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China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

January 2009

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Cash management debate - Participants



Cash management debate: Know who your friends are

Jack Large (JL – chair) is a partner at J&W Associates and is an independent consultant working in cash and treasury management and payment cards. He provides consultancy services and training seminars for financial institutions, payment system companies and multinational corporations.

Tim Westcott (TW) has more than 20 years’ experience in treasury management, the last 15 working for Motorola in the UK and US. He is responsible for managing Motorola’s EMEA treasury operation, and the company’s global netting system. He is a chartered accountant and a Fellow of the Association of Corporate Treasurers.

Rajesh Mehta (RM) is the head of treasury and trade solutions for Citi Global Transaction Services in Europe and MENA. He is responsible for the provision of cash management, treasury and trade solutions to a broad range of customers including multinational corporations, top local companies and financial institutions.

Olivier Brissaud (OB) joined Volkswagen as treasurer of the coordination centre in Brussels in 1989 after eight years of correspondent and corporate banking with BBL (now ING). He is managing director of Volkswagen Group Services, a worldwide treasury shared service centre for the Volkswagen Group.

Marilyn Spearing (MS) is global head of trade finance and cash management corporates, Global Transaction Banking, at Deutsche Bank. GTB covers Deutsche Bank’s payments, cash management, trade finance, and trust and securities services. She joined Deutsche Bank in August 2006 with 25 years of banking experience.

David Manson (DM) is head of international cash management for Royal Bank of Scotland. His group is responsible for managing the bank’s provision of payments and global treasury and investment management solutions for corporates and financial institutions. He has more than 20 years’ experience in international banking.

Colin Hemsley (CH) is head of major corporate and financial institutions sales, corporate banking, at Lloyds TSB Corporate Markets. He has more than 30 years’ experience in cash management and trade finance. He heads a team of cash and trade experts responsible for developing and implementing financial supply chain solutions.

Darsh Johal (DJ) is head of global cash management at Shell. He is responsible for the global back office as well as cash management services, including bank relationship management, contract and SLA management, implementation and strategy. Before joining Shell, he worked for Bank of America and Mobil Oil.

Frank Taal (FT) is global head of product management of payments and cash management for SMEs, (mid-) corporates and financial institutions at ING. He has more than 25 years’ experience in retail and wholesale banking, of which 15 have been in payments and cash management, liquidity products and e-business.







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