8th CFO INNOVATION SINGAPORE FORUM

Under New Management:
Finance and the Global Economy

DATE
17-18 MAY 2017
LOCATION
SINGAPORE

8th CFO Innovation Asia Forum

The year 2017 promises to be a game-changer for Singapore and the rest of Asia.

A month into the US presidency, Donald Trump has withdrawn from the Trans-Pacific Partnership (TPP), browbeat some big US multinationals into rethinking non-US investment and talked tough on China and the imposition of a border tax on foreign goods that could invite trade retaliation. Rising protectionism in the US is coming against a backdrop of further US Fed rate hikes - from anywhere between two to four times this year.

Meanwhile, there is the rebalancing in the other economic powerhouse - China. Global value chains, which Singapore is deeply plugged into, are already seeing some disruptions as China shifts to a consumer-led economy. There is also a growing uncertainty in the euro zone due to Britain’s decision to leave the European Union and potential populist victories in upcoming elections in Germany and France.

Closer to home, the spillover from a money laundering scandal involving Malaysia’s state fund 1MDB is weighing on Singapore’s financial industry, with banks forced to spend hefty sums on compliance, which is not generating revenue. And a tax amnesty in neighboring Indonesia has triggered large outflows from Singapore’s wealth management industry.

But changes also throw up opportunities. New life is being breathed into the Regional Comprehensive Economic Partnership (RCEP), which can become a new engine of growth for ASEAN countries and their free-trade partners Australia, China, India, Japan, New Zealand and South Korea (but not the US). China’s Belt and Road and Asian Infrastructure Investment Bank (AIIB) initiatives might also serve as counterweight to the economic turmoil occurring in the West.   

And despite the overall weak global outlook, the International Monetary Fund predicts that Singapore's economic growth will accelerate from 1.7% in 2016 to 2.2% this year, thanks to Singapore’s accommodative fiscal and monetary policies along with rising energy prices and the ongoing global recovery.

What strategic financial planning and business transformation initiatives do CFOs need to embark on to thrive in today’s challenging economic and market environment? As technological innovation continues to accelerate and revolutionize business models and operational processes, what can CFOs do to help their organizations maintain competitive edge?

The 8th CFO Innovation Asia Forum aims at providing CFOs with much needed strategic guidance on what is to be expected under the global and domestic uncertainties. The forum is designed to provide collective wisdom and insights from the CFO Asia community, and subject matter experts to provide the freshest insights into the below areas:

  • Challenges and opportunities arising from global changes post-elections in the US, Britain’s exit from the European Union and China’s economic readjustment
  • Combating global currency fluctuation and ambiguity
  • Technological innovation on business models, operation and finance talent management
  • Innovative financial skillsets and CFO’s strategic role in the digital era
  • Benchmarking FP&A for transformational performance improvement

Who will attend?

  • Chief Finance Officer (CFO)
  • Chief Accountant
  • Finance Director
  • VP Finance
  • Finance Controller
  • GM/ Head of Finance
  • Head/ Director of Treasury
  • Chief Accountant
  • Director of Internal Audit
  • Risk Manager
  • Account/ Finance Manager
  • Other senior level finance executives

 

CFO Innovation is a must event for the finance leaders to attend. The insights and information from this event has benefited us for the past few years in terms of business decision making and personal growth.
CFO - SINGAPORE HEALTH HOLDINGS PTE LTD
The conference provided very good and useful information.
VP, Finance - DHL
It’s Asia's best gathering of CFOs and CXOs as it focuses on bringing the profession to the next level. I will surely be there next year.
Managing Director - ZALORA

AGENDA

Day 1
Day 2
08:30
Registration and Refreshment
09:00
Chairman’s Opening Remarks
09:20
Opening Keynote: Asia Economic Outlook for 2017 and Beyond

Singapore’s external-oriented economy is likely to bear the brunt as several significant international events take place, from changes to US trade policy under the Trump administration, Brexit, China’s slowdown to ASEAN geopolitical challenges. How will the increasingly volatile and unpredictable global and regional economic conditions affect Singapore’s and Asia’s performance? How can companies look ahead and react fast to the economic storm? How can the finance community in Asia mitigate the risk of currency fluctuation with the expected Fed rate hikes?

09:50
Executive Dialogue: Discovering Opportunities in the New World Order

Going into 2017, Singapore and the rest of Asia will continue to face a turbulent external environment and sluggish growth prospects. What are the reasons to stay hopeful amid the challenges? How can Singapore make the most from the improving economic dynamics of its ASEAN neighbors such as Thailand, Vietnam, and Philippines? How are discerning CFOs capitalizing on opportunities while mitigating the risks imposed by the global and regional changes? The session aims to translate the external impact to internal performance, assess the opportunities and risk, examine the defense strategy in the face of financial anxiety and uncertainty.

10:30
Networking Morning Coffee
11:00
Expert Insight: Taxation Updates in Singapore and ASEAN

With many in Asia joining the global implementation of the BEPS, the change in taxation is likely to continue into 2017. The session will focus on the broader tax outlook, dive deeper into some of the key tax development in Singapore and ASEAN countries. Will changes in US tax policy and anti-globalization stance in the UK and EU have an impact on BEPS?

11:30
Executive Discussion: Combating Currency Fluctuations

In light of the unexpected events in 2016, companies are urged to take action now to establish a solid FX strategy or face the consequences of financial loss simply from a lack of planning against currency risk. It is a top priority for companies which engage in businesses in all parts of the world to be able to deal with potential rising materials and production costs, sales volumes in foreign currencies, and many other significant exchange rates issues. How well prepared are the companies to handle the uncertainty over the depreciation of the RMB and other Asian currencies against a super strong dollar? How can CFOs manage the risk of rapid swings in currency movements?

12:10
Networking Lunch

Innovation in Treasury:

Strategic Treasury in the Time of Ambiguity

Innovation in FP&A:

From Budgeting to Strategic Influencer

13:10

Chairpersons Opening Remarks

speaker photo
William Tan
CFO
LEY CHOON GROUP HOLDINGS LIMITED

 

Chairperson’s Opening Remarks

speaker photo
Dennis Chia
CFO
STARHUB

13:20

Expert Sharing

The Current State of Play: An Update on Key Regulations

Understanding the diverse regulatory environment is challenging enough for treasurers operating in Asia, but these challenges are being further compounded by the rate of regulatory changes. From new financial reporting standard rules to more robust know your customer (KYC) obligations, from tax rules to anti-money laundering (AML) obligations, how can treasurers stay abreast of these new regulations? This session aims to provide an overview on the latest regulatory updates in the main Asian countries to ensure the treasurers stay on top of new and existing requirements.

Expert Sharing

Utilizing Predictive Analytics to Weather Digital Storm

As the digital transformation continues in 2017, for many CFOs, the new challenges center on generating value for strategic business decision in the digital era. This session will discuss: 

  • Using historical data to forecast future business opportunity and performance
  • Predicting trends and customer behaviors to respond predictively and proactively
  • Evaluating the impact of operational risk on financial performance by collecting data across all functions
  • Driving strategic decision-making with insights from predictive analytic models
  • Enabling information streams to be accessed, analyzed and shared in real time

13:50

Sponsor Presentation

Financial Risk Management in Singapore 2017

Volatilities in the foreign exchange markets have increased as financial markets grapple with unexpected political and economic developments globally.  It is vital for corporate treasurers to make sense of central bank policies and execute appropriate treasury risk management strategies to sustain profitability. This session aims to share a wide spectrum of strategies to mitigate currency risk:

  • Sharing timely market and currency trend analysis
  • Tailoring customized currency hedging strategy
  • Managing currency risk and protecting profits by using foreign exchange hedging products to stay ahead of fluctuating currency markets
  • Exploring other innovative treasury solutions

Sponsor Presentation

Benchmarking: Gaining Strategic Insights into your Data

This session aims to share best practice and benchmarking to gain insights into gaps, opportunities and areas in which the company’s financial and business strategy could be improved. Areas such as technology investment and process efficiency in FP&A, the current and future use of predictive modeling, the new approaches to financial performance target setting and data integration will be discussed against a backdrop of a changing global economic and business environment.

14:20
Networking Afternoon Coffee
14:50

Executive Discussion

Staying Ahead of the Curve – Managing Liquidity and Cash Flow Risk

In light of the on-going financial turmoil and liquidity risk in the region, effectively managing treasury and cash has become a critical task for finance leaders more than ever. Tackling mounting regulation and compliance matters with increasing market uncertainty, amongst other issues, poses some serious challenges for the treasury in today’s economy. This panel will highlight how CFOs and corporate treasurers can transform and optimize their treasury and cash management function to improve liquidity, save costs and minimize risk, whilst enhancing operational performance and creating value.

Panelists:

speaker photo
Christopher Emslie
Country Treasurer Singapore
ABB

 

speaker photo
Antti Kyyrö
Head of Regional Treasury APAC & Japan
NOKIA

 

Moderator:

speaker photo
Suryanarayanan Balasubramanian
Group CFO
HELIX LEISURE

Executive Discussion

Developing a Successful Big Data Integration and Alignment Strategy

In light of the on-going financial turmoil and liquidity risk in the region, effectively managing treasury and cash has become a critical task for finance leaders more than ever. Tackling mounting regulation and compliance matters with increasing market uncertainty, amongst other issues, poses some serious challenges for the treasury in today’s economy. This panel will highlight how CFOs and corporate treasurers can transform and optimize their treasury and cash management function to improve liquidity, save costs and minimize risk, whilst enhancing operational performance and creating value.

15:40

Executive Discussion

FinTech Revolution: Keep Up or Lose Out

Global financial technology development is too hard and costly to disregard. This panel will explore:

  • How is digital disruption changing the way corporate treasury is managed?
  • What is the future of treasury technology?
  • How can Blockchain speed up much of the work for corporate treasury teams?
  • What are the inherent security issues and how can they be addressed?

Executive Discussion

Value Creation through Insights – Becoming a Perceptive Business Advisor

As a transformer, CFOs become a lead partner to the CEOs in shaping and executing future strategy. On top of conventional methods, in what innovative ways can FP&A be leveraged to provide true business impact? How could the company’s strategy be translated into action through FP&A insights in an uncertain economy? What are the skills and analytics capabilities needed in insights generation process?

Panelists:

speaker photo
Daniel Berenbaum
Head of Global Capital Equipment
GLOBALFOUNDRIES

 

speaker photo
Jun Wang
Finance Director - ASEAN Cluster Countries
KIMBERLY-CLARK

 

speaker photo
Diana Leng
CFO
KS DRILLING PTE LTD

 

Moderator:

speaker photo
Anandram Narasimhan
Director - Controlling (Asia Pacific
MERCK HEALTHCARE

 

16.30
Lucky Draw and End of Conference Day 1
08:30
Registration and Refreshment
09:00
Chairman’s Opening Remarks
09:20
Executive Interview: Insights from 2016 CFO Innovation Award Winners

Honored as 2016 CFO Innovation Award Winners, these CFOs orchestrated the transformation and finance strategy in the digital era. What do they think about the future of finance? What are opportunities and risks they are anticipating in the coming months? What advice do they have for other CFOs in 2017?

09:50
Executive Dialogue: Coffee with CEO – Creating an Unbroken Communication and Collaboration

Most CEOs of leading companies have relied on their CFOs to help them manage the business, complement their skills and offer leadership on top of their financial expertise. Despite the close relation, objectivity and independence remain crucial for CFOs to troubleshoot and manage the risks inherent in corporate strategies. Achieving the right degree of independence and collaboration is a tough balancing act for many CFOs. In addition, CFOs, being the right hand person to CEOs, will have to strike a balance between driving cost efficiency and investing in bold innovation for growth. Consistent communication is the answer to the challenges above. The session aims to bridge the communication to harness the power of CEO-CFO collaboration:

  • What is the expectation of CFO from a CEO?
  • What are the main barriers causing the communication breakdown?
  • How could both complement each other in terms of roles, leadership attributes, and strengths in navigating towards company’s strategy?
  • How could both work together to manage the board’s expectations and questions

10:20
Networking Morning Coffee
11:00
Executive Discussion: Being A Future-Agile CFO

From the rise of disruptive technology, increased use of big data to the expansion of CFO’s role, 2016 has been a year of revolution, challenges and growth. With the arrival 2017, the expectation will not go any lower. By adopting a careful but entrepreneurial approach to risk, CFOs will continue to be counted on in steering the company’s development and navigating the economic volatility. This panel will focus on the following:

  • What finance trends do CFOs anticipate in 2017?
  • What can CFOs do to overcome anxiety surrounding economic uncertainty?
  • Will knowledge of FinTech be a basic requirement to becoming a CFO?
  • AI , Robots and the future of finance
  • How can CFOs truly transform themselves and their teams into strategic business partners? What are the obstacles in the transformation and how are they resolved?

11:30
Executive Discussion: Robo-Accountants are Coming: Are You Ready?

The landscape of future jobs and skills has evolved in a faster pace than you can imagine. Advancements in AI and robotics will eventually lead to substantial job losses in the near future. As many basic and repetitive works will be taken over by technology, it is essential to upgrade ones traditional finance skillset to a strategic level to add exceptional value to business decision and growth. The session will focus on:

  • Identifying which roles and finance function capabilities are likely to be automated, semi-automated, or whether human skills need to be retained
  • Upskilling for the AI age: What skillsets finance talent should be equipped to win over the competition with robots? 

12:10
Networking Lunch

Technological Innovation in Finance:

Building Competitive Advantage in a Changing World

Innovation in Shared Services:

Embracing Digital Transformation and Driving the Next Generation SSC

13:10

Chairperson’s Opening Remarks

Chairperson’s Opening Remarks

speaker photo
Dr. Omer Softic
Senior Director AsPac Service Delivery Lead, Finance
JOHNSON & JOHNSON

 

13:20

Executive Discussion  

CFO’s Survival Toolkit for the Digital Economy

As digital innovation continues disrupting the finance function, CFOs are striving to create efficiencies of scales from low-cost, high-value technologies.

  • What are the most significant technological changes impacting the way CFOs and their team work?
  • How would it evolve in the next 5 years?
  • How can technology be leveraged to improve business alignment?
  • How can CFOs make the most of human ingenuity to counter technology that potentially replace many conventional jobs in the future? 

Panelists:

speaker photo
Frederic Verin
Vice President Finance
HAPPYFRESH

 

speaker photo
Yoke Ping Yip
Group Head of Finance
LAZADA GROUP

 

speaker photo
Dennis Chia
CFO
STARHUB

Case Study

Continuous Improvement (CI) within Shared Services to Improve Efficiency and Grow the Company

Continuous Improvement (CI) framework has been started and operated for years. Nevertheless, how well has the CI framework been applied? Where is the successful story? What are the plans to evolve the CI approach and framework to fit the new shared services model? If you were given a chance to do it over again, what would you change?

Presenter:

speaker photo
Dr. Omer Softic
Senior Director AsPac Service Delivery Lead, Finance
JOHNSON & JOHNSON

 

13:50

Sponsor Presentation

Data Analytics Capabilities within Finance: A Treasure-Trove of Value at Your Fingertips

Learn how to turn data and analytics into powerful change tools that will increase your value within the organization.

Sponsor Presentation

Beyond Outsourcing: Creating Value through Global Business Services

Security, Mobile, Social, Cloud – how are these driving digital transformation and a new GBS delivery model.

 

14:20
Networking Afternoon Coffee
14:50

Executive Discussion

Rise of the Machines: Robotic Process Automation and Implication

Robotic automation is going to be a highly disruptive and transformative technology for finance industry. Although it has been marketed for some time, doubts and questions remain unsettled.

  • What are CFOs actually thinking about robots?
  • How can robotics actually work for finance? What processes should finance transformers focus on when they are thinking about the application of robots?
  • What are the real benefits of RPA? What assurances do the CFOs need to move forward? What are the implications of RPA upon the organization?
  • What are the next steps after adopting RPA?

Executive Discussion

Transforming Finance Operations through Strategic Outsourcing and Shared Services in Today’s Global Economy

Doing more for less continues to be the key theme for 2017 and beyond. Companies are seeking to unearth pockets of cash in their businesses to improve liquidity management and reduce funding costs, in today’s economic slowdown. This panel will evaluate:

  • Latest trends in outsourcing finance functions in Asia
  • Technological infrastructure in supporting an increasingly globalized enterprise
  • Strategies to drive maximum value and accelerate the pace of change from outsourcing
  • Captive vs. Third party shared services models
  • The trend of global business services

Panelists:

speaker photo
Laura Wang
Regional Finance Director
DHL

 

speaker photo
Josh Yeoh
Regional Finance Director
PHYSIO-CONTROL

 

15:40

Executive Discussion

Cybersecurity and Cloud – Maximizing the Cost Advantages and Flexibility of Cloud

As many companies have already deployed cloud-based system, the session aims to take the discussion to the next level by addressing actual implementation issues and security concerns.

  • Sharing insightful experience of deploying cloud – change management, obstacles, limitations
  • Managing associated risk particularly in relation to data security and compliance with different regulatory regimes
  • Devising defense strategy and information security programs to protect from hacking and cybercrime

Executive Discussion

The Future of Finance Shared Services

The next generation of shared services will require moving from a cost-reduction to a business-outcome focus. 

  • How do the geopolitical changes affect the future of SSC?
  • With the arrival of robotics and AI, will the digital disruption truly transform the shared service operating model?
  • What do the shared services centers need to do to prepare for the change?
  • Are regulatory and cyber risk well managed?
  • Will shared service center prove to be the pioneers of technology-led workplace innovation?

 

16:20
Lucky Draw and End of Conference

SPEAKERS

speaker
Christopher Emslie
Country Treasurer Singapore
ABB
speaker
Cesar Bacani
Editor-in-Chief
CFO INNOVATION
speaker
Vivek Sharma
Treasurer, APAC
COFCO RESOURCES
speaker
Alexander Joramsa
CFO, Asia Pacific and China
GE GRID SOLUTIONS
speaker
Nilesh Zaveri
SVP & CFO, Finance & Corporate Operations
DISCOVERY NETWORKS ASIA-PACIFIC
speaker
Dr. Omer Softic
Senior Director AsPac Service Delivery Lead, Finance
JOHNSON & JOHNSON
speaker
Suryanarayanan Balasubramanian
Group CFO
HELIX LEISURE
speaker
Yoke Ping Yip
Group Head of Finance
LAZADA GROUP
speaker
William Tan
CFO
LEY CHOON GROUP HOLDINGS LIMITED
speaker
Anandram Narasimha
Director - Controlling (Asia Pacific)
MERCK HEALTHCARE
speaker
Antti Kyyrö
Head of Regional Treasury APAC & Japan
NOKIA
speaker
Soo Chin Hor
CFO
NOVARTIS – ALCON LAB
speaker
Richard McLean
Regional CFO
SAP ASIA
speaker
Thomas Zipperle
Chief Financial Officer
SAP ASIA
speaker
Joyce Chua
Assistant Vice President, Group Internal Audit
SINGAPORE POST
speaker
James Lee
Director of Finance
SOFITEL SINGAPORE CITY CENTRE
speaker
Manoj Bhojwani
EM Financial Controller (Director)
TAKEDA PHARMACEUTICALS
speaker
Rodrigo Felice S. Gimenes
Regional Treasurer Asia Pacific
DANONE
speaker
Laura Wang
Regional Finance Director
DHL
speaker
Frederic Verin
Vice President Finance
HAPPYFRESH
speaker
Daniel Berenbaum
Head of Global Capital Equipment
GLOBALFOUNDRIES
speaker
Jun Wang
Finance Director - ASEAN Cluster
KIMBERLY-CLARK
speaker
Diana Leng
CFO
KS DRILLING PTE LTD
speaker
Dennis Chia
CFO
STARHUB
speaker
Cyndi Pei
Senior Vice President, Group Finance and Group Financial Controller
YEO HIAP SENG
speaker
Josh Yeoh
Regional Finance Director
PHYSIO-CONTROL
speaker
Lavinia Koh
Group CFO
MYREPUBLIC
speaker
Adeline Kee
Head, Finance
NTUC HEALTH CO-OPERATIVE LIMITED
speaker
Neeraj Singhal
CFO Asia Pacific
BCD TRAVEL
speaker
Simon Goo
Executive Director and Head of Risk Analytics
UOB
speaker
Karen Cheng
Finance Director
STARBUCKS

2016 SPONSORS

Partner Sponsors


Associate Sponsors


Recruitment Partner


Executive Roundtable Sponsor


Executive Luncheon Sponsors


Business Connect Partners


Security Sponsor


Exhibitors


Supporting Partner


Organizer


Venue
Singapore
Singapore

Delegate inquiries

Francesca Lin

francesca@questexasia.com

+852 2589 1352

speaking opportunities

Sutha O`Connell

soconnell@questexasia.com

+65 6395 4588

Sponsorship opportunities

Nigel Standley

nstandley@questexasia.com

+65 6394 7694