NeuGroup News
December 6, 2021

Amy Kemmerer Joins NeuGroup as COO

NeuGroup is excited to welcome Amy Kemmerer as the newest member of our team. Amy joins us as Chief Operating Officer, with a mandate to support our digital transformation, operational excellence and successful delivery of innovation. She will be vital to the realization of our vision to connect every finance professional who wants to share and learn beyond best practice. Amy brings over 15 years of technology and operational leadership experience at GE, most recently as Director of Commercial Operations…
NeuGroup News
November 24, 2021

Happy Thanksgiving from NeuGroup

With 2021’s second-half meeting cycle drawing to a close, a message of thanks from NeuGroup founder and CEO Joseph Neu.  To all our members, thank you so much for your continuing trust and for allowing us to connect you with peers and others to exchange knowledge and distill insight to help you move beyond best practice. We are extremely pleased that, as a group, you have renewed memberships for 2022 at an unprecedented rate. If you have yet to renew…
Risk ManagementTalking Shop
November 10, 2021

Talking Shop: Reporting Specific Risks to the Board

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “Do any members report specific risks or risk categories to the board? For example—technological risk, cyber, system implementation, environmental or carbon, weather risks, etc.”Peer answer 1: “Yes, we just presented to our board this week and included the top five risks in our report. Of the five, I’d say two…
NeuGroup News
November 8, 2021

Nilly Essaides Rejoins NeuGroup to Accelerate Transformation of Content Leadership

NeuGroup is pleased to announce that Nilly Essaides has rejoined the company as Managing Director of Groups, Research and Insight. A leading voice in the areas of finance, enterprise performance management and FinOps, Nilly’s role at NeuGroup is to deliver a cohesive vision in order to augment the content leadership that has set NeuGroup apart for 20 years of peer groups and nearly 30 years of knowledge-exchange facilitation. Nilly will lead the teams responsible for research, agenda development, and session programming. This is Nilly’s second stint with NeuGroup, having served in various roles from 1998 to 2008, including overseeing the development of our peer group…
Treasury Management
November 3, 2021

True Grit in Treasury: Hiring People With Perseverance and Passion

Hear Medtronic FX risk manager Tim Husnik explain why grit is an essential quality.Medtronic senior treasury director Tim Husnik is proud that everyone on the FX risk management team he leads innovates, solves problems, experiments, creates and builds. He says that’s a big change from the days when treasury was viewed as a tactical team, rather than the strategic partner it is today. In the video interview below, he says that to find talent with the right stuff, he looks…
NeuGroup News
November 1, 2021

Control Rod: Using Innovative Ideas to Move Beyond Best Practice

Medtronic treasurer Tim Husnik shares another NeuGroup Advantage: innovation. Achieving best practice is one thing. Being exceptional is another. For Medtronic senior treasury director Tim Husnik, fostering a culture of innovation has proved successful at boosting the company beyond best practice, which he considers the baseline.“I hate to say this, but best practice is just like being average. You’re as awesome as the most average multinational corporation,” Mr. Husnik said. “It’s not quite aligned to our company mission of being…
FXTalking Shop
October 28, 2021

Talking Shop: Balance Sheet Hedging and the Efficient Frontier

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “Does anyone use efficient frontier in the balance sheet hedging program, i.e., consider the correlations between the currency pairs to determine the hedge ratio? I would like to learn how that works in practice.” Peer answer 1: “We do an efficient frontier light, I would say. We have different hedge…
BankingTalking ShopTechnology
October 21, 2021

Talking Shop: Using APIs or Host-to-Host for Bank Connectivity

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “Does anyone use host-to-host or API for bank connectivity? We are exploring those solutions and would be great to have your input.”Peer answer 1: “We use APIs for bank connectivity, from giving payment instruction to monitoring payment status to getting real-time balance and transaction details.”Peer answer 2: “We do not…
BankingTechnology
October 18, 2021

Teaming Up with Tech Firms: Deutsche Bank’s Multifaceted Approach to Cash Management Solutions

Deutsche Bank veteran Suman Chaki explains a strategy of developing bank-agnostic solutions with tech partners like TIS while continuing to invest in proprietary tools to solve problems faced by corporate clients. Deutsche Bank managing director Suman Chaki has an impressive and extensive record of advising corporate clients and helping them solve a variety of cash management challenges. So it’s no surprise that his insights and perspective on what treasury teams at multinational corporations want and need from banks, and how…
NeuGroup News
October 7, 2021

Achieving Best Practice with NeuGroup

Benchmarking with fellow NeuGroup members has been influential for Medtronic treasurer Tim Husnik.  Medtronic Senior Director Tim Husnik’s mission to achieve treasury best practices started with learning what other world-class companies are doing by listening to his peers at NeuGroup peer group meetings.  “Your first goal is: You got to get to best practice,” he said. “Seeing what other peers are doing through the NeuGroup, that was my first way to see, at other companies, how are people doing this?”  The NeuGroup advantage: achieving best practice. Hear Mr. Husnik’s full thoughts on how NeuGroup helped…