NeuGroup NewsUncategorized
September 3, 2020

Corporate Pension Fund Managers Break Down the Difficulties and Benefits of Rebalancing Their Portfolios in Virtual Interactive Session

At a recent NeuGroup for Pension and Benefits VIS sponsored by BNY Mellon/Insight Investment, members discussed the ups and downs of management over the last few months. Members have experienced many layers of challenges due to the economic and market impact of the COVID-19 Pandemic, and those with pension plans were not immune. Moreover, the pension investment portfolios did not behave as anticipated in this crisis, making rebalancing even more of an issue than normal. Moderators from NeuGroup and Insight…
Uncategorized
August 20, 2020

Virtual Accounts Can Be a Multipurpose Tool

Goldman Sachs wants to show treasurers the multiple ways virtual accounts can help with efficiency in a variety of transactions. Virtual accounts can help overcome a range of impediments when it comes to creating efficient and straight-through transaction processes. This is what has driven their growth from a simple receivables management tool to a multipurpose one that can help bank and bank account rationalization, on-behalf-of transactions and the once highly manual reconciliations process. Payments/Receipts On Behalf Of (POBO/ROBO)Virtual accounts can…
Interregnum
NeuGroup NewsUncategorized
May 24, 2020

BNY Mellon and Insight Investment Deliver for Pension Investment Group

Thanks to BNY Mellon and Insight Investment for sponsoring the NeuGroup for Pension and Benefits 2020 H1 Meeting. Your insight plus all that was shared and learned by our members was enlightening. Thanks to all who participated!  Adam Tessler and Jeremy King, we appreciate your support along with that of both your teams. Abdallah Nauphal, I'm looking forward to the next regnum.  Scott Flieger and Roger Heine, kudos for pulling everyone together.  https://youtu.be/wcQbX5YWawc
Vesper Cocktail
NeuGroup NewsUncategorized
May 12, 2020

RBC Capital Zooms in for Tech20 Treasurers’ Meeting Cocktails and Content

We had record turnouts last week at both the NeuGroup Tech20 Treasurers' Peer Group mid-year Zoom meeting AND the pre-meeting Zoom cocktail mixer. A big thank you to members who contributed content and community to make them special. Tony Glasby deserves a big shout out.  RBC Capital Markets participated brilliantly in the virtual format for both and we appreciate your sponsorship and insight. Michael Carter, Larry Grafstein, Steve Feinstein, Nick Heslip and the rest of the team, thank you!  Anne Friberg led the proceedings wonderfully as usual, tack! #connectwithneugroup #neugrouptech20 https://youtu.be/_Kf_at9Pe7k
Long-Term Purpose
NeuGroup NewsUncategorized
May 12, 2020

BlackRock Wows Members at TIMPG 2020 H1 Meeting

NeuGroup had another big week of meetings last week, none bigger than the Treasury Investment Managers' Peer Group meeting sponsored by BlackRock. BlackRock pulled in Larry Fink, Rick Rieder and Tom Donilon to anchor three keynote sessions, plus three leaders from the cash and short duration team. Treasurers and Assistant Treasurers from across the NeuGroup network were invited to join for the VIP sessions as well. A big thank you to all of them and to Diane Parish and Paul Kline for pulling their colleagues…
BankingCapital MarketsESGUncategorized
April 21, 2020

A Closer Look: ESG Ratings, KPIs and Second-Party Opinions

Sustainalytics discusses ESG trends, ratings and aligning internal KPIs with established principles. Treasurers exploring the rapidly expanding land of environmental, social and governance (ESG) criteria quickly encounter Sustainalytics, a well-established provider of ESG ratings to institutional investors and so-called second-party opinions used by issuers of green bonds to give confidence to investors that bond proceeds will finance environmental or social projects. At a recent NeuGroup virtual meeting, representatives from Sustainalytics described the company’s ratings and methodology, answered questions from members…
Capital MarketsUncategorized
March 2, 2020

Hard to Let Go: Markets Slow to Move from Libor to New Benchmark

October 09, 2019 By Ted Howard Banks are still using the London Interbank Offered Rate but SOFR is slowly gaining traction. The members of NeuGroup’s Bank Treasurers’ Peer Group (BTPG) recently heard Chatham Financial discuss the switch from Libor to SOFR on their Q3 interim conference call. The big takeaway is that Libor remains firmly embedded in a lot of transactions, and even though banks understand that the tainted benchmark will disappear in the near future, the transition is inching…
Capital MarketsESGUncategorized
February 25, 2020

Treasury Teams Taking to Heart the Force of the ESG Wave Barreling Across Atlantic

Discussing insurance, investing and BlackRock’s Larry Fink, NeuGroup members weigh in on ESG. The potentially dramatic and varied impact on multinationals from the environmental, social and governance (ESG) wave barreling across the Atlantic from Europe is hitting home for a growing number of US finance teams. That was among the key takeaways from comments by treasurers gathered in Dallas for NeuGroup’s first meeting of 2020. Thanks for the warning. One the most interesting revelations involved the effect of ESG on insurance. One…
NeuGroup NewsUncategorized
February 3, 2020

NeuGroup Launches Capital Markets Group

As more treasurers see the benefits of team membership In NeuGroups, we launch a capital markets group to fill a gap in our network. The NeuGroup for Capital Markets targets senior managers, directors and ATs leading corporate capital markets activity. It is being supported in its first year by Wells Fargo and Deutsche Bank. Capital markets, like so much else, are amid a transformation that is starting to accelerate. Rate dynamics. Lower-for-longer and negative interest rates in developed markets have…