs, Santander and Societe Generale took part as joint lead managers, while Banque de France contributed its pioneering central bank digital currency (CBDC) capability.
Olivier Chapiteau, Capital Markets, New Products & Special Transactions, European Investment Bank
TRACK B: Technology-driven transformation at the treasury
11:25 INTRODUCTION – with poll question
Track moderator: Lone Kejser, Partner and Board leader, Infiniance
From advanced cash management systems to artificial intelligence, robotic processing and cybersecurity … We have heard all the terms but how do we manage our innovation to make sure new solutions support, rather than disrupt, our operations? This track will feature both a case and discussion. Experiences from different Nordic countries will be discussed.
11:30 PANEL DEBATE: How payments are eating the world – Making sense of the digital revolution
Over just a decade, the time it takes to make an urgent international payment has gone from possibly hours to seconds – and still, the digital transformation of the payments landscape has only begun! This session makes use of J.P. Morgan’s “POWER+” framework to identify the limited number of actual driving forces, so we can more effectively prepare for the future.How else could we make sense of today’s trillion-dollar payments through “super apps” (usually Chinese), or of how payments over the next decade will continue to connect not only people but also devices, homes, cars and avatars spanning physical, digital and virtual worlds? Indeed, with the talk of an emerging virtual-world “metaverse”, and self-driving decentralised banks … is it time we start making ourselves cozy in a parallel financial universe altogether?
(Spoiler alert: POWER+ stands for Platforms, Online, Wallets, Embedded, and Real Time, together with additional narrower themes and value-added services.)
Moderator: Johan Fagerström, Head of Payments Nordics, J.P.Morgan
Panellists:
Anna Ehrenborg, Senior Cash Manager, Consumer Payments, Volvo Cars
Abraham Geldenhuys, Vice President Group Treasury, Kongsberg Automotive
(A five-minute buffer at 12:00 enables you to shift tracks if you would like.)
12:05 CASE STUDY: How cash management supports the growth strategy at Statkraft
For many corporates, full global cash visibility and payments-on-behalf (“Pobo”) capacities are dreams. With the inhouse bank setup at Norway’s Statkraft, they have been turned into reality. Top level currency exposure control is in place, and so is a cost-efficient system for internal short-term funding of business units across the group. Internal group payments and account reconciliation go via a shared payment and accounting service for all business units, using the group’s ERP system, and a common bank interface simplifies the process of setting up new banking partners when expanding to new countries. Meet Stian Salomonsen, VP Head of Cash Management, for a detailed look into how it has been achieved, how it unleashes new capabilities and strategies on the corporate level … and what further improvements will be the next to address.
Moderator: Jan Dirk van Beusekom, Head of Strategic Marketing for Cash Management, Trade Solutions & Factoring, BNP Paribas
Stian Salomonsen, Vice President, Head of Cash Management, Statkraft
12.35 LUNCH. For each delegate we host for lunch, we will also donate a food package for a refugee through UNHCR.
14:00 CASE STUDY: Digital Treasury at Deutsche Bahn – Appointed best project 2021 by Europe’s treasurers
In-house teams at the treasury rather than consultants, and standard or open-source software … These are central components of the broad automation makeover at the treasury of German railway group Deutsche Bahn. Robotic process automation, electronic signatures, new analytic technologies, text mining and dashboards are just some of the many new tools put into use. In this session, meet Gerd Berghold, who led the implementation.His project is the reigning champion of the prestigious EACT Award – where Europe’s national associations of corporate treasurers each nominate a single candidate to battle it out for the single all-European prize. Winner criteria include the degrees of innovation, reach, ESG impact, perfection ambition … and wow factor.
Gerd Berghold, Head of Treasury Operations and Digital Treasury, Deutsche Bahn AG
14:30 PANEL: Cash, risk, and tech, tech, tech
Moderator: Michael Bach, Senior Manager, Risk Advisory, Deloitte
Panellists:
Lena Myklebust, Head of Cash Management Infrastructure, Equinor
Magnus Attoff, Head of Digital Transformation & Financial Risk Management, Telefonaktiebolaget LM Ericsson
Mervi Piirainen, Director, Head of Treasury Operations, Stora Enso
TRACK C: Boost the process
11:25 INTRODUCTION
Most of us have our core processes and systems reasonably well under control (or let’s hope so). So today, where are the best opportunities to do things even more efficiently? Through cases and talks, and lunch, let us connect with the colleagues who share our craving to improve – or have experiences we can learn from.
The sessions will feature poll questions.
Track moderator: Nicolas Christiaen, CEO & Co-founder, Cashforce
11:30 CASE STUDY: Trends in cash management and forecasting – The case of Suitsupply
Leading a project to put an automated and improved group-wide process in place for cash visibility and forecasting, Suitsupply’s Michel van der Lingen sought to cut down on his team’s daily manual struggles.This session looks at his case, but also at how the field is evolving and what risk/benefit tradeoffs the corporate decision maker has to take into account. Digitisation, artificial intelligence and learnings from Covid will be among the many factors in play as we design tomorrow’s cash setup.
Michel van der Lingen, Finance Director, Suitsupply
(A five-minute buffer at 12:00 enables you to shift tracks if you would like.)
12:05 CASE STUDY: Building an agile Treasury organisation for a unicorn
Founded in 2008 in Vilnius Lithuania, Vinted is now the largest online international consumer-to-consumer marketplace in Europe dedicated to second-hand fashion, with a growing member base of 50 million members. The company experienced strong growth and international expansion in recent years. Vinted’s online business model combined with a high growth ambition requires a Treasury department that is value adding to the business. Agne Masiulyte, Senior Director of Treasury at Vinted, will give insight into the Treasury journey from the foundation of Vinted in 2008 until where the company is now and how the Treasury function has developed along the way. She will provide insight into the challenges and the decisions that were taken during the journey.
Moderator: Esther Goemans-Verkleij, Partner Treasury, Orchard Finance
Agne Masiulyte, Senior Director Treasury, Vinted
12.35 LUNCH. For each delegate we host for lunch, we will also donate a food package for a refugee through UNHCR.
14:00 CASE STUDY: How Spotify’s treasury team gets its cash investments right
Holding 3 billion euro in cash and equivalents, the treasury team of less than 10 people at Swedish music-streaming unicorn Spotify has had good reason to think through its investment setup properly. Ultra-short liquidity is managed in-house, while the handling of its more strategic cash is outsourced to allow for the risk-monitoring needed for positive returns in the low-interest environment of recent years. The outsourcing leaves room for some focus on process improvements, such as through robotic process automation.
Mikaela Rumenius, Head of Financial Markets Activities, Spotify Treasury
14:30 KEYNOTE:Treasury and investor relations – in the digital-media age
The narcissism, truth distortion and unpredictable viral spreads on social media can make it a scary place for those of us who prefer to just focus on the facts. But to frown at the new platforms is to miss the key point here! Instead, a range of digital channels can enable us to radically improve our relevance and responsiveness towards our investor communities and gain their deeper trust in return. Learn how a corporation’s finance function can practically approach these new spaces – with a view to “democratising” not just the communication but even investing overall.
Tue Østergaard, Founder & CEO, HC Andersen Capital
