exclusive sponsor building a more strategic treasury

Lotte New York Palace New York, NY

May 21-23, 2017

BUILDING A MORE STRATEGIC TREASURY

Exclusive Sponsor

Schedule-at-a-Glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Program Agenda . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

Monday, May 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

Tuesday, May 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Recertification Credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

2017 Executive Forum Task Force . . . . . . . . . . . . . . . . . . . 21

Bank of America Merrill Lynch . . . . . . . . . . . . . . . . . . . . . 22

//TABLE OF CONTENTS

Exclusive Sponsor

Executive Forum

The Exclusive Event for Treasury and Finance Leaders

Lotte New York Palace New York, NY May 21-23, 2017

//SUNDAY, MAY 214–7 p .m . EVENT REGISTRATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes Foyer Fourth Floor

5:30–7 p .m . OPENING RECEPTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Drawing Room & Library Third Floor

//MONDAY, MAY 227–8 a .m . BREAKFAST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes Foyer Fourth Floor 7 a .m .–6:15 p .m . PERSONAL BRANDING: Managing Your Social Network to Maintain Your Net Worth . . . . . . . . . . . . Holmes Foyer Fourth Floor

8–9 a .m . OPENING KEYNOTE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes I & II Fourth Floor

9–10:15 a .m . GENERAL SESSION PANEL DISCUSSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes I & II Fourth Floor

10:15–10:45 a .m . REFRESHMENT BREAK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes Foyer Fourth Floor

10:45 a .m .–12 p .m . CONCURRENT ROUNDTABLES

OPTION 1: Global Treasury Structures: Do you have the Right Structure to Support Corporate Strategy? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kennedy I Fourth Floor

OPTION 2: Payments in a Fintech World . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kennedy II Fourth Floor

OPTION 3: FX Markets and Interest Rates are on the Move: Are you Ready? . . . . . . . . . . . . . . . . . . . . . . Louis Room Fourth Floor

12–1:30 p .m . KEYNOTE LUNCHEON . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes I & II Fourth Floor

1:30–2:45 p .m . CONCURRENT ROUNDTABLES

OPTION 1: Share Buybacks as Part of Capital Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kennedy I Fourth Floor

OPTION 2: Investments in a Changing Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kennedy II Fourth Floor

OPTION 3: Cyber Risk Response Plan and Business Continuity Planning . . . . . . . . . . . . . . . . . . . . . . . . . . . Louis Room Fourth Floor

2:45–3:15 p .m . REFRESHMENT BREAK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes Foyer Fourth Floor

3:15–4:45 p .m . GENERAL SESSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes I & II Fourth Floor

4:45–6:15 p .m . RECEPTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The Apartment Fourth Floor

//TUESDAY, MAY 238–8:30 a .m . BREAKFAST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes Foyer Fourth Floor

8:30–9:30 a .m . GENERAL SESSION PANEL DISCUSSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes I & II Fourth Floor

9:30–9:45 a .m . BREAK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes Foyer Fourth Floor

9:45–10:45 a .m . CONCURRENT ROUNDTABLES OPTION 1: Geopolitical Risk = Financial Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kennedy I Fourth Floor

OPTION 2: Treasury & Corporate Sustainability: Getting the Attention of your Investors . . . . . . Kennedy II Fourth Floor

OPTION 3: The Treasurer’s Role in Employee Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Louis Room Fourth Floor

10:45–11 a .m . REFRESHMENT BREAK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes Foyer Fourth Floor

11:00 a .m .–12:15 p .m . CLOSING KEYNOTE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holmes I & II Fourth Floor

SCHEDULE AT-A-GLANCE

SCHEDULE AT-A-GLANCE 1

PROGRAMAGENDAMONDAY MAY 22

2 PROGRAM AGENDA

PROGRAM AGENDA //MONDAY, MAY 22

SPEAKERS

MARIO MANNA Co-FounderNightberg

BIRGIR HARALDSSONCo-Founder

Nightberg

The study of economics, politics, capital flows and how state-of-the-art big data services can expand the corporate treasurers to new horizons .

CPE Field of Study: FIN

LEARNING OBJECTIVES

• Examine the potential rewards of incorporating global macro strategies in treasury decision-making

• Understand the intersection of global economic/political factors informing investment decisions

8–9 a.m. OPENING KEYNOTE HOLMES I & II Fourth Floor

GLOBAL MACRO ANALYSIS AS A TOOL FOR CORPORATE TREASURERS

PROGRAM AGENDA 3

PROGRAMAGENDAMONDAY MAY 22

4 PROGRAM AGENDA


9–10:15 a.m. GENERAL SESSION PANEL DISCUSSION HOLMES I & II Fourth Floor

CHIEF TREASURY OFFICER: HOW TO BE MORE STRATEGIC

The AFP Strategic Role of Treasury Survey shows treasurers have assumed responsibilities well beyond their usual functions and are building a case for Chief Treasury Officer . Discuss proactive steps you can take to meet the challenges and capitalize on the opportunities that this more strategic role presents .

CPE Field of Study: BMO

LEARNING OBJECTIVES

• Understand the broadening of the traditional treasury functions to incorporate new, and increasing responsibilities

• Review the results of AFP’s Strategic Role of Treasury Survey to identify the ways in which the treasury role is changing

SPEAKERS

BRIAN BEGG Treasurer, WESCO International

JOEL CAMPBELL Treasurer & CRO, H&R Block

JOHAN NYSTEDT Vice President, Treasury & IR Conagra Brands

CRAIG MARTIN Director, Executive Programs and Treasury Practice Lead AFP, Moderator

PROGRAM AGENDA 5


10:45 a.m.–12 p.m. CONCURRENT ROUNDTABLES (3 OPTIONS)

OPTION 1 Kennedy I Fourth Floor

GLOBAL TREASURY STRUCTURES: DO YOU HAVE THE RIGHT STRUCTURE TO SUPPORT CORPORATE STRATEGY?SPEAKERS

MELANIE MILLER Treasurer, Bemis

RUSSELL HOFFMAN Director, Market & Treasury Risk, KPMG

FERDINAND JAHNEL Treasurer, Marsh & McLennan Companies

With organizational growth comes more demands on your global treasury; therefore, you must be able to support that growth with more sophisticated structures . Gain insights from a treasurer who has traveled the path, and from one who is in the middle of the journey as you determine the right structure for your company .

CPE Field of Study: BMO

LEARNING OBJECTIVES

• Factors to consider in determining the structure that best supports changing global treasury functions

• Hear first-hand perspectives on the process and challenges in establishing new treasury structures

6 PROGRAM AGENDA


OPTION 3 Louis Room Fourth Floor

FX MARKETS AND INTEREST RATES ARE ON THE MOVE: ARE YOU READY? SPEAKERS

DAVID KUHL Vice President, Tax & Treasury, Diebdd Nixdorf

AMOL DHARGALKAR Managing Director, Chatham Financial

AARON COWAN Executive Director, Global Head of Corporate Hedge Accounting, Chatham Financial

Over the last year, populist votes around the globe and geopolitical tensions have made a sound currency hedging program more vital than ever . Dive into some of the different hedging strategies you may deploy so that you can stay on top of the markets and risks . Learn which strategies and hedge accounting rules to consider and apply to your particular situation .


LEARNING OBJECTIVES

• Identify key hedging strategies for implementation

• Understand application of new hedge accounting rules

OPTION 2 Kennedy II Fourth Floor

PAYMENTS IN A WORLD OF FINTECHSPEAKERS

ERIC MATHENY Vice President of Treasury, Allianz

JONATHAN LEAR Global Head of Corporate Development and Strategic Partnerships, Earthport

JASON TIEDE Managing Director, Strategy and Innovation, GTB, BAML

MAGNUS CARLSSON Manager of Payments and Treasury, AFP, Moderator

Fintech has gained significant traction over recent years and will hit your desk in 2017, especially as applied to payments . Two companies will share practical applications of global payments and blockchain and how these new technologies are making processes far more efficient .


LEARNING OBJECTIVES

• Discuss the significance of the rapid intersection of finance and technology

• Learn about the new technologies and effect on processes

PROGRAM AGENDA 7

8 PROGRAM AGENDA


KEYNOTE SPEAKER

CHRISTIAN MEISSNER Head of Global Corporate &

Investment Banking, Bank of America Merrill Lynch

In 2017, global banking faces unparalleled transformation propelled by regulatory change, political climates, and digitization . What opportunities and risks become inherent in the markets upon which we focus?


LEARNING OBJECTIVES

• Understand the current and future state of global banking

• Discuss the existing risks and opportunities that businesses can face when operating globally

12–1:30 p.m. KEYNOTE LUNCHEON HOLMES I & II Fourth Floor

THE NEW WORLD OF GLOBAL BANKING AND OPPORTUNITIES AND RISKS FOR BUSINESSES AROUND THE WORLD

PROGRAM AGENDA 9


SHARE BUYBACKS AS PART OF CAPITAL STRUCTURESPEAKERS

MACK MAKODE Assistant Treasurer, Mylan Pharmaceuticals

MICHAEL SOMMER Assistant Treasurer, The Scotts Miracle-Gro Company

GREGORY V. MILANO Chief Executive Officer, Fortuna Advisors

Do share repurchases return value to the shareholder? Learn from an expert in the field with over 20 years of experience as well as two corporates who will share their outlook and capital strategies . Explore the perceived versus real ROI on share repurchases and how it could be done better for you .


LEARNING OBJECTIVES

• Assess the reality of perceived shareholder gains on buybacks

• Discuss varying perspectives on the value of buybacks

10 PROGRAM AGENDA

1:30–2:45 p.m. CONCURRENT ROUNDTABLES

(3 OPTIONS)




CYBER RISK RESPONSE PLAN AND BUSINESS CONTINUITY PLANNING SPEAKERS

JOEL CAMPBELL Treasurer and CRO, H&R Block

TOM DURKIN Managing Director, Digital Channels, Bank of America Merrill Lynch

The risk of a cyber attack is almost 100% . Do you have a plan to fight back? H&R Block battles cyber risk everyday while protecting millions of tax records on file . Learn from H&R Block’s Chief Risk Officer who also wears the treasurer hat on the steps that go into their cybersecurity planning and how you can protect your transactions and recover from a security breach .

CPE Field of Study: IT

LEARNING OBJECTIVES

• Takeaway ideas for designing a cyber security plan

• Recognize the pervasiveness of cyber risk that requires constant vigilance


INVESTMENTS IN A CHANGING MARKET SPEAKERS

GEOFF NOLAN Head of Investments, Qualcomm

JEROME SCHNEIDER Managing Director, Head of Short Term Portfolio Management, PIMCO

TOM HUNT Director, Treasury Services, AFP, Moderator

Global turmoil and a new administration in Washington have called into question many of the assumptions used to make investment decisions . Hear from the manager of a multi billion dollar investment portfolio and the managing director of one of the largest asset management companies in the world as they discuss both short-term and long-term investment strategies and determine the right investment policy to have in place during these volatile times .


LEARNING OBJECTIVES

• Rethinking current investment policies within changing political structures

• Discuss strategies to consider when investing for the near term or for the future

PROGRAM AGENDA 11

12 PROGRAM AGENDA //MONDAY 22


3:15–4:45 p.m. GENERAL SESSION HOLMES I & II Fourth Floor

PERSONAL BRAND, PROFESSIONAL LEGACY Develop a clear strategy to grow your personal brand and professional legacy with this highly interactive and engaging session . Identify key components of your brand and improve your visibility as you continue to increase your influence in the industry .

CPE Field of Study: PD

LEARNING OBJECTIVES

• Discuss strategies for developing a personal brand

• Consider strategies for establishing a professionally legacy

SPEAKER

CORRIE SHANAHAN CEO

The Beara Group LLC

12 PROGRAM AGENDA

PROGRAM AGENDA 13

PROGRAM AGENDA //TUESDAY, MAY 23

14 PROGRAM AGENDA

PROGRAMAGENDATUESDAY MAY 23


PROGRAM AGENDA 15

8:30–9:30 a.m. GENERAL SESSION HOLMES I & II Fourth Floor

AN INSIDER’S VIEW ON CORPORATE TAX REFORMAs a result of the November elections, the potential for meaningful corporate tax reform is real, making the partnership between tax and treasury more critical than ever . Discuss current tax proposals, the views of key Congressional leaders, the outlook for enacting significant changes to the tax code in the coming year, and how these will affect you .

CPE Field of Study: TX

LEARNING OBJECTIVES

• Discussion of today’s tax proposals and the potential impact on business

• Examination of the growing importance of treasury and tax partnership

SPEAKERS

RUSSELL KOHL Senior Vice President, Treasury & Tax

Fiserv

ALEX BROSSEAU Senior Manager,

Washington National Tax, Tax Policy Group

Deloitte Tax LLP

DAVID KUHL Vice President of Tax and Treasury

Diebold Nixdorf


GEOPOLITICAL RISK = FINANCIAL RISKSPEAKERS

BRIAN BEGG Treasurer, WESCO International

EVAN FREELY Managing Director, Global Practice Leader, Credit and Political Specialties, Marsh

The 2017 AFP Risk Survey found that geopolitical risk is raising concerns about losing customers, currency volatility, and supply chain disruptions . A corporate with global risk management responsibility and the head of geopolitical risk at Marsh will help you identify areas of risk and ways to mitigate them . Walk away with a clearer understanding of how geopolitical risks may manifest themselves as real financial risks .

CPE Field of Study: ECON

LEARNING OBJECTIVES

• Review the findings of AFP’s Risk Survey to understand the potential impact of geopolitical risk

• Identify areas where risk exists and ways to mitigate

16 PROGRAM AGENDA


9:45–10:45 a.m. CONCURRENT ROUNDTABLES

(3 OPTIONS)


THE TREASURER’S ROLE IN EMPLOYEE BENEFITSSPEAKERS

MELANIE MILLER Treasurer & Chair, ERISA Benefits Committee, Bemis

BETSY DILL Senior Partner, US Financial Wellness Advisory Leader, Mercer

Employee Health & Financial Wellness benefit plans are increasingly important to attract and retain top talent in a competitive marketplace . Many treasurers have taken on the role of overseeing 401k plans as well as partnering more with Human Resources on other plans . Do you have all of the tools you need for this new area?


LEARNING OBJECTIVES

• Discuss the new partnership role between Human Resources and Treasury

• Identify the key elements for managing employee benefit plans under the treasury umbrella


TREASURY & CORPORATE SUSTAINABILITY: GETTING THE ATTENTION OF YOUR INVESTORSSPEAKERS

SEAN BAGAN Vice President, Finance & Treasurer, Polaris

DREW WOLFF Vice President, Treasury & Risk Management, Starbucks

Your investors are finding corporate sustainability and ESG more of a priority . How can you help ensure these investors stay on board and capitalize on the sustainability movement? Treasurers from two different industries discuss their role in funding corporate sustainability initiatives and the benefits of doing so .


LEARNING OBJECTIVES

• Understand investors’ interest in corporate sustainability and profitability

• Hear perspectives about the part that treasurers play in funding their organization’s sustainability initiatives


PROGRAM AGENDA 17


As an investigative journalist, David sometimes may spend years on one story before it is published . Hear from this Pulitzer Prize-winning writer as he talks about some of those stories, and also discusses with us the process of going about developing such newsworthy stories, and the importance of a free press .

11 a.m.–12:15 p.m. CLOSING KEYNOTE HOLMES I & II Fourth Floor

THE CRAFT OF INVESTIGATIVE REPORTING AND THE IMPORTANCE OF A FREE PRESS

DAVID BARSTOW Senior Writer & 3 time

Pulitzer Prize winner, The New York Times

KEYNOTE SPEAKER

18 PROGRAM AGENDA


PROGRAM AGENDA 19

RECERTIFICATION CREDITSCTP/CCM/FP&A The 2017 Executive Forum is approved for up to 11 .1 CTP/CCM and FP&A recertification credits . Credit is earned at the rate of one credit per 50 minutes of treasury/cash management or finance-related session time, including questions and answers .

For more information regarding administrative policies, including submitting a complaint, please contact AFP at 301 .907 .2862 or by e-mail at AFP@AFPonline .org .

CPE CREDITS

Please complete the CPE verification form located at the registration table . Return onsite or via email to msolomon@afponline .org

The Association for Financial Professionals is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors . State boards of accountancy have final authority on the acceptance of individual courses for CPE credit . Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 .

www.nasba.org

Number of CPE credits: Up to 11.1

Method: Group Offering Live

Prerequisites: None

Program Level: Advanced

20 RECERTIFICATION CREDITS

www.nasba.org

[email protected]

[email protected]

RESOURCES

The Association for Financial Professionals is the professional society committed to advancing the success of its members and their organizations . AFP established and administers the Certified Treasury Professional and Certified Corporate FP&A Professional credentials, which set standards of excellence in finance . Each year, AFP hosts the largest networking conference worldwide for over 6,500 corporate finance professionals .

THE 2017 EXECUTIVE FORUM TASK FORCE

TASK FORCE CHAIR:

Brian Begg Treasurer WESCO International

Sean Bagan Vice President & Treasurer Polaris Industries

Joel Campbell Treasurer & CRO H&R Block

Eric Matheny, CTP Vice President & Treasurer Allianz Global Corporate & Specialty

Melanie Miller Vice President & Treasurer Bemis

Drew Wolff Vice President, Treasury & Risk Management Starbucks

RESOURCES 21

100 N . Tryon Street, Charlotte, NC 28255800 .492 .6431www .baml .com

Bank of America Merrill Lynch is one of the world’s largest financial institutions, providing a full range of banking, investing, asset management and other financial products and services . It is a leading global bank and wealth management franchise and a premier corporate and investment banking and capital market business, providing innovative services in M&A, equity and debt capital raising, lending, trading, risk management, research, and liquidity and payments management . Clients and customers can expect access to a comprehensive suite of world class products, services, and expertise from an organization that serves clients through operations in more than 40 countries and has relationships with 97 percent of the U .S . Fortune 500 companies and 73 percent of the Fortune Global 500 .

For additional information regarding Bank ofAmerica Merrill Lynch, please visit baml.com .

EXCLUSIVE SPONSOR PROFILE

22 EXCLUSIVE SPONSOR

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“ Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed. ©2017 Bank of America Corporation. ART64LQT 03-17-0536

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