2007 — Sponsors
Treasury & Risk's 5th Annual A Vision For Tommorow's Treasurer
March 27 and 28, 2007
Barclays Global Investors
Gold Level Sponsor
Recent legislation and changes in accounting standards require new approaches in managing corporate defined benefit plans. Strategic asset allocation, investment performance and, perhaps most importantly, more consideration of the pension liability will be key drivers in successful pension management going forward. BGI understands the needs and challenges associated with incorporating the pension plan into overall enterprise risk management. Specifically, we understand that the potential impact of these regulatory and accounting standard changes will demand more resources to be deployed in managing defined benefit plans.
Now, our Defined Benefit Outsourcing platform brings the resources of the world’s largest investment manager and investment thought leader to bear on the holistic management of corporate defined benefit plans. BGI’s depth and breadth of pension management expertise uniquely positions us to consolidate the asset management, trustee services and benefit payment functions of your plan into one central relationship.
For over 30 years, Barclays Global Investors has been at the forefront of developing innovative investment ideas. With $1.6 trillion in assets for over 2,800 clients in 52 countries around the world, BGI manages assets for 65% of the world’s 100 largest pension plans. BGI is the global leader in assets and products in exchange traded funds through its iShares® brand. We are one of the world’s largest asset managers providing structured investment strategies, set apart by our risk-controlled active strategies and indexing. BGI is a market leader in liability-driven solutions for clients, and continues to invest heavily in this area.
Built on a sound investment philosophy that applies science and technology to the investment process, BGI has long been an incubator of new ideas, yet our investment philosophy has never changed. And that is why clients know we provide a discipline and consistency that is rare in the investment management business.
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Citigroup – Global Transaction Services
Gold Level Sponsor
Global Transaction Services, a business line of Citigroup® Corporate and Investment Banking, is a leading provider of cash management, fund, securities and trade services to corporations, financial institutions and public sector entities around the world. With a global network spanning 90 countries, we are uniquely qualified to service clients with local and cross-border interests, and provide integrated reporting and management.
Global Transaction Services helps clients address strategic issues, such as working capital and liquidity management, treasury integration, trade finance and other trade services, custody, clearing, fund administration, securities financing, depositary receipt, and agency and fiduciary programs. Our global platform is unique in the industry for its reach, interoperability and flexibility. It provides clients with timely, accurate information and dynamic, Web-based tools to effectively manage their securities portfolios, financial positions, working capital and supply chains around the world. Combined with a worldwide network of dedicated and experienced transaction services professionals, Citigroup is well suited to serve clients anywhere they do business.
Our cash management team provides capabilities and solutions to help clients streamline their processes, realizing greater operational efficiencies and managing working capital more effectively. With more than $138 billion in liability balances, Citigroup is one of the largest processors of cash flows globally. Our capabilities and solutions can accelerate cash collection, provide transparency of cash movement, reduce exposure to risk and trim operating costs
www.transactionservices.citigroup.com
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Comerica Bank
Gold Level Sponsor
The new rules of treasury management are not just about transactions anymore. Sarbanes-Oxley legislation has moved financial accountability from the back office to the front desk. Globalization has added new layers of complexity. Choosing the right treasury management partner is more critical than ever—not just for companies, but for those working in the financial industry. Comerica Bank provides innovative, customized treasury management solutions developed from our expertise, guidance and leading-edge tools today’s client needs—a combination that allows us to meet client specific requirements precisely and more cost-efficiently. Comerica will help companies track, audit and leverage their financial intelligence, so they can make the right decisions in real time and help protect them from risk.
Comerica Overview
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Detroit. Comerica Bank locations can be found in Michigan, California, Arizona, Texas and Florida, with select businesses operating in several other states, and Canada, Mexico and China.
Comerica’s relationship managers are known for their ingenuity, flexibility, responsiveness and attention to detail to provide businesses with a complete spectrum of credit and non-credit financial products and services. They focus on developing, maintaining and growing long-term relationships with customers across all geographic markets.
Our full suite of technologically advanced treasury solutions includes the family of ComericaTM ConnectSM information reporting solutions, Comerica Business Deposit CaptureSM, Comerica Easy PaySM and Comerica ACH Positive PaySM.
Fast facts on Comerica:
• Located in seven of the 11 largest U.S. cities
• #524 among Fortune’s largest companies
• Among the 20 largest U.S. banking companies
• #14 in treasury management revenues
• #11 among bank holding companies with the most U.S. commercial and industrial loans
• Among the top 20 in small business loans
• Among the top 10 Ex-Im Bank working capital lenders
• #12 in DiversityInc “Top 50 Companies for Diversity”; among “Top 10” for Executive Women, Supplier Diversity
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Deutsche Bank – Global Transaction Banking
Gold Level Sponsor
Deutsche Bank’s Global Transaction Banking (GTB) is a world-class provider of Cash Management, Trade Finance and Trust & Securities Services for corporate clients and financial institutions around the globe. The whole spectrum of innovative and market-leading transaction banking products are promoted by a skilled sales force and serviced by a dedicated team of client service professionals on the ground. While operating a truly global business, GTB also leverages close partnerships with colleagues across the Bank to optimize opportunities for clients.
Cash Management offers a complete range of services to handle the complexities of global, regional and domestic cash management, including electronic banking, paper and electronic payments and collections, liquidity management, electronic bill presentment and payment, as well as information and account services. Actively pursuing increased client transaction volumes enabled the Bank to maintain its unique position as the only clearer in the world with top positions in the three major currencies: #1 in euro (RTGS+/Target/EBA), #5 in U.S. dollar (CHIPS) and #7 in the British pound (CHAPS). Accordingly, Deutsche Bank is well positioned as a key provider of global consolidation services.
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FXpress
Gold Level Sponsor
For over 13 years, industry leaders have chosen FXpress as their strategic partner for treasury management. The main offering from FXpress is the FIRSTTM Treasury Solution, an integrated Web-based software platform that simplifies and automates core treasury processes. FIRST has the tools necessary to manage financial and operational risk by meeting the front-to-back office workflow and compliance requirements of today’s treasury professionals.
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Genpact
Gold Level Sponsor
Genpact drives process improvements to help global enterprises improve their revenue, margins and working capital, speed-to-market and customer relationships. Principally owned by GE, General Atlantic and Oak Hill Capital Partners, Genpact has 27,000 highly skilled associates specialized by industry (banking/finance, insurance, manufacturing, transportation, automotive and business services) and by the impact areas they serve (finance & accounting, sales & marketing analytics, customer service, financial services collections & operations, supply chain & procurement services, aftermarket services, information technology services, and enterprise application services & program management).
Genpact’s core finance and accounting solutions focus on performance improvement across three key cross-functional working capital operating cycles – Order-to-Cash, Procure-to-Pay and Forecast-to-Fulfill. Our solutions are backed by Lean Six Sigma process reengineering experts skilled in driving deep business impact throughout the financial and business value chains. Whether engaged in single process outsourcing, such as Order-to-Cash on a regional level, or engaged in multi-process global finance and accounting transformation, Genpact tailors solutions to fit the individual needs of our clients.
Genpact’s clients include General Electric, ACH Food Companies, Air Canada, GlaxoSmithKline, Kimberly-Clark, Linde Group, Nissan, Penske and Wachovia, along with 100 other key regional and multinational clients. Genpact has operations centers across India, China, Hungary, the Philippines, Romania, Poland, the United States and Mexico.
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JPMorgan Chase
Gold Level Sponsor
JPMorgan Chase is one of the world’s largest providers of cash management services, helping treasurers optimize cash flow and manage liquidity, as well as providing comprehensive, integrated trade sevices. Capabilities include U.S. dollar and multicurrency clearing, ACH, trade, card, liquidity and working capital solutions. It is the market leader in U.S. dollar clearing, ACH, CHIPS and Fedwire, and processes $3.2 trillion in U.S. dollar funds transfers and 720 million checks on average daily.
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Kyriba
Gold Level Sponsor
Kyriba empowers customers to achieve an economic advantage with treasury solutions that enhance visibility and operational control. Over 150 corporate clients, including Interpublic Group of Companies, Commerzbank, Colas S.A., Ferrero and Peugeot, use Kyriba solutions globally. As the market leader in real time, Web-based on-demand Cash Management, our affordable tools and services put our customers in control of their liquidity, forecasting and treasury management needs. Kyriba meets stringent Sarbanes-Oxley 404 audit trail workflow and control requirements, enabling our clients to effectively satisfy SOX compliance.
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PricewaterhouseCoopers LLP
Gold Level Sponsor
PwC Advisory provides business advice to help companies translate strategy into action. Our industry-focused professionals have skills in key areas that drive business performance—risk management, finance, operations, compliance, technology, change management, internal audit and investigations. For more information, see www.pwc.com/us/advisory.
PwC has one of the largest and best established governance, risk and compliance advisory practices in the world. Our professionals provide practical advice to senior executives on how to solve risk and compliance issues, as well as to help them broadly effect governance, risk management and compliance across the company. Our clients benefit from our deep industry experience, understanding of relevant risks, regulatory requirements and the business processes they affect, and capabilities in change management, technology and performance improvement.
Our history of providing professional services and our leadership in governance, risk and compliance standard-setting activities gives us immediate credibility at the senior executive and boardroom level. We focus on building strong client relationships and operate our business consistent with the long-term best interests of our clients.
www.pwc.com/us/advisorypublications
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SourceNet Solutions Inc.
Gold Level Sponsor
A proven leader in accounting and finance services, SourceNet Solutions, a subsidiary of Mellon Financial Corporation, has the tools and expertise to help companies gain complete control over their accounts payable function. For more than a decade, SourceNet has provided an AP outsourcing service that has helped companies achieve a full return on investment in less than one year, reduce direct operating expenses by as much as 40%, and reduce or redeploy 70 to 100% of their current accounts payable staff, all while strengthening their working capital management processes and promoting risk mitigation.
To design our solutions, SourceNet focuses on the strict accounting requirements of Sarbanes-Oxley and our clients’ own corporate governance requirements, helping them to employ best practices and implement workflow management technology to automate their accounts payable processes and improve internal controls. The value of this customized, precise approach is a more innovative, dynamic methodology for evaluating companies’ current systems and charting the course for greatest optimization. Working together, we assist our clients in designing solutions that help them:
• optimize supplier discounts, information analysis and exception handling;
• convert more paper to electronics to support efficient, accurate and trackable payables processing and payments;
• access real-time data and powerful invoice processing capabilities right from their desktops;
• make payments on their terms, including those that require 24-hour turnaround;
• control their energy usage and costs;
• achieve higher margins and reduce the need for working capital; and
• maximize purchasing card effectiveness at a lower cost.
As a Mellon Financial Company, SourceNet offers clients a true working capital partner with a feature-rich suite of payment options ranging from fraud protection to international payments.
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Treasury Strategies, Inc.
Gold Level Sponsor
Founded in 1982, Treasury Strategies, Inc. is a client-focused management consulting firm serving Corporations, Financial Institutions and Securities Firms. As a thought leader in treasury, liquidity, payments and working capital management, we develop customized and actionable solutions unparalleled in the marketplace.
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BlackRock
Silver Level Sponsor
BlackRock is recognized as a premier provider of global investment management risk management and advisory services. The firm manages portfolios and provides investment solutions for a broad array of investors that include corporate, public and union pension plans, insurance companies, mutual funds, endowments, foundations, charities, corporations, official institutions and individuals worldwide. Headquartered in New York, BlackRock serves clients from offices in 18 countries, maintaining a major presence in North America, Europe, Asia-Pacific and the Middle East. We offer a cross-disciplinary approach which provides the benefit of all of our proprietary resources and exceptional people, combined with a strong commitment to customer service. BlackRock manages the BlackRock Liquidity Funds, one of the oldest and largest institutional money market fund families.
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BWise
Silver Level Sponsor
BWise is a leading Sarbanes-Oxley, risk management, corporate compliance and internal control software provider. BWise has been recognized by Forrester as a leader in The Forrester WaveTM: Governance, Risk and Compliance Platforms. More than 1000 companies with more than 200,000 users rely on our solution including Aegon, The Southern Company, Toronto Dominion Bank Financial Group, Nielsen Company, Headwaters and TNT.
info@bwise.com or 212-946-4993 or www.bwise.com
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Zions Bancorporation, ESOARS Group
Silver Level Sponsor
Zions Bancorporation received a letter on January 25, 2007 from the SEC concurring that our ESOARS™ securities program can be used for employee stock option valuation for FAS 123R. Zions’ ESOARSTM tracking instruments provide a market-based alternative to models like Black-Scholes-Merton and Lattice/Binomial for ESO valuation. They measure the cost of ESOs to an option granting company by making payments to ESOARSTM securities holders when employees exercise their options. A fair market value of ESOARSTM securities is determined in a competitive online auction.
Zions’ ESOARSTM securities team is working with clients nationwide and across several industries. Zions’ offer clients a turnkey solution to establish a market price for employee stock options, including:
• an online ESOARSTM securities auction platform;
• boilerplate offering materials, such as shelf registration language and a prospectus supplement template;
• access to our bidders and an experienced auction team to ensure an effective, efficient process; and
• confidence that FAS 123R expense reflects a true “fair-market value” rather than a hypothetical value generated by an academic model.
Zions Bancorporation (NASDAQ: ZION) is one of the nation’s premier financial services companies, consisting of a collection of great banks in select high-growth markets. Zions operates its banking businesses under local management teams and community identities in 10 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices, with assets of approximately $47 billion and a market cap over $9 billion. Our ESOARSTM securities team works with clients nationwide.
www.zionsdirect.com
www.esoars.com
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Standard & Poor’s
Silver Level Sponsor
Standard & Poor’s Risk Solutions is a leading global provider of risk management services, data and analytics. Working with clients and their transfer pricing service providers, Risk Solutions provides independent, objective analytic services to assist companies in establishing arm’s length pricing for inter-company financing. Based on Standard & Poor’s widely recognized credit rating and debt pricing methodologies, Risk Solutions provides rating estimates and corresponding interest rate ranges for client subsidiaries/affiliates on a stand-alone basis. Services include supporting documentation of Standard & Poor’s credit assessment and pricing analysis and methodologies.
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Strategic Treasurer
Silver Level Sponsor
Strategic Treasurer is an Atlanta-based consulting firm providing an array of advisory and implementation services in treasury, financial risk management and financial systems. Clients include: corporations, banks, non-profits, governments and system vendors.
They add value in treasury projects by providing:
• expertise of seasoned professionals in treasury and financial risk management;
• broad and in-depth client-type experience;
• extensive familiarity with banks and system vendors; and
• experienced project support.
Their expertise includes:
• selection/implementation of treasury technology;
• optimizing working capital;
• assessing Treasury;
• managing financial risk, including FAS133; and
• integrating mergers.