Senior treasury/finance executive with 15 year international experience and demonstrated leadership skills in all areas of treasury management including debt issuance, derivatives management, bank/investor relationship management, cash management, financial analysis and documentation. MBA with concentration in international finance. Multilingual. |
TREASURER / DIRECTOR OF CAPITAL MARKETS
Hands-on Treasury and Capital Markets executive with 15-year international career at General Motors Acceptance Corporation (GMAC). In-depth experience across all areas of treasury and capital markets, including public and private debt issuance, derivatives execution, liability risk management, bank/investor relationship management, cash management, financial analysis and credit agreement negotiation. MBA with concentration in International Finance. Multilingual.
1999 to present
DIRECTOR, GMAC EUROPEAN TREASURY CENTER - CAPITAL MARKETS
Brussels, Belgium
Responsible for securing the daily liquidity needs and liability risk management requirements of 23 related GMAC financing entities in 19 European countries with debt totaling more than USD 15 billion equivalent. Role was expanded in June 2005 to include responsibility for European bank/supplier relationship management encompassing more than USD 7 billion. Lead international staff of 5 treasury professionals.
Monitored and set the daily pricing of the corporation's capital markets debt issuance programs in Europe (Euro Commercial Paper, European Retail Notes, Euro Medium Term Notes) and debt repurchase programs exceeding USD 7.5 billion in outstandings.
Nurtured and managed capital market relationships with corporate and investment banking suppliers to ensure uninterrupted access to money and capital market funding. Represented GMAC at the American Financial Services Association (AFSA) annual European investor forums. Accompanied CFO on European non-deal roadshows, investor meetings and senior relationship bank meetings.
Negotiated, transacted and documented a record 83 Euro Medium Term Notes and bond transactions of more than USD 5 billion with commercial and investment banks. Issuance occurred within a one-year period and in a rapidly deteriorating corporate credit rating environment.
Treasury leader responsible for the implementation of a USD 5 million pan-European treasury management workstation (Fkit/Trema) to standardize and centralize treasury transaction management, back-office, reporting and related accounting across the European entities. The resulting efficiencies made possible the elimination of the positions of one treasury dealer and one back-office staff member.
Negotiated documentation and implemented a multi-issuer, multicurrency EUR 7.5 billion Commercial Paper program to diversify funding sources and to replace and consolidate issuance of domestic commercial paper programs in several European countries. Outstanding debt exceeded EUR 4 billion six months after program launch and interest cost savings of EUR 5 million per annum were realized. Received "GM Chairman's Honors" award for these accomplishments.
Responsible for the monthly liability risk management recommendations to senior management that outline the operations' optimal fixed/floating interest rate support and funding strategies.
Executed a pan-European liquidity forecasting program to optimize cash, borrowing and contingency funding requirements.
Established a EUR 4 billion European intercompany cash pooling and on-lending facility for 25 related financing entities which facilitated more efficient funding and use of idle cash across Europe.
Managed the European derivative portfolio of USD 5 billion to hedge the region's interest rate and currency exposures while ensuring proper adherence to corporate hedge strategy guidelines and FAS133 requirements.
Supervsed the preparation of the operations' weekly cost of funds calculations from which retail, lease, and dealer loan financing products are priced for GMAC's customers.
Established, tested and documented the necessary controls for the treasury center to adhere to Sarbanes-Oxley requirements.
Conducted new country entry analysis, negotiated and implemented credit agreements, and devised borrowings strategy to establish and manage funding for the start-up of GMAC's Slovenian operation.
Delivered local market borrowings analysis and recommendations related to the potential purchase of an Israeli automotive finance and leasing company.
1998 to 1999
DIRECTOR, GMAC ASIA-PACIFIC TREASURY CENTRE
Melbourne, Australia
Promoted to this position. Relocated the treasury office from Singapore to Melbourne to integrate the Asian treasury operations within GMAC's regional headquarters in Australia following the Asian economic crisis.
Trained and developed local staff with no former international funding experience to assume responsibility for the liability management of GMAC financing operations in the Asia-Pacific region totaling USD 2.5 billion of debt.
Negotiated documentation and established domestic Commercial Paper and Medium Term Debenture programs for GMAC's Indian operations.
Delivered funding analyses and recommendations to senior Operations management to support GMAC's eventual entry into China.
1995 to 1998
MANAGER, GMAC ASIAN TREASURY CENTER
Singapore
Promoted and assigned to Singapore to establish a new treasury office with oversight of borrowing and funding for the Asian region.
Executed derivative transactions on behalf of GMAC operations in the region.
Coordinated and streamlined regional banking relationships and credit line availability.
Negotiated and arranged credit agreements for the company's operations in Indonesia, Thailand, India and Taiwan.
Analyzed and formulated new country borrowings strategies for India and the Philippines.
1993 to 1995
MANAGER, GMAC EUROPEAN TREASURY CENTER
Brussels, Belgium
Negotiated, executed and documented the company's issuing transactions under its ECU 3.5 billion Euro Medium Term Note Program.
Annually updated EMTN program documentation and issuing procedures.
Established a derivatives program and negotiated ISDA Agreements with swap counterparties to support funding programs for the European and Australian operations.
Responsible for the tax reporting requirements of a Dutch special-purpose finance company. Trained and managed staff of two financial analysts.
1989 to 1993
SENIOR FINANCIAL ANALYST, GMAC EUROPEAN TREASURY CENTER
Brussels, Belgium
Provided recommendations and strategy to Director to coordinate centralization of all of the European operations' borrowings activities within the Brussels office.
Arranged and executed ongoing medium-term bank funding on behalf of the branch operations.
Provided borrowings recommendations to support operations' daily short-term funding requirements.
Delivered economic analyses and interest rate forecasts to management.
1988
INTERN, FOREIGN CREDITS DEPARTMENT
Bayerische Vereinsbank
Munich, Germany
Assisted in the risk analysis of the bank's offshore credits.
EDUCATION
Thunderbird, The Garvin School of International Management
MASTER OF BUSINESS ADMINISTRATION, 1988
The University of Texas at Arlington
BACHELOR OF BUSINESS ADMINISTRATION, 1986
LANGUAGES
English, mother tongue
Fluent in conversational Dutch
Proficient in French and German
PROFESSIONAL AFFILIATIONS
Founding Member, European Treasurers' Peer Group
OTHER
US Citizen; able to work in EU member states |
