Capital Markets & Investments

CTP/CCM & FPAC Credits Reporting
If you submitted evaluations for sessions attended at AFP 2023 your CTP/CCM and/or FPAC credits will be uploaded to your recertification record by 12/31/2023.  If you did not submit evaluations for the sessions you attended, please self-report the qualifying credits to your recertification record.

 

CPE Credits Request (CPAs)

If you did not previously submit a CPE Credits Request for sessions attended, please email your request to [email protected] referencing the Session Title and Session CPE Code (provided at the end of the session).  A CPE confirmation will be emailed to you once the CPE Code is verified.


ESG in the Foreground: Perspectives on Risk, Reporting, Regulators, and the Road Ahead

The Environmental, social and governance (ESG) wave has swept ashore, bringing with it new challenges for treasury and finance practitioners. Increasingly charged with ESG reporting, which differs from financial reporting, minimal subject matter guidance or training, keeping up with requirements, data requests, changing definitions and stakeholder demands threaten to swamp finance and treasury teams. This interactive moderated discussion highlights: the success earned from embedding ESG in the culture while building Board engagement and support; data challenges and finding solutions in the existing ERP, with guidance on tools to close the gap; and focuses on emerging reporting requirements, regulatory oversight, and capital access.

Speakers: 

Marcia Banks, Deputy Director, International Association of Credit Portfolio Managers
Matt Bittner, Partner, Chief People Officer & President, International Operations, Dealer Tire, LLC
Suhayl Meghji, Climate Solutions Consultant, Persefoni
Winifred Pinet, CTP, President and CEO, Sycamore Associates LLC

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC 1.2 | CPE 1.2 | CPE Field of Study BMO

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An Inside Look into Liquidity Investing Through Economic Uncertainty and Volatile Markets

Recent global macroeconomic trends, volatile interest rates, supply chain disruptions, and increased geopolitical tension, combined with growing internal corporate demand to drive growth have created a challenging cycle for corporate treasurers.  While navigating these difficult waters common goals have emerged - preserving capital, maintaining liquidity, and maximizing yield in different rate environments, optimizing operating liquidity and operationalizing payment activity.  Attend this session as key thought leaders share insights on approaches to cash investment portfolios, including IPS considerations, interest income forecasting, and segmenting balance sheet investments.

Speakers:  

Patrick O'Callaghan, Global Head -Client Portfolio Management, Goldman Sachs Asset and Wealth Management
Kimberly Lee, Associate Director, Illumina
Nicole Smith, Senior Director, Visa
Michael Nourafshan, Investment Portfolio Manager, Block

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC 1.2 | CPE 1.2 | CPE Field of Study BMO

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Michigan State's Blockchain Project:  A Success Story! 

Financial services, including bond issuance, is being transformed by blockchain technology but most financial practitioners are not certain how and where to begin the process or determine which collaborators and providers are trustworthy and capable. At Michigan State University (MSU) the treasury team worked collaboratively with a Blockchain Bond Advisory Group comprised of students, faculty, staff, alumni and external advisers to develop a new paradigm for raising capital using blockchain distributed ledger technology. Attend this session to hear how MSU, with a proven success model, realized the potential of blockchain to create new nodes of opportunity for treasury functions to meet financial goals. 

Speakers: 

Rebecca Barber, Vice President, Financial Planning & Analysis, Michigan State University
Diana Hoadley, Managing Director, Goldman Sachs
Jeff Rayis, CTP, AVP Treasury & Financial Management, Michigan State University
Mustafa Al-Niama, Vice President, Global Banking and Markets | Digital Assets, Goldman Sachs

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC N/A | CPE 1.2 | CPE Field of Study IT

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The Hidden Power of Cash:  Meeting Yield Targets While Elevating DEI Efforts 

Treasury teams have a unique opportunity to leverage their balance sheets to meet corporate diversity, equity and inclusion goals while also earning targeted returns on cash. However, navigating this complex landscape can be challenging, especially in today’s volatile yield environment. That’s why accessible, next-generation data platforms and community finance institutions are becoming critical tools for treasury teams to achieve their DEI goals. In this session, speakers share their experiences and effective strategies for seamlessly allocating cash to impact-driven community financial institutions, minimizing risk in their portfolio, and earning returns comparable to conventional investments.

Speakers:  

Catherine Berman, Chief Executive and Co-Founder, CNote
Amber Cisneros, Chief Member Experience Officer, Orange County's Credit Union 
Justin Skaria, Senior Treasury Manager, Edwards Lifesciences

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC N/A | CPE 1.2 | CPE Field of Study BMO

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How Corporate Treasurers Can Invest with a Social Purpose 

Corporate treasury teams are increasingly seeking ways to align their actions with their organization’s Diversity, Equity and Inclusion (DE&I) mission statements and drive meaningful advancement. One way corporate treasury teams have supported these goals is by participating in investment products and programs that support affordable housing and education. This panel discusses the relative merits and impact of available socially conscious investment options and sheds light on the role Community Development Financial Institutions (CDFIs) play in reaching underserved communities, which mainstream finance has historically ignored, and shares how they have raised internal support for implementing socially conscious investment approaches.

Speakers:  

Richard Lucero, Assistant Treasurer, Dolby Laboratories, Inc.
Richard Sculli, CTP, Executive Director, Treasury, Comcast
Beth Lipson, CFO, Opportunity Finance Network
Scott Wachs, Executive Director, Morgan Stanley

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC N/A | CPE 1.2 | CPE Field of Study BMO

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Navigating a High-Rate Environment 

The recent flurry of Fed rate hikes has presented new opportunities for corporate cash portfolios. In this enlightening session, two seasoned treasury practitioners, an accomplished investment manager, and an expert investment consultant delve into effective strategies and securities that not only promise impressive yields but also safeguard against potential downsides. The discussion further covers essential aspects such as duration and credit strategies, sector and security selection, and specific recommendations for avoiding pitfalls in this new high-rate environment. Treasury practitioners can learn about strategies and dynamic portfolio positioning to capitalize on new opportunities, protect principal and maintain liquidity. 

Speakers:  

Brandon Hillstead, Assistant Treasurer, Autodesk, Inc.
Lucas Wear, Executive Director, Capital Markets & Investments, TriNet Group, Inc.
Nicholas Zaiko, Principal, Bridgebay Financial, Inc.
Bill O'Neill, Senior Portfolio Manager, Income Research & Management

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC 1.2 | CPE 1.2 | CPE Field of Study FIN

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Building an ESG Ecosystem Within Treasury 

ESG is emerging as a top priority for corporates according to the statistics. Corporate treasurers are looking ways to incorporate ESG into their goals. During this panel session: (i) Incorporating ESG principles within treasury (ii) Share concepts to create value and help drive Corporate’s ESG initiatives, carving out a role for themselves.(iii) Bring value proposition to corporate treasury on ESG-linked solutions – sharing concepts and solutions (iv) Discuss the opportunities and challenges in this area.

Speakers:   

Charles Bischoff, Treasury Director, Patagonia
Amy Goldstein, Managing Director - Transaction Banking, BNP Paribas
Paul Moinester, Founder and Executive Director, Topo Finance

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC N/A | CPE 1.2 | CPE Field of Study BMO

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Qualtrics' Approach to the Delicate Dance Between Liquidity, Risk and Investment Return

Treasury is facing unyielding pressure to maintain liquidity and earn investment income while protecting global cash. The delicate balance between these competing demands requires a practical strategic approach. Join two seasoned members of the Qualtrics Treasury Team as they share their hard-won insights into developing a comprehensive investment program that effectively manages counterparty risk. Through their practical recommendations and actionable information, gain valuable insights into optimizing your own investment and risk programs. Whether you are looking to build a new program from scratch or improve an existing one, this session provides you with the tools and knowledge you need to succeed.

Speakers:   

Amanda Schmidt, CTP, Treasury Manager, Qualtrics
Ben Amundsen, CTP, Senior Treasury Analyst, Qualtrics

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC 1.2 | CPE 1.2 | CPE Field of Study FIN

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Commercial Paper:  Fool's Gold or Strategic Funding? 

Commercial Paper markets have seen their share of negative headlines. From being labeled one of the “causes” of the financial crisis, to inherently unstable during the opening stages of the COVID pandemic. As a result, certain companies have steered clear of setting up a commercial paper program, despite strong evidence that it is one of the lowest cost sources of operational and strategic funding. This session presents the risk/reward trade-off of maintaining a CP program, the logistics of establishing a program, the day-to-day challenges and benefits of operating a CP program, and the best practices that issuers have developed to work with investors, dealers and internal stakeholders.

Speakers:   

Kalyn Matthews, CTP, Director - Treasury, Duke Energy Corporation 
David Pellerin, Senior Manager, Treasury, Circle K
Garret Sloan, Director, Debt Capital Markets, Wells Fargo Securities, LLC

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC 1.2 | CPE 1.2 | CPE Field of Study SKA

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Your Essential Guide to ESG Deposits

The influence of Environmental, Social, and Governance (ESG) factors on how companies manage their businesses is ever evolving. With mounting pressure from investors, banks, consumers, and government regulations, the momentum for sustainable finance continues to grow. As more companies undertake sustainability initiatives, sustainable deposits have become an emerging topic of treasury conversations.  It’s therefore critical that treasurers understand how to align an ESG-style deposit with their enterprise goals and incorporate ESG into their company’s cash optimization strategies, securing buy-in to participate in ESG initiatives. In this session speakers share insights on how treasurers can position themselves as strategic thinkers and contribute to enterprise goals beyond their traditional role.

Speakers: 

Will Joekel, VP & Treasurer, Green Plains Inc.
Lee Ketter, Treasury Manager, Zurn Elkay Water Solutions Corporation
Michel Tram, CTP, Director, BMO
Bryant Herlocker, CTP, Global Treasury, Morningstar, Inc.

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC N/A | CPE 1.2 | CPE Field of Study BMO

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Global Cash Pooling:  Turning Puddles of Cash into a Global Pool

Efficient cash management, liquidity maximization, leveraging reduction, and trapped cash minimization are common challenges for most Treasury departments of global companies.  Facing the challenge of extracting available cash for investments/funding while maintaining liquidity for local affiliates globally Iron Mountain and AbbVie implemented physical and notional cash pools in APAC and EMEA, with transfers between regional pools and their main concentration banks in the US. Comparing two cash pooling approaches: multi-entity/multi-currency and single-entity/multi-currency this session highlights the benefits of both solutions including minimizing cash balances, maximizing liquidity, reducing leverage, and gaining operational efficiencies through process automation. 

Speakers:   

Steve Guse, Associate Director, North America Region, AbbVie, Inc.
Timothy Kolenda, CTP, Regional Treasurer, NAM, AbbVie, Inc.
Sergio Martin, CFA, Assistant Treasurer, Iron Mountain
Flavia Salvaterra, CTP, Director, Kroll, Inc.

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC 1.2 | CPE 1.2 | CPE Field of Study FIN

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Diversity, Equity and Inclusion:  Impacting Change Through Treasury 

Treasury teams have the potential to play a critical role in the advancement of Diversity, Equity and Inclusion (DE&I) initiatives, both within the organization and externally through diverse-owned broker dealers and service providers. As DEI continues to gain interest in the boardroom, it is important for treasury teams to consider how they can incorporate DE&I into their capital markets, cash management, and hedging activities. In this session, panelists share best practices for designing a firm selection process, implementing DE&I initiatives, and measuring success and impact while enhancing economic value. 

Speakers: 

Sidney Dillard, Partner - Investment Banking Division, Loop Capital Markets
Jia Shan, Managing Director, Debt Capital Markets & Risk Management, Goldman Sachs
Isaac Woods, Vice President & Treasurer, Rockwell Automation, Inc.

APPROVED CREDITS:  CTP/CCM  1.2 | FPAC 1.2 | CPE 1.2 | CPE Field of Study BMO

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