Agenda
October 5, 2004
7:45am - 8:30am
Registration & Alexander Hamilton Breakfast Roundtables
Past Alexander Hamilton winners host separate discussions on trends in cash management, corporate finance, credit risk management, financial risk management, insurance, retirement plans and technology. Join the table that's tackling the issues most important to your company.
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8:30am – 9:15am
Opening Address: Dennis D. Powell, Senior Vice President and CFO, Cisco Systems Inc.
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9:20am - 10:15am
FINANCIAL RISK MANAGEMENT PANEL
• Risk management strategies in a rising interest rate environment
• How scared should CFOs and treasurers be about further consolidation of the bank market?
• How complicated are the financial risk management problems posed by cross-border M&A?
Session Chairperson: John A. Hluck, Managing Director, Bank of America
• Rob Ceske, Chief Risk Manager, Corporate Treasury, General Electric Co.
• Chris Donus, Senior Manager, In-House Bank and Financial Risk Management, Lucent Technologies Inc.
• Amit Shroff, Director, Market Risk and International, Toyota Financial Services
• Brian Wenzel, CFO, Corporate Treasury, General Electric Co.
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10:15am – 10:30am
Networking Break
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10:35am – 11:25am
RETIREMENT PANEL
• Is it time to rethink DB/DC?
• Has there been a backlash from employees in the wake of the mutual fund scandals?
• Which investment strategies make the most sense in a rising interest rate environment?
Session Chairperson: Kevin J. Rochford, Managing Director, Global Sales and Client Servicing, Northern Trust Global Investments
• Greg Davies, Executive Director and Treasurer, AstraZeneca Pharmaceuticals
• Randahl Finnessy, Assistant Treasurer, Tektronix Inc.
• Mark Newman, Assistant Treasurer, General Motors Corp.
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11:30am – 12:25pm
FINANCIAL INFORMATION TECHNOLOGY PANEL
• How transparent are your systems?
• Is your best tool for cash flow forecasting a dartboard?
• How connected are treasury and finance with the rest of the organization?
Session Chairperson: Michael Poisson, Senior Vice President and Managing Director, SunGard Treasury Systems Inc.
• MaryAnn Fappiano, Managing Director, Head of Global Cash Management, Morgan Stanley
• William Marcial, Manager of Applications Development, General Electric Co.
• Terry L. Bowie, - Director, Financial Management Operations, Office of the CFO, U.S. Department of Education
• Fred Riedman, Director, Finance Information Technology, Microsoft Corp.
• Shivram Subramanian, Black Belt for Operations, General Electric Co.
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12:30am – 2:15pm
Luncheon Address: OVERALL EXCELLENCE AWARD
Session Chairperson: Dan Rosenstein, Managing Director, Head of US Corporate Sales, Deutsche Bank
• George Zinn, Vice President and Treasurer, Microsoft Corp.
• David Holland, Vice President and Treasurer, Cisco Systems Inc.
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2:25pm – 3:20pm
OPERATION RISK MANAGEMENT PANEL
• Can you identify all the operational risks you face when it comes to your people, process and technology?
• What is the potential impact of not having appropriate controls in place?
• Review of some real-world examples of the damage that can occur when your operational risk management is inadequate
Session Chairperson: Richard Borelli, Principal, Deloitte
• Mark McDonough, Assistant Treasurer, Merck & Co. Inc.
• Andrea Robertson, Senior Vice President and Treasurer, MasterCard International
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3:25pm – 4:25pm
CASH MANAGEMENT PANEL
• How good are you at assessing your working capital needs?
• The evolution of cards
• Has Sarbanes-Oxley uncovered holes in your cash management strategies?
Session Chairperson: David Cramer, Senior Vice President, VISA U.S.A. Inc.
• Navneet Govil, Assistant Treasurer, Sun Microsystems Inc.
• Timothy J. McDannold, Vice President and Assistant Treasurer, Diebold Inc.
• Robert Pedersen, Vice President and Treasurer, U.S. Postal Service
• Fred Schacknies, Director, In House Bank and Financial Risk Management, Lucent Technologies Inc.
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October 6, 2004
7:45am - 8:35am
Breakfast Case Study Discussion Groups
Join the 2004 Alexander Hamilton Awards winners and industry experts to discuss the state of the market by topic:
• Cash Management
• Corporate Finance
• Credit Risk Management
• Financial Risk Management
• Insurance
• Retirement
• Financial Information Technology
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8:45am - 9:40am
CREDIT RISK MANAGEMENT PANEL
• How integrated should your data network be with your suppliers?
• Are compliance questions a ticking bomb for your suppliers?
Session Chairperson: Deepak Verma, Chief Executive Office, eCredit
• David Kaminski, Chief Credit Officer, Microsoft Corp.
• Greg Oyhenart, Director of Credit Operations, TELUS Communications Corp.
• John Pomilio, Vice President, Customer Financing Services, XTRA Lease Inc.
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9:45am- 10:40am
INSURANCE PANEL
• What’s really important when picking an insurance carrier?
• How much terrorism insurance is too much?
• Will Sarbanes-Oxley improve corporate governance and have a positive impact on securities litigation?
Session Chairperson: John J. Alfieri, Regional Executive Officer, ACE USA
• John Lawson, Director, Risk Management, Key Energy Services Inc.
• Mark Nordstrom, Treasurer, Juniper Networks Inc.
• Stacey Regan, Deputy Treasurer, General Electric Co.
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10:40am – 10:50am
Networking Break
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11:00 am – 11:35am
“Point-Counterpoint on the Economy: The View from Washington vs. The View from Wall Street”
• Kristin J. Forbes, Member, The President’s Council of Economic Advisers
• Miles Cary Leahey, Director and Senior U.S. Economist, Deutsche Bank Securities
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11:35am – 12:30pm
CORPORATE FINANCE PANEL
• Debt strategies for a rising interest rate environment
• Will Sarbanes-Oxley hold back the M&A market?
Session Chairperson: Dennis Sweeney, Deputy Treasurer, General Electric Co.
• Robert Donovan, Assistant Treasurer, McDonald’s Corp.
• Norman Lee, Senior Treasury Manager, Microsoft Corp.
• David Wyshner, Executive Vice President and Treasurer, Cendant Corp.
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12:30pm – 2:30pm LUNCHEON SESSION: The First Annual Award for Best Practices in Corporate Governance
selected by Treasury & Risk Management
• Pat Wechsler, Editorial Director, Treasury & Risk Management
• Frank J. Borelli, Presiding Director, The Interpublic Group of Cos., Senior Advisor, Retired CFO and Director, Marsh & McLennan Cos. Inc.
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2:35pm – 3:30pm Q&A Session with Mick Murray, Treasurer and Vice President, Sun Microsystems Inc.
Speakers
Closing Remarks – Conference adjourns
Opening Address: Dennis D. Powell, Senior Vice President and CFO, Cisco Systems Inc.
An Afternoon of Q&A With: Mick Murray, Vice President and Treasurer, Global Financial Services, Sun Microsystems Inc.
Point - Counterpoint on the Economy
The View from Washington: Kristin J. Forbes, Member, Council of Economic Advisers
The View from Wall Street: M. Cary Leahey, Director and Senior U.S. Economist, Deutsche Bank Securities
Luncheon Speaker: Frank Borelli, Presiding Director, Interpublic Group of Companies
Conference Chairperson: George Zinn, Treasurer, Microsoft
• John J. Alfieri, Regional Executive Officer, ACE USA
• Richard Borelli, Principal, Deloitte & Touche LLP
• Walter Borst, Treasurer, General Motors Corp.
• Terry Bowie, Director, Financial Management Operations, Office of the CFO, U.S. Department of Education
• Rob Ceske, Chief Risk Manager, Corporate Treasury, General Electric Co.
• David Cramer, Senior Vice President, VISA U.S.A Inc.
• Robert Donovan, Assistant Treasurer, McDonald’s Corp.
• Chris Donus, Senior Manager, In House Bank and Financial Risk Management, Lucent Technologies Inc.
• MaryAnn Fappiano, Managing Director, Head of Global Cash Management, Morgan Stanley
• Randahl Finnessy, Assistant Treasurer, Tektronix Inc.
• Mark Gibbens, Vice President and Treasurer, Lucent Technologies Inc.
• Navneet Govil, Assistant Treasurer, Sun Microsystems Inc.
• David Holland, Treasurer, Cisco Systems Inc.
• David Kaminski, Chief Credit Officer, Microsoft Corp.
• William S. Kopey, Manager of Investments, AstraZeneca Pharmaceuticals LP
• Mark Lastner, Vice President, Audit and Control, Marsh & McLennan
• John Lawson, Director, Risk Management, Key Energy Services Inc.
• Norman Lee, Senior Treasury Manager, Microsoft Corp.
• William Marcial, Manager of Applications Development, General Electric Co.
• Timothy J. McDannold, Vice President and Assistant Treasurer, Diebold Inc.
• Thomas Moyer, Senior Manager, Finance, Lucent Technologies Inc.
• Mark Newman, Assistant Treasurer, General Motors Corp.
• Mark Nordstrom, Treasurer, Juniper Networks Inc.
• Greg Oyhenart, Director of Credit Services, TELUS Corp.
• Robert Pedersen, Vice President and Treasurer, United States Postal Service
• Michael Poisson, Senior Vice President & Managing Director, SunGard Treasury Systems
• John Pomilio, Vice President, Customer Financing Services, XTRA Lease Inc.
• Stacey Regan, Deputy Treasurer, Insurance, General Electric Co.
• Fred Riedman, Director, Finance Information Technology, Microsoft Corp.
• Andrea Robertson, Senior Vice President and Treasurer, MasterCard International
• Kevin J. Rochford, Managing Director, Global Sales and Client Servicing, Northern Trust Global Investments
• Daniel Rosenstein, Head of U.S. Corporate Sales, Global Cash Management Deutsche Bank
• Fred Schacknies, Director, In House Bank and Financial Risk Management, Lucent Technologies Inc.
• Subramanian Shivram, Black Belt, Operations Services, General Electric Co.
• Amit Shroff, Director, Market Risk and International, Toyota Motor Credit Corp.
• Dennis Sweeney, Deputy Treasurer, General Electric Co.
• Deepak Verma, CEO, eCredit
• John V. Wahr, Principal, Global Derivative Products, Bank of America
• David Wyshner, Executive Vice President and Treasurer, Cendant Corp.
Sponsors
Deutsche Bank
Overall Excellence Executive Sponsor
Deutsche Bank is a recognized leader in cash management and caters to the needs of a diverse client base. With its comprehensive range of innovative and reliable solutions, the Bank handles the complexities of global and regional treasury including:
• Customer Access
• Payment and Collection Services
• Liquidity Management
• Information and Account Services
• Electronic Bill Presentment and Payment Solutions
We are committed to service excellence and take the time to fully understand our clients’ unique challenges. Furthermore, Deutsche Bank is one of the truly global banks with local on-the-ground expertise in terms of sales, implementation and customer service. Leveraging a cohesive network, investment in technology, robust cash management solutions and a dedicated team, we fulfill clients’ requests for increased efficiency and state-of-the-art services.
Voted ‘Best at Cash Management’ in The Banker Investment Banking Awards 2002, Deutsche Bank provides customers with a clear competitive advantage in an ever-changing business environment. For more information go to
www.db.com
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Visa U.S.A
Cash Management Executive Sponsor
Visa is the world's leading payment brand and largest payment system, enabling banks to provide their consumer, corporate, government and merchant customers with the best way to pay and be paid. As a leading provider of commercial payment services and transaction information, Visa and its Member banks can help companies of all sizes build a flexible solution that promotes cost efficiency and financial control. Offering a suite of commercial payment options, Visa can help business owners and financial executives alike control their expenses related to procurement, travel and entertainment, fleet management, etc. Through the GSA SmartPay program, the United States federal government has become one of Visa’s largest customers, with over 24 million annual transactions conducted using Visa payment solutions. Visa also publishes The Visa Exchange, a quarterly newsletter reporting on the fiscal issues facing government agencies and their employees. Today, more than 14,000 U.S. financial institutions rely on Visa’s processing system, VisaNet, to facilitate over $810 billion in annual transaction volume – including more than half of all Internet payments. U.S. consumers carry more than 353 million Visa-branded smart, credit, commercial, stored value and check cards, accepted at approximately 22 million locations worldwide. Visa’s people, brand, partnerships and payment technology are helping to create universal commerce – the ability to conduct commerce anytime, anywhere and anyhow. Please visit our website for more information.
www.visa.com
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eCredit
Credit Risk Management Executive Sponsor
Since 1993, eCredit has delivered credit risk management and collections software and services to Fortune 1000 companies and financial institutions. The Company's flagship product, nFusion, is the most comprehensive Web-based credit and collections automation suite of applications available today. Offering credit and collections modules which can be utilized by themselves or in an integrated environment, eCredit nFusion improves credit and collections decision-making practices to deliver process efficiencies, optimized risk management, reduced operating costs, and increased revenues. Included among the Company's customers are ChevronTexaco, Cisco, CIT Group, Sun Microsystems, and Ryder System, Inc. Headquartered in Dedham, Massachusetts, eCredit is funded by Apex Venture Partners, Internet Capital Group (NASDAQ: ICGE), North Hill Ventures and Sterling Venture Partners. For additional information, visit eCredit on the Web at
www.ecredit.com
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Bank of America
Financial Risk Management Executive Sponsor
A recognized leader in liability management and balance sheet advice, Bank of America is one of the largest market-makers of financial risk management products in the world. The core of our issuer strategy is to optimize the capital raised by our clients. Our expertise in liability management and close association between origination teams ensures the optimal combined cash-plus-derivative structure.
Our corporate finance-driven approach to integrated derivative and capital raising solutions - together with superior execution and after-market support - earn us top rankings, including:
• #1 Overall Derivatives Dealer(1)
• #1 Best Balance Sheet Advice(2)
• #1 Written Market Commentary(2)
• #1 Interest Rate Swaps, Options(2)
• #1 Interest Rate Swaps Linked to Debt Issue(2)
We offer fast, efficient pricing and world-class execution for virtually any structure in any currency:
• Swaps
• Options
• Structured products
• Customized structures
Our goal is to help companies meet specific risk management and funding cost objectives with combined fixed income and derivative-based solutions taking into account overall financial goals, risk tolerances, risk correlations, and tax and accounting considerations. Backed by the financial strength of Bank of America, we are able to support financial transactions of all sizes and complexities. Please visit our website to learn more.
www.bofa.com
(1) Treasury & Risk Management Magazine
(2) Independent Research Consulting Firm 2003
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ACE USA
Insurance Executive Sponsor
At ACE USA, we’re more than an insurer; we’re a global network of professionals in insurance, underwriting, risk management, and claims. Together, we combine to make ACE USA a great underwriting company. As market leaders, we focus on our clients, building strong relationships by offering responsive service, and developing innovative products. We are committed to being the best in our industry to help our clients be the best in theirs. We concentrate on four key areas:
• Risk Management. We take a detailed, thorough approach to each risk to better understand the issues and concerns of each insured. This attention to detail means that we can tailor creative solutions that fit our clients’ specific needs.
• Stability. It’s our objective to be a stable player in what can sometimes be a volatile market.
• Market Leadership. We are driven to understand our customers’ emerging issues in order to proactively develop products that meet their needs.
• Service. We provide a full range of services for corporate accounts, striving to provide excellence in every aspect of the work we do for our brokers and clients.
Our key products and services include: Casualty Risk Financing, Directors & Officers, Professional Liability, Risk Management and Loss Control, International Casualty, Umbrella/Excess, Environmental, Accident & Health, Marine, Captives and many more.
ACE USA Ratings as of June 30, 2004
Agency/Financial Strength S&P/A+ AM Best/A Moody’s/A2 Fitch/A+
ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE: ACE). For more information, visit
www.ACE-INA.com
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Deloitte
Operational Risk Executive Sponsor
Deloitte, one of the nation’s leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel.
Our Treasury Services practice is a global resource of treasury and risk management services for corporate, financial, and government entities. Our professionals are experts in their respective fields and partner with you to navigate the ever-changing economical, environmental, and technological landscapes you contend with daily.
At Deloitte, our approach is straightforward: optimize the efficiency, consistency, effectiveness, and accuracy of your treasury operations in a secure, comprehensive environment. To that end, we have conceptualized our scalable Treasury Services in three key focus areas: Organization, Process, and Technology: Organization: Is your treasury operation best served in a centralized or decentralized configuration? How efficiently does treasury communicate with its internal partners, if at all? Are the appropriate controls in place?
Process: How does your treasury function measure up to industry standards? Are you operating in compliance with all current regulatory requirements across all regions? Are you optimizing your investments and minimizing funding costs?
Technology: Have you incorporated the latest technologies to enable the most efficient and accurate practice? Are many manual processes utilized throughout your treasury operation and what are the inherent risks associated with these processes? Are you operating in a consistent, stable, and secure environment?
Our comprehensive solution sets effectively provide value around: vendor/systems selections (treasury, risk, financial, etc.), operations design, bank relationship management, best practice reviews, financial/operational risk and control assessments, global cash management, asset/liability management, regulatory compliance, and all associated facets of treasury
Now more than ever, financial professionals within treasury are consulted for and participate in enterprise-wide strategic decision making processes. Deloitte presents the resources with the extensive breadth of expertise across all treasury-related disciplines to help you achieve your company’s goals and strategies.
"Deloitte" refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting LLP) and subsidiaries. Deloitte is the US member firm of Deloitte Touche Tohmatsu.
www.deloitte.com/us/treasury
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Northern Trust
Retirement Executive Sponsor
Founded in 1889, Northern Trust is a leading fiduciary, delivering asset administration, custody and management services to institutional and personal clients worldwide. Our core products focus on quality and capability by producing processing efficiencies and scale in major and emerging markets. As one of the largest and fastest growing investment managers, Northern Trust Global Investments offers a full range of investment solutions and careful risk management.
www.northerntrust.com/
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SunGard Treasury Systems
Technology Executive Sponsor
SunGard Treasury Systems is a leading supplier of comprehensive treasury management solutions and the provider of eTreasury eXchange. Our solutions offer sophisticated Internet/intranet-based currency, commodity, instrument trading and risk management, while integrating robust cash management and accounting functionality within a single environment. STS solutions provide a secure, real-time link between our clients/subscribers and financial institutions and other treasury service providers offering the straight-through processing of treasury transactions and information.
www.treasury.sungard.com
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BlackRock
Silver Sponsor
Recognized as one of the world’s leading asset managers, BlackRock has grown from a boutique investment management firm founded in 1988 to an established investment advisor and a premier provider of risk management services. BlackRock offers fixed income, liquidity, equity, alternative investment and risk management products to corporate and public pension plans, insurance companies, banks, mutual funds, endowments, foundations, nuclear decommissioning trusts, corporations and individuals worldwide.
• Eighth-largest institutional asset manager worldwide
• Nine of 10 largest US companies are BlackRock clients
• Oversee $2.3 trillion in risk assets under management
• Named Fixed Income Manager of the Year in 2002 by Global Pensions Magazine
• Awarded Global Investor magazine’s Award for Investment Excellence for US Bonds in 2002
• Named Asset Management Risk Manager of the Year in 2000 by Risk magazine
Approximately 800 professionals worldwide with offices in Boston, Edinburgh, Hong Kong, New York, San Francisco, Tokyo and Wilmington Contact: John Moran, Managing Director 800-768-2836
www.blackrockfunds.com
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ICG
Silver Sponsor
In today’s dynamic and competitive economy, organizations are constantly challenged to improve financial performance. Executives will frequently look to “back-office” operations as a source of cost reductions to improve the bottom line, either through process efficiencies or improvements in working capital. Organizations have invested heavily in technology and enterprise application suites to streamline financial and accounting functions and provide increased financial visibility. Despite these improvements however, organizations are still saddled with high costs associated with back-office, process intensive operations.
ICG Consulting specializes in providing working capital solutions through “best practice” process consulting, centralization consulting to assist financial and accounting operations, and implementation of enabling technologies to support financial objectives and audit requirements. ICG brings extensive business process and technical expertise on Financial, Accounting and Administrative processes including Accounts Payable, Accounts Receivable, Cash Management, Credit & Collections, Sales & Use Tax processing, and Rebate Administration, to name a few. ICG Consulting can help your organization optimize working capital by:
• Centralizing Process Intense Financial/Accounting Functions
• Evaluating and Improving Operational Performance
• Increasing Productivity in the Finance Department and Remote Users Embedded in the Process
• Improving Quality
• Making Financial Data Available Earlier in the Process
• Decreasing Cycle Times
• Improving Service Delivery to Vendors, Customers and Business Units
• Increasing Audit Controls & Reporting of Financial, Tax & Accounting Transactions
To meet the challenges businesses face and deliver improved controls ICG Consulting focuses on Financial & Accounting processes to provide significant cost reductions, and measurable Return-On-Investment. The results have been substantial working capital increases at companies like Duke Energy, Kraft Foods, Bank of America, Ecolab and many other leading corporations.
www.icgconsulting.com
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FEI
Endorsing Organization
Financial Executives International (FEI) is the leading advocate for the views of corporate financial management. Its 15,000 members hold policy-making positions as Chief Financial Officers, treasurers and controllers.
FEI enhances member professional development through peer networking, career planning services, conferences, publications and special reports and research. Members participate in the activities of 86 chapters, 75 of which are in the United States and 11 in Canada.
FEI’s technical committees study national and international issues of importance to the corporate financial community and recommend courses of action. Major committees include: Benefits, finance and information technology, corporate finance, government, business corporate reporting, privately and closely held companies, taxation.
FEI was founded on December 31, 1931 as the Controllers Institute of America. The expansion of responsibilities of the financial executive into policy-making areas led it to change its name to Financial Executives Institute in 1962.
On November 6, 2000, FEI officially changed its name to Financial Executives International, and opened up its membership to financial executives from around the world.
www.fei.org