2. Who’s WhoGlobal Finance’s annual list of Who’s Who in Treasury & Cash Management
ABN Amro (Netherlands)
Karin Kersten
Managing director, transaction banking
Kersten sets the bank’s global vision on transaction bank-
ing. She handles product management, sales, services and business
management/transaction banking. She is a frequent speaker at confer-
ences, with a focus on payment disruptions.
Agilent Technologies (US)
Guillermo Gualino
Vice president and treasurer
Gualino is responsible for managing supply chain finance
programs with technology and bank platforms. Prior to joining S&P 500
biotech firm Agilent in 2011, he was assistant treasurer at Flextronics
International. He is a market leader on corporate supply chain finance
and dynamic discounting programs.
Amazon (US)
Kurt Zumwalt
Treasurer
Zumwalt handles global capital markets, foreign currency
hedging, leasing, bank relationships, insurance, the fixed income port-
folio and cash management at the online retail powerhouse. He was
crucial in scaling Amazon’s treasury operations as it underwent rapid
growth. He previously worked at Microsoft and Intel, among others.
Anadolu Efes (Turkey)
Cicek Usakligil Ozgunes
Investor relations & treasury director
Ozgunes worked for Prudential Securities in the US and
Deniz Portfolio Management in Turkey before joining beverage company
Anadolu Efes in 2005. In March 2015, she was appointed to her current
position as investor relations and treasury director. Anadolu Efeshas a
market capitalization of $12.5 billion.
ANZ (Australia)
Carole Berndt
Managing director, global transaction
banking, international & institutional banking
Berndt joined ANZ in May 2015, and has accountability for transaction
banking products, channels and sales for all customer segments. She
is a 20-year veteran of the financial services industry, and is viewed as
a leader in innovation within the field. She previously worked for RBS,
Bank of America Merrill Lynch and Citi.
Arup (UK)
Richard Abigail
Group treasurer
Abigail joined Arup, the engineering consultancy, in 2002.
Arup has offices in 42 countries and has participated in engineering
projects in more than 160 countries worldwide. Abigail redesigned the
group treasury and liquidity management structure to reduce borrowing
costs. Arup was one of the first firms to include renminbi in an offshore
multicurrency notional pool based in the UK.
Bank of America Merrill Lynch (US)
Ather Williams
Managing director and
head of global transaction services
Williams is responsible for the delivery of financial solutions—includ-
ing, among other things, payments and receivables and supply chain
finance—to the firm’s large corporate, public-sector banking, middle-
market and small-business clients. Williams joined the company in
September 2011 and was previously at JPMorgan Chase.
Barloworld (South Africa)
Raven Moodley
Group treasurer
Moodley is responsible for liquidity management, treasury
risk management, reporting and debt covenant management, as well
as global bank relations. He joined the JSE 100 (South Africa’s big-
gest companies) firm from Barclays Africa. He previously held posts at
Standard Bank Africa—while it was aggressively expanding across the
region—and KPMG.
British American Tobacco (UK)
Daniel Wong
Head of global treasury operations
Wong joined British American Tobacco as a manage-
ment trainee in Singapore and started at treasury in 2007. He has led
a number of major change initiatives: consolidating dealing globally,
implementing a global multicurrency notional pool, redesigning BAT’s
hedging strategy and implementing a single instance of SAP globally.
BD
John Gallagher
Vice president, corporate finance,
controller & treasurer
Gallagher oversees business planning & analysis, controllership and
treasury activities. Prior to joining BD, John spent the majority of his
career at GE and Ford Motor in a variety of financial leadership posi-
tions across treasury, financial planning & analysis and controllership.
BHP Billiton (Australia/UK)
Stewart Cox
Vice president, treasury operations
Cox oversees BHP Billiton’s global market operations. His
responsibilities encompass liquidity and investments, transactional bank-
ing, interest-rate and foreign exchange management and settlements
and controls. He has been with BHP Billiton for 15 years.
BMO Financial Group (Canada)
Andrew Irvine
Head of North American treasury
and payment solutions
Irvine joined BMO Financial Group in 2008 as head of North American
integrated channels, before taking up his current role as head of treasury
and payment solutions for North America in January 2013. He has held
posts at Merrill Lynch, Crédit Agricole CIB, Lycos Europe and McKinsey.
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3. DBS (Singapore)
Navinder Duggal
Managing director, global transaction
services
Duggal has spent the past 13 years at DBS Bank. He oversees pay-
ments and collections, liquidity management products and electronic
delivery channels used by the bank’s corporate clients. Duggal has led
the development of DBS’s cash management capabilities, including the
corporate Internet and mobile banking platform IDEAL 3.0.
Deutsche Bank (Germany)
James Volkwein
Managing director and head of trade finance
& cash management for corporates, global
transaction banking, Americas
Volkwein has grown the segments under his remit by 30% since taking
over the post. Before taking on his current post, Volkwein was global
head of private placements, global COO of debt capital markets, and
co-head of corporate coverage in capital markets & treasury solutions,
North America. He has worked at Barclays Capital and Merrill Lynch.
Deutsche Telekom (Germany)
Gerhard Mischke
Senior vice president, treasury
Mischke joined Deutsche Telekom in 2000 as group trea-
surer. Prior to that, he held various positions with Germany’s Haniel
Group, starting in the treasury department of Haniel Duisburg. He also
held posts in Oklahoma City and Stuttgart and was group CFO at
subsidiary GEHE Pharma Handel in the UK.
DP World (UAE)
Girish Shenoy
Director group treasury
Shenoy holds overall responsibility for all financing within the DP World—
one of the world’s largest port operators. He manages funds, FX and
interest rate exposure. Before joining the treasury team, he worked in
a range of finance functions within the company.
Ecobank (Togo)
Patrick Gutmann
Group head, transaction services
Gutmann is responsible for the cash and liquidity man-
agement and trade finance businesses, as well as the corporate elec-
tronic channels. Prior to this, he headed global transaction services at
Commercial International Bank in Egypt. He has successfully developed
Ecobank’s multigeography transaction banking business strategy.
Eurobank (Greece)
Eleftherios Vlachogiannis
Head of corporate transaction banking
Vlachogiannis is responsible for strengthening and develop-
ing the bank’s cash management and trade finance book of business in
the Greek market. Before joining Eurobank, he worked for Citi in various
client-facing roles in transaction banking services across various markets
(Greece, UK, Nordic countries and the Netherlands.
Femsa (Mexico)
Leonardo Salido
Corporate treasurer
Salido joined Femsa in 2000 and is responsible for invest-
ing Femsa’s liquidity, as well as the company’s pension fund and the
employees savings and loans fund. He also oversees financing, foreign
currency and interest-rate risk management, and global bank and rating
agency relations.
BNY Mellon (US)
Anthony Brady
Global head, business strategy & market
solutions, BNY Mellon treasury services
Brady oversees the product management, product development, seg-
ment management, and strategic planning functions for the business,
driving new product innovation. He leads BNY Mellon’s efforts to assess
the impact of disruptive technology and alternative currencies on tradi-
tional global payments business models.
CA Technologies (US)
Navneet Govil
Senior vice president & CFO, enterprise
solutions
Govil joined CA Technologies in December 2012 and has led CA’s trea-
sury, corporate business development, pricing and business unit finance
functions. He provides financial stewardship for three software busi-
nesses: Security, DevOps, and Management Cloud. Govil has worked
for, among others, SunPower, Sun Microsystems and Hewlett-Packard.
Campbell Soup (US)
Ashok Madhavan
Vice president, treasurer
With over 20 years of corporate treasury experience,
Madhavan has held positions of increasing responsibility at the corpo-
rate treasuries of Atlantic Richfield, PepsiCo and Bristol-Myers Squibb.
He holds a BS degree in electrical engineering from the Massachusetts
Institute of Technology and an MBA from Dartmouth College.
CIB (Egypt)
Rafik Madkour
Deputy CEO institutional banking & group
treasurer
Madkour is the treasurer of CIB Foundation, a board member of
Commercial International Asset Management and chairman of the Tariff
Committee. He is responsible for managing the balance sheet of the
bank to maximize return on equity. He also manages the overall liquidity
of the bank and ensures profitability, growth and market share.
CIBC (Canada)
Phil Griffiths
Senior vice president and head, global
transaction banking
Griffiths is responsible for establishing the strategic direction for the bank’s
business payments, deposits, cash management and trade finance busi-
nesses, digital channels and the business contact centers. He joined CIBC
in 2011 after working more than 25 years at Scotiabank.
Citi (US)
Ebru Pakcan
Global head of payments and receivables,
treasury and trade solutions
Pakcan oversees the development of payment and cash management
solutions to meet the evolving needs of clients across all institutional seg-
ments. Her business line is the largest fee-and-total-revenue contributor
to TTS. She is a frequent speaker at industry conferences.
Crédit Agricole (France)
Etienne Bernard
Global head of transaction banking
Bernard joined the bank in June. His career spans over 25
years in transaction banking, including a range of senior roles for several
various management positions within RBS. He has also held posts at
ABN Amro, Citi, Deutsche Bank and Societe Generale.
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4. Ferguson Enterprises (US)
Brenda Crowder
Treasurer
Crowder is responsible for cash management, including
disbursements, lockbox, electronic receipts and local deposits for over
1,300 locations in the US, Trinidad, Panama, Barbados, Canada and
Mexico. She previously worked for nView as corporate controller. She
is an active member of the Association for Financial Professionals and
has served on the advisory boards of various banks.
Fibria (Brazil)
Marcelo Habibe
Corporate treasurer
Habibe, the corporate treasurer of pulp company Fibria, is
responsible for cash management, funding, trade services, insurance
and risk management activities. He has worked for Vale, Embratel and
Brookfield. Fibria was created through a leveraged buyout in 2009.
Habibe restructured the company’s debt profile, exchanging 55% of
existing debt ($4 billion) in one year.
Fifth Third Bancorp
John Bultema
Executive vice president, treasury manage-
ment and currency processing solutions
Bultema joined Fifth Third Bank through the acquisition of Old Kent
Bank in 2001. He is responsible for the successful implementation of the
bank’s Currency Processing Solutions suite, a holistic managed service
platform that leverages smart, safe recycling technology to streamline
the cash management function. CPS was awarded a patent in 2014.
Gilead Sciences (US)
Brad Vollmer
Treasurer
Vollmer has global responsibility for cash management, for-
eign exchange, stock plan services and risk management. He oversees
a team responsible for managing, among other things, Gilead’s capital
structure and foreign exchange risk. Vollmer has held positions at Sun
Microsystems, Hewlett Packard and Franklin Resources.
Gold Fields (South Africa)
Cindy Sieberts
Group treasurer
Sieberts is responsible for the success and overall strate-
gic direction of the treasury team. She has oversight of liquidity manage-
ment for Gold Fields’ South African operations, bank facility negotiation
and derivatives hedging. Additionally, she actively contributes to the
profit margin of the company by trading gold and FX in the spot markets.
She joined Gold Fields in 2003.
HDFC Bank (India)
Bhavesh Zaveri
Head, operations and
cash management product
After a stint with Barclays, Zaveri joined HDFC Bank in 1998. Since
2011, Zaveri has held responsibility for all treasury operations of HDFC.
Under his leadership, the bank has built a strong Internet-based platform
for trade finance and cash management. Recently, Zaveri led the launch
of Trade Finance on Mobile—the first such app by an Indian bank.
HSBC (UK)
Diana Reyes
Group general manager, global head of
payments and cash management
Reyes is responsible for over 80 products and services offered to large
and middle-market corporates, financial institutions and governmental
organizations. Reyes currently represents HSBC on the Payments Risk
Committee of the Federal Reserve Bank of New York. She is also a senior
sponsor for the diversity program within HSBC’s Global Commercial Bank.
ING (Netherlands)
Mark Buitenhek
Global head of transaction services
ING transaction services is a core growth area for ING
Commercial Banking. Previous to his appointment in 2014, Buitenhek
was responsible for setting the overall business architecture, managing
the extensive product portfolio and defining new products and services.
He has more than 25 years of experience in banking. He chaired the
Dutch Steering Committee on the introduction of SEPA.
J.P. Morgan (US)
Jeff Bosland
Managing director, head of treasury services
Bosland has responsibility for the sales, product, client
service and implementation teams globally, as well as oversight of
operations, technology and functional partner teams. He is a member
of the corporate & investment bank’s operating committee. He joined
J.P. Morgan in 2005. Bosland started his career at Salomon Brothers
in 1988 and spent nearly a decade at Bankers Trust.
Maybank (Malaysia)
John Wong
Managing director, group head,
transaction banking, global banking
Wong joined Maybank in May 2010. He manages the transaction bank-
ing division—comprising five distinct and interlinked business units:
cash management, trade & supply chain financing, securities services,
financial institutions and structured trade & commodities finance. Prior
to joining Maybank, Wong held various positions at Standard Chartered.
Nexen CNOOC (Canada)
Lyn Decker
Corporate treasury manager
Decker has been with Nexen for 17 years in various roles,
including international accounting, corporate accounting, economics
and planning and treasury. She is a board member for AFP Calgary
and a speaker at industry events. in 2013, Decker restructured the
firm’s reporting protocol with a focus on cash forecasting, funding and
banking operations.
Nordea (Sweden)
Erik Zingmark
Head of cash management and
deputy head of transaction products
Zingmark comes from the corporate world—having been group cash
manager at Skanska before moving into banking. He built ABN Amro’s
cash management franchise in Sweden and Finland. Zingmark previ-
ously held roles at SEB, Danske and N&G Financial Management.
Occidental Petroleum Corporation (US)
James Holtz
Assistant treasurer
Holtz previously held posts at American Honda Finance,
Ultramar, and the University of Southern California. In his current role,
Holtz has enacted a global consolidation of treasury services across
20 countries and guided the restructuring and relocation of treasury
after a divesture.
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5. RBS (UK)
Anil Walia
Global head, supply chain finance
Walia’s career has spanned more than 30 years. He is an
influential lecturer on mathematics and financial management and a
leading contributor to the global supply chain finance knowledge pool.
He joined ABN Amro in 2002. Prior to that, he held posts with, among
others, Chase Manhattan and the State Bank of India.
Reliance Industries (India)
Soumyo Dutta
Treasurer
Dutta is responsible for management of currency and inter-
est rate risk of the corporate balance sheet. He is also responsible for
delivering target returns on the investment portfolio and working capital
management. He has been an active member of several working groups
and market-reform committees constituted by the Reserve Bank of India
and the Securities Exchange Board of India.
RTL Group (Luxembourg)
François Masquelier
Senior vice president, head of corporate
finance, treasury and enterprise risk
management
Masquelier joined RTL in November 1997. He previously worked
for Eridania Béghin-Say and ABN Amro. He holds a PhD in tax law.
He is honorary Chairman of the European Association of Corporate
Treasurers and a member of the financial instrument working group of
the International Accounting Standards Board.
SAP (Germany)
Steffen Diel
Senior vice president
and head of global treasury
Diel is responsible for all treasury activities of the group—including cash
management, corporate finance and financial risk management. He
joined SAP in 2006 as head of treasury finance. Prior to joining SAP, Diel
was head of finance and treasury at a publicly traded German mid-cap
automotive supplier. He began his career at Deutsche Bank.
Smith & Nephew (UK)
Tim Allison
Group treasurer
Allison joined FTSE 50 medical devices company Smith
& Nephew in 2012. He held previous posts at United Utilities, Coats
Viyella and RMC Group. In 2005 he took over as group treasurer at IT
services group Logica before taking up his current role as treasurer at
Smith & Nephew.
Teva Pharmaceutical Industries (Israel)
Eran Ezra
Senior vice president, head of global
treasury, insurance and risk management
Ezra joined Teva in 1994, the year it was founded, and has been the
group treasurer since 2009. He has led the centralization of global trea-
sury operations into three regional treasuries, implemented a treasury
management system and launched a global cash pool and netting
solution.
Tiffany (US)
Michael Connolly
Vice president, treasurer
Connolly has been with Tiffany & Co for over 26 years. His
primary areas of responsibility include treasury operations, financial risk
management, credit, payments fraud, insurance and business continu-
ity. He is also a member of the Tiffany & Co. retirement plan, incident
management, and business continuity committees. Connolly recently
served on the board of the Association for Financial Professionals.
TPG Global (US)
Steve Willmann
Treasurer
Willmann is responsible for day-to-day global cash man-
agement activities, safekeeping of the firm’s public and private equity
portfolio, foreign exchange activities of the firm and funds, counterparty
risk management, the internal investor services functions, financing
activities of the firm and its funds and general bank relationship man-
agement. Prior to joining TPG in 2007, he worked at JPMorgan Chase.
U.S. Bank (US)
Jeffery Jones
Executive vice president and manager, U.S.
Bank global treasury management group
Jones is responsible for treasury management, working capital optimiza-
tion and international trade solutions. Under his leadership, his group
has received industry accolades for quality and excellence. Jones has
been with U.S. Bank since 1983. Previously, he served as director of
Nacha and is a regular speaker at industry events.
UniCredit (Italy)
Markus Straußfeld
Head of international
cash management sales
Straußfeld is responsible for cash management and e-banking for multi-
national corporates in Europe, the US, Asia and EMEA. He has previously
held positions in cash management at WestLB and Commerzbank. The
chairman of the board of the IBOS banking association and a member of
various SWIFT modeling groups, he regularly speaks at industry events.
Vodafone (UK)
Phil Scott
Deputy treasurer, head
of capital markets & FX
Scott leads the capital markets, FX and risk management team within
group treasury. He joined Vodafone in 2001 and initially managed the
treasury conversion from UK GAAP to IFRS. Scott sits on the investment
committee of Vodafone’s captive insurance companies and is a member
of CIMA and the Association of Corporate Treasurers.
Wells Fargo (US)
Secil Watson
Executive vice president, head of wholesale
Internet solutions
Watson joined Wells Fargo in 2002. Prior to that, she was head of the
financial services portal for a leading e-learning company. She was also
a management consultant for Fortune 500 companies in telecommu-
nications, banking and healthcare. Under her leadership, Wells Fargo
has been recognized as an innovator in treasury and online banking.
Wolters Kluwer (Netherlands)
George Dessing
Senior vice president, treasury & risk
Dessing is responsible for global treasury, risk manage-
ment and business continuity at Wolters Kluwer, where he has worked
since 1997. He previously worked for Nethold Finance in the FilmNet
Group. A board member of the Dutch Association of Corporate
Treasurers, Dessing oversaw the expansion of the firm’s treasury func-
tion to include insurance, operational risk management and pensions.
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