Every year the Alexander Hamilton Awards contest draws entries describing terrific projects at some of the world’s top companies. This year, Treasury & Risk presented gold, silver, and bronze Alexander Hamilton Awards in three categories: Cash Management & Liquidity Optimization, Financial Risk Management, and Operational Risk Management. The winners were those whose projects demonstrate leading practices in these specific areas. However, a few entries did not fit neatly into any of the categories. Among these, a project from Hyundai Capital America stood out, and this year’s judges chose to recognize the project with an Alexander Hamilton Awards Honorable Mention.
Hyundai Capital America (HCA) is an automotive finance company that is a wholly owned subsidiary of Korean auto manufacturer Hyundai Motor Group. By 2012, the company had matured into a full-spectrum lender, offering a traditional suite of auto financing products including retail loans, lease financing, and dealer wholesale financing. The treasury function had become very proficient at managing the largely debt-financed business.