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…
Capital MarketsESGRisk ManagementSenior ExecutiveUncategorized
January 28, 2020

Activist Investors Who Care About More Than One Kind of Green

Founder’s Edition, by Joseph Neu Takeaways from a fireside chat with ValueAct founder Jeffrey Ubben. Based on a head’s up from a top Wall Street activist defense adviser, I went to an event earlier this month hosted by Refinitiv and Reuters Breakingviews that featured a fireside chat with ValueAct co-founder Jeffrey Ubben. Mr. Ubben has stopped trying to increase his net worth and is now focused on making the world a better place (at least according to his worldview). One…
Uncategorized
January 16, 2020

AI Makes Cash Forecasting Less Art, More Science

HighRadius says AI continually improves cash-flow forecasts. Artificial intelligence (AI) may “take the art” out of cash forecasting while perpetually improving forecasts, but there will still be plenty of work for treasury staff. That was the message imparted by Tracey Ferguson Knight, director of solution engineering for treasury at HighRadius, which hosted a recent NeuGroup meeting. She noted that cash forecasting today can be hobbled by inefficient technology—think Excel spreadsheets—and difficulty gathering and leveraging the correct data sets, an art…
ComplianceRegionalSenior ExecutiveTaxUncategorized
January 15, 2020

China’s Corporate Social Credit System: What Corporates Need to Know and Do Now

The implications and challenges for corporates facing a new world of ratings. Full implementation of China’s corporate social credit system (SCS) is slated for the end of 2020—a reality with huge implications for multinationals doing business in the country. And that means more work for many CFOs and finance teams. CFOs are often in charge of coordinating the final reporting of data provided by multiple areas of the company and ensuring there is no conflicting information. They’re also responsible for…