2018 fall - association of corporate treasurers · 4 2018 fall treasurers conference conference...

1 2018 Fall Treasurers Conference

November 14-15, 2018 Hyatt Regency O’Hare

Rosemont, IL

TREASURERS2018 FALL

CONFERENCE

PRELIMINARY PROGRAM


TABLE OF CONTENTS

3 Conference Highlights

4 Conference Agenda

6 NACT Board of Directors

9 General Information

11 Registration Form


CONFERENCE HIGHLIGHTS

WEDNESDAY, NOVEMBER 14Opening Networking ReceptionWe invite you to join us for a welcome reception where you can interact with your fellow corporate treasurers and representatives from our valued corporate sponsor companies in a relaxed and informal setting.

THURSDAY, NOVEMBER 15“Vegas Rules” Open ForumNACT’s most popular session! What YOU want to discuss: Gain insight - in a confidential setting – into how your peers have solved problems currently facing your organization.

Featured Guest SpeakersRobert DanzigerManaging DirectorMUFG, Capital Markets

Mark OesterleSenior Vice President & Director of Federal Government RelationsSunTrust Robinson Humphrey

Amol DhargalkarManaging DirectorChatham Financial

Richard Magrann-WellsProduct Sales LeadAdjoint Inc.

Hayden Gallary, CFA Managing DirectorCambridge Associates

Holly Verdeyen, CEBSSenior DirectorDefined Contribution StrategyRussell Investments

General Sessions• LIBOR Reform – New Reference Rates ARE Coming• An Insider’s View from Washington – Election Results and Expected Changes in Financial

Regulations, Taxes, Foreign Trade Agreements, and Other Effects for Treasurers• Fintech for Treasurers – How Treasury Systems Can Benefit from the Latest Technologies• How to Make Sure Your Employees Are Ready for Retirement


CONFERENCE AGENDA

WEDNESDAY, NOVEMBER 14

6:00 – 8:30 pm Opening Networking Reception

The NACT Board of Directors welcomes everyone to join a reception where you can interact with your fellow corporate treasurers

and representatives from our valued corporate sponsor companies in a relaxed and informal setting.

THURSDAY, NOVEMBER 15

8:00 – 8:45 am Conference Registration & Breakfast with Guest Speaker

LIBOR Reform – New Reference Rates ARE Coming

Treasurers around the world are preparing for the day when the interest rate indexes we have been using, in some cases since the

mid-1980s, will no longer be available. More than US$ 300 trillion of financial instruments, from adjustable rate home mortgages,

to credit cards, to corporate loans, along with a whole book of intra-group transactions are all priced using the London Inter-bank

Offered Rate (“LIBOR”). Hear how treasurers should prepare for this sweeping change affecting financial markets in the U.S.,

Europe, U.K., Japan, and around the world.

SPEAKER – ROBERT DANZIGER

Managing Director

MUFG, Capital Markets

8:45 – 10:15 am “Vegas Rules” Open Forum

This is a time for treasurers to choose the topics and issues for an open and candid discussion – an important, confidential

exchange that is a traditional part of every NACT conference, where the focus is always on “Treasurers Talking to Treasurers.”

MODERATOR – BJORK HUPFELD

Global Treasurer

The Hershey Company

MODERATOR – RUUD ROGGEKAMP

Assistant Treasurer – Corporate Finance & Banking

The Boeing Company

10:15 – 10:30 am Morning Refreshment Break

10:30 – 11:45 am Open Forum [Continued]

11:45 am – noon Break

12:00 pm – 1:30 pm Lunch & An Insider’s View from Washington

With the 2018 elections just completed Mark Oesterle will analyze the results along with his outlook for changes in financial

regulations, taxes, foreign trade agreements, and other effects for treasurers.

SPEAKER – MARK OESTERLE

Senior Vice President & Director of Federal Government Relations

SunTrust Robinson Humphrey


1:30 – 1:45 pm Break

1:45 – 3:15 pm Fintech for Treasurers – How Treasury Systems Can Benefit from the Latest Technologies

Join a discussion of:

• How treasury teams can employ Business Intelligence to deliver compelling, insightful FX reports that reveal to business leaders

their exposures and profit-making opportunities. Business Intelligence.

• How new technology can empower your business to achieve new levels of efficiency, risk management and controls by using

blockchain and smart contracts built for enterprise finance. Explore how you can help your organization improve productivity and

margins, enhance client service and drive strategic innovation.

• Many technology companies are proposing innovative blockchain solutions for financial professionals. However, most distributed

ledger products require substantial retooling and broad participation from disparate parties. The investment and work required

are substantial. We believe there is a better way. Adjoint has developed our own open-source platform and enhanced set

of privacy tools that enable the development of blockchain-embedded smart contracts. Our solution does not require the

replacement or retooling of an insurer’s existing legacy systems. A real-time distributed ledger in the form of a user-friendly

dashboard to track all of an treasurer’s placement processes.

SPEAKER – AMOL DHARGALKAR

Managing Director

Chatham Financial

SPEAKER – RICHARD MAGRANN-WELLS

Product Sales Lead

Adjoint Inc.

3:15 – 3:30 pm Afternoon Refreshment Break

3:30 – 5:00 pm How to Make Sure Your Employees Are Ready for Retirement

Here we’ll discuss with recognized thought leaders on retirement solutions several hot topics in DB and DC plans, including

solutions to address the increasing longevity of participants, trends toward participants remaining in employer-sponsored plans

long after retirement, and how innovative asset allocation solutions may improve outcomes.

MODERATOR – RAMON YI

Senior Director, Treasury

Port of Houston Authority

SPEAKER – HAYDEN GALLARY, CFA

Managing Director

Cambridge Associates

SPEAKER – HOLLY VERDEYEN, CEBS

Senior Director – Defined Contribution Strategy

Russell Investments

5:00 – 5:30 pm Closing Reception

CONFERENCE AGENDA


BOARD OFFICERS

ChairmanThomas C. Deas, Jr.Vice President & TreasurerFMC Corporation (Retired)

PresidentMichael R.WilliamsVice President & Treasurer

Executive Vice PresidentBjork HupfeldGlobal TreasurerThe Hershey Company

Secretary/TreasurerRuud P. RoggekampAssistant Treasurer, Corporate Finance & BankingThe Boeing Company

Immediate Past ChairmanRamon YiSenior Director, TreasuryPort of Houston Authority

BOARD MEMBERS

Nicholas Bijur Vice President & Treasurer

Pacific Gas & Electric Corporation

Bradley FoxVice President & Treasurer

Allen A. GellerExecutive Vice President & TreasurerRaines International, Inc.

Gerard A. Halpin IIIPresident & Chief Executive OfficerSiemens Capital Company Llc

Mary Dean HallChief Financial OfficerQuaker Chemical Corporation

Kimberly A. HunterTreasurer & Vice President

Karen N. LathamCorporate Treasurer

Colleen O’ConnorVice President & TreasurerThe Chamberlain Group, Inc.

Otis O. OtihGlobal Treasury DirectorMARS, INC.

Mark W. PetersonVice President & Treasurer

Susan PlotzkyTreasurer

William M. RiggerGroup Assistant TreasurerWillis Towers Watson

Peter L. SeredaSenior Vice President-Finance & TreasurerTelephone & Data Systems, Inc.

J. Darrell ThomasVice President & TreasurerHarley-Davidson, Inc.

Kevin WilsonVice President & TreasurerIngredion Incorporated

Ted YerdonVice President & TreasurerSteel Partners Holding LP

NACT BOARD OF DIRECTORSThe NACT Board is comprised of member treasurers and acts in the best interests of the membership. All Board members are accessible to the NACT membership and feedback is welcomed on all NACT topics. In recent months, the Board has approved two advocacy positions urging restraint on proposed regulations for the money market fund industry and OTC Derivatives, and Board Executive Committee Officers have participated on Washington task forces to further this message. The NACT Chairman also represents the organization at the Annual Conference of the International Group of Treasury Associations, a global forum to share information on issues that impact the treasury and finance profession and serves on the Steering Committee of the Coalition for Derivatives End-Users.


ROBERT DANZIGER Managing Director MUFG, Capital Markets

THOMAS C. DEAS, JR. Vice President & Treasurer (Retired) FMC Corporation

Chairman NACT Board of Directors

Thomas C. Deas, Jr. is the current Chairman of the National Association of Corporate Treasurers, having also served a previous term as its Chairman from 2011 through 2013. From 2001 until his retirement in 2016, he served as Vice President and Treasurer of FMC Corporation (NYSE: FMC), with responsibility for the worldwide treasury function, including financing, treasury operations, pension investments and funding, and insurance and risk management. Prior to joining FMC, he served as Vice President, Treasurer and CFO of Applied Tech Products Corp., of Airgas, Inc. (NYSE: ARG) and of Maritrans Inc. (NYSE: TUG). Prior to these positions, Mr. Deas was employed for 18 years at Scott Paper Company (NYSE: SPP), where he served in various capacities in finance and treasury. Mr. Deas received a BS in Physics from the University of South Carolina. Following service as a destroyer officer in the U.S. Navy, he received an MBA from the Wharton School of the University of Pennsylvania. He is the past Chairman of the International Group of Treasury Associations and is a director of the University of South Carolina Educational Foundation and its Investment Policy Committee. He has served as a member of the Financial Stability Board’s Market Participants’ Group and is a current representative to the Federal Reserve’s Alternative Reference Rates Committee. Both these efforts are charged to recommend changes concerning how LIBOR and other interest rate indexes are determined. Mr. Deas is a member of the steering committee of the Coalition for Derivatives End-Users. He is a frequent speaker at investor conferences and professional forums.

AMOL DHARGALKAR Managing Director Chatham Financial

Amol Dhargalkar is a Managing Director and member of Chatham's Operating Committee. He leads the Global Corporate Sector serving public and private corporations focusing on interest rate, foreign currency and commodity risk management. He joined Chatham in 2001 and launched its Corporate Sector offerings in 2007. Amol has advised a broad spectrum of public and privately held companies as well as corporate private equity sponsors on the structuring, implementation, and accounting of their risk management programs totaling more than US $500 billion in hedged notional. Amol graduated from Pennsylvania State University with a BS in Chemical Engineering and a BS in Economics. He also received his MBA from The Wharton School at the University of Pennsylvania where he was a Palmer Scholar.

HAYDEN GALLARY, CFA Managing Director Cambridge Associates

Hayden Gallary is a Managing Director in Cambridge Associates’ Pension Practice and is based in the firm’s San Francisco office. He advises clients on investment issues such as asset allocation strategy, manager selection, and investment program evaluation. Hayden works with a number of pensions and institutional clients in the US ranging in size from $20 million to more than $3 billion. He is also the leader of the firm’s efforts in the Defined Contribution space. Hayden has over 13 years of investment experience. Prior to joining Cambridge Associates in 2008, Hayden worked at The Rock Creek Group, a diversified hedge fund-of-funds. Previously, Hayden was a member of the Global Asset Allocation Group at Putnam Investments for three years. While there, he focused on quantitative research regarding short and intermediate term allocation decisions across global equity and fixed income markets. He also was involved in the management of Putnam's age-based retirement and college savings funds. Hayden’s credentials include CFA Charterholder. He graduated with a BA in Economics and Mathematics from Yale University, and earned an MBA from the Sloan School of Management at MIT.

BJORK HUPFELD Global Treasurer The Hershey Company

Bjork Hupfeld is Global Treasurer for The Hershey Company. He has global responsibility for corporate financing and capital markets activities, financial risk management (hedging), Treasury operations, cash management, insurance, pension asset management and bank relationship management. Born in Denmark, Hupfeld received his bachelor’s degrees in accounting and economics from Copenhagen Business School. Hupfeld joined Hershey in 2008 as Manager International Treasury & Foreign Exchange Risk. Prior to joining Hershey, he was Executive Director, Treasurer and Member of the Managing Board of WestLB Bank Polska, Warsaw, Poland. Before that, he worked for other financial institutions in a variety of roles at multiple locations in the U.S. and Denmark.

RICHARD MAGRANN-WELLS Product Sales Lead Adjoint Inc.

Richard Magrann-Wells is a lawyer and financial services professional with experience in insurance, finance, and trading. He as worked for Willis Towers Watson, Merrill Lynch, Citibank and Wells Fargo. He led a fintech practice, managed various capital markets teams and has written extensively on financial regulation. He leads product sales at Adjoint Inc., which empowers enterprises to achieve new levels of efficiency and control by delivering blockchain technology built specifically for the needs of the financial industry and their customers. With security and privacy at the core, Adjoint products are specifically designed to improve the reconciliation of data among employees, departments, and companies.

MODERATORS AND SPEAKERS


MARK OESTERLE Senior Vice President & Director of Federal Government Relations SunTrust Robinson Humphrey

Mark Oesterle is responsible for advising management with respect to federal legislative, regulatory and political matters which includes assessing the key interests of the financial institution and developing legislative and regulatory lobbying efforts designed to advance those interests. Additionally, Mr. Oesterle consults with the Lines of Business regarding new products and services to ensure political and reputational considerations are addressed. He also works with leadership to identify, develop and stand up community outreach programs that span the entire footprint of the organization. Finally, he provides briefings and political analyses to key clients and strategic partners. Immediately prior to working for SunTrust, Mr. Oesterle served as Counsel at the global law firm Reed Smith, where he provided legal, compliance and political advice to several different types of financial institutions. From 2001 to 2010, Mr. Oesterle served in various capacities on the staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, including as the Chief Counsel, Parliamentarian, and Deputy Chief of Staff. During this time, Mr. Oesterle was involved in every key issue that came before the Committee, including Sarbanes-Oxley, housing finance reform, deposit insurance reform, the financial crisis and the Dodd-Frank Act. Mr. Oesterle also served on the personal staffs of U.S. Senator Richard Shelby and Representative Fred Heineman. Mr. Oesterle received a B.A. from Fordham University in New York and a J.D. from the George Washington University Law School in Washington, D.C. He is married to Elizabeth Treanor Oesterle and lives with his wife and two children in Washington, D.C.

RUUD ROGGEKAMP Assistant Treasurer Corporate Finance & Banking The Boeing Company

Ruud Roggekamp is Assistant Treasurer for The Boeing Company. In this role, Ruud is responsible for capital structure strategy, debt and equity funding, dividend policy, board communications, Financial Assurance/Letters of Credit, investment and commercial banking relationships, rating agency relationships, fixed income investor relations, corporate and intercompany guarantees, business unit financings and Treasury financial planning & analysis. Ruud Joined The Boeing Company in 2001 from FMC Corporation, a $5 billion chemical and machinery conglomerate, where he worked since 1990 and was successively Assistant Treasurer, Director of Financial Planning and Analysis, and Controller of the Food and Transportation business. Before that, he worked at Fokker Aircraft in Amsterdam, The Netherlands and A.T. Kearney Management Consultants. Ruud, a chartered financial analyst (CFA) received his MBA from the Erasmus Rotterdam School of Management with a semester at Northwestern’s Kellogg School. He also earned his Master’s Degree in Aeronautical Engineering from Delft University of Technology in The Netherlands where has also obtained his private pilot’s license. Ruud serves on the board of trustees for the Financial Executives Research Foundation (FERF) and he serves on the executive board of the National Association of Corporate Treasurers (NACT). He is a member of Financial Executives International. Ruud resides with his wife and three children in the Chicago area.

HOLLY VERDEYEN, CEBS Senior Director Defined Contribution Strategy Russell Investments

Holly Verdeyen is responsible for the strategic direction and growth of Russell Investments’ U.S. institutional defined contribution (DC) business. Her primary focus includes partnering with the firm’s institutional consulting, sales, and client service groups to lead innovation in and create visibility for the DC segment. Additionally, she is responsible for promoting DC investment services, including default investments – target date collective trusts, custom target date portfolios and Russell Adaptive Retirement Accounts (ARA). Holly also shares Russell Investments’ perspective on trends in the defined contribution market while offering advice on best practices in institutional plan design. Holly joined Russell Investments in 2013 from UBS Global Asset Management, where she was a DC specialist in the Defined Contribution and Retirement Solutions group, focusing on investment solution support and client relationship management, as well as broad retirement solutions and guaranteed lifetime income. She joined UBS Global Asset Management in 2003 from Blackrock (formerly Barclays Global Investors), where she was in a business development role within the Defined Contribution Group.

Holly holds a B.A. from St. Norbert College and an M.B.A. from Northwestern University’s Kellogg School of Management. She is a Licensed Registered Representative holding FINRA Series 7 and 63 qualifications acting on behalf of Russell Financial Services, a member of FINRA. Holly is a member of the Economic Club of Chicago and serves on the Employee Benefit Research Institute (EBRI) Board of Trustees and the American Benefits Council’s Board Advisory Committee. Holly has attained the Certified Employee Benefits Specialist designation.

RAMON YI Senior Director Treasury Port of Houston Authority

Ramon (“Ray”) Yi is Senior Director, Treasury, for the Port of Houston Authority, with primary responsibility for cash, debt and investment management, banking and rating agency relationships, mitigating financial risk exposures, as well as oversight of pension and benefit finance issues. Ray has over 40 years of finance, accounting, credit, and risk management experience in a variety of industries, including the energy, healthcare and high-tech sectors. He has served as Vice President and Treasurer of large multinational corporations, including Transocean and Ensco, both oil and gas drilling contractors, as well as Sunrise Medical and Fresenius Medical Care, both manufacturers of medical devices and equipment, and Symbios, a manufacturer of semiconductor chips. Ray graduated cum laude from Harvard and earned an MBA degree with honors from Boston University. He holds the designation of Certified Cash Manager (“CCM”) and is a member of the Board of Directors of the National Association of Corporate Treasurers, where he serves on the Executive Committee and is the Immediate Past Chairman.

MODERATORS AND SPEAKERS


GENERAL INFORMATIONHOTEL INFORMATION

The 2018 NACT Fall Treasurers Conference will be held on Thursday, November 15, at the Hyatt Regency O’Hare, 9300 W. Bryn Mawr Avenue, Rosemont, IL 60018. The hotel is conveniently located 10 minutes from Chicago’s O’Hare International Airport and can be reached by free shuttles from the O’Hare International Airport Transportation Center.

A block of rooms has been reserved for conference participants at the special rate of $209 per night for a single, king guest room. Please make your room reservations directly with Hyatt Regency O’Hare by calling 847.696.1234 or 800.233.1234. Please be sure to identify yourself as attending the NACT meeting when speaking with a reservations agent. The cutoff date to receive the NACT room rate is October 23, 2018.

REGISTRATION INFORMATION

Registration is open to member and non-member treasurers. The conference registration fee includes meeting attendance, workshop/conference materials, lunch, and the opening/closing receptions. Special Note: Attending treasurers may also bring members of their staff to this meeting at the member rate.

MEETING REGISTRATION FEES

NACT Member $650.00

Non-Member $900.00

CANCELLATION POLICY

Cancellation of your meeting registration must be made in writing. Registration cancellations received at NACT headquarters office on or before October 15th will be entitled to a full refund. Cancellations received after October 15th are nonrefundable.


CORPORATE SPONSORSThe National Association of Corporate Treasurers gratefully acknowledges the following companies for providing corporate support to assist us in achieving greater education and communication among our members:


IF PAYING BY CREDIT CARD, YOU MAY FAX THIS FORM TO NACT AT 703-435-4390.

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NACT 2018 Fall Treasurers Conference November 14-15, 2018 Hyatt Regency O’Hare - Rosemont, Illinois

2018 fall - association of corporate treasurers · 4 2018 fall treasurers conference conference...

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