After several years of growing economic growth, the red sky at morning is causing investors to take warning that the long anticipated recession may be finally washing up on the global shores. Negative rates and inverted yield curves are signals of the global slowdown that has been exasperated by trade disputes, Brexit, demographics and political instability.
Although the Federal Reserve and most other central banks are attempting to quell fears of uncertainty by lowering rates and adding liquidity to the system, their collective efforts to date have had little impact on bolstering sentiment and may even be contributing to the heightened anxiety. As a result, investors have been finding protection from increased volatility in money market funds and other near cash equivalents.
During this presentation Kerry will provide an overview of the dramatic shift in market conditions and investors reactions to the heightened uncertainty.
Hedging Against Disruption via Real-Time Treasury: A Strategy for 2020 and Beyond
presented by Cody Mamone, PNC Bank
Disruption is more pronounced than ever before, driven by technology-enabled business models that are shaping our economy as we know it into what some call the “third industrial revolution”. Legacy enterprises must remain both relevant and tactical in response, especially in the evolution of Treasury’s role in being a strategic value-creator for a firm’s financial function.
The U.S. payments space and transactional banking infrastructure is in a Renaissance period at the moment, with investment in digital innovation across the financial sector continuing to grow year after year. There’s one goal: to drive transformation across the treasury management industry and solve complex problems between cash and data.
With limited resources and IT capacity, scaling capabilities as a financial function is a never-ending path of evolution. How can Treasury departments maximize financial & operational performance while capitalizing on technology & innovation? The goal of this one-hour interactive discussion is to enable problem-solving as it relates to transacting business across the supply chain of tomorrow.
Members: No Charge
Approved for up to 2.4 CTP/CCM recertification credits by the Association for Financial Professionals at the rate of one credit for each 50 minutes of attendance.
Approved for up to 2.4 FP&A recertification credits by the Association for Financial Professionals at the rate of one credit for each 50 minutes of attendance.
Kerry Pope is an institutional portfolio manager in the Fixed Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, he provides strategy and communications to business partners regarding the management of Fidelity Institutional Asset Management (FIAM) Liquidity Management Solutions. Prior to joining Fidelity in 2011, Mr. Pope was senior vice president of liability management at State Street Corporation, Treasury, from 2004 to 2008. Previously, he served as senior vice president of global money markets at State Street Corporation, FX Money Markets, for 10 years. He has been in the financial industry since 1986. Mr. Pope earned his bachelor of science degree in business administration from the University of New Hampshire and his master of business administration degree in finance investments from Boston University. He is also a CFA® charterholder.
Cody Mamone, CTP, Vice President, PNC Bank
Cody Mamone, CTP is a solutions advisor for PNC’s Treasury Solutions Group. In this role, Cody draws on his own experience as a corporate treasury professional to advise companies on how PNC’s strategic solutions can help them achieve their complex treasury needs. He joined PNC in November 2017. Prior to joining PNC, Cody spent time working as a treasury manager in the energy industry, experience that gives him a deep understanding of the challenges facing corporate treasurers. Most recently, he worked at for Nuverra Environmental Solutions, an oil field services company undergoing a $500MM+ restructuring. As Nuverra’s treasury manager, Cody built a standalone treasury function and was responsible for forecasting and preserving liquidity, maintaining an optimal credit facility, and managing relationships with outside advisors. He also worked at Western Refining, one of the largest U.S. downstream oil and gas companies, where he managed treasury operations for three public companies, including a newly spun-off master limited partnership. As an analyst, Cody helped to optimize the capital structure and strategic balance sheet investments, cash flow forecasting, as well as modeled commodity and interest rate risks. Cody earned a Bachelor of Science in finance and a Certificate in International Business Studies from the W.P. Carey School of Business at Arizona State University. He is an active member of the Association of Financial Professionals (AFP), a Certified Treasury Professional (CTP), an Accredited Order-to-Cash Solution Consultant (AOCSC), and an Accredited Procure-to-Pay Solution Consultant (APPSC). Cody is based in PNC’s New York City office.