Date: Wednesday, October 7th 2020
Time: 10:30AM HKT/SGT
Duration: 60 Minutes


Summary

 


Money market funds (MMFs), which often can be overlooked by Asian corporate treasurers, can offer flexibility to access and deploy cash quickly during a liquidity event.


Although some headlines depicted MMFs in a negative light during March and April, when market stresses were at their height, they delivered on their main objectives of preservation of capital and liquidity whilst providing same-day access to cash for their investors.


Further, as the economic pain of the covid-19 crisis endures and as treasurers in Asia review their liquid investment options, assessing the merits of an allocation to MMFs as a way of preserving capital should be considered during a period of lower interest rates.


As Treasurers look to the future;


  • How will MMFs deliver yield in an era of seemingly endless lower for longer interest rates?
  • Will the convergence of yield between prime liquidity funds and ESG-related funds continue after recovery?
  • In what conditions should treasurers balance their risk-return objectives, given cash management is set to take a more central role in organisations’ core strategies as they typically balance, increased debt positions with lower cash yields and creased revenue drivers?


The ‘Money Market Case Study’ webinar will convene experienced treasurers and MMF experts to discuss:

The current

  • The global view of past performance during the covid-19 pandemic market stress
  • How to structure a cash investment program under a changing economic landscape
  • The risk assessment process of investing in different types of asset classes (including MMFs)
  • Case studies on practical experiences of getting access to cash quickly and in the jurisdiction that its required.


The future

  • Balancing preservation and yield objectives in a low rate environment
  • ESG and sustainability-linked Cash Funds

 


Speakers

 

 
 Daniel Maley
 Vice President, Lead Product Strategist for APAC Cash Management
 BlackRock



Daniel Maley, Vice President, is the lead Product Strategist for the Asia Pacific Cash & Short Duration liquidity business for BlackRock, based in Hong Kong. Mr. Maley is responsible for developing and implementing short-term investment solutions for clients, through pooled funds and separately managed accounts. Mr. Maley provides a link between the investment and distribution teams and is a lead relationship manager for separate accounts. Mr. Maley’s service with the firm dates back to 2012, prior to his relocation to Asia, he was based in both London and Philadelphia as a member of the International Cash and Short Duration Product Strategy team.
Mr. Maley earned a BS degree in Accounting from Fairfield University in 2011.
 
 
 Jason Horn
 Director, Head of the APAC Cash Management Business,
 BlackRock


Jason Horn, Director, is the head of the APAC Cash Management business based in Hong Kong. Mr Horn is responsible for the development of the cash market infrastructure and sales distribution channels across the APAC region.
Prior to his current role, Mr Horn worked within the International Cash Management business as an Institutional Sales representative based in London. Mr Horn was responsible for the distribution of BlackRock's cash fund series and separate account products. His responsibilities included driving the international component of the Bank of America channel acquired in April 2016. 
As an experienced banking professional and chartered accountant, prior to his move to BlackRock, Mr Horn spent 5 years working for Bank of America Merrill Lynch (London). He spent 3 years as the Director, Head of EMEA Institutional Sales for the Global Capital Management business and 2 years working within the Bank of America Global Corporate and Investment Bank as an Institutional Liquidity and Investment Advisor. In this role he worked with clients to define and execute their fixed income investment strategies, within the short-term investment and structured products channel.
Prior to joining Bank of America Merrill Lynch, Mr Horn spent 18 months at the Royal Bank of Scotland (London) within the International Liquidity and Investment Management Division as an Institutional Fixed Income Advisor. He also spent 5 years with American Express Financial Services both in Europe and Australia within the corporate development / network services division working on several acquisitions, franchising and reengineering assignments. Prior to American Express, Mr Horn worked with Ernst & Young within their corporate finance, property and construction division as a graduate and later senior consultant. 

 
 Rakesh Kochhar
 Senior Vice President, Corporate Treasurer and Global Head of Sales Finance,
 Nissan Motor Corporation


Rakesh oversees Nissan’s treasury activities globally and also is global head of automotive sales finance business. As a treasurer of Nissan, Rakesh is responsible for all global treasury activities including cash management, fund raising, corporate finance, risk management and pension assets management. As a global head of sales finance business, Rakesh has full P&L responsibility for US$100+ billion sales finance business spread across 11 countries.
Prior to moving to Japan in April 2009, Rakesh was based in Tennessee, U.S. as the Treasurer of Nissan’s auto and sales finance operations in Americas including Treasurer of Nissan Motor Acceptance Corporation (NMAC), U.S. based sales finance company of Nissan group. 
Prior to joining Nissan in July 2006, Rakesh worked in a variety of treasury roles at Delphi Corporation in its U.S. headquarters in Troy, Michigan and Singapore based Asia-Pacific Treasury Office, including responsibilities in Corporate Finance, Capital Markets, Risk Management, Capital Planning, Cash Management and regional treasury operations.  Before working for Delphi, Rakesh served in various accounting and treasury roles in Delhi, India with GE Capital Transportation Financial Services (India), a General Electric company in India.
Rakesh is 53 years old.  Rakesh earned his MBA in Finance from Rutgers University, New Jersey, U.S.  He is also a Chartered Accountant from India and earned his bachelor’s of commerce (honors) from Delhi University, India.

 

 
 Iain Bell
 Head of events programming Asia,
 CorporateTreasurer



Iain Bell is head of events programming for Haymarket Media Group’s four publications in Asia: FinanceAsia, AsianInvestor, CorporateTreasurer and Campaign Asia. He has considerable experience in moderating and hosting finance related events. Before Haymarket, he worked at The Economist as a senior programme editor, writing content for events on a wide array of issues, from climate change to fintech, and cardiovascular health to technological innovation. He has an undergraduate degree in Ancient History from the university of Nottingham and a postgraduate degree in Management from Warwick Business School.

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