The Invisible Vault podcast

Practicing Defensive Finance Strategies with Paolo Tonucci, CFO at Marex

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This episode features an interview with Paolo Tonucci. Paolo is CFO at Marex, a diversified global financial services platform. 

Paolo has been with Marex since 2018, having joined as COO and becoming CFO in 2020. Prior to Marex, he served as Group Treasurer at Commonwealth Bank of Australia. He has also worked as Head of Funding and Liquidity at Barclays Bank in London and spent 12 years as Global Treasurer for Lehman Brothers.

On this episode, Paolo discusses how to reduce your vulnerability to currency hedging, staying on top of the latest and greatest in fintech platforms, and how to effectively secure accounts against emerging cyber threats.

Quotes

*“We’re always pushing. I think if you stand still, you are going backwards. There’s new products and new platforms, new languages emerging all the time. So I don’t think that you can sit on a stack and say, ‘That’s the perfect technology stack and I’m never going to have to modify it.’ We’re always looking to bring in new products. We’ll upgrade them, make them quicker and faster. And the pipeline of potential opportunities in terms of technology developments or new technology from third parties is enormous. There’s always more demand than there is capacity to develop or to bring in those technologies. But absolutely, you’ve got to move forward.”

*“You need to know your own business and you need to invest in knowing your own activities and your own currency exposures, which is more difficult than people imagine. Just because sometimes the processing and the accounting systems are not set up to handle multi currency or provide that. But that’s where you have to invest. So again, it’s a function of having the right systems and being able to extract the right data.”

*”What do you need? You need to have commercial skills. You need to think of yourself as, I think, an owner of the business, as well as being a guardian of the assets and guardian of the organization. So, you need to extend the skills that you have because it used to be perhaps a bit more compartmentalized. And you could be highly skilled in the basics of finance, because you need to know more about treasury and payments and technology and treasury, and you need to control understanding, which perhaps that wasn’t so important in the past, so that you are anticipating areas of risks. So it’s a really broad set of skills.”

*“I think the investment office always has an eye on liquidity. So I think somewhere between the chief investment officer and the treasurer, you will find that that exists. I sort of feel like depending on the organization, your treasurer is your chief liquidity officer. You know, it may not be the title they have, but it is certainly the sort of centerpiece of what I think they do.”

Time Stamps

*[12:35] Segment: Cash Crossroads

*[24:55] Segment: The Playbook

*[31:31] Segment: Report From the Future

*[36:24] Segment: Quick Hits

Sponsor

The Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.com

Links

Connect with Paolo on LinkedIn

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