Bitcoins are in the news. Opinions vary a lot in between “the new global currency standard” and “difficult to understand in practice and governance”. Corporate Treasurers need at least to have a start of an opinion. We see Tesla and other big corporates currently buying crypto currencies. What are opinions among corporate treasury professionals? Is investing surplus cash in crypto currencies the new reality in corporate treasury or is it a hoax?
Tristan Verhagen, a student in our TM&CF programme, will introduce the topic at this webinar. Tristan will share his provoking ideas about investing surplus cash in Bitcoin. Is this the New Reality in Treasury or a Hoax? Tristan wrote an academic paper on this subject and this has added value in terms of a new insight for the treasury professional and is very useful for experts as well as laymen to be updated on the issue.
Tristan Verhagen (Lecturer)
Tristan Verhagen graduated in Strategic Management from Tilburg University. Real estate is the cornerstone of his career. He has worked for various real estate investors and is now Director Finance & Control at Eigen Haard. A few years ago, he fell through the Bitcoin rabbit hole and since then his views on money and monetary policy have changed significantly. He is open to the idea that Bitcoin’s unique properties will in the future lead to it becoming an important (macro) asset and therefore suitable for a large group of investors (e.g. insurance companies and pension funds).
Wilko Bolt (Discussant)
Wilko Bolt is a Senior Economist in the Economics and Research department at De Nederlandsche Bank in Amsterdam and Professor of Payment Systems at the Vrije Universiteit Amsterdam. His current research focuses on payment economics, cryptocurrencies, two-sided markets theory and antitrust implications. He has published in journals such as American Economic Review, European Economic Review, International Journal of Industrial Organization and Journal of Money, Credit and Banking. Bolt was awarded the Hennipman Prize by the Dutch Royal Economic Association in 2007 for his research.
Joan Schutte (Discussant)
Joan Schutte joined ASML back in 2014 as VP & Corporate Treasurer and is responsible for Treasury, Corporate Finance and Insurances globally. From 2010 to 2014 Joan was Director Treasury for VimpelCom (Veon) in Amsterdam. Before that, he worked 12 years for US based Sara Lee Corporation in various Treasury roles in Curaçao, Singapore and Chicago and as Finance Director for the global procurement function in Utrecht. Joan started his career in Treasury in Belgium for CSM NV and Campbell Soup Company. Joan holds a MSc in Economics from the University of Amsterdam. He serves on the Board of the Dutch Association of Corporate Treasurers (DACT) and has served on the Board of the Association of Corporate Treasurers Singapore (ACTS).
Pieter de Kiewit (Moderator)
Pieter de Kiewit is a treasury aficionado, recruitment consultant and owner of Treasurer Search. Together with his team, Pieter finds candidates for interim assignments and permanent positions in corporate treasury. Pieter holds an MSc. in Organizational Science and has over 25 years experience in international recruitment. In many ways he contributes to the treasury community by connecting people and companies. He supports educators, for example as a member of the management board of the RT programme of the Vrije Universiteit Amsterdam.
