Bank Mendes Gans (BMG), a subsidiary of the Dutch bank ING, is joining the European Treasures’ Peer Group (EUROTPG) as the sponsor of the Fall 2013 meeting on November 21, 2013.
BMG is returning as a second-time sponsor of The NeuGroup. “We are delighted to welcome BMG back as sponsor. BMG’s first collaboration with the NeuGroup was through its sponsorship of the Global Cash & Banking Group (GCBG) in 2007 at Amgen in Thousand Oaks, CA,” says Anne Friberg, Senior Director of Peer Knowledge Exchange and NeuGroup leader of EUROTPG.
BMG is a niche bank specializing in intercompany netting and cash pooling and is a recognized world leader in cross-border, multi-currency notional pooling. It has been serving multinationals in this capacity since the 1960’s, starting with Dow Chemical (once a substantial shareholder), which essentially outsourced its netting and cash pooling to BMG to help launch the original platform. Notional Pooling was a topic of interest at the most recent meeting of the EUROTPG, and the group will have a full session dedicated to it at its upcoming autumn meeting. BMG will co-present on the pooling theme with its client, EUROTPG member United Parcel Service (UPS).
The NeuGroup’s European Treasurers’ Peer Group (EUROTPG) brings together like-minded senior treasury practitioners in Europe to share experiences and best practices with their peers. All members are senior treasury practitioners with responsibility for European treasury and risk management operations at global corporations. EUROTPG is one of 15+ NeuGroups (www.neugroup.com) representing more than 300 members at 180+ companies.