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The New World of Cash / Navigating Roadblocks

January 20, 2016 @ 1:30 pm - 5:30 pm

State Street Financial Center
1 Lincoln St., Harborview Room, 36th fl.

1:30-2:00Registration - Networking
2:00-3:15Transforming a Global Treasury Organization from "Transactional" to "Strategic"
3:15-4:30Bitcoin: Fear, Uncertainty, Doubt (FUD)

The New World of Cash

Moderated by:  Mark E. Kelly, Vice President, State Street Fund Connect
Will Goldthwait, Vice President US Portfolio Strategist, State Street Global Advisors

Philip Picariello, Senior Vice President, Head of Short-Term Investment Management, eSecLending

In this session, speakers discuss the “New World of Cash” facing treasurers and cash managers today—persistently low interest rates, regulatory reform, and the shortage of high-quality short-term securities available in the market. They layout the challenges and then move on to how these challenges can be met head on by cash investors. Starting with the basics like Investment Policy Statement review and stakeholder alignment, speakers summarize by presenting action steps the audience can take to optimize their portfolios in these difficult market conditions.

Navigating Roadblocks: Intermediate Treasury Issues

presented by:
Stacey Desrochers, CTP, Treasurer, Bruker Corporation

Tracy Sorrell, CTP, Director, Global Treasury, Haemonetics Corporation
Jack Wagner, CTP, SVP/Treasurer, HarbourVest Partners, LLC

Working in a treasury environments of doing more with fewer resources, three senior corporate treasury practitioners lead a discussion on various intermediate/advanced treasury topics, providing insights, tips, and lessons learned. You will have the opportunity to discover new topics, brush up on old skills, or deepen your knowledge on various topics including: Credit Agreements, Share Repurchase Programs, Global Cash Management structures. Recent regulatory changes such as FACTA, FBAR, and Basel III and their impact on corporate treasury will be discussed.

Approved for up to 1.2 CTP/CCM recertification credits by the Association for Financial Professionals.

Members: No Charge
Non-Members: $35

Pre-registration required.  Please sign up by January 19.

About the speakers

Stacey Desrochers, CTP, Treasurer, Bruker Corporation
Dynamic treasury professional with over 20 years of experience who knows how to leverage human resources as well as technical skills to achieve business objectives. Expertise in domestic and international cash management, foreign exchange, investor relations, corporate finance, debt financing, pension, 401K and stock option administration, insurance, risk management and tax deferred legal entity planning. Professional Experience includes Treasurer at Bruker Corporation from 2008 to present, Assistant Treasurer at Gerber Scientific from 2006 – 2008, Global Treasury Operations Manager at Cabot Corporation from 1999 – 2006, Senior Treasury Risk Analyst at Fidelity Investments from 1996 – 1999, and Treasury Analyst at Sun Life of Canada from 1994 to 1999. Education includes a M.B.A. in International Business from Bentley University and a B.S.B.A. in Finance and Economics from Western New England University.
Will Goldthwait, Portfolio Strategist, State Street Global Advisors
Will is a Vice President, Portfolio Strategist at State Street Global Advisors. He is a member of the Global Cash and Global Fixed Income Investment Management Teams. Will is responsible for the communication of cash and fixed income investment strategy and performance to clients, consultants and prospects. He covers multiple sectors and vehicles, including both active and indexed fixed income.
Prior to joining SSGA in 2014, Will spent time on both the advisory and brokerage side of the business. Most recently he was part of Royal Bank of Scotland’s Institutional Fixed Income Sales team and Merrill Lynch’s Institutional Money Market Sales Team. Prior to Merrill Lynch will worked as a Money Market Portfolio Manager and Fixed Income Trader for Columbia Management and Fleet Investment Advisors.
Will received his BA from Roanoke College and has his Series 7 and 63 Securities License.
Mark E. Kelly, Vice President, State Street Fund Connect
Philip N. Picariello, Senior Vice President, Head of Short-Term Investment Management, eSecLending
Philip Picariello is a Senior Vice President and serves as the Head of Short-Term Investment Management at eSecLending. In this role, he is responsible for the overall leadership of the investment management function, including strategy formulation, portfolio construction, trade execution and guideline development/adherence. Philip joined eSecLending in 2002 and was one of the original members of the company’s Investment Management team, facilitating the design and implementation of the investment management function for the firm. Philip has a background in fixed income securities, portfolio construction and portfolio management, with more than 16 years of experience in the investment management industry. Prior to working at eSecLending, Philip held positions at Batterymarch Financial Management Inc., Deutsche Asset Management (formerly Scudder Kemper Investments) and Putnam Investments. Philip graduated magna cum laude with his Bachelor of Science in Business Administration from Northeastern University. Philip is a member of both the CFA Institute and the Boston Security Analysts Society.

Tracy Sorrell, CTP, Director, Global Treasury, Haemonetics Corporation
Tracy Sorrell is a treasury professional with over 17 years experience. Tracy is currently Director Global Treasury at Haemonetics Corporation and has responsibility for the company’s core treasury functions, including global cash management, investments, foreign exchange management and debt. Tracy previously worked in corporate treasury at Genzyme, Reebok, and Millipore corporations. Tracy earned undergraduate and graduate degrees from the University of Rhode Island and New York University – Stern School of Business, respectively, and is a Certified Treasury Professional (CTP).
Jack Wagner, CTP, Senior Vice President/Treasurer, HarbourVest Partners, LLC


January 20, 2016
1:30 pm - 5:30 pm
Event Category:


State Street Financial Center
1 Lincoln St.
Boston, 02109 United States
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