Interview | 8 questions for Sugandha Singhal, Vice President – Head Treasury at SRF Limited

24-10-2022 | treasuryXL | LinkedIn |

 

We are so happy to embrace Sughanda Singhal as one of our newest treasuryXL experts for the community.

Sugandha is a Treasury Professional with diverse experience in Treasury, Strategic Planning, MIS, and Business analytics. She is passionate about breaking down complex problems and solving them using system-oriented thinking. With strong focus on process improvement, she has lead transformation of the treasury function both in terms of cost-effectiveness and process agility. A firm believer that real change in society must start at individual level she channelizes her spare time in volunteering for the cause.

Sugandha is also the highly commended winner of Adam Smith Asia Award for ‘Best working capital management solution’, winner of ‘Finance Transformation Initiative award of the year’ with C2FO and ‘Out of box thinker Award’ by SRF Limited.

 

Sugandha’s impressive career is an example for many. What is her secret? What drives her to perform at such a high level every day?

Well,…. let’s find out!

 

We asked Sugandha 8 questions, let’s go!

INTERVIEW

 

1. You have an impressive career in Treasury coming all the way up where you are right now. What is your secret?

The secret of success is not just one single mantra but a combination of smart habits. I realized very early that in treasury you spend most of your working hours networking and executing. Back home being a mother to two lovely teenage girls, I have always been hard-pressed for time. Thus changed my early morning routine to dedicate an hour to planning my work. I started setting up weekly learning goals to be completed flexibly during the week. Another important change was developing independent opinion through research rather than being influenced by what others say. These small habits practiced over the years helped me achieve my targets successfully.

2. The last two years must have been incredible for you, winning great awards for example. We are curious about what makes you most proud in your career?

While yes, I have been fortunate to lead certain critical projects that were recognized widely. When I think of what makes me proud it’s not any one project or an award but the journey I have taken as a woman and especially as a mother. I feel proud when I see youngsters, especially girls getting inspired by my journey and motivated to become leaders themselves. Being in a position where one can more effectively encourage and empower young women and girls to become leaders is an accomplishment that matters.

3. What do you like about working in Treasury?

We are living in very exciting times when digital transformation is still unfolding and is providing a wealth of learning opportunities. What I love about my current role is the fact that I have this unique opportunity to shape the future of the Treasury function and how it interacts with other processes/people in the business. It’s the everyday challenges and fast-paced work that excites me about my role.

4. What is your Treasury Expertise and what expertise gives you a boost of energy?

While I had the opportunity to lead multiple aspects of corporate treasury like borrowing, investment, policy formulation, working capital management, risk management, hedging, etc. what excites me the most is transforming the working capital landscape through business process re-engineering and digitalization.

5. What has been your biggest challenge in treasury?

The biggest challenge in treasury has been managing people while driving change.  On one hand, you have new technology, new compliances, new solutions that you need to implement, and on the other hand you have internal teams resisting change. This means while you are busy implementing the project through data architecture, solution design, onboarding suppliers & customers, etc. you are also leading a cultural change within the organization. To succeed, one needs to ensure the wider adoption of a digital mindset and overcome resistance to change through upskilling and communication.

6. What’s the most important lesson that you’ve learned as a treasurer?

The two most important lessons that I have learned as a Treasurer are first, the only constant in our profession is change, and second, people are the anchor helping you sail through this sea of change. While we all know that change is inevitable and that people are the key, somehow, it’s often easily forgotten. In my experience, if you know the right person at the right time, half the task is done. I feel what has made a difference in my career is networking and relationship building.

7. How have you seen the role of Corporate Treasury evolve over the years?

I would say over the last few years the role has not just evolved but has completely transformed from being transactional to being strategic. Internally, in the past, treasury was all about ensuring fund availability, dealing with trade products, hedging, and managing excess funds. Today we are seen as the strategic partner to businesses who actively provide solution sales, re-engineer business processes, and act as an advisor to top management. Externally, the environment in which we operate has transformed, we now see very high volatility, significantly increased speed of information sharing, digitalization, enhanced compliances, and ESG focus that has made corporate treasury more agile and tech-oriented than what it was a few years back.

8. What developments do you expect in corporate treasury in the near and further future?

In the future, corporate treasury will become pivotal in driving the corporate sustainability initiatives. With corporates formalizing their ESG pledges, the treasury department will be expected to apply the ESG lens on everything from raising capital and investing surplus cash to supply chain finance. Secondly, the treasury team will become more and more connected to core business activities such as sales or procurement focusing on meeting fast-changing expectations/requirements of both customers as well as suppliers. Lastly, technological disruption will continue in ways beyond what we can imagine today, and treasury teams will be expected to be the front leaders in driving this transformation.

 

Want to connect with Sugandha? Click here

 

Thanks for reading!

 

 

Kendra Keydeniers

Director Community & Partners, treasuryXL

Eurofinance remains THE event for corporate treasurers | By Pieter de Kiewit

12-10-2022  treasuryXL | Pieter de Kiewit | Treasurer Search  LinkedIn

 

Throughout covid times the organizers of Eurofinance remained active and were able to create interesting web-based events. Still, general opinion in last weeks’ event in Vienna was that there is nothing like the live thing. The programme was packed with interesting content, the event floor with interesting companies and visitors.

By Pieter de Kiewit

Communication leading up to the event and the venue, the Wien Messe, radiated experience in events of this size. The numbers of representatives and visitors were impressive. Luckily, the venue is big enough to not nerve the visitors who have to get used to large crowds again.

The programme was spread out over the very large room for plenary meetings, five large rooms for parallel session with presentations & panel discussions and “open rooms” on the trade floor. Key note speakers like Guy Verhofstadt and Goran Carstedt were able to enthuse with stories beyond the scope of treasury, others covered topics about treasury technology, both practical & visionary and treasury organization, for example about my personal favourite, the treasury labour market.

For many, the trade floor was easily as interesting as the content. Visitors gained market information, for example preparing for a TMS selection and implementation. Also reuniting with old treasury friends and getting to know new ones, was relatively easy during well catered breaks. Some of the visitors created new legends during the Thursday night afterparty that is not covered by this looking-back-blog.

As treasuryXL ambassador I visited the various partners of the platform present and received positive feedback on the event. So Cobase, Kyriba, TIS, CashForce, Nomentia, Refinitiv and CashAnalytics, we hope to see you again in Barcelona again and welcome a number of new ones.

 

Hasta luego,

 

 

 

 

 

 

Thanks for reading!

Pieter de Kiewit

 

 

Interview Haia Aaraj, Recruitment Consultant at Treasurer Search

11-10-2022 | treasuryXL | LinkedIn |

 

Speaking about a rockstar within recruitment for treasury you think about Haia. She started working for Treasurer Search as a Recruitment Consultant at the beginning of this year and celebrated many successes with the team since then.

Haia is a down-to-earth, spontaneous and proactive human being with a hilarious sense of humor! You will be very lucky to work with her as someone who is searching for a next treasury adventure or if your company is in need of a treasurer.

 

 

We wanted to know Haia a bit more and we asked her the following questions. Happy reading!

7 questions for Haia, let’s go!

INTERVIEW

 

1. Treasurer Search is a recruitment business for treasury based in the Netherlands. What is your role within the company? And can you tell us more about your background?

I’m a recruitment consultant at Treasurer Search, so I’m mainly responsible for assignments from our clients to hire treasury professionals (from A to Z), and here we’re talking about Juniors up to executive level assignments. About my background, I have a Bachelor in Sociology and a high Technical Diploma in Management. I started in recruitment since 2016 doing some internships, and officially started as a recruitment assistant at a medical centre, then a company in Dubai where I made my way to the upper level and I left as a Recruitment manager. I moved to the NL and started at Treasurer Search in Feb, 2022.

2. How would you describe Treasurer Search in 3 words?

Well-connected / Transparent / Professional

 

3. What is, in your perception, the biggest benefit for clients and candidates to work with Treasurer Search?

They will be working with Recruiters who are experienced in both recruitment and treasury, so we know who a good cash manager or group treasurer is. At the same time, Treasurer Search provides a transparent recruitment process, no surprises or hidden info, alongside the smoothness in communication.

4. You started at Treasurer Search with zero knowledge about Treasury 8 months ago. Now you are a Rockstar in matching the right candidate with a client. What’s your secret?

In today’s world, everyone can learn whatever they want in no time, the resources available are at a wide range. For me it was mainly reading, attending online courses, and of course, learning from the experts in this field.

 

5. How do you stay informed about the recruiting industry combined with treasury trends?

Attending as much helpful webinars as possible. Also following the stars in both industries is very helpful because you need to stay up-to-date, don’t you?

 

6. What do you think is the most rewarding aspect of being a treasury recruiter?

Being a treasury recruiter widen your aspects of how the financial management works. You forget about traditional roles in business finance and you learn treasury is way more than the basics that the public knows.

 

7. What are you most proud of in your career at Treasurer Search so far?

When I started at Treasurer Search I was new to the country, and the treasury. This is where my colleagues played the big part and helped a lot through time. Now I’ve integrated well in the society as well as learned a lot about treasury. Mainly, I’m proud of my colleagues who played an essential part in this big movement for me.

 

Want to connect with Haia? Click here

 

Thanks for reading!

 

 

Kendra Keydeniers

Director Community & Partners, treasuryXL

Group Treasurers’ Exchange | Designed for Group Treasurers, by Group Treasurers

06-10-2022 | IQPC Exchange | treasuryXL | LinkedIn |



EUROPE’S PREMIER INVITATION-ONLY EVENT FOR GROUP TREASURERS

 

At the 10th annual Group Treasurers’ Exchange, 60 Group Treasurers, Directors and Heads of Treasury will be coming to Berlin on November 15-16 to discuss how innovating the treasury function will mitigate risk and bolster profitability.

Designed for Group Treasurers, by Group Treasurers, the GT Exchange Europe 2022 offers a unique and exclusive format specifically tailored to unpack the issues that are most relevant. This invitation-only meeting is exclusively attended by a select group of pre-qualified senior treasurers responsible for creating an efficient and innovative treasury function. Attendees will benefit from an experience packed with networking with likeminded peers navigating the same industry challenges in a relaxed, consultative, and friendly environment.

The Exchange is attended by senior strategic leaders and decision-makers from major Treasury departments across Europe. Every attendee is personally invited and registered to ensure the right level of seniority and relevance to the event’s key themes.

Group Treasurers, Directors and Heads of Treasury can capitalise on a closed-door event with no press, full of one-to-one meetings, intimate breakout sessions, think tanks, roundtable discussions & more!

This innovative two-day event will cover key challenges facing an innovative treasury function, with expert speakers attending from a variety of top companies, including:

  • Roche
  • General Mills
  • C&A
  • SVP Worldwide
  • Galeria
  • Orange
  • Axpo Group

Topics discussed at the 2022 Exchange include:

  • Payments, Liquidity Management, Taxation and Regulation
  • Future of the Treasury Department
  • Promoting Innovation and Risk
  • Prioritising ESG Initiatives
  • Relationship Management
  • Digitalisation and Financial Efficiency
  • Cash Forecasting
  • Cost Elimination and Fraud Prevention
  • Value Creation Through Liquidity Strategy
  • Cross-Department Collaboration
  • New Technologies for the Treasury Department

 

If you’re a qualifying attendee and want to attend the #GTEU Exchange, request an invitation here

 

REGISTER YOUR INTEREST

 

 

 

LIVE SESSION | My Treasury Career Development & How the Register Treasurer education contributed

29-09-2022  treasuryXL | Treasurer Search | LinkedIn

 

Are you thinking about how you can shape your treasury career and in need for inspiration? There are plenty of education opportunities, but in what education will you invest?

 

 

You are invited to join our next Live Session. Registration is Now Open for:

𝐌𝐲 𝐭𝐫𝐞𝐚𝐬𝐮𝐫𝐲 𝐜𝐚𝐫𝐞𝐞𝐫 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 & 𝐇𝐨𝐰 𝐭𝐡𝐞 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐞𝐫 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐝

There is no standard career path for treasurers but one can learn from the choices and developments of the successful ones.

In this webinar two graduated Register Treasurers will share their stories:

  • 🌟 Jurgen Wessel RT is interim Head of Treasury of SHV and has experience in a variety of international companies at HQ and treasury hub level.
  • 🌟 Frank van der Hoeven RT van der Hoeven used to be a banker, moved to the corporate side and currently is Treasury Manager at IMCD, well-known for many successful acquisition and integration processes.

They will tell you about how they moved between various stations and will pay special attention to the added value of their post academic degree: The Treasury Management and Corporate Finance programme (RT Programme) at the Vrije Universiteit Amsterdam (VU Amsterdam).

 

REGISTER HERE

 

Everyone is welcome to this webinar. This webinar is extra relevant for those who consider joining the RT programme.

🌟Moderator: Pieter de Kiewit of Treasurer Search

🌟Duration: 45 minutes

 

We can’t wait to welcome you next week!

Best regards,

 

 

Kendra Keydeniers

Director, Community & Partners

 

 

 

 

Where did the treasury applicants go? | By Pieter de Kiewit

19-09-2022  treasuryXL | Pieter de Kiewit | Treasurer Search  LinkedIn

As treasury recruiters, we should know enough about corporate treasury to do intakes and screen candidates. Also, we should know the latest about what’s happening in the field of recruitment and so we read the publications of Geert-Jan Waasdorp of The Intelligence Group. I would like to share his latest, very interesting article and build the treasury connection.

By Pieter de Kiewit

Labour market pressures are not equally distributed among all employers.

I left a link if you want to read the full article but this is roughly what he says. There is a huge growth in people working since before covid. In parallel, there is a huge decline in active applicants. This pressure in the labour market is not evenly distributed among all employers. The ones that can find new employees can do so because of a strong employer brand and increased investments in own or external recruitment. Also, they are willing to decide quick and offer a better package.

So what does this mean if we project these findings on the corporate treasury labour market? My personal observation is that treasury staff is, on average, less driven by the company brand and more by the job content than candidates from other job types. We learned this working for clients like Tesla and Nike. Employer branding specifically towards treasurers would also be hard, I cannot envision a corporate recruiter promoting his manufacturing company at Eurofinance.

How to adapt?

The obvious low-hanging fruit is that the hiring manager, already at the start of the process, has to organise and choose a mindset in the following: being able to decide quickly, from fewer candidates than before, and offering more than the old standard. Even highly skilled recruiters sometimes underestimate these aspects over time.

The judgement if the internal recruitment team is equipped to tackle the search or whether an external one should do the job – we, Treasurer Search – I will not elaborate on here. What I do want to mention is another obvious source that can be opened. For some of us that are considered a paradigm shift: bringing treasury talent in from abroad, from within the EU or even sponsoring a work permit. I am aware that some of us consider this topic highly political. What I can tell, both from our own organisation, as well as from successful placements with our clients, that this can be a very successful solution. In the Dutch labour market already the majority of candidates placed by us is non-Dutch. This is not a plea to open the borders and not be critical. Regretfully we have examples where this solution did not lead to success as coming to The Netherlands can be hard for the new employee. But also locally found candidates can fail in their new job.

My conclusion is that indeed, the world is different, as is the labour market. And given current demographic developments I do not expect a shift back. Luckily there are solutions but we will have to accept the consequences and cannot lean back. Those that do will shrink and go extinct.

Good luck in your search,

Pieter

 

 

 

 

 

 

 

Thanks for reading!

Pieter de Kiewit

Meet our partners at the EuroFinance next week!

14-09-2022 | treasuryXL | EuroFinance| LinkedIn

 

The EuroFinance will finally open their doors in exactly one week. After two years everyone can meet in person again at the largest and most senior gathering of corporate treasurers worldwide.

For over 30 years, EuroFinance is where best-in-class treasury teams come together with the most innovative fintechs and renowned financial institutions to share experiences, discuss best practices and collaborate to solve the challenges of the day.

Schedule your EuroFinance program in advance

 

Benefit from the extensive expertise of 150 world-class speakers across 3 days of thought-provoking keynotes, lively debates, in-depth case studies and technical discovery labs providing practical insights and key skills to advance your treasury.

With such a great number of high quality sessions it’s wise to schedule your session program in advance.

Click here for the full agenda

Click here for the speakers overview

The line-up of 150 world speakers includes:

  • Kristina Moller, Treasury director, Spotify
  • Wendy Venema, Assistant treasurer, Tata Steel
  • Elise le Clerc Director global treasury Willis Tower Watson
  • Jean-Baptiste Disdet, Treasury technology director, Japan Tobacco International
  • Kristina Moller, Treasury director, Spotify
  • Mack Makode, VP, treasurer, Under Armour
  • Mandana Sadigh, SVP, corporate treasurer, Mattel
  • Victor Pausin, Treasurer – Americas, Nissan Motors
  • Clive Bailey, Treasurer, FCE Bank

Connect with our highly valued partners for a chat and a coffee

 

We are happy to announce that the partners that are highlighted below will host a booth at the expo. Together with them we build the treasuryXL community by delivering daily treasury news, blogs, events and vacancies.

They would love to welcome you at the expo and invite you for a quick chat. You can also book your appointment in advance to secure some extra time. Contact me directly and I will introduce you personally.

Technology sponsors plus

Kyriba

Technology sponsors

TIS

Gold exhibitors

Nomentia

GTreasury

Silver exhibitors

CashAnalytics

Refinitiv

Bronze exhibitors

Kantox

Innovation alley

Cobase

 

 

 

I wish you a great time at the EuroFinance. Safe travels and enjoy!

Kendra Keydeniers

 

 

 

 

 

Quickly refresh your treasury knowledge? Download our eBook: What is Treasury?

08-09-2022 | treasuryXL | LinkedIn |

Hello Treasurers, CFO’s, Cash Managers, Controllers and other Finance addicts, how do you quickly refresh your treasury knowledge? Or how do you explain ‘What Treasury is’ to family and friends? Well, there is a simple solution for it. Download our eBook: What is Treasury? 

This eBook compiled by treasury describers all aspects of the treasury function. This comprehensive book covers relevant topics such as Treasury, Corporate Finance, Cash Management, Risk Management, Working Capital Management.

This eBook was prepared by treasuryXL based on the most useful best practices offered by Treasury professionals throughout the previous years. We compiled the most crucial information for you and wrote clear, concise articles about the key topics in the World of Treasury.

We took a deeper dive into each of the above-mentioned treasury functions and highlight:

  • The purpose of each named Treasury function (What is?)
  • What specialists do
  • Examples of Activities
  • Summary of Frequently Asked Questions and answers
  • Conclusion

How to receive the eBook ‘What is Treasury’ for Free?

We simply giveaway two presents for you! By signing up for our newsletter you will automatically receive the following in your inbox:

  1. On Fridays, our Coffee Break weekly newsletter will land in your inbox. In this weekly newsletter, we will highlight the whole week full of the latest treasury news within our community.
  2. The 41 pages eBook, What is Treasury?
Subscribe and Download

 

Subscribe, Join, Download and Relax.

Welcome to our community and have fun reading!

 

 

Kendra Keydeniers

Director, Community & Partners at treasuryXL

 

 

 

 

What personality traits do treasurers have?

08-09-2022 | Maximo Santos Miranda | treasuryXL | LinkedIn

What personality traits and qualities should make a good treasurer? The results of the Treasurer Test help to better understand a candidate’s natural predisposition to specific personality traits. Editor of the Treasurer Test, Máximo Santos Miranda, gives us his take on what the most important personality traits are that treasurers should have.

Source: Treasurer Test, brand by treasuryXL

By Máximo Santos Miranda

Qualities and Personality Traits a Treasurer should have

From my point of view, flexibility is one of the most important qualities a treasurer should possess. Each company is a different world, with a different corporate culture and non-identical needs. A good treasurer must adapt to each specific reality. Only in this way will he be able to achieve the best results for the company.

Another important trait that a good treasurer must have is proactivity. It is always possible to do things better and this is especially important in treasury, because of the great importance of treasury functions. An excellent treasurer should always think of new ways to improve the function and this fact also requires that our treasurer has a deep sense of curiosity and is open to changes and the new dynamics of the market. This means that the treasurer must be proactive in meetings with banks and explore new market trends and products launched by the financial system. It is also important to attend treasury meetings where our treasurer can see what strategies other colleges are using to solve problems that are similar or identical to ours. In this sense, our treasurer must constantly learn to stay informed and it is especially important that our treasurer be a technology enthusiast. In this sense, it is crucial to read trade magazines and take short courses, but not in a passive way. Our treasurer should always think whether or not the things he reads or listens to are applicable to the company he works for. This is the only way to continuously improve the treasury function, which means more and more efficiency in the use of financial resources.

In addition, our treasurer must have excellent communication skills. The treasury department must be in permanent contact with external suppliers (banks) and with internal customers (accounting, tax, human resources, purchasing, planning ….) for its own characteristics and this function cannot be developed properly if our treasurer does not have exceptional communication skills. It must be taken into account that for one reason or another, treasury is in contact with all the different departments within the company, either to ask for information or to provide information. When negotiating with banks or resolving operational incidents with them, this skill is critical if we are to be successful in both issues.

Accuracy and precision are other important traits a good treasurer must possess. Payments and collections, for example, must always be made on time (not before and not after) and good forecasting always requires a high degree of accuracy. This trait must be complemented by a quick mind. In treasury, you often have to make decisions very quickly. If you make a mistake, the consequences can be enormous and therefore a reliable treasurer must combine accuracy with a high and logical speed of execution. Common sense should always guide the behavior of an excellent treasurer.

And finally, the soft skills described earlier must be complemented by technical knowledge. A solid treasurer should have both skills and when this is combined with extensive experience in a wide variety of companies and sectors, our treasurer will add value that will be hugely positive for the entire organization and not just for the treasury department itself.

So in sum, personality traits that matter to treasurers:

  • Flexibility to adapt to each company’s specific reality
  • Proactivity with a deep sense of curiosity and openness to changes and new market trends
  • Excellent communication skills for communication with internal and external stakeholders
  • Accuracy and precision in payments, collections and forecasting
  • Quick decision-making ability with a focus on common sense
  • Complemented by technical knowledge and experience in various companies and sectors.

Your sincerely,

Máximo Santos Marinda

 

 

Let us inspire you about the Treasurer Test!

 

Contact manager of the Treasurer Wout directly. Together we will explore how the Treasurer Test can be of benefit to you.

Wout van Wijlick, Manager of the Treasurer Test & Marketing Coordinator at treasuryXL

RECAP | Cash and Treasury Management Event Copenhagen | By Pieter de Kiewit

06-09-2022 | cashandtreasury.dk | treasuryXL | Pieter de Kiewit | LinkedIn

 

Last week, Pieter de Kiewit was Chairman of the Cash & Treasury Management Conference in Copenhagen. Pieter decided to take the effort to share his experience with you.

 

By Pieter de Kiewit, Chairman of the event

Corporate treasury events come in many shapes and sizes. Earlier this year, I reported on my visit to Mannheim, in a few weeks you can expect a blog about Vienna, in this blog more about Copenhagen. I can already tell you that I liked the format and set-up of this event.

Corporate treasury markets will always be very niche. The event organiser, Insight Events, targeted a mainly Danish-Scandinavian audience. The sessions were all in English and the venue was the beautiful Hotel D’Angleterre in the heart of Copenhagen. It was also a conscious choice to keep the audience small, just under 150 and of high calibre: almost all treasurers, most of them quite senior and well informed. The consequence of this choice is also that there were no parallel sessions, all sessions were attended by the entire audience. During the break one could meet the various treasury service and product providers, including treasuryXL partner Nomentia.

Last year, I was asked to present on “how to get hired for your next treasury position” and had some questions during other sessions. Based on the bond we built, I was asked to be moderator/chairman of this year’s event. I thought it was a great gig, if it was appreciated, you just have to ask others.


The programme consisted of presentations and panel discussions led by Nordea. I was impressed by the level of quality offered. There were two macro-economic presentations, one by the Chief Economist of Nordea, a well-known TV personality in Denmark and the other by a senior director of EKF, the Danish export credit agency. Both gentlemen brought very thorough interesting insights but, given the current global developments, also a gloomy and dark future.

Another highlight was the input on ESG financing where treasurers and senior sustainability experts together informed the audience about the reality of this type of funding making in, at least for me, an inspiring way. In a cleverly constructed format, credit rating and Basel IV developments were linked in a session with the most questions from the audience.

In other, more traditional but also essential and informative sessions, building treasury teams, mergers and career development were on the agenda. And the non-treasury topic was brought up in a very entertaining way about a hacked company that does not want to pay a ransom. Relevant not only for treasurers and definitely food for thought.

Looking back, I see a very successful and high quality event. On a personal note, I always enjoy the international in my work. Me as a Dutchman, extrovert, direct and sometimes unintentionally rude, communicating with civilised, reserved Scandinavians who do not ask too many questions hopefully did not result in not being invited for next year. We shall see…..

 

 

 

 

 

 

 

Thanks for reading!

Pieter de Kiewit