The ongoing debate about financial regulatory reform and the looming European debt crisis are two dominant themes in Treasury & Risk’s 100 Most Influential People in Finance list this year. The 2012 list includes lots of movers and shakers in Washington, reflecting the efforts there surrounding derivatives and money-market fund regulations, the Volcker Rule, convergence with international accounting standards, corporate tax reform and the federal deficit. There are also a number of global leaders on this year’s list as companies watch to see whether the eurozone’s problems will derail the global economic recovery. The heart of the list, though, remains the corporate finance executives—CFOs, treasurers, risk officers and others—who continue to come up with better ways to get the job done and innovative approaches to help their companies flourish.
CFO AND MEMBER OF THE EXECUTIVE BOARD
Brandt has led the technology company’s finance function through three major acquisitions— BusinessObjects, Sybase and SuccessFactors—in the last four years. Now he faces integrating a fourth acquisition, of e-commerce company Ariba.
Kaesar gained recognition for responding to the impact of the eurozone crisis earlier than many other finance executives. He also has obtained a banking license for Siemens from the German Financial Supervisory Authority and set up a new financial operating model, One Siemens, that’s focused on capital efficiency.
CFO AND EXECUTIVE DIRECTOR
TATA CONSULTANCY SERVICES
A 40-year employee of the Indian IT services provider and its CFO since 2003, Mahalingam has played a key role in Tata’s growth into a $10 billion global company that is outpacing its Indian rivals.
HEAD OF GROUP CASH MANAGEMENT & TREASURY IT
Over the last year, Basmadjian oversaw a revamp of France Telecom’s cash management and treasury structure that included cash pooling for 210 entities, netting for 197 and a treasury and cash management shared service center that serves 77 units. The company’s payment factory is due to be rolled out in 2012.
SVP, CORPORATE CONTROLLER AND TREASURER
Hodge led efforts to reduce leverage by more than $1 billion, which resulted in a ratings increase to investment grade (BBB+/Baa2) from speculative. He also centralized CA’s global cash management by using netting and both physical and notional cash pools.
TREASURER AND VP
Lautch has played a key role as the coffee chain remodeled its financial structure by adding debt, via a commercial paper program and bond issuance, implementing a dividend and getting rid of underperforming stores.
CHIEF RISK OFFICER
UNIVERSITY OF CALIFORNIA
Crickette is credited with saving the university considerable sums with her initiatives, which include putting in place safety programs, improving claims management systems, developing risk financing strategies and implementing ERM throughout the university.
CO-CEO, INTERNATIONAL BANKING
Barton was named co-CEO of international banking, a unit combining the bank’s global banking and markets operations with the international arm of its global transaction services business, in January. Previously, he was CEO of global transaction services, where he refocused strategy and helped drive the business forward.
MANAGING DIRECTOR AND GLOBAL CASH MANAGEMENT EXECUTIVE
J.P. MORGAN TREASURY SERVICES
Camp provides strong leadership for the bank’s innovative cross-border payable, receivable, liquidity and balance management solutions. He has been instrumental in leading the efforts to expand J.P. Morgan’s treasury services operations globally.
DEPOSITORY TRUST & CLEARING CORP.
Amid the global regulatory effort to rein in over-the-counter derivatives, Bodson and the DTCC are playing an increasingly important role as the back-office provider rolls out trade repositories to track derivatives trades.
INTERNATIONAL ACCOUNTING STANDARDS BOARD
The former Dutch finance minister has the daunting task of pressing the U.S. and Japan, two of the world’s largest economies, to move away from their insular accounting standards and join 100 other nations in adopting International Financial Reporting Standards.
CHIEF ACCOUNTING OFFICER AND VP
In addition to his work at Xerox, Kabureck influences the evolution of accounting standards as a frequent author of comment letters and vice chair of Financial Executives International’s Committee on Corporate Reporting.