NeuGroup News

Following a Netflix webinar last week sharing their initiative to support and build Black communities, NeuGroup brought members together for a Virtual Interactive Session this week on Corporate Finance and Treasury Actions in Support of Racial Justice and Equity. We have heard considerable interest from member companies in building on their D&I, ESG (Social) and CSR initiatives to support Black stakeholders and Black communities more broadly. In reaction to this, we brought treasurers and other finance leads together virtually to:…

In our second Virtual Interactive Session this week, Societe Generale sparked member interest in the state of fiscal and monetary policy in the wake of Covid-19 and how this will play out for rates and FX management. Albert Edwards, global strategist at Societe Generale, kicked things off with his not-the-House-view remarks on the Japanification of the US and its implications for deflation (he sees a rising risk of it for now) and the dollar (declining). Unprecedented Fed intervention directly into…

In our latest members-only Virtual Interactive Session today, NeuGroup connected members of our Global Cash and Banking Group with select members from across the NeuGroup Network and HighRadius. The objective was to share and learn how to navigate volatility with artificial intelligence and improve both cash forecasting and automation during this crisis. What’s a Virtual Interactive Session? A virtual interactive session (VIS) is a distilled version of a NeuGroup meeting in a virtual format. It is one of the new…

NeuGroup thanks Peter Filipovic and his team at Starbucks for being our member launch partners with the NeuGroup for Retail Treasury. We appreciate all you and the other members who were part of the pilot shared so that others could learn from your experience. The same should be said to U.S. Bank for sponsoring the pilot series, especially Judy Kelly and Paula DiPonzio Regan. You did a great job of bringing in relevant subject-matter experts and listening to members on topics that matter. On behalf of all who…

In response to Covid-19, since March 2020, NeuGroup has conducted some 190 virtual meetings on Zoom: Regular NeuGroup Meetings. 1-2-day virtual NeuGroup annual and bi-annual meetings, replacing in-person off-sites (with multiple sessions and shared breaks) that are no longer possible for health and safety reasons Crisis Check-Ins. 60-90-minute COVID-19 crisis response check-ins, with 15-30-minute expert updates from selected partners, practitioner breakouts to share experience, questions and expert insight, while learning about customer/prospect challenges and needs; ending in a share back…

Like several of  our member companies, NeuGroup added Juneteenth to our official company holiday list last week.  At NeuGroup last week, June 19 moved from a regular Friday to a company holiday celebrating Juneteenth, the oldest nationally celebrated commemoration of the ending of slavery in the United States.  On June 19, 1865, Union soldiers, led by Major General Gordon Granger, landed at Galveston, Texas with news that the Civil War had ended and that the enslaved were now free. This…

Congratulations to Goldman Sachs on the official launch of their transaction banking service. Goldman Sachs is entering the cutthroat and increasingly crowded world of corporate cash management determined to play the role of innovative disruptor—no easy task. A cornerstone of Goldman’s strategy is a product whose name is familiar to many corporate treasury professionals but that is not fully understood by all of them: virtual accounts. We are pleased to support Goldman Sachs in their effort to help build a…

NeuGroup's Life Sciences Treasurers' Peer Group members are supporting businesses that are directly or indirectly helping with vaccines, treatments, testing and other measures to keep us safe and well in this pandemic and its aftermath. We and our sponsors at Societe Generale Corporate and Investment Banking - SGCIB are thus doubly proud to support them at this time. Thank you for all you do and for participating in our series of Zoom meetings. Thanks as well to Guido van Hauwermeiren, Larry Williamson and their colleagues…

Latin America is being hard hit now by both the Covid-19 virus and the economic domino effects. Thus, we wish all the best to NeuGroup Latin America Treasury Peer Group members as they work to support their businesses and all their stakeholders in the region while keeping their families safe and well.  Thanks for Zooming in for the 2020 H1 Meeting! Anne Friberg and Martin Trueb led the way to a meaningful exchange at their meeting this week, obrigado. https://youtu.be/iq2DsQTWtaA

The importance of regional treasury centers has been further validated by the Covid-19 crisis, says HSBC. And so have NeuGroup's European Treasury Peer Group members via their sharing and learning on how best to emerge from it. A special thank you to them for their engagement on this and other topics, as well as HSBC for their sponsorship. Tim Reid, Jean-Philippe Huguet, Holger Zeuner and Betrand de Comminges, we appreciate your insight. A wonderful job, as usual, Anne Friberg. https://youtu.be/MAaD4_ONr5M