Strategies in Changing Global Markets

Global corporates are expanding their presence in Asia in search of growth. Along with opportunities, Asia presents a myriad of challenges such as uncertain macroeconomic outlook, volatility in currency and commodity markets, evolving regulatory and tax landscape. Technology is changing the way companies conduct business. In this context, CFOs and treasurers, and their banks and consultants, are looking to centralize their treasury functions to achieve better visibility, control and efficiency.

Thomson Reuters, in collaboration with The Asset, is pleased to invite you to join us for a morning forum to:
• Gain insight into trends in treasury market today
• Learn the latest development of Hong Kong as corporate treasury centres in Asia
• Hear from industry experts on major drivers, benefits, key challenges & strategies in centralizing treasury in Hong Kong

Please register to secure your seat.

TMA members can claim 2 CPT (TMA) credits after attending this event.

Supporting organizations:
       

Event information:

Date Thursday, 22nd June, 2017

Time 08:00am – 11:00am networking & coffee

Location Thomson Reuters, 18/F, ICBC Tower, 3 Garden Road, Central, Hong Kong

Agenda
 

08.00 AM Registration & light breakfast
09.00 AM Welcome remarks
Daniel Yu, Editor-in-Chief, The Asset
09.10 AM
 
Treasury market today
Centralization has been a long-standing trend among treasury functions regionally as well as globally. Given the current environment of uncertainty and volatility, the value of centralized policies and shared services is becoming more important than ever. What is the impact of changing regulations in Asia?  What’s the geo-political risk? And what can that mean for businesses and treasury? How can new trends such as FinTech and digital solutions transform treasury?
Pete Sweeney, Asia Editor, Reuters  Breakingviews
09.30 AM           
 
Hong Kong: Asia’s Premier Location of Corporate Treasury Centres
Sara Yip, Senior Manager, Market Development Division, HKMA
09.50 AM           
 
Panel: Treasury Centralization Strategies in Changing Global Markets
In today’s complex business environment, corporate treasuries are increasingly moving from a localized treasury operation to a regional structure. However, the capabilities and activities of a treasury centre may vary from case to case. How can centralization maximize treasury efficiencies and visibility across the business? What are the factors encouraging such a shift in treasury structure?
  • What are the major drivers, benefits and key challenges in centralizing treasury functions?
  • What strategies are treasurers employing to help with centralization?
  • How can centralizing treasury activities assist Chinese institutions to go global?
  • How can corporates decide which model of treasury structure (partial or full centralization) is best suitable for them?
  • What are the most important tools for managing FX in a treasurer’s toolkit?
  • How can corporates overcome the challenges of diverse local country risk and compliance requirements in a centralized treasury function?
  • Role of FinTech & digital
Moderator: Daniel Yu, Editor-in-Chief, The Asset
Panellists:
  • Sara Yip, Senior Manager, Market Development Division (External Department), HKMA
  • Allen Leung, Executive Member, IACCT/ Advisor, TMA
  • Kenneth Ng, Director and Corporate Treasurer, DFS Group
  • Jeff Kwan, Treasurer, MTR Corporation
  • Raj Melvani, Head of Market Development, Corporates APAC, Thomson Reuters
10.30 AM
 
Case Study: How to Use Technology to Centralize Treasury FX
Technology with its innovative tools seems to produce answers to treasurers’ ever-intensifying quest for better execution. How can Thomson Reuters FX solution fit into the customers’ centralization strategy? How can the solution offer better transparency and visibility to identify hidden FX exposures?
Patrick Chan, Head of FX Market Development, North Asia, Thomson Reuters
10.40 AM Q&A
11.00 AM Networking and coffee

 

About the speakers

Sara Yip, Senior Manager, Market Development Division (External Department), Hong Kong Monetary Authority (HKMA)

Ms Yip joined the Hong Kong Monetary Authority (HKMA) in 2006 and has served as a Senior Manager in the Market Development Division since June 2012. Ms Yip was responsible for promoting and enhancing Hong Kong's competitiveness as an international asset management center (with a special focus on Mainland-related financial institutions) between 2012 and 2016. Since September 2016, Ms Yip has taken up the role of promoting Hong Kong as a corporate treasury centre.

Prior to joining the HKMA, Ms Yip worked in both the banking and consulting fields, including over 3 years’ secondment to a major Hong Kong bank’s Mainland China branch. Ms Yip’s responsibilities ranged from market positioning and strategy formulation to business management and operation for various banking and Mainland related projects.

Patrick Chan, Head of FX Market Development, North Asia, Thomson Reuters

Patrick Chan is the Head of FX Market Development (North Asia) in Thomson Reuters and he is responsible to steer the overall FX strategies for the company in the region. Patrick is a member of “The American Institute of Certified Public Accountants” (AICPA) and a MBA degree holder. Prior to working in the Foreign Exchange market, Patrick commenced his career as a professional auditor with KPMG (Hong Kong). Patrick acquired deep understanding of the FX market and had extensive exposure in China during his services at Deutsche Bank AG and Standard Chartered Bank. Patrick also worked as a FX Market Specialist in Bloomberg and 360T before joining Thomson Reuters.

Jeff Kwan, Treasurer, MTR Corporation

Jeff Kwan is the group treasurer of MTR Corporation. He has been with the company for more than 20 years. In his current role, Kwan is responsible for financing and risk management activities, treasury operations and control. He oversees debt issuance, loan syndication, derivative hedging strategy and execution, documentation and compliance He also manages relationships with banks, fixed income investors and credit rating agencies. He deals with project finance and general funding for a subsidiary and associate companies in mainland China, Australia and Europe. He has been instrumental in setting up the company’s ‘value-at-risk’ based counterparty risk management system, cross-border renminbi cash pool as well as innovative and ground-breaking financing transactions such as the first corporate dim sum bond in Hong Kong in 2011, the longest (40 years) HK dollar bond in 2015 and the award-winning US$600 million green bond in 2016.

Prior to this, Kwan spent more than 10 years working for Hong Kong, US and Canadian banks. Kwan obtained his BBA from York University, MSc in finance from the University of British Columbia in Canada and a LLB degree from the University of London. Kwan is a chartered financial analyst.

Allen Leung, Executive Member, International Association of CFOs and Corporate Treasurers (IACCT)/ Advisor, The Corporate Treasury Development Working Group, Treasury Markets Association (TMA)

Allen Leung is currently the executive member of IACCT and the advisor for the corporate treasury development working group, TMA.

Leung has over 20 years of experience in banking and corporate treasury. He started his career as a bank treasury dealer, and then moved on to manage the centralized treasury centres of two US MNCs Owens Corning Asia Pacific and PPG Asia. He also worked at COFCO HK, a state-owned enterprise, as treasurer.

Leung has extensive treasury experience in financing, cash management, risk management and banking relationship. Leung, a CPA, holds bachelor degrees in computer science and business administration from York University, Canada and a master of applied finance degree from Macquarie University, Australia.

Raj Melvani, Head of Market Development, Corporates APAC, Thomson Reuters

Raj is the Head of Market Development for Thomson Reuter’s non-bank corporate business in Asia. Currently based in Singapore, Raj previously held various business development roles at Thomson Reuters in Hong Kong & Australia covering financial markets solutions & services to a wide number of global & regional banks, global Inter-Dealer Brokers (IDBs) & large corporates. His most recent role was Asia Business Development for FX workflow solutions. Prior to working at Thomson Reuters, Raj worked within the FICC business at a leading Australian investment bank. Raj holds an Engineering (Honours) & Science degree from a leading Australian university.

Kenneth Ng, Corporate Treasurer, DFS Group

Kenneth Ng is corporate treasurer of DFS group. Based in Hong Kong, he is responsible for global treasury functions including but not limited to club/syndication loan arrangement and cash, liquidity and forex risk management.

DFS group, a unit of luxury goods conglomerate LVMH, is the world’s leading luxury retailer to the travelling public. The group operates in 15 countries globally including the US, Europe, Middle East and a significant footprint across the Asia-Pacific region. While its global shared service centre operates in Singapore, DFS’ corporate headquarters including corporate treasury remain in Hong Kong.

DFS group received several industry awards for its corporate treasury functions, particularly for its foreign exchange risk management and benchmarking initiatives.

Pete Sweeney, Asia Editor, Reuters Breakingviews

Asia Editor Pete Sweeney joined Reuters Breakingviews in Hong Kong in September 2016. Previously he served as Reuters' chief correspondent for China Economy and Markets, running teams in Shanghai and Beijing; before that he was editor of China Economic Review, a monthly magazine focused on providing news and analysis on the mainland economy. Sweeney came to China as a Fulbright scholar in 2008, and in that role conducted research on the Chinese aviation industry and outbound M&A. In prior incarnations he helped resettle refugees in Atlanta, covered the European Union out of Brussels, and took a poorly timed swing at craft beer entrepreneurship in Quito even as the Ecuadorian currency collapsed (not his fault). He speaks Mandarin Chinese, at the expense of his Spanish.

Daniel Yu, CEO/ Editor-in-Chief, The Asset

Daniel Yu is the co-founder and editor-in-chief of The Asset magazine, which is published by Asset Publishing and Research group based in Hong Kong. The Asset is the leading finance publication for Asian corporates and global institutional investors active in the region. The magazine specializes in providing analysis and insight into how Asia’s leading companies raise and manage their capital, as well as the buying behavior of global institutional investors active in Asia and the Middle East.

Daniel conducts high-level interviews including with finance ministers, central bank governors, senior executives of banks, the academe, global institutional investors and the heads of Asia’s leading companies.
Prior to launching The Asset in 1999, he was part of the debut editorial team in 1989 for the launch of Asiamoney, the London-based Euromoney group’s Hong Kong based finance magazine. He eventually assumed the position of editor-in-chief before leaving to start The Asset magazine.

Daniel was also a finance writer, columnist and contributing editor in the financial pages of newspapers and magazines such as Euromoney, South China Morning Post, The Standard, World Paper and Business Day.

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