Future of Treasury - From Treasurer to CFO?4 June 2010 | Paul van Vliet & Madelon van Tol

Content

Introduction Treasury Team Robert Walters

Career Treasury 2010-2013

Results survey and some additional questions

Hard skills you need

Soft skills required

Career advice and decision-making moments

Experience from Dick van Ommen, FD Heijmans

Paul van Vliet

Degree in business economics

15 years’ experience in finance recruitment

10 years ago: first treasury placement

Madelon van Tol

Degree in Law, experience as a lawyer and business developer

1,5 year in recruitment of treasury professionals

Introduction

Career Treasury 2010-2013

Risk Management is hot; as a result, treasury as well

First 6 months of 2010; more positions in the market for international cash managers and risk managers

Corporate and project finance is more in demand

Treasury Control and Accounting experience is asked

Treasury positions to foreign head offices (e.g. Switzerland)

Our expectations: increased hiring levels as treasury skills remain critical to business success

The Netherlands are attractive for treasury activities

16th economy of the world

Excellent infrastructure, airport and biggest harbour of Europe

Member of several international treaties, like the UN, EU and trade agreements like the WTO

Quite easy and not expensive to set up a legal entity

In Europe: the Netherlands is the cheapest place of business (source: KPMG)

Easy access to the money market (Euronext, Alternext, London Stock Exchange)

Results of the on-line surveyFeedback of 107 participants

1: A job as Treasurer becomes more interesting in aneconomic downturn

About 25% does NOT agree

Curious: who did not agree and why?

The market informs us that the economic downturn makes the treasury job more challenging and interesting

2: The importance of a Treasurer in an organisation has grown since the economic crisis

3: In times of economic crisis where cash becomes a key area of focus, a CFO with a background in treasury is of more value than a CFO with a background in accounting

65% Agrees

We will elaborate on this question at the end of the presentation

4: The Treasurer should come down from his/her ivory tower and get more involved with the business

Are you enough involved in the business at the moment?

5: A RC degree is critical to advance from a treasuryposition into a FD/CFO function

29 % agrees that a RC is a critical advantage

The majority thinks that accounting skills are needed

Do you want to become a CFO/FD?

MORE RESPONSIBILITY

TREASURY WILL GET BORING

PERSONAL DEVELOPMENT

MONEY

WITH 45 YOU ARE OLD

STATUS

7/10/13: As a Treasurer you have what it takes to becomea FD/CFO

37% agree

39% is neutral

24% does not agree

50% has the ambition to become a FD/CFO

Is additional education really necessary to make a step towards FD/CFO?

6: I have deliberately chosen a career in treasury

Is it your ambition to grow as a Treasurer within different companies?

Do you have enough accounting/controlling knowledge to become a FD/CFO?

8/9: Which career step towards FD/CFO works?

45% thinks you need a step into accounting/controlling

Internal or directly external; you don’t know!

11: The required skills of a Treasurer are the same as that of a CFO

12/14: Within the treasury profession you will always find a suitable job

40% thinks he/she will always find a suitable job

54% disagrees with ‘Once a Treasurer always a Treasurer’

Hard skills you need

Accounting knowledge

Controlling experience

Financial strategy and working capital knowledge

Finance education, the broader the better

Business knowledge

Soft skills required

Trustworthy personality and politics awareness

Strong managerial skills

Vision about the business and future

Relationship building, internally and externally

Excellent communication skills

Charisma

Career advice and decision-making moments

Education

First of second step in career; try not to specialise from the start

Don’t be afraid to take a step horizontally

Consider a step internally

Luck!!

Within 5 years; do you still work in treasury?

Thanks for your attention!