Düsseldorf, North Rhine-Westphalia, Germany
Strategic Treasury Leader with 20+ years of experience, building and transforming global cash management, liqudity steering and leading Front Office infrastructures across multinational corporations (chemicals, pharma, steel, elevators, agriculture). Combining strategic Cash, FX & Money Market management with team leadership and digital transformation. Led globally teams of Treasury professionals. Currently managing global banking and cash processes across 68 countries, 33 currencies and > 400 bank accounts. Key achievements: - Optimization of Global Financial Structures with innovative cash pools and real-time cash concentration models, reducing financial needs and optimizing capital allocation - Introduction of virtual account structures (US & EU) to reduce KYC, pooling costs, signer management and reduce fraud risks - Building a future-oriented Treasury Architecture for major carve-outs (e.g., Steel & EUR 30bn Elevator carve-out) - Strong negotiator of global bank fees in double-digit million EUR amounts - Lead Treasury system transformations (SAP S/4 HANA, FIS, Coupa, Technosis, SWIFT) - Foreign Exchange and Money Market Assets strategy
- Restructured Cash Pools worldwide with major banks (Citi, JPM, Banamex, WellsFargo, BNY Mellon, HSBC, Bank of America, BNP, Coba, etc.) - Responsible for global Cash & Banking operating model and functional leadership of project teams across Shared Service Centers in Manila, Costa Rica, Barcelona and Leverkusen. - Developed a central IT system for electronic banking management, reducing bank authorizations across 68 countries and enhancing operational control. - Vision and lead implementation of virtual accounts. This initiative decreased cash pooling needs, lowered KYC requirements, reduced bank charges, and enabled real-time cash concentration. - Lead financial integration for M&A projects, ensuring seamless transitions for new companies joining or leaving the group.
Co-led the global Cash & FX-Front Office and provided functional leadership of Treasury professionals managing >EUR 50bn annual FX and liquidity flows. Selected achievements: - Led worldwide requests for proposals (RfPs) for cash pools in regions including Australia, the US, Canada, and Brazil, collaborating with major banks. - Developed a comprehensive bank fee analysis tool for monitoring all 34 relationship banks, resulting in significant bank fee reductions totaling EUR 15 million. - Led the restructuring of treasury activities in the US, including the successful setup of a cash pool with Citi, improving liquidity management. (Short-term assignments in Chicago and Australia) - Structured a payment factory for the group in collaboration with SAP/S4 HANA and Serrala, streamlining payment processes and increasing efficiency. - Built a dedicated and future proof treasury department for the €17 billion carve-out of thyssenkrupp Steel and thyssenkrupp Elevator. - Led the transition from Coupa to FIS Sungard for treasury IT projects, integrating FX hedging solutions to optimize risk management.
Selected achievements: - Restructured group-wide net financial debt planning in collaboration with Schwabe, Ley & Grainer, improving financial forecasting and management. - Led cash management initiatives in Switzerland and the Netherlands, implementing cross-border cash pooling and electronic banking solutions to enhance cash flow management. - Accountable for short- and mid-term financial planning, providing critical insights and forecasts to the CFO. - Successfully implemented a cross-border cash pool between China and Germany, improving liquidity management. - Led the transition of the Treasury Management System from Omikron to Bellin tm5 (Coupa), enhancing operational capabilities and reporting accuracy.
Responsible for driving the group's liquidity position, managing payments, and overseeing investments in money market and foreign exchange operations. - Actively managed and optimized the group's liquidity position, ensuring sufficient cash flow for operational needs and strategic initiatives.