Information session Treasury Management & Corporate Finance on May 13, 2020

10-1-2020 | by Kendra Keydeniers | Vrije Universiteit

The VU Amsterdam would like to invite you to the information Session of the Executive Education programmes at the VU Amsterdam on May 13,  2020. This evening gives an insight into the content and organisation of the programmes

 

The Information session of the postgraduate programme Treasury Management & Corporate Finance is from 18.30 hr. to 19:15 hr.

Anyone interested in the programme is welcome. We are looking forward to seeing you at the VU Amsterdam!

Register here

 

Take a dive into RT career stories from graduates

The VU has been delivering RT graduates successfully for a few decades. That means that there are hundreds of graduates working, most of them in corporate treasury. How do their careers look like after they graduated? treasuryXL asked some of the RT graduates about their career development and their thoughts about the RT programme. Check it out:

Information session Treasury Management & Corporate Finance

18-11-2019 | by Kendra Keydeniers | Vrije Universiteit

The VU Amsterdam would like to invite you to the information Session of the Executive Education programmes at the VU Amsterdam on Thursday 28 November 2019. This evening gives an insight into the content and organisation of the programmes

 

The Information session of the postgraduate programme Treasury Management & Corporate Finance is from 18.30 hr. to 19:15 hr.

Anyone interested in the programme is welcome. We are looking forward to seeing you at the VU Amsterdam!

Register here

 

Take a dive into RT career stories from graduates

The VU has been delivering RT graduates successfully for a few decades. That means that there are hundreds of graduates working, most of them in corporate treasury. How do their careers look like after they graduated? treasuryXL asked some of the RT graduates about their career development and their thoughts about the RT programme. Check it out:

College Tour International Cash Management 2019

| 04-11-2019 | treasuryXL | Vrije Universiteit

The treasurer’s professional environment is changing rapidly. Alongside the classic management of capital flows, treasurers are confronted with ever-increasing legislation. In addition, fintechs and cryptocurrency offer solutions which compete with traditional banking services. The International Cash Management module of the RT programme covers these topics extensively, clustered in several units. The Cash Management Fundamentals unit includes working capital management, liquidity forecasting and liquidity management. In addition, the structure of international banking is covered in detail. The role of correspondent banking, the principles of international payments and the main payment systems are examined in depth. In this context, the module also deals with the information technology which businesses require to create the interface with banking payment systems. Naturally, this covers the latest technological developments, including blockchain. The module also expands on netting and cash pooling techniques, the relationship with financial institutions and the organisation of an international treasury department. An overview of the legal and fiscal aspects is also included. Case studies are used to supplement the extensive practical knowledge provided.

Course Content
  • Management Account Structures: pooling Techniques, cash pooling, netting, tax and accounting impact
  • Working Capital Management: cash conversion cycle, working capital management, short term finance
  • Trade & Commodity Finance: identifying trade risks, trade instruments, trade finance solutions
  • Payment Services: payment instruments, collection instruments, clearing, bank connectivity
  • Relevant regulatory environment: Basel III, PSD2, bank relationship management
  • Cash flow forecasting methods
  • Treasury Management Systems: overview, treasury functions and evolution, selection of a treasury management system, implementation
  • Fintech: Payment innovations, Blockchain, Crypto currency

Course features

Primarily, the course gives an overview of this treasury
discipline, focussed on everyday practice and the latest
developments in this area. Sessions are interactive and
delivered by lecturers active in this field. There is an
opportunity to put knowledge sharing into practice with
the help of a game and case studies.

Exam/exemption

There will be an end-of-module examination. Participants
passing the examination will receive a certificate. This
certificate counts towards an exemption when enrolling
for the post-doctorate Treasury Management & Corporate
Finance programme; course language – English.

Coordination and lecturers

Professor Wilko Bolt (DNB) and Professor Herbert Rijken
(VU) will be the key lecturers for this module. Other lecturers will
include Rolf Michon and Nanno van der Werff.
Sybrand de Groes is responsible for the coordination of
this module. Maximum number of participants: 25

Admission requirements

The course is at Bachelor level. It is assumed that you
have work experience in the field of cash management.

Tuition fees & registration

The tuition fees are € 3,950. If there are enough places,
non-DACT members may also participate. The tuition
fees for non-members are € 4,750.

Send an email to pgo.treasury.management.sbe@vu.nl if you wish to register.

Location

VU Universiteit, Hoofdgebouw, Agora Zalen Complex,
De Boelelaan 1105, Amsterdam.

Course schedule

The course includes 8 double lectures (2 x 2 hours) each
week on Thursdays, starting Thursday 14 November 2019,
ending on Thursday 16 January 2019 (note: the lecture
planned on Thursday November 14, 2019 will be organized
in De Leeuwenhorst in Noordwijkerhout where the DACT
Treasury Fair will be held). Lectures are from 15:30 –
17:30 hours and 18:15 – 20:15 hours, including a meal.
The examination date is on Thursday 23 January 2020.

DOWNLOAD COLLEGE TOUR LEAFLET

7 New Register Treasurers

| 15-10-2019 | by treasuryXL | Kendra Keydeniers

Each year a new class starts with the two year RT program at the Vrije Universiteit (VU). That means that every year we can welcome new Register Treasurer (RT) graduates into the World of Treasury.
On October 3, 2019, the VU was proud to announce that they honored 7 new Register Treasurer graduates.

The post-graduate Executive Treasury Management & Corporate Finance programme at the VU has now been running for more than 20 years. The graduated RT’s of 2019 were part of the 21st class.

class of 2019

The RT programme and its benefits

The programme consists of 6 modules. Treasury (Financial) Risk Management and International Cash Management are traditional treasury disciplines. Corporate Finance is part of the Corporate Financial Management and Capital Markets and Funding module. The embedding of the treasury and corporate finance function in corporate organizations is discussed in the Treasury Organization module. An overview of relevant aspects in financial law and fiscal law is given in the Financial and Fiscal Law and Regulations module.

Each module is concluded with an exam. All modules are organized in such a way to allow for sufficient preparation time for assignments and exams.

5 key main benefits of the programme:

  1. Broad perspective on the corporate treasury and finance disciplines
  2. Master level and state of the art
  3. Interactive sessions
  4. Useful career development opportunities in a different setting
  5. Get connected to the treasury community
A career boost for the RT graduates

The main objective of the programme is to teach high-level courses that boost participants’ professional skills, knowledge and expertise in Treasury Management and Corporate Finance. Graduates of the RT programme recognize opportunities for exciting developments, are able to think out of the box and contribute to in-depth discussions with senior management and board members, which will lead to new career development opportunities and boosts job satisfaction.

Take a dive into RT career stories from graduates

The VU has been delivering RT graduates successfully for a few decades. That means that there are hundreds of graduates working, most of them in corporate treasury. How do their careers look like after they graduated? treasuryXL asked some of the RT graduates about their career development and their thoughts about the RT programme. Check it out:

Graduated as a RT and ready for a new treasury challenge?

Being a RT opens door to new challenges more easily. Are you looking for an interim or a permanent position? Do you want to work in a small business or rather prefer a big corporation? If you want to make a switch in your career and you are open for a new adventure than I would highly recommend to contact our partner Treasurer Search. Treasurer Search is a successful treasury recruitment company, founded 10 years ago with consultants that have experience in treasury recruitment up to 20 years.

Do you have any questions about the RT programme? Are you a RT who want to share your career development via an interview? Or do you have any other related questions or remarks about the RT topic? You can contact me directly via:

Kendra Keydeniers
Community & Partner Manager at treasuryXL

 

 

 

 

 

 

Why Steven decided to explore the World of Treasury

| 02-09-2019 | by treasuryXL | Kendra Keydeniers

Steven de Klein decided to take a deeper dive into the world of treasury and started the RT program in 2014. He graduated as Register Treasurer (RT) in 2017. Before moving into treasury, he studied Business Economics in Nijmegen. His first experience in treasury was a good one, “The field of treasury is much greater than most people expect” said Steven.

Steven is Cash & Currency Manager at Royal Boskalis Westminster NV, a Dutch dredging and heavylift company. With its roots in the Netherlands, Boskalis has over 100 years’ experience in hydraulic engineering, coastal protection and land reclamation. The head office is located in Papendrecht and they have an extensive network of branches around the world. They operate in 90 countries and across six continents, with a versatile fleet of more than 900 vessels and floating equipment. Shares in the company have been listed on Euronext Amsterdam since 1971.

We asked Steven 4 questions about the RT program:

  1. What for you was the main reason to start a career in treasury?

    During my final year at the Radboud University in Nijmegen where I studied Business Economics, I started at a small advisory firm specialized in (corporate) financing. That was my first experience in treasury and it suited me well. Soon afterwards I joined a development & construction company that showed me that treasury was more than just financing and before you know it, you are a ‘treasurer’.

  2. Why did you start with the RT program?

    After working within the same company for a few years I noticed that my learning curve was leveling out. I started to investigate what treasury courses and programs where available and found that the RT program is without any doubt the best and most comprehensive treasury course available in The Netherlands.

  3. How did the education help you in your career?

    Not only did I gain a lot of new knowledge about treasury, but also about related topics such as macro-economics, fiscal law and (hedge) accounting. This helps to connect the dots a lot better when you’re back at your daily job. It also brought me a new network of people, good memories and I even think my current job at Royal Boskalis Westminster NV.

  4. Are you still in touch with your peers?

    Absolutely, during the 2-year program you built a strong relationship with your peers, since you do spend almost a full day per week with them. This is also one of the bigger benefits of the RT program in comparison to at-home studies.

We have more RT stories to share with you. Read the RT story of Bouke, Michel, Jarno, Mathieu and Richard and/or read more info about the RT program here.

The post-graduate Executive Treasury Management & Corporate Finance programme combines two finance disciplines: Treasury Management and Corporate Finance. These disciplines largely overlap and are inextricably connected.

After a successful completion of all required modules, the title of Registered Treasurer (RT) is conferred by the Registered Treasurer foundation.

As of last year the Register Treasurer (RT) program at the University of Amsterdam is taught in English. This is an important change as the program used to be in Dutch.

The course started on 1 September 2019. 

 

 

Why Bouke decided to explore the World of Treasury

| 15-08-2019 | by treasuryXL | Kendra Keydeniers

Bouke Weijmans graduated as Register Treasurer (RT) in 2014. Bouke has a strong interest in process optimization and building treasury departments from the start. He currently works at Aalberts Industries as a Cash and Treasury Manager.

Aalberts Industries is a Dutch manufacturer that engineers mission-critical technologies for ground-breaking industries and everyday life.

We asked him 7 questions about the RT program:

  1. What was your main reason to start a career in treasury?

    Actually I rolled into the field of treasury when working at Flow Traders. During my study business administration at the VU I always believed I would develop my self in the field of process optimization. About 6 months after I joined Flow Traders the person in charge of treasury left the company and I was asked to pick up the role.

  2. Why did you start with the RT program?

    Eager to learn more about my new role in treasury I started looking for opportunities to develop myself. As a former VU student I found following classes of the RT program was the best way for me to do this.

  3. What are key words that you would use to describe the program?

    The program is small scaled and interactive, which allows active discussion between teachers and students touching issues treasurers run in during their day to day work.

  4. Which topics covered were most interesting?

    I was still a little green in the world of treasury when I started. Therefore, the topics about treasury, cash management and corporate finance where really useful.

  5. What surprising elements did the program hold that you did not expect?

    I liked the fact you also get schooled in the field of fiscal law. It gave me a better understanding how transfer pricing works and what implications this can have for a company.

  6. Are you still in touch with your peers?

    I’m not in active WhatsApp groups, however the world of treasury is quite small and you run into each other from time to time. It’s always nice to catch up at such occasions.

  7. Did following the program influence your relation with your family, friends and/or colleagues?

    Following and preparing classes takes some time and planning which means sometimes you have to say no to social events. This can be difficult from time to time but no permanent harm has been done.

We have more RT stories to share with you. Read the RT story of Michel, Jarno, Mathieu and Richard and/or read more info about the RT program here.

The post-graduate Executive Treasury Management & Corporate Finance programme combines two finance disciplines: Treasury Management and Corporate Finance. These disciplines largely overlap and are inextricably connected.

After a successful completion of all required modules, the title of Registered Treasurer (RT) is conferred by the Registered Treasurer foundation.

As of last year the Register Treasurer (RT) program at the University of Amsterdam is taught in English. This is an important change as the program used to be in Dutch.

The course will start on 1 September 2019. Why wait? Apply today!

 

 

Give your career a boost and become a Register Treasurer

| 29-07-2019 | by Kendra Keydeniers |

Over the last weeks we shared blogs with profiles of Register Treasurer (RT) graduates with their motives, experiences and career paths. The blogs give you a better insight in the type of treasurers that are “RT material”.

You can read the following RT stories:

Jarno Timmerman | Treasury Director at Nike

Michel van Baardewijk | Treasurer at Vestia

Richard Blokland | Corporate Treasurer at NewCold

Mathieu Ummelen | Interim Treasury and Corporate Finance Professional

The RT program brought all the above graduates to a higher level in their career as Register Treasurer.

Executive Treasury Management & Corporate Finance programme

The post-graduate Executive Treasury Management & Corporate Finance programme combines two finance disciplines: Treasury Management and Corporate Finance. These disciplines largely overlap and are inextricably connected.

This post-graduate executive programme has now been running for more than 20 years at Vrije Universiteit Amsterdam. It is a unique programme both in the Netherlands and abroad.
The programme will be delivered entirely in English to appeal to the increasingly large community of non-Dutch-speaking finance professionals in the Netherlands.

Participants successfully completing this post-graduate executive programme will be awarded with the title of Registered Treasurer. This title is well-known and widely recognized within the treasury professionals’ community.

The curriculum consists of 6 modules, each of which covers a clear sub-discipline in Treasury Management and Corporate Finance. Each module comprises approx 8 lecture days on Thursdays (from 15:30 until 20:00). It is an intensive and efficient 18-month programme.

The post-graduate Executive Treasury Management & Corporate Finance programme is a strategic partner of the Dutch Association of Corporate Treasurers (DACT). Partners in the programme are KPMG, Orchard Finance, PwC, and Zanders Treasury & Finance Solutions. Senior affiliates are programme lecturers.

Exemptions apply to alumni of Dutch RC and RA programmes.

The course will start on 1 September 2019. Why wait?  Apply today!

Why Michel decided to explore the World of Treasury

| 22-07-2019 | by treasuryXL | Kendra Keydeniers

Our next RT story is the one of Michel van Baardwijk. He graduated as a Register Treasurer (RT) in 2017. Michel is specialized in the Public Sector and faced many challenges working at Vestia as Treasurer.

Vestia, formally ‘Stichting Vestia’ is the largest public housing corporation in the Netherlands, which is headquartered in Rotterdam. The corporation owns (and rents out) about 78,000 houses and 8,000 other “rentable units”.

Vestia received media attention in 2011 and 2012 on the topic of interest derivatives. This attention continues until today. The follow up and the consequences of the transactions made in the past determine most of Michel’s treasury activities.

  1. What for you was the main reason to start a career in treasury?

    Actually my career in treasury was not premeditated. I liked the courses corporate finance during my studies business economics/econometrics in Tilburg, but my first jobs at Philips and the municipality of Rotterdam had nothing to do with treasury. Later when I worked as a financial manager or controller treasury was one of the many elements of the job, until the take-over by Vestia in 2011. In the re-organisation of 2013 I applied for Treasury and I got the job.

  2. Why did you start with the RT program?

    Because the portfolio of Vestia was more than 20 times the portfolio I managed before, refreshing my knowledge and skills was priority number 1. I got some training on the job by an experienced interim treasurer and I oriented on possible courses. The RT program at VU offered the best combination of theory and practice.

  3. What are key words that you would use to describe the program?

    The program is small scaled and interactive. You get to know all your fellow students very fast and there is enough time to exchange experiences.

  4. Which topics covered were most interesting?

    The most interesting courses for me were those courses I had little experience in: international finance and cash management. Piece of cake for seasoned treasurers, but new stuff for me. I also took courses in macro economics and behavioural finance.

  5. Can you describe what your research and thesis was about?

    My thesis researched the effects of new, tougher, legislation on the way treasury for housing associations is organised. I thought many had changed their processes, but most processes were already adequately organised and in control before 2012. With more emphasis on compliance after 2015.

  6. How did the education help you in your career?

    The RT program has helped me to become a professional in treasury in a short time.

  7. What surprising elements did the program hold that you did not expect?

    Behavioural finance was an eye opener for me. I took some psychology courses during university (marketing, organisation) but the impact of psychological elements on decision making was a positive surprise.

  8. Are you still in touch with your peers?

    Of course. I meet fellow students at DACT-events, we still have a Whatsapp-group and we are linked via LinkedIn.

  9. What other treasury education programs did you consider and why did you choose this one?

    I researched several other programs (NIVE QT, Improfin, modular courses), but VU offered a proven concept which was very practical for me (every week courses on Thursday afternoon and evening) and started very soon.

  10. Did following the program influence your relation with your family, friends and/or colleagues?

    Doing classes and assignments takes some planning. And sometimes you have to say No at home or at work, or skip class due to a priority job. Commuting by train gave me much time for reading and writing but not enough. Many weekends were spent writing my thesis, and also two holidays. Fortunately my wife took a course herself and my kids had their own exams.

  11. Can describe a treasury topic you learned about and you could directly apply in your job?

    In the first lecture I learned something about the consequences of a large divestment I had not thought about. Fortunately we could solve this directly. I also got more insight in the way banks were pricing loans, which resulted in better quotes.

More stories please! Read the RT story of Jarno, Mathieu and Richard and/or read more info about the RT program here.

The post-graduate Executive Treasury Management & Corporate Finance programme combines two finance disciplines: Treasury Management and Corporate Finance. These disciplines largely overlap and are inextricably connected.

After a successful completion of all required modules, the title of Registered Treasurer (RT) is conferred by the Registered Treasurer foundation.

As of last year the Register Treasurer (RT) program at the University of Amsterdam is taught in English. This is an important change as the program used to be in Dutch.

The course will start on 1 September 2019. Why wait? Apply today!

 

 

RT story: From professional athlete to Treasury Director

| 15-07-2019 | by treasuryXL | Kendra Keydeniers

Best example of a great career in treasury (before and) after graduating from the RT program is the one of Jarno Timmerman. This is his Register Treasurer Story:

Professional athlete in The Premier League of volleyball, Jarno decided to further expand his passion for and knowledge about treasury by participating in the RT program of 2007.

Starting as Treasury Manager at Nike, following by a role as Manager Group Treasury at KLM/Air France and winning the award of being Asia’s Best Treasurer by The Corporate Treasurer Awards working at AkzoNobel – you can say that Jarno is an outstanding treasurer who must be passionate about his work.

Jarno returned to Nike in January 2018 and started as Director Treasury EMEA, surrounded with top athletes from around the world. Being a former professional athlete himself, working for Nike is feeling at home. Nike and Jarno is an obvious match.

Why did you start with the RT program?

I started the program because I felt it would elevate me as a treasury professional. I studied economics also at the VU, already positioning myself for treasury. I did that by taking classes like Corporate Finance for example and the RT felt as a natural next step to improve my treasury knowledge.

How did the education help you in your career?

After the completion of the RT it definitely helped me in my career. Besides being a more rounded treasury professional also to the outside world it allowed me to distinguish myself and definitely help me in my career to get a promoted role in a new company for example.

Therefore, I can for sure recommend every Treasury professional to consider participating the RT program. It will be an investment you need to put in, primarily in time at the expense of your social life for a while, but it will pay off.

Which topics covered were most interesting?

The program is a strong combination of die-hard deep dives in treasury subjects like cash management and derivatives, but it also brings a nice introduction to overlapping subjects like tax and legal which allows to have a better understanding of those topics as well.

The program also brings the right balance between theory and practice. Therefore, the second strong element of the program is the ‘mandatory physical presence’ to the classes and sessions. This gives a nice discipline, rhythm and momentum to keep track of the subjects, challenges and tasks at hand.

Are you still in touch with your peers?

Maybe even more important is that the journey you undergo with a group of similar treasury professionals, providing synergies, keeping you motivated and allows you to build up an important network that will last throughout your career. Although I finished the program more than 10 years ago, I still keep contact with many treasury professionals from my year.

So in short, the RT program is about knowledge & network and will definitely elevate your career as treasury professional!

More stories please! Read the RT story of Mathieu and Richard and/or read more info about the RT program here.

The post-graduate Executive Treasury Management & Corporate Finance programme combines two finance disciplines: Treasury Management and Corporate Finance. These disciplines largely overlap and are inextricably connected.

After a successful completion of all required modules, the title of Registered Treasurer (RT) is conferred by the Registered Treasurer foundation.

The course will start on 1 September 2019. Why wait? Apply today!

 

 

Why Richard decided to explore the World of Treasury

| 08-07-2019 | by treasuryXL | Kendra Keydeniers

The post-graduate Executive Treasury Management & Corporate Finance programme combines two finance disciplines: Treasury Management and Corporate Finance. These disciplines largely overlap and are inextricably connected.

After a successful completion of all required modules, the title of Registered Treasurer (RT) is conferred by the Registered Treasurer foundation.

The course will start on 1 September 2019. Why wait? Apply today!

Let’s talk with another RT graduate this week: Richard Blokland started the Executive Treasury Management & Corporate Finance programme in 2007 to become a certified Treasurer. He graduated in 2009.

Richard’s broad professional treasury experience touches several industries like Oil & Gas, Airlines, Real Estate and the Public Sector. His experience brought him to his latest function as a successful Corporate Treasurer at NewCold.

What was your main reason to start a career in Treasury?

I started within a Treasury Department for my first job and found out that Treasury would offer me the opportunity to combine business economics with mathematics which I was looking for. Besides this, each day within Treasury is different and I really appreciate this aspect.

Why did you start with the RT program?

This program would offer me the opportunity to get the best education in the field of Treasury.

What are key words that you would use to describe the program?

Divers, meeting the requirements for being a Treasurer and fun.

Which topics covered were most interesting?

Cash management (international), business analysis, derivatives and tax.

Can you describe what your research and thesis was about?

My research and thesis resulted in a framework for handling (US) cross border lease within your organisation, and have it embedded in the right way.

How did the education help you in your career?

It helped me a lot as the RT is a highly trained Treasury professional and also puts you in the same league as the RA or RC.

What surprising elements did the program hold that you did not expect?

The elements not typically Treasury but every Treasury professional should at least know about something, and the international aspect in terms of teachers.

Are you still in touch with your peers?

I am with some.

What other treasury education programs did you consider and why did you choose this one?

None as the RT program is all I need.

Can you describe a treasury topic you learned about that you could directly implement in your job?

For example Tax in terms of transfer pricing.

More stories please! Read the RT story of Mathieu here and/or read more info about the RT program here.