The ACT and Herbert Smith Freehills put together a panel of experts who discussed key trends that have emerged over the last few months and shared practical considerations all treasury teams should consider.
1. Practical steps treasury teams should take to best position their business
2. Dealing with insolvent or distressed counter-parties including proposed changes to insolvency.
Naresh has spent 30 years in a variety of treasury roles spanning industry and advisory firms. At PwC he was the UK Lead for Cash Management and Payments and helped lead the firm’s work on payments, Brexit, treasury controls, Blockchain, operational resilience and target operating model design and implementation. He won an Innovation award for his proposition around mobile payments. He is an Associate Member of the ACT. Prior to PwC, Naresh spent almost 20 years in industry across a range of organisations including BP, Heron Property, Cable and Wireless and Fujitsu taking on roles such as analyst, dealer and treasurer.
Speakers:
Kristen leads the Corporate Debt and Acquisition Finance team in London. He has a broad practice with substantial experience acting both on corporate financings (often event driven (public bid financings and private acquisitions) as well as working capital financings), leveraged financings (for both corporate and sponsor clients), borrowing-base and receivables financings as well as restructurings. Kristen acts across the loan and privately placed notes markets and works closely with treasury teams across treasury matters and products.
Based in London, Gabrielle has more than 20 years of experience advising on the US law aspects of innovative and complex capital structures across the globe, with a particularly focus on transactions in EMEA.
Gabrielle works with PE firms, corporates and banks, advising on a wide spectrum of financing instruments including high yield bonds, term loan B, asset based loans, receivables conduits and asset securitisation, cross border guarantee and collateral structures as well as the restructuring of structured products.
Rachel is experienced in advising both sponsoring employers and trustee boards on a wide range of projects, including scheme mergers, scheme restructuring, liability management exercises, proposals regarding scheme funding and changes to benefit design as well as day to day matters. She also advises on the impact of corporate activity on pension schemes.
Rachel has particular expertise advising on pension scheme de-risking through the insurance market and on matters of benefit design and liability management. She has advised both insurers and trustees on a significant number of de-risking transactions.
Kevin is a partner in the restructuring and insolvency group at Herbert Smith Freehills. He has gained extensive experience working on major restructuring and insolvency matters in both Europe and Asia over the last 20 years. Kevin's experience includes all forms of debt reconstruction (including schemes of arrangement and CVAs) and insolvency acting for debtors, creditors and insolvency practitioners
Practical steps to best position your business took place at 13:00 - 13:45 BST on Wednesday 17 June.
The impact of COVID-19 affects business globally and treasurers and treasury partners in all sectors and geographies. The effects are immediate and will have repercussions in the medium- and long-term. The ACT Policy & Technical team is curating resources to help inform treasurers.
