CELEBRATING SUCCESS - Association of Corporate · PDF fileCELEBRATING SUCCESS. 2 Introduction...

BUILDING FUTURES

ACT Professional Qualifications

Pass List April 2014

CELEBRATING SUCCESS

2 Introduction

CONTENTS 3 Celebrating the success of ACT students

Diplomas 4 MCT Advanced Diploma in Treasury, Risk and Corporate Finance

5 AMCT Diploma in Treasury

Certificates 8 Certificate in Financial Fundamentals (CertFin)

10 Certificate in International Treasury Management (CertITM)

14 Certificate in Corporate Finance and Funding (CertCFF/CertCFF-FT)4

17 Certificate in Financial Maths and Modelling (CertFMM)

19 Certificate in International Cash Management (CertICM)

22 Certificate in Risk Management (CertRM)

25 ACT bursary scheme

26 ACT prize winners

Welcome to the ACTThe ACT is the leading professional body for international treasury, providing the widest scope of benchmark qualifications for those working in treasury, risk and corporate finance. We define standards, promote best practice and support continuing professional development. Our Royal Charter status underlines our commitment to supporting the treasury community and raising the profile of the profession.

3ACT Professional Qualifications Pass List April 2014

ROUTE TO QUALIFICATION ACT CertificatesEnrol onto any of the ACT certificates as a standalone certificate in an area you feel will be most useful for your career progression.

AMCT Diploma in Treasury

MCT Advanced Diploma in Treasury,Risk and Corporate FinanceSenior, masters level qualification

Certificate in Financial Fundamentals (CertFin)

Certificate in International Treasury Management (CertITM)

Choose any two of the following:

Certificate in International Cash Management (CertICM)

Certificate in Corporate Finance and Funding (CertCFF)

Certificate in Risk Management (CertRM)

Certificate in Financial Maths and Modelling (CertFMM)

Stage

1

Stage

2

Stage

3

AMCT DiplomaSet yourself apart from the rest and enrol onto the internationally recognised, benchmark qualification that offers a clear path to the boardroom. treasurers.org/amct

MCT Advanced DiplomaGet the top level skills you need to secure the most sought after senior finance roles. With the letters MCT after your name, you’ll be recognised as a high calibre, accomplished, qualified finance specialist. treasurers.org/mct

ACT continuing professional developmentKeep up to date with the latest thinking, regulations and trends in treasury management. The ACT’s flexible CPD scheme gives you the skills you can apply to the real world with no units to count or hours to complete. treasurers.org/cpd

ENROL TODAYFor more information, or to enrol onto an ACT qualification today, visit treasurers.org/qualifications

CELEBRATING THE SUCCESS OF ACT STUDENTSWe are delighted to share ACT’s April 2014 exam results for MCT, AMCT and Certificate students. Students from over 100 countries have achieved excellent results demonstrating their dedication, hard work and commitment. Success in ACT’s treasury qualifications provides the foundations for global success and helps individuals and their organisations succeed.

4

Make a strategic impact on your career, for your company, and in your thinking with the leading senior level professional qualification in treasury, risk and corporate finance. With the letters MCT after your name, you’ll be recognised as a high calibre, skilled and qualified finance specialist.

Well done to the five professionals who became MCT qualified following the April 2014 exams and project assessments. You now join a group of elite treasury professionals who’ve been awarded this prestigious senior-level qualification.

MCT ADVANCED DIPLOMAin Treasury, Risk and Corporate Finance

MCT

TOTAL COUNTRIES

MCTIS BEING STUDIED IN DURING 2014

14Diploma MCT Advanced Diploma

Stefano Bianchi Holcim Group Services Dominic Hart Motability OperationsJames Henderson Barclays Elisabeth Minkner SNS REAAL Stephen Tang

MCT – Pass


As the ACT’s core qualification you will successfully advance your career with practical expertise and an in-depth understanding of the wider context of treasury.

Well done to the 96 candidates who’ve completed the AMCT Diploma in Treasury following the April 2014 exams.

This achievement reflects your determination and hard work. You now join a network of over 4,458 ACT AMCT qualified professionals around the world.

“ As an employer, I recognise the significant additional contribution which an ACT qualified employee can add to our business. Not only in terms of practical application but also the strategic thinking gained through ACT studies is invaluable to any modern day enterprise. I believe that any CV showing an ACT qualification immediately warrants a further look.”

MR. ANDREAS THOMMEN, MANAGING OFFICER, CENTRALIS SWITZERLAND

In September 2011, I decided to enrol in the AMCT programme in an effort to broaden my corporate treasury knowledge and experience and to add a treasury dimension to my accountancy qualification. I was particularly attracted to the AMCT diploma due to the nature of the syllabus and the depth of material covered, which I felt was very modern in outlook. My role involves frequent interaction with treasurers and CFOs of both public and private companies and I felt the AMCT qualification would allow me develop a better insight and understanding of their requirements and needs. Despite (or maybe because of) the hard work and sacrifice, I can happily state that finalising the AMCT diploma was time well spent!

AMCT DIPLOMAin Treasury

AMCT

Gerry McEvoy, Co-Founder & Managing Officer Centralis Group

CASE STUDY

6 Diploma AMCT Diploma in Treasury

AMCT – Distinction

Mohamed Fazaz Abdul Majeed Standard Chartered BankIlona Abram Maas AccountingKunle Aladewolu DeloitteAnthony Allsopp Lloyds BankJoy Aninon Shell Treasury Centre EastHakim Ashagidigbi Alice Aveline Wells Fargo Bank Raj Balaraman PwCDaniel Barker PwCAnnamaria Bodi Ascent PartnersRobin Bond Knightsbridge Student Housing Neil Brown American Express EuropeNichol Burgess Travelport InternationalGemma Caffery Vita Group ServicesJames Carr Swan Housing AssociationDonna Carver Gentoo GroupMatthew Caunt McBridePoonam Chauhan RBSAmish Chotai RBSJonathan Cohen National GridJess Coles PetroplanPhilip Cope Moody’s Investors ServiceJonathan Cowie Royal Bank of ScotlandKatie Davison Rolls-RoyceAbbas DawoodkhanNaomi Day Jardine MotorsMichael Devine Volkswagen Financial Services (UK)

Paul Drohan University of SussexSuzanne Dunphy Visa EuropeFanny Eigenheer Elsevier FinanceAsal Erimbetova SunGardDavid Everett Babcock International GroupAengus Feely BNY MellonEfua Forson Sarpreet Gill HSBC BankMarina Gutsalo Bank of Tokyo-Mitsubishi UFJCharlie Hanbury Unify Enterprise CommsGreg Handelaar RBSNicola Hansford Capital Home LoansSharn Hawkins BBA AviationCatherine Hermanto Simon Hill Skipton Building SocietyLorraine Hughes ExperianSamantha James Dwr Cymru Customer ServicesAndrea John Bank of EnglandColman Tashaya KajauZinnia Kan-Dapaah Land Securities GroupBenjamin Tettey Kusah ICRTStuart Le FevreAndrew Macdonald Direct WinesKhurram Malik Virgin Atlantic AirwaysMorne Hugo Matthews Royal Bank of ScotlandJustin May Morgan StanleyDouglas McAndrew Urbanest UKDavid McCall Royal Bank of Scotland

AMCT – Pass

CertFin-BL CertFin-CT CertFin-ESA CertFin-FMA CertITM CertFMM CertRM CertICM CertCFF CertCFF-FT


Gerry McEvoy Centralis SwitzerlandLeone McKinley BNP ParibasIsaac Mensah Homerton NHS TrustDaniel Mika EUROFIMASarah Miller Trillium Porperty ServicesNicola Morris UPP GroupPhilip Mouchet GlaxoSmithKlineSarah Alice Murray HSBC BankPaul Newman Anish Parmar AESKatherine Parsons BPDepen Patel Network RailOctavia Peters SEGROJonathan Petty DeloitteNaeem Iqbal Qureshi UK Power NetworksChitra Ramachandran Anthony Richter Andrew Roberts Royal Bank of ScotlandHamish Andrew Ross Mandarin Oriental HotelAndrew Rubery Oxford UniversityPaul Rujevic ANZMartin Rybak Ernst & YoungSukhdeep Sambhi BarclaysKatrina Sax ShellRyan Sheppard Lloyds BankTareq Sholi Rio Tinto Benga ldaEmma Simo Pinatella Sabic CapitalMario Situm Fachhochschule Kufstein Tirol BildungsDaniel Slark GlaxoSmithKline consumerAndrew Smith BelronHarriet Stevens Standard BankScott Taylor ENRC

Andreas Thommen CentralisArianna Trevisani John Vernède Telecity GroupAdam Waite VodafoneRichard Walker Thomas Cook GroupJonathan Whitcomb Nuffield HealthKatharine Wills Vodafone Group ServicesAdam Wiltshire National GridKenny Wong Coventry Building Society

4,458STUDENTS HOLD

THE AMCT DIPLOMA IN TREASURY

8 Certificate CertFin

For those first steps into treasury, CertFin equips you with a framework for analysing commercial activity, providing insight into accounting, corporate taxation, economics and law to understand how they apply to corporate treasury and business transactions.

Congratulations to the 54 candidates who achieved this qualification following the April 2014 exams.

It was of particular interest to me that I could complete my studies via distance learning as I live and work in Switzerland. I did attend the revision courses in London which were very useful exam preparation and a good opportunity to meet the other candidates and compare our experiences. I found the CertFin modules very useful, especially the accounting one as it enabled me to better understand some accounting mechanisms that we are facing every day in treasury. The study materials were very well structured but, in addition to reading them, attending the revision courses has been very helpful to get prepared for the exam.

Fanny Eigenheer, Assistant Treasurer Elsevier Finance SA

CASE STUDY

Certificate in

FINANCIAL FUNDAMENTALS CERTFIN

“ As a global operation we encourage our employees to gain internationally recognised qualifications such as those offered by the ACT. Fanny has gained in knowledge and confidence throughout her AMCT studies and her contribution to the treasury team has become even more valuable.”

SUZANNE PERRY, ASSISTANT GROUP TREASURER, REED ELSEVIER


Emily Adler Lloyds BankKarla Alford Lloyds BankAdam Baird Friends LifeOlivia Baker HSBC BankNathanael Bonser-Ward Lloyds BankWilliam Canty-Collins RBSNadia Cittadino SowindSarah Clovis-Alexander Aegis GroupPhilip Cope Moody’s Investors ServiceNeil Dabasia Capita Asset ServicesFanny Eigenheer Elsevier FinanceDaniel Fairs Lloyds BankDenis Fontana Graham David Frier Stephanie Gleeson First Quantum MineralsSacha Guillemin Regus Global Management and Research CentreGreig Guthrie Bank of EnglandBhavika Halai DS SmithStephen Harris BarclaysKashif Jain Hussain Ravi Jain Lloyds BankTimothy Jamieson RBSJasmine Johal Kelvin Koh Standard Chartered BankDagmara Kowalska Cytec IndustriesGurbinder Kundi Coca-Cola SabcoNicholas Lyon Lloyds BankBarbara Macedo Agility Global Integrated Logistics

Luke Madden Nicholas McClintock RBSZoe Morrell Angel TrainsPaul Nkansah Akuapem Rural BankJohan Op den Brouw Heerema Marine Contractors Nederland SEJoanne Paine AmicusHorizonMihaela Cristina Palade KPMGPatrick Passmore Ulster Bank IrelandDepen Patel Network RailSamuel Robinson Hitachi CapitalAnnabel Ross Deutsche BankAndrew Sale JTI Business Services CentrePayal Sarma PearsonAkhil Shah RBSLindsey Southard ComputershareAlex James Standing Lloyds BankTristan Steen Bank of Tokyo-Mitsubishi UFJJonathan Strutt Sarah Sturmey Derwent LivingOliver Taylor Standard Chartered BankAnissa Teemul National Central Cooling Co – TabreedReinout Van Gelder UnileverClaudia Villasis Narvaez MAN SENicola White BarclaysJason Wright SiemensAmy Wright RBS

CertFin – Pass

CertFin – DistinctionBusiness Law Corporate Tax Economics and Statistical Analysis Financial and Management Accounting

10 Certificate CertITM

CertITM introduces the language and core technical concepts of treasury, integrating them in a way that is relevant and portable between roles, organisations and locations worldwide.

We congratulate the 182 candidates from 19 different countries who qualified as CertITM in April 2014.

“ The CertITM continues to set the benchmark for those wishing to gain evidence of competence in their understanding of the treasury space. It’s not an easy exam, but it is heartening to see the 72% pass rate for European students for whom English is not, presumably, their first language.” Chief Examiner, CertITM

“ The ACT qualification is a very credible demonstration of exposure to corporate treasury principles and practice. It is a well-known credential amongst the corporate treasurers and finance professionals for challenging financial minds and expanding one’s professional network across the globe. It is an essential part of one’s journey in treasury.”

YANN UMBRICHT, PARTNER, TREASURY GROUP, PWC

I found CertITM extremely helpful to gain wider knowledge of treasury fundamentals together with exposure to contemporary treasury trends. The course is very much application oriented and I started applying the concepts straight away in my projects. This course also helped me demonstrate my credibility in front of my senior stakeholders as well as provided confidence to discuss upcoming corporate treasury practices. Being a qualified chartered accountant from India with 12 years of experience, CertITM helped me connect with the treasury concepts enriching my existing finance knowledge. In short, it was a tremendous learning experience and a good link with the latest developments in treasury. I would recommend this course to anyone new to treasury or considering a role in treasury irrespective of their experience level.

Raj Balaraman, Senior Manager, Treasury Group PwC

CASE STUDY

Certificate in

INTERNATIONAL TREASURY MANAGEMENT CERTITM


Catriona Blake Philip Cope Moody’s Investors ServiceVineet Gupta OCTAL SAOC FZCKevin Horn Phoenix LifeJohanna Hyttinen Network RailDilip Jina National GridIain Kirkpatrick PricewaterhouseCoopersAshley Meares RBSRobin Windle Mitsubishi UFJ Securities International

CertITM – Pass

Elpida Adamopoulos National GridTim Addison ANZ BankWaqas Ahmed Paolo Altundag SteinerSally Anderson Saffron Housing TrustAndrada Anghelescu Ernst & YoungMatthew Aston Ernst & YoungBenedick Batalla Emirates AluminiumJonathan Bell Just RetirementTom Berry Lloyds BankLamia Boukhris Dubai HoldingKaroly Brezovich ExperianChristopher Brice AirTankerChristine Sara Brorsson Royal Bank of ScotlandAlastair Brown HSBCNiall Brown Lloyds BankJaime Carsi NomuraRichard Cartwright Siu Man Chan J & S Co.

Joseph Chang AIADimitrios Cheilas METKADemyan Cherekhovich Sheffield Hallam UniversityGareth Cheverton Tetrapak CPSJae Yun Cho Shell TreasuryChing Yong Chua Mark Cole Newlon Housing TrustChantelle Collett Flight CentreJames Cooper HSBC BankBeverley Anne Costain Radian Housing AssociationWilliam Coventry RBSRahul Daswani Nokia CorporationLee Davis Standard Chartered BankDavid Shaun De Villiers Treasury OneJeroen Johannes De Wit Rabobank InternationalBrian Deegan Irish WaterMaria Luz Delgado Montes Viridian HousingReka Demoulin Nike EuropeSiobhan Doyle Danske BankRoisin Doyle Immediate Media Co LondonAgnieszka Dudley Rolls-RoyceColm Duggan RBC Investor ServicesWilliam Elliott Royal Bank of ScotlandTerence Errington Lloyds BankClaude Faucher HSBC BankAnna Fletcher Fujitsu ServicesAdrian Fogarassy DiageoMay Fung Ralph LaurenMatteo Gardin SiemensAndrea Gatt-Godoy HSBC BankStephanie Gleeson First Quantum MineralsStuart Gowan Virgin Money

CertITM – Distinction

12 Certificate CertITM

Harriet Grant ConocoPhillips (UK)Gary Grey Manulife International AsiaEkaterina Gushchina BearingPointGreig Guthrie Bank of EnglandCsaba Hajos DiageoGregory Hankar BNP Paribas FortisLorraine Hanlon AWASClaire Harris Genworth FinancialPhilip Hauxwell REGMark Hemming Buckinghamshire & Milton Keynes Fire AuthorityStephen Hereward BMI HealthcareTamas Hering DiageoJayesh Hirani GSKDavid Holmes Ernst & YoungOleksandr Holota Cadogan PetroleumEvelien Hooijman INGLaura Hopson BAE SystemsEmma Hornby United Utilities GroupMagdalena Jasinska S.W.I.F.T. SCRLPaul Johnson Royal Bank of ScotlandNoreta Jucan Pirelli Servizi Amministrazione E TesoreriaVivien Kanvasi DiageoMichael Kappeler Hong Ping Kay Phillip FuturesLouise Keating DeloitteDivya Kesavan BarclaysMichael Ketz Deloitte South AfricaCamil Kocan Heathrow AirportDagmara Kozlowska JT International Business Services

Gurbinder Kundi Coca-Cola SabcoPaul Lacey The Phoenix GroupCharlotte Langlands Smith & NephewCarole Lascombes Wing Yu Lau AIAMaria Laubach AirberlinSteven Law Palmer & HarveyIoannis Lefas Coca-Cola Hellenic Bottling CompanyYves Libera Sam Linnell SantanderJames Littlefair Lloyds BankNyiko Mageza TCTASheldon James Mair Adam Marshall Ulster BankPrince Hari Kumar Mathur AXA UKRob McCann Lloyds BankGerard McCaul Capita FiduciaryIan McNaughton Sarasin & PartnersStephen Mellowes Principality Building SocietyAndreas Messerschmidt Izabela Milczarek DeloitteEszter Molnar Diageo Business ServicesIain Carl Morrison Tarsier Financial ServicesLukas Mrazko United States Steel CorporationKirsten Murphy Lloyds BankPeter Murrell The British Land CompanyCraig Muttett Affinity Sutton GroupRudolf Nagyivan DiageoPaul Nkansah Akuapem Rural BankAdrian O’Connor Ulster BankNicolas Onofri Ralph Lauren EuropeEdwin O’Shea


Michael Pace Home GroupSunil Kumar Patel OCBC BankKatie Penfold Solihull Metropolitan Borough CouncilHong Linh Pham Thi Minh Nguyet Phi Charlotte Plaine Shell UKFarhad Poacha HSBCFu Tung Pui AIALiam Quinn National Treasury Management AgencyAnna Rabar DiageoRavi Radia Shell UKNurani Rahman Royal Bank of CanadaJohn Ramsay BarclaysNikolay Reshetov KPMGShelly Louise Rhodes Hinckley and Rugby Building SocietyGrant Sebastian Robinson Shell UKRohit Roda CoatsCarina Rosenkold Danske BankMonika Sadt DiageoMeethu Sanad Abu Dhabi National Energy Company PJSC (TAQA)Jagdeep Sanghera HSBCEunice Santos SiemensMarc Savriapen Ireland BlythJacco Scheurwater INGSwetha Seshachari SeshaPramila Shankar Gulf DTH FZAnna Simpson Broadland Housing AssociationMatthew Smith Lloyds BankVilija Straksyte Brand Energy and Infrastructure Services

Nga Sze Stumbke Peter Sullivan Telefónica UK Jutta Swaeb St. James’s Place Wealth ManagementHenrietta Szabo DiageoSerene Tan Royal Bank of ScotlandMark Taylor Skipton Building SocietySara Telford Kimberly Clark European ServicesAttila Temesi Tom Thorn Imperial Tobacco GroupRobert Daniel Thorpe Queensland RailElina Todorova Fujitsu ServicesEdit Toth DiageoDominick Tsang WharfSamantha Tse Lloyds BankQaiser Vakani KP SnacksJoël van Dijkhuizen Hertel HoldingReinout Van Gelder UnileverRajandran Venogopal LMGI – New ZealandBernadett Viragos DiageoChristo Vos Genworth FinancialWenning Wang Caparo IndustriesRupert Williamson MondiTorbjorn Wist TelenorAlex Wondergem PriceWaterhouse CoopersLing Ling Wong AIAAlbert Nii Otinkorang Wontumi BarclaysMathew Wynn Welland MedicalGeorgi Yanev CMEXiaowen Ying Jet2.comMun Seong Yow Shell Treasury Centre EastAgnes Zantleitner Diageo

14 Certificate CertCFF

Financial decision making is core to any organisation. CertCFF will provide you with the knowledge and skills to participate in that process and unique insights into how such decisions are translated into action in treasury.

Congratulations to the following 80 candidates who successfully attained the CertCFF and CFF fast-track qualification in the April 2014 exams.

“ The compulsory question required candidates to evaluate a capital investment decision which involved choosing between assets with differing replacement cycles, and applying information relating to US tax regulations – it was pleasing to note that the performance on this question was generally above par, and it had the highest pass rate.” Chief Examiner, CertCFF

As a banker, the CertCFF is a great way to see things from a treasurer’s perspective. It provides a broad view on treasury matters, both practical and theoretical and helped me to understand the varied issues our clients face and the decisions they have to make. Having recently changed roles, moving from derivatives sales to acquisition finance origination, I found the CertCFF syllabus very useful in providing a solid foundation in corporate finance and funding. The wide range of learning material was key in getting up to speed with previously foreign concepts such as covenants, material entity clauses and dividend irrelevance theory. For me the key to success was attending the tuition course and attacking the question bank and past papers early on. I also really enjoyed the chance to meet fellow students from across the corporate and banking worlds.

James Fordham, Associate Director, Acquisition Finance Lloyds Bank

CASE STUDY

Certificate in

CORPORATE FINANCE AND FUNDING CERTCFF CERTCFF-FT

“ Ensuring our bankers receive the right professional training to support our clients is paramount. It is great to witness our bankers like James obtaining a breadth of experience and knowledge to ensure we remain relevant, focused and agile in the up tiered service of our clients.”

CLARE FRANCIS, MANAGING DIRECTOR, GLOBAL CORPORATES, LLOYDS BANK


Stephen Curtis-Powell Level 3 CommunicationJames Fordham Lloyds Banking GroupRhys Ford-Jones BUPANicola Hansford Capital Home LoansNicola Morris UPP GroupNilay Patel William HillDuncan Paxman RBSBipasha Sarkar DiplomaKatharine Wills Vodafone Group Services

CertCFF – Pass

Oliver Allen Chalkhill PartnersLouise Andrews Marks & SpencerJoy Aninon Shell Treasury Centre EastMonique Arnold Koninklijke VopakDonna Carver Gentoo GroupDavid Chatsama African Export Import BankAmish Chotai RBSNicholas Cole NatwestPhil Cole Coutts & CompanyEmyr Davies Alliance BootsHenry Dryden SantanderSuzanne Dunphy Visa EuropeRichard Ellison Clear Channel InternationalAsal Erimbetova SunGardBirgita Gjirja PwCCharlotte Gosden Leeds Building SocietyZeeshan Haider Pakistan State Oil CompanyMartyn Head SectorCatherine Hermanto Riaan Hubinger Melrose

Harold Janssen Akzo NobelDaniel Lemcke Khurram Malik Virgin Atlantic AirwaysJerry Mbumwae Ministry of EducationIsaac Mensah Homerton NHS TrustEszter Molnar Diageo Business ServicesSanchita Niyogi NalcoOral Osman BNP ParibasAyub Pimbi PwCKamil Pindolia BarclaysChitra Ramachandran Emma Simo Pinatella Sabic CapitalDaniel Slark GlaxoSmithKline consumerStephen Sword Financial Conduct AuthorityJoel Tate BGL GroupRichard Walker Thomas Cook GroupMichael Walsh Leeds Building SocietyLee Wridgway Bank of America Merrill Lynch

CertCFF – Distinction

98%OF STUDENTS WOULD RECOMMEND AN ACT

QUALIFICATION

16 Certificate CertCFF

CertCFF – Fast Track – Distinction

Benjamin Avery Gerber, Landa & GeeGrant Cartwright JC Bamford ExcavatorsCheryl Holmes RegendaStuart Le Fevre Christopher Pennington SSPManuele Rosignoli Alliance BootsHannah Desanka Sola ShellAdam Waite VodafoneKenny Wong Coventry Building Society

CertCFF – Fast track – Pass

Helen Cameron ShellJonathan Cowie Royal Bank of ScotlandMichael Devine Volkswagen Financial Services (UK)Lloyd Garrett Gatwick AirportGail Gibson Entertainment OneBarbara Greene Total ProduceDavid Hall Close Brothers TreasuryDominic Heaton Innovia FilmsRichard Henderson Tesco BankSatinder Hera RBSJayesh Joshi Derwent LondonPhilip Larmouth W Wing YipDavid Muir Gammon ConstructionScott Murray Devon & Cornwall Housing AssociationMaria O’Sullivan NikeChristopher Owens Flight CentreRajiv Parmar DebenhamsAnthony Richter Manuel Sconcia CLS HoldingsRyan Sheppard Lloyds BankGlyn Steanson SABMillerArianna Trevisani RBSJohn Vernède Telecity GroupWenning Wang Caparo Industries

427 STUDENTS ATTENDED AN ACT ACCREDITED

LEARNING WORKSHOP TO HELP THEM PREPARE FOR

THE APRIL 2014 EXAMS

With a highly practical emphasis, CertFMM delivers the quantitative tools used in financial modelling to investigate and thoroughly understand the complex products and concepts regularly used by corporates treasuries.

We congratulate the 34 candidates that became CertFMM qualified in the April 2014 exams.

“ In recent exams, it is really encouraging to see a consistently good pass rate showing that candidates are getting to grips with the material.Particularly the ability to answer questions testing the use of option strategies for hedging corporate exposures is very encouraging.” Chief Examiner, CertFMM

Russell Whitehead, Corporate Finance Executive BP plc

CASE STUDY

Certificate in

FINANCIAL MATHS AND MODELLING CERTFMM

“ A corporate treasury in a large multi-national sits at the heart of managing financial risk in a changing world and we need our employees to develop and build on their technical skills throughout their careers. The ACT is very well respected within BP treasury for its high quality and relevant training and is a key provider of treasury technical skills to BP.”

NICK BAMFIELD, DEPUTY GROUP TREASURER, BP PLC


As part of BP’s corporate finance team, my responsibilities encompass derivative products associated with the foreign exchange and debt capital markets. This made CertFMM a natural fit as I work towards my AMCT. I found CertFMM to be very practical and rewarding, managing to consolidate and deepen my understanding of existing areas, whilst introducing me to new concepts.

As I now expect from the ACT, the quality and structure of the teaching complemented the certificate by initially reinforcing the ACT notes, then building upon and expanding the topics to deepen your knowledge. Allied to the tutor support in the forum, this really helps you to take control of your learning and ‘makes the subject yours’. On numerous occasions, be it in bank pitches or other external meetings, I have been able to apply the knowledge and frame the discussion from BP’s point of view, making for some very interesting, albeit unplanned, conversations! I would highly recommend CertFMM to anyone in treasury as it provides a thorough understanding of the products widely used in treasury teams today.

18 Certificate CertFMM

CertFMM – Distinction

Amish Chotai RBSJonathan Cohen National GridNicola Hansford Capital Home LoansDavid McCall Royal Bank of ScotlandSukhdeep Sambhi BarclaysRussell Whitehead BPKatharine Wills Vodafone Group Services

CertFMM – Pass

Ilona Abram Maas AccountingAnthony Allsopp Lloyds BankRivka Attal Visa EuropePeter Boon City and DocklandsJess Coles PetroplanAshley Dexter London City AirportMark Easter Lend LeaseSarpreet Gill HSBC BankMichael Graven Liverpool Victoria Friendly SocietyMarina Gutsalo Bank of Tokyo-Mitsubishi UFJJonathon Lawson RBSAlice Mason PwCMorne Hugo Matthews Royal Bank of ScotlandDouglas McAndrew Urbanest UKMatthew McKeown Smiths GroupDaniel Mika EUROFIMASarah Miller Trillium Property ServicesElizabeth Nemeth Skipton Building SocietyLucy Nolan Peaks & Plains Housing TrustJonathan Petty DeloitteSohail Rasul Media Star GlobalAlan Searle Andrew Smith BelronRoxana Tsirikhova Liquid Capital MarketsPeter Tu Fujitsu ServicesAdam Wiltshire National Grid

1,323 EXAMS WERE TAKEN

IN APRIL 2014

The definitive qualification in cash management for both corporate and financial institutions from a global perspective.

Congratulations to our 91 newly qualified CertICM professionals from 19 different countries in the April 2014 exams.

“ The pass papers showed a good balance of knowledge across the manual and an ability to apply this knowledge to different circumstances. With a record number of distinctions there were clearly some really excellent papers.” Chief Examiner, CertICM

I have been in banking for many years and have never completed any ACT exams. I was looking for something that was not only relevant to my current role, but also represented a personal challenge. I’m pleased to say that the CertICM offered me both. I really enjoyed the study and because it was so relevant to my everyday work, I found myself constantly putting myself in the treasurer’s seat and then looking for and working to the optimal solution. It allowed me see international cash management from both viewpoints, that of a banker and that of the treasurer. It also gave me renewed confidence in my role and I would recommend it to others in a cash management or treasury role. Now I am just looking for which exam is the next best fit for me.

Nuala Kelly, B.Comm, MBS, CertICM Vice President, Corporate Banking Origination, Barclays Bank Ireland PLC

CASE STUDY

Certificate in

INTERNATIONAL CASH MANAGEMENT CERTICM

“ Barclays Corporate Bank supports both the CertICM and CertITM. The qualifications and knowledge gained by our teams are recognised and appreciated by our clients in supporting their current and future business needs.”

IAN HARRIS ACT CERTICM, HEAD OF TRAINING & KNOWLEDGE MANAGEMENT, CORPORATE BANKING ORIGINATION


20 Certificate CertICM

Kevin Braeckman PwC Enterprise AdvisoryJuan Bueno Thomson ReutersTim Furness FSCSMatthew Giannotti Royal Bank of ScotlandNeha Kant Royal Bank of ScotlandNuala Kelly Barclays Bank IrelandCamila Montagni David Pickering Halfords GroupNiels van Tol Bank Mendes GansJiameng Yu Tate & Lyle

CertICM – Pass

Alex Acott BarclaysAjay Aditya Kunle Aladewolu DeloitteAmar Amlani Bank of America Merrill LynchMarkus Arkling HandelsbankenSyed Shaheer Ashrafi Al Hilal BankOzgur Aslaner BarclaysAlice Aveline Wells Fargo BankDavid Azenga Standard Chartered BankLasse Bæk Danske BankKiran Bajaj Standard Chartered BankMehnaz Bari Avery DennisonJulien Baude Daniel Bennett HSBC BankArturas Budvytis Bank Mendes GansClaire Burrows HSBC BankMaxine Camar HSBCJulianne Chase ANZEric Tsz Kin Cheung Royal Bank of Scotland

Fayzul Choudhury Royal Bank of ScotlandYiu Shan Titus Chui ANZFilip Clavie ING Belgium / SwitzerlandPhilip Cok RabobankJean Connolly FEXCOJonathan Daly Val D’Arcy Bank of America Merrill LynchAnirban De PwCEdward De Courcy-Ireland HSBCRichard Doyle BarclaysDavid Everett Babcock International GroupRobert Foster Marinus Leonardus Goense ING BankGlen Grove PwCChristopher Hamilton HSBCLorraine Hughes ExperianLynda Ihenacho AmlinPoonam Joshi The Economist GroupZinnia Kan-Dapaah Land Securities GroupJayant Kulkarni HSBCPraveen Kumar JP MorganJelaine Landicho SC Johnson Philippines ROHQLasse Lauritzen Danske BankDavid Leclercq PwC Enterprise AdvisoryKai Leung Sumitomo Mitsui Banking CorporationXuan Li Perfetti van Melle HoldingYu Xiang Liu BNP ParibasLouise Lyngbye Hansen Danske BankHarjinder Mann UK Debt Management OfficeGerry McEvoy Centralis SwitzerlandAnne Francisca Michielsen Royal Bank of ScotlandKoh Chong Ming Clear2pay

CertICM – Distinction


David Mitchell HSBCMathijs Mol Samer Musharbash Citibank N.A. JordanAnirudh Nagarkatti HSBCTrevor Neate HSBC Bank AustraliaElena Ng PS Oil TradingTom O’Brien HSBCGertrud Pahuus Danske BankVinay Pattni BarclaysRichard Poplar Rio TintoHarry Powell Metro BankHenriette Ramm Danske BankAnne Sofie Rasmussen Danske BankHarsh Raut BarclaysKara Robb-Beddie ElectrocomponentsAdrienne Rossouw Standard Bank South AfricaMartin Rybak Ernst & YoungAntti Saari Danske BankAdeel A Samad HSBC Bank Middle EastKatrina Sax ShellSuzanne Schilder Iain Slatter ANZNeha Stelin CitiXiao Ye Tan HSBCAndreas Thommen CentralisEdison Tie Ernst & YoungVincent Verdaasdonk Lee Walker Robert James Wood HaysMitsuaki Yokono HSBC

95%OF STUDENTS

HIGHLY RATE CERTICM TUITION SCHOOLS

22 Certificate CertRM

CertRM delivers the theories, principles and tools needed to address everyday problems in financial risk management.

Congratulations to the 100 candidates who passed CertRM in the April 2014 exams.

“ It was pleasing to see increased confidence of candidates in carrying out lognormal Value at Risk analysis and evaluating potential hedging strategies within a given scenario.” Chief Examiner, CertRM

Completing the CertRM qualification provided us with a framework which we could consistently apply to scenarios in a treasury context; scenarios that can at first appear quite daunting. The course was highly practical and focussed in on the core elements of ‘contemporary treasury’; being not just about interest rates, FX and liquidity, but also pensions, commodities and other operational risks. Illustrated by real-world examples, I found it really relevant to the operations at BBA and together with the framework, it taught me to think abstractly, appreciating each risk from both a macro and microeconomic perspective. I would definitely encourage others to enrol on CertRM. In an environment of regulatory change, rapid technological advances and increasing globalisation, there is more focus on the effective management of risk than ever before. Recent market instability has proved this to be invaluable.

Sharn Hawkins, Treasury Manager BBA Aviation plc

CASE STUDY

Certificate in

RISK MANAGEMENT CERTRM

“ The ACT qualification provides a broad, strong understanding and knowledge base of treasury and corporate finance which candidates can apply within their day-to-day role. It also supports career development to help members meet their full potential within treasury and broader finance roles.”

MARK DAWKINS, GROUP TREASURER, BBA AVIATION PLC


Dominic Beange Kina Funds ManagementMichael Cerdan Scottish Building SocietyMichael Christodoulou Sky InternationalNaomi Day Jardine MotorsGreg Handelaar RBSUmair Haq SABMillerSharn Hawkins BBA AviationSimon Hill Skipton Building SocietyStuart Le Fevre Jane O’Neill ABFTareq Sholi Rio Tinto Benga ldaEvelien Spitteler PwCAdam Wiltshire National GridKeri Yong Wei Li JT International

CertRM – Pass

Mohamed Fazaz Abdul Majeed Standard Chartered BankHakim Ashagidigbi Alexander Baker Fujitsu ServicesRaj Balaraman PwCMarissa Barakchizadeh Imperial Tobacco GroupDaniel Barker PwCAnnamaria Bodi Robin Bond Knightsbridge Student HousingNeil Brown American Express EuropeNils Buesking WebastoNichol Burgess Travelport InternationalChristopher Cadman RBSGemma Caffery Vita Group ServicesJames Carr Swan Housing Association

Matthew Caunt McBridePoonam Chauhan RBSNadia Cittadino SowindAdam Clarson Coventry Building SocietyJonathan Cohen National GridRobin Collett West Bromwich Building SocietyChristopher Davies NSG GroupKatie Davison Rolls-RoyceAbbas Dawoodkhan Ravi Doshi Paul Drohan University of SussexAengus Feely BNY MellonYi Feng Efua Forson Sonia Goubo Rentokil InitialBen Alan Green Virgin Atlantic AirwaysSteven Griggs Samsung Electronics UKCharlie Hanbury Unify Enterprise CommsAkshat Jaganmohan IndusInd BankSamantha James Dwr Cymru Customer ServicesPing Ji Sun ChemicalsAndrea John Bank of EnglandClive Johnson LeasePlan UKColman Tashaya Kajau Olga Karoui NagravisionTakachida Kuhudzai Kimberley ClarkBenjamin Tettey Kusah ICRTLloyd Li CIMB Bank Ciaran Lynch XeroxAndrew Macdonald Direct WinesJustin May Morgan StanleyLeone McKinley BNP Paribas

CertRM – Distinction

24 Certificate CertRM

Thomas Mehlkopf SAP DeutschlandAnu Elina Mensah London & Quadrant Housing TrustSarah Miller Trillium Porperty ServicesFarizaad Motaleb Grofin ManagersPhilip Mouchet GlaxoSmithKlineSarah Alice Murray HSBC BankPaul Newman Abdul Wahaj Noor Dollar Thrifty Automotive GroupConrad Oakley RBSLuis Oliveira SiemensHelen O’Sullivan British Sky BroadcastingAnish Parmar AESKatherine Parsons BPOctavia Peters SEGRONaeem Iqbal Qureshi UK Power NetworksAndrew Roberts Royal Bank of ScotlandHamish Andrew Ross Mandarin Oriental HotelAndrew Rubery Oxford UniversityPaul Rujevic ANZSusanne Rutishauser HSBCSukhdeep Sambhi BarclaysRyan Sheppard Lloyds BankDaniela Sibille DeloitteMario Situm Fachhochschule Kufstein Tirol BildungsVignesh Sivakumar Phoenix Financial TrainingDaniel Slark GlaxoSmithKline consumerBenjamin Souter Alliance BootsHarriet Stevens Standard BankScott Taylor ENRCToby Taynton John Tuite Veratec

Jatinder van Den Berg KPMGRosan Van der Meche PwCRonald Van der Woude PwCJohn Vernède Telecity GroupLuc Viergever INGMaarten Maximilianus Johannes Vijftigschild Shell InternationalJonathan Whitcomb Nuffield HealthSally Williams South Western Housing SocietyGeorge Wycherley Ulster Bank

88%OF UK FTSE 100

EMPLOY ACT MEMBERS AND STUDENTS


THE ACT EDUCATIONAL TRUST BURSARY SCHEME

ACT’s bursary scheme allows professional education to be within reach for highly motivated candidates from developing countries. It offers a platform to develop learning and encourages contribution to the international treasury community.

Providing positive support for students and the profession, ACT’s bursary scheme offers financial aid to students from emerging economies, who are unable to secure sponsorship and who wish to study for standalone certificates, the AMCT (excluding ICM) or MCT qualifications.

Who is eligible? The bursary scheme is open to anyone who is not sponsored by their employer, and are nationals and residents of a developing country.

What does the bursary cover? • full access to study materials

• dedicated support from tutors

• exam fee and first exam re-sit fee

• student joining fee

• student membership subscription for duration of studies

• discounts for events, conferences, professional training and publications

FOR MORE INFORMATIONGo to www.treasurers.org/qualifications/fees

Being able to apply for the bursary excited me. It was awarded to me in record time and then I was good to go with the course. Access to valuable student online resources brought me great joy because I could work, study and have family life at the same time. The course content is interesting and challenging and without doubt sets a benchmark for treasury excellence in the modern business environment.

Nyondwa Chimai-Mukosa, Financial Reporting Manager Zambia Sugar PLC.

CASE STUDY

26 Prize winners

CELEBRATING SUCCESS – 2013 PRIZE WINNERS

Our 2013 prizewinners have excelled in their studies and have demonstrated academic excellence. Prizes are awarded in each individual certificate exam and for the ACT Student of the Year – awarded for overall achievement on the MCT. Congratulations to these students who are certainly ones to watch in the industry.

Thank you to the ACT prize winner sponsors

Deloitte | ICAS | National Grid | RBS | Marks and Spencer | Shell Vodafone | Slaughter and May

CertFin FMA Stephen Finn, Head of Corporate Finance and Tax, Vita Industrial (UK) Ltd

CertFin BLVladislav Smirnov, Senior Consultant, TCS Bank

CertFin FMMNatalie Petyt, Assistant Director, Royal Bank of Scotland

CertFin ESA Camila Montagni, Trainee Manager (Treasury), UBL UK

CertITMCheryl Holmes, Accountant, Regenda

CertICM Ker Wee Teo, Vice President, Deutsche Bank

CertCFFMartin Williams, Treasury Manager, Royal Mail Group

CertCFF-FTAndrew McKerrow, Treasury Manager, Capricorn Automotive

CertFMM Oliver Stobbs, Assistant Director, Royal Bank of Scotland

CertRMRuby Ng, Group Finance Manager, SkyePharma

27

STUDENT OF THE YEAR 2013Each year the ACT recognises one overall Student of the Year prizewinner – awarded for overall achievement on the MCT Diploma in Treasury.

This year we’re delighted to announce winner Daniel Clarke, Deputy Treasurer, The Vita Group. We wish Daniel all the best in his future career.

Danny Clarke, Deputy Treasurer

The Vita Group

“ MCT builds on the fundamentals studied as part of AMCT, encouraging students to consider the wider strategic implications of major financial decisions. The course was challenging, but ultimately very rewarding. I would strongly encourage any finance professional looking to take the next step in their career to consider the MCT. I take enormous pride in becoming a full member of the ACT.”

ACT Professional Qualifications Pass List April 2014

TREASURERS.ORG

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The importance of a treasury function run by competent and

qualified professionals is increasingly recognised around the world by companies looking for financial

sustainability.

That’s why students from over 100 countries have worked towards

achieving outstanding results in the most internationally recognised treasury qualifications from the

ACT in 2014.

CELEBRATING SUCCESS - Association of Corporate · PDF fileCELEBRATING SUCCESS. 2 Introduction...

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