ACT Middle East Treasury Awards 2017

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The ACT Middle East Treasury Awards celebrate the achievements of the corporate treasurer and recognise companies and individuals that have shown innovation and excellence in corporate treasury.

Now in their eighth year and, like the prestigious Deals of the Year Awards which have been running for 20 years, all types of deal are considered and judged on the basis of meeting the consistent criteria, rather than on the size of the deal.

This year we are delighted to announce a new award, ACT Middle East Treasury Professional of the Year, in recognition of the individual who has demonstrated exceptional treasury skills and understanding and made an outstanding contribution to their team, organisation or the profession in the region.

The judging panel will select a winner from the list of nominations for each of the following categories. Winners will be announced at the ACT Middle East Annual Dinner at the H Hotel, Dubai on 20 November 2017.

Awards Categories

1Working_Capital_Management_nominate
2Strategic_Funding_nominate
3Large_Corp_nominate
4Small-Med_Corp_nominate
5Treas_profes_Corp_nominate

You can nominate as many times and in as many categories as you like. So, why not nominate all eligible deals that your organisation participated in and maximise your chances of success?

The closing date for nominations is 21 September 2017

Entry criteria

General criteria
  • Corporate organisations only (not banks or financial institutions)
  • All sizes of deal and company will be taken into consideration
  • Regionally we identify the GCC in general (UAE, Oman, Bahrain, Qatar, Kuwait, Saudi Arabia). This is by no means exhaustive and should nominations be submitted from other MENA countries they will be included
  • To qualify the deal/ project must have been executed by the treasury team/ treasurer within the Middle East
  • The qualifying period for deals or projects is from 1 January 2016

When submitting your nomination, please ensure you provide us with as much relevant information as you can to give the judges as clear a view as possible as to why you deserve to win.

Working Capital Management and Strategic Funding Awards criteria

Each deal/project will be considered from the corporate treasury perspective on the basis that ‘it shows excellence in corporate treasury’, as demonstrated by any or all the following:

  • sound treasury/finance management
  • efficient pricing
  • optimal or innovative structure
  • relative success in prevailing market conditions

It must involve a corporate with a Middle East domicile in which the corporate treasury team played a significant role.

When submitting your nomination, please ensure you provide us with as much relevant information as you can to give the judges as clear a view as possible as to why you deserve to win.

Treasury Teams of the Year Awards criteria

The team awards consider the relative sizes of the company and treasury team, which across all treasury disciplines – cash management, corporate finance and funding, governance and risk management – or treasury projects, eg a TMS implementation, cash pooling operation or organisational restructuring demonstrates all or any of the following:

  • sound treasury/finance management
  • strong technical knowledge and ability
  • innovation in technology and systems
  • ability to build strong relationships with the company’s bankers and advisors

The concept of treasury ‘team’ should also be taken widely – it may consist of one or two people in the treasury department supported by a broader team of people who help perform the treasury function. The corporate must have a Middle East domicile.

When submitting your nomination, please ensure you provide us with as much relevant information as you can to give the judges as clear a view as possible as to why you deserve to win. Minimum word counts apply.

Treasury Professional of the Year Award criteria

This new award will recognise the individual who is considered to have demonstrated excellence in treasury and made an outstanding contribution to their team, organisation or the profession, whether through their standout technical skills and ability, consistent performance or efforts in raising the profile of treasury practice in the region. All levels of entrants will be considered from all sizes of corporate.

When submitting your nomination, please ensure you provide us with as much relevant information as you can to give the judges as clear a view as possible as to why you deserve to win. Minimum word counts apply. CVs alone are not sufficient - they may be provided as supporting information but must be accompanied by the official entry form.


Judging Panel

Chair: Matthew Hurn, Executive Director – Head of Finance, Emerging Sectors, Mubadala Development Company

Matthew HurnMatthew is the Head of Finance for the Group’s Emerging Sectors platform which incorporates Mubadala interests in Real Estate and Infrastructure, healthcare, Mubadala Capital and Enterprise Technology and Services.

Prior to this Matthew was the Group Treasurer with responsibility for treasury, financial risk management and insurance. Prior to joining Mubadala, Matthew was the Group Treasurer of DSG International (formally Dixons Group) where he was instrumental in developing the company’s treasury framework and strategy to accommodate its overseas expansion into 28 countries.

Matthew has worked extensively in the treasury industry for over 20 years in both the public and private sectors. His previous treasury experience also includes several years at Otis, with responsibility for the UK treasury operations of United Technologies Corporation, a Fortune 500 company.

Andrew McMichael, Group Treasurer, Agility

Andrew_McMichael2Andrew is the Group Treasurer for Agility, a Kuwait based, global logistics company with a turnover of around USD 5bn, operating in over 100 countries. After obtaining a degree in Chemistry and Business Administration in 1990 from Kingston University, he joined Unilever in the Treasury department and obtained his ACMA in 1994. He joined Ocean Group plc (later renamed Exel plc) in the treasury department in late 1994, and became Group Treasurer in 1998. He left Exel in 2004 and worked with a start-up company specialising in trade receivable financing, but has now returned to mainstream Treasury and has moved to Kuwait. Andrew obtained his AMCT in 1995, and is a founder committee member of the ACT Middle East.

Kevin Murphy, Group Treasurer, Yusuf Bin Ahmed Kanoo

Kevin_Murphy1Kevin has over 20 years of experience in the areas of international treasury engagements, risk management, balance sheet management (ALM), financial analysis & reporting and stakeholder management. Kevin has also advised on capital structures, arranged capital raisings, developed complex financing options and negotiated restructurings. He has extensive experience in managing treasuries and treasury operations, as well as driving a broad range of diversified debt, equity and liquidity initiatives in global markets. Kevin has had extensive interactions with internal and external stakeholders, clients and rating agencies on an international stage. He is a skilled and highly-regarded advisor maintaining close interaction with CEOs, Executive Committees and Boards in devising strategic direction, balance sheet structures, asset allocation, investment management and risk mitigation. Kevin has a Masters in Applied Finance, is a Certified Finance and Treasury Professional and a Certified Financial Technician.

Gary Slawther, Treasury Director, Arabtec Holding

Gary_Slawther

Gary is a fellow of the ACT and has over 27 years of finance experience of which 19 have been in treasury across a diverse range of companies, principally multinational, including retail, manufacturing, engineering, logistics and FMCG. Now with OCTAL Petrochemicals in Oman, Gary is centrally involved with financing the growth and development of a technologically and environmentally driven company.

Ricky Thirion, Group CFO, Etihad Airways

Ricky ThirionRicky has been with Etihad Airways since 2007 and oversees the Group Treasury, comprising of the corporate treasury, corporate investment, corporate and structured finance, and insurance functions.

He holds a Master’s Degree in Mechanical and Aeronautical Engineering and various financial and business management related qualifications. Ricky was voted Global Corporate Treasurer of the Year 2010 by the readership of gtnews and is an Honorary Fellow of the Association of Corporate Treasurers.

Senior Executive Positions Held

  • Group Treasurer – Etihad Airways
  • Group Treasurer - South African Airways
  • Managing Director - Andisa Treasury Solutions
  • Managing Director - Standard Risk and Treasury Management Services, a subsidiary of the Standard Bank Group of South Africa


If a conflict of interest arises during the judging process, the judge concerned withdraws from the discussion and decision-making.

Previous winners

The list of previous winners from across the GCC includes:

Abu Dhabi National Hotels | Al Fahim | Alghanim Industries | Almoayyed International Group | Asiacell | Aw Rostamani | Dolphin Energy | DP World | Dubai Aluminium | Easa Saleh Al Gurg Group | Etihad Airways | Keuhne + Nagel | Khidmah | KIPCO | Majid Al Futaim | MB Petroleum Services | Midal Cables | Mubadala Development Company | Octal Petrochemicals | Qatar Telecom | Tristar/Agility

2016
2015
2013
2012
2011
2010

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