Friday, May 7, 9:00 - 10:15 view all sessions this time
Corporate Finance    view all sessions this track
508 - Trends in Effective Cash and Liquidity Management Practices
Speculation that the recession is over began in late summer of 2009, but in many ways one can debate the relevancy as a long road to recovery is anticipated. Additionally, regardless of what economists report, most companies look to their own sales and revenues as a true barometer for economic recovery. The past 18 months have emphasized the critical impact effective cash and liquidity management practices can have to a company’s bottom line. And in order to be effective, cash management practices should be integrated and work to optimize transparency, visibility and control. Join Bank of America liquidity experts to discuss the best practices in liquidity management they have observed during this deep recessionary cycle.
 
Learning Objectives:
Learn to free up cash flow by harnessing integrated treasury solutions
Optimize visibility into your cash through balance consolidation, information reporting, cash positioning, and the importance of forecasting and segmenting cash in order to maintain the right amount of funds for liquidity and investment.
Integrate investment options for capitalizing on core, reserve and strategic cash while continuing to maintain quality and liquidity 
Examine areas of risk that should be covered in corporate investment policies and corporate best practices for evaluating underlying risk of investments
Tim Burt, Bank of America
 Tim Burt is a Senior Vice President and Product Delivery Manager in Commercial Banking for Bank of America.  Tim manages a Treasury Management Sales Team covering Upstate New York, Maine, New Hampshire, Massachusetts, Rhode Island and Connecticut.  Tim is responsible for the delivery of all Treasury Management and Working Capital Solutions to Middle Market and Business Banking Clients in this Region.   He is located in Boston, Massachusetts and Providence, Rhode Island.   

Tim has twenty-seven years of experience in the banking industry and has held various strategic positions.  He started his banking career in 1983 at Mellon Bank in Pittsburgh , PA.  He later worked at Bank of Boston and Fleet Bank, who were eventually acquired by Bank of America.  In addition to working in Middle Market and Business Banking, Tim has worked in the Large Corporate, Specialized Industry, Asset Based Lending and eCommerce sectors.  Tim is a past President of the Treasury Management Association of New England, and has been a guest speaker at a variety of industry conferences.  Tim holds a Bachelor of Science degree and a Masters of Business Administration from Boston College

John Downes, CTP, Bank of America
 John has over 20 years of fixed income experience in different capacities with Banc of America and predecessor banks. He is currently a Director at Banc of America Securities LLC in the Global Liquidity Solutions group. He covers middle market, large corporate clients and not for profit entities in the Northeast, providing liquidity solutions and tailoring investment strategies for over $4 billion of their investable cash. John is FINRA Series 7, and 63 licensed and has the Certified Treasury Professional (CTP) designation from the Association of Financial Professionals (AFP) 

John holds a BA degree from Assumption College .
William Harrington, Bank of America
 William Harrington is a Vice President, Senior Product Consultant at Bank of America Merrill Lynch. 
He is responsible for Liquidity Management Consulting while providing liquidity and investment solutions tailored to meet the operating, reserve and strategic cash needs for institutional clients. Bill has been with Bank of America Merrill Lynch since 2006. Prior to joining the Bank, he worked several years as a Product Manager and NASDAQ Market Maker specializing in the equities financial market. As a Product Manager, he was responsible for providing market data solutions for Global Investment Banks Institutional Cash Trading Groups. While as a Market Maker, he provided liquidity on Fortune 500 companies on the NASDAQ stock exchange. 

Bill holds a BS from University of Massachusetts and an MBA from Rivier College.