Treasury Management Solutions

Company Bios

Keith Bergman, MBA - Managing Director

Keith Bergman has over 30 years’ experience working with top-tier financial institutions, asset and fund managers, and multinational corporations. He is considered an expert in financial and derivative accounting as well as FAS 133 and IFRS.

His experience covers business consulting, product & project management, software development, and business development. He has worked for Pendo Systems, where he was Vice President of Product Management, and Wall Street Systems, where he held several Product & Solutions Management positions.

During his tenure at Wall Street Systems Mr. Bergman successfully designed and implemented their hedge accounting solution, pioneered the start-up of a Software-as-a-Service business, TreasuryHedge.com®, and headed up the Corporate Treasury business.

For The Ledgewood Advisory Group he has assisted clients with Cash Forecasting, Foreign Currency Exposure Management, Hedge Accounting and Treasury Management needs.

Mr. Bergman has spoken internationally on FAS 133 / IAS 39 and domestically on Hedge Fund and Derivative Operations.

He holds a Bachelor’s degree in Accounting and an MBA in Finance.

Without [Keith’s] dedication, expertise and knowledge of the WSS systems and account­ing we would not be ready for our implementation today… Your abilities to work across the business teams and technology teams was key to our success and some­thing I have personally been impressed with.”

- Managing Director, BNY Mellon

David L. O’Brien, CTP MBA

David O’Brien is a Treasury consultant with expertise in global cash management, cash forecasting, treasury technology, investments, debt, foreign exchange and working capital management. To date he has had engagements with multinational corporations in 8 countries.

Prior to establishing his consulting practice, David was Assistant Treasurer at EDS Corp, a $22 billion IT Company with operations in 73 countries. While at EDS his team was responsible for global cash management, foreign exchange and working capital. Before EDS, David had similar responsibilities as Director of Treasury at Fidelity Investments and Assistant Treasurer at Holiday Inns.

He is a frequent speaker at events sponsored by Regional and Country Treasury Associations, AFP, Association of Corporate Treasurers and EURO Finance. David is a past Chairman of the AFP and has served on several of the associations’ committees.

David holds a BA from University of Richmond, an MBA from Virginia Commonwealth University and the CTP certification from the AFP.

 

Dr. Bruce G. Tabakman, MBA

Bruce G. Tabakman managed IBM Corporation’s Foreign Exchange Cash Flow hedge programs for 35 years. He was instrumental in the development of Average Rate instruments to mitigate currency volatility’s impact on Earnings per Share. Utilizing his background in Economics and his skill as an Econometrician, Bruce developed a market timing optimization algorithm for longer dated hedging, taking advantage of outlying movements in spot rates. He also initially developed, on spreadsheets, a Long Haul methodology for Hedge Accounting of FX instruments and then worked on developing this module with software vendors as the volume of deals grew. Generally considered the company’s Subject Matter Expert on all matters related to FX, Bruce served as Treasury’s spokesman to diverse groups including Accounting, Audit, Tax, Finance & Planning, IT, Business Development, and third party vendors.

More recently, Dr. Tabakman served as a Consultant to Huawei Technologies in Shenzhen, China, where he has advised on matters as diverse as Value at Risk methodologies, exposure identification, Multi-Currency Cash Pooling, and illiquid currency natural hedging.

Bruce holds both an MBA and Doctorate in Economics from the City University of New York.

Affectionately known as the IBM FX Goalkeeper, Bruce's exceptional knowledge of both Economics and Accounting allowed him to FULLY understand the exposures producing financial volatility as a result of currency movements. His expertise in the use of derivative instruments and market timing to mitigate this volatility further led to his widespread reputation as a master in the FX arena.  Moreover, Bruce's uncanny ability to simplify and explain these complex exposures and hedges made him the perfect choice as the FX spokesman to Senior Management, Auditors, System Vendors, Business Units and many others.”

- Former IBM FX Manager

Robert S. Hemstreet, CTP MBA

Robert “Bob” Hemstreet has an extensive background in Treasury and Information Technology. Bob spent 35 years working for Textron Inc., a global multi-industry manufacturing company. Bob served as the Assistant Treasurer of Global Treasury Operations at Textron's centralized Treasury Department located in Providence, Rhode Island. During his time at Textron he was responsible for global cash management, foreign exchange, trade finance, internal controls, business continuity, and Treasury-related technology. He is known at Textron and throughout the industry as someone who embraces process improvement, cost reduction, controls, technology, and simplification of workflow.  Some of Bob's accomplishments at Textron include:

Bob has a number of certifications including CTP, CDP, and Six Sigma Green Belt, and is a Steering Committee member of the International Corporate Treasury Group.  Bob has a true passion for Treasury and process improvement

After leaving Textron Bob has worked as an Independent Treasury Consultant. He has taken on various Treasury-related initiatives, including the selection and purchase of both a Treasury Workstation System and a Foreign Exchange System for a large Healthcare Company, restructuring of inter-company for a Technology Company, and restructuring of Treasury for an Automotive Supply Company.
Bob holds a BBA in Business Management from Eastern Michigan University, and an MBA in Finance from Eastern Michigan University.

 

Valerie M. Cox, CTP MBA

Valerie M. Cox has a valuable combination of cash management functionality and technology knowledge from her 15 years’ experience in corporate treasury and treasury technology vendors. 

Prior to becoming a Treasury Advisor, Ms. Cox held Implementation Consultant positions for Thomson Reuters and Kyriba.  Her role as consultant included:

Ms. Cox has also held Cash Manager Positions at Key Energy Services, Sysco Corporation, Panera Bread Company and Maritz, Inc. At Key Energy she selected and implemented Thomson Reuters Treasury for cash positioning, forecasting, payments, debt and general ledger interface.  Her role at Sysco Corporation involved deploying Remote Deposit, Pay Card, fraud-prevention controls, bank account restructuring and Sungard Resource IQ.  Prior to her move into corporate treasury, Ms. Cox spent several years in corporate accounting and has succeeded in bridging traditional gaps between accounting and treasury departments by utilizing technology solutions.

Ms. Cox holds a Bachelor’s degree in Accounting from Maryville University and an MBA from Fontbonne University.

 

Giuseppe M. Matassi, CFM

Giuseppe Matassi started his advisory practice in 2005, providing consultancy services to numerous corporate clients and banks. He has also developed and delivered several workshops and Public Seminars as well as In-House Trainings in the areas of International Treasury, Risk Management, Transaction Banking, Corporate Finance, Working Capital Management and Cash Flow Forecasting. He sits on the Boards of Directors of companies in both Sri Lanka and Belgium.
Prior to setting up his advisory practice, Mr. Matassi was Treasurer EMEA and Managing Director of the Treasury Center at Johnson Controls. There he was responsible for providing treasury services to the EMEA region with $6 billion cash flow in 14 currencies generated by 120 entities. He also managed the “in-house bank” of the company, which provided transactional treasury support to JCI’s entities worldwide. While serving these duties, Mr. Matassi was the leader of a team of 11 Treasury Professionals responsible for strategy and management of liquidity, FX and commodity hedging, corporate finance, project finance, IT and accounting in support of the business in the region.

He is a Professor/Expert at ICHEC Entreprises, teaching a Module of “Structured Finance” as part of the DSIF (Diplôme Spécial Ingénierie Financière), and regularly speaks at events organized by Treasury Associations such as ATEL, ACT, AFP and Eurofinance.

Mr. Matassi served as Director of Strategy & Business Case Analysis of Ntrust, a Service Integration and Facility Management Company headquartered in Bahrain, from 2009 to 2010.

He holds a degree from the Universite Catholique de Louvain in Applied Economics, and furthered his education at The University of Chicago (GSB),  Santa Clara University (CFM & NACM), and INSEAD (YMP).

 

Michael J. Allen, MBA

Michael J. Allen is a consultant specializing in treasury accounting and reporting. Mr. Allen has extensive experience in the installation and testing of systems covering the life cycle of treasury instruments, from deal capture, position keeping and credit, to liquidity and interest risk, and finally to accounting and back office.

Michael has 18 years’ experience of working with WallStreet Systems in systems implementation, testing and consultancy roles for a range of banking and corporate clients including SunTrust, IBM, BP, and Ford. There his roles covered front and back office operations for FX, Money Market and Securities trading.

Michael has also authored and conducted training courses and developed SQL scripts for use in functional testing and reporting.

Prior to working with WallStreet Systems, Michael was involved in the design and development of treasury and trading systems for several major investment banks.

Michael holds a Bachelor’s degree in Business Studies from Nottingham Trent Polytechnic and an MBA from Boston University.