Standard Life has appointed Luke Savage as chief financial officer (CFO) and an executive director of the Company, with effect from 18 August 2014. Savage joins from Lloyd’s of London (Lloyd’s), where he was director of Finance and Operations. During his time at Lloyd’s, Savage was responsible for the programme to implement Solvency 2 across the Lloyd’s market, and delivery of change to the operations of the business and the market.
Prior to his time at Lloyd’s, Savage spent four years at Deutsche Bank as global CFO for the equities business and 10 years with Morgan Stanley in various financial controller roles.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
Due to the low interest rate environment and Basel III regulation many corporate treasurers, who may have in the past been very reliant on the banking sector to provide them with cash management solutions, have been forced to explore alternative options as banks have been refusing short dated cash deposits.