Diversity & InclusionFP&AThe NeuGroup Insights Interview
March 2, 2023

A Finance Leader Balances Work, Family and Helping Other Women

In two video clips, General Mills’ Emily Backstrom shares her experience juggling work and family and describes General Mills’ Women Across Finance program. March is Women’s History Month and NeuGroup is recognizing the achievements, challenges and experiences of successful women in finance. Below you’ll find two video clips with insights from Emily Backstrom, vice president for corporate finance at General Mills. She has worked at the company for more than two decades; today, she oversees enterprise FP&A, financial capabilities and systems,…
RegionalTechnology
March 2, 2023

How Finance Creates Better Partnerships With Business in Asia

Lessons from finance leaders at NeuGroup meetings in Singapore highlight success factors for business partner roles.By Joseph NeuHow to navigate finance-business partner roles and related activities in Asia—where they really matter—emerged as an underlying theme at NeuGroup meetings in Singapore last week. Here are a few of my takeaways from lively discussions with finance leaders ranging from regional treasurers to CFOs. Translator applications. “We are a translator for global corporate strategy and business conditions in each of the regional markets,” explained…
Capital MarketsESG
February 23, 2023

How GM Treasury Drives the Company to a Sustainable Future

GM’s aims for carbon neutrality by 2040 will rely on treasury’s contributions—from acquisitions to green bonds. Treasury at General Motors is playing an active role and working closely with the business as the automaker moves away from producing vehicles with internal combustion engines (ICE) and pushes deeper into manufacturing electric vehicles (EVs). Speaking at the pilot session of NeuGroup for Auto and Transportation, GM assistant treasurer Gustavo Vello described how treasury is helping the automaker achieve its strategic goals. Gustavo…
Capital MarketsCash InvestmentsDiversity & InclusionThe NeuGroup Insights Interview
February 23, 2023

Empowering Diversity in Finance: Views From Two Women Bank Execs

Loop Capital’s Sidney Dillard and Sobani Warner of Siebert Williams Shank discuss their careers, working at Black-owned firms, the role of D&I coordinators and more. Many multinational corporations in recent years have increased their commitment to hiring banks, brokerage firms and asset managers that are owned by members of minority groups—so-called diverse-owned firms. NeuGroup is committed to learning and sharing more about these firms, the people who run them and the value they bring to corporates in capital markets transactions…
BankingCash & Working CapitalRegional
February 23, 2023

A Year of War, Sadness and Confronting Challenges Together

Finance teams come together to overcome obstacles amid sanctions, countersanctions and the exodus of banks from Russia. By Paul Dalle Molle, NeuGroup Senior Executive Advisor This week’s one-year anniversary of Russia’s invasion of Ukraine is a sad moment, knowing as we do that the war is raging on with no signs of ending. It also reminds us that the conflict really began in 2014 with Russia’s annexation of Crimea and the war in Donbas. It has been almost a decade of…
Capital MarketsInvestment Management
February 16, 2023

Strengthening Bonds With Fixed-Income Investors Pays Dividends

A strong commitment to fixed-income investor relations in good times helps one company prepare for rough patches. Say “investor relations” and most people immediately think of equity investors. But not the director of capital markets at a large manufacturer that has more than $100 billion outstanding in unsecured, asset-backed and convertible debt—and who has two team members dedicated solely to fixed-income investor relations (IR). At a fall meeting of NeuGroup for Capital Markets sponsored by Deutsche Bank, the director described his company’s…
Diversity & InclusionThe NeuGroup Insights Interview
February 16, 2023

Treasury’s DEI Opportunity: Partnering with Diverse-Owned Firms

Insights from Loop Capital’s Sidney Dillard and Siebert Williams Shank’s Sobani Warner. NeuGroup’s Strategic Finance Lab Podcast—available on Apple and Spotify—will bring you an interview next week about the progress made by diverse-owned banks, brokers and asset managers. It features Sidney Dillard, partner and head of corporate investment banking at Loop Capital, and Sobani Warner, co-head of corporate finance at Siebert Williams Shank (SWS). The two firms are among the top Black-owned financial institutions in America. Hit the play button below to watch a video…
Technology
February 16, 2023

Touched Less, Not Touchless: Bringing Automation to Life

Finding key parts of processes to automate can make automation more achievable than end-to-end automation. AI chatbots like ChatGPT and Google’s Bard may conjure up a limitless future of so-called touchless, automated processes that require no human intervention. But for corporates limited by the budgets and sizes of IT teams, end-to-end process automation is often an unrealistic goal. So some NeuGroup members are embracing “touched less” solutions—adopting a mindset that can go a long way toward making automation more achievable.…
Cyber riskInsuranceRisk Management
February 9, 2023

Ray of Hope: Cyber Catastrophe Bonds May Boost Insurer Capacity

The first cyber cat bond could spell some relief for corporates navigating a hard market for cyber insurance. Corporate treasurers and risk managers whose companies face ever-increasing cyber risk may soon have a new tool to discuss with brokers and insurers as they build insurance towers and navigate the hard, capacity-strained market for cyber coverage: catastrophe bonds. Last month, U.K. insurer Beazley sold $45 million in cyber cat bonds, the first deal of its kind—following more than a decade of discussion about…
D&IInvestment Management
February 9, 2023

Investing in Diversity: D&I Performance Metrics in Action

A NeuGroup survey shows treasury prioritizes risk management and performance against a benchmark when evaluating diverse-owned firms.Eighty-six percent of respondents to NeuGroup’s D&I Financing and Asset Management Survey do not have a formal D&I policy, but 54% work within informal guidelines. Regardless of approach, the overall investment policy requires that treasury apply performance metrics when it selects external managers for investment of cash and evaluates their success over time. The survey reveals treasury applies the same performance measures to diverse-owned investment…