About Treasury Solutions
John Finn is Managing Director of Treasury Solutions Limited, a Cork-based Treasury Risk and Corporate Finance Management practice.
Having obtained an honours B. Comm. from UCD in 1985, John Finn qualified as a Chartered Accountant in 1989 and was made a Fellow of that Institute in 1999. He is also a member of the Irish Association of Corporate Treasurers and is a Past President of that association. Finally, he passed his membership examinations of the UK Association of Corporate Treasurers in 1993 and was elected a Fellow of that Association in 2003. In total, he has almost 30 years’ experience in Treasury and Financial Management, working for a number of companies including a US multinational and a UK plc.
Read More
For the 6 years from 1995 to 2001, as Group Treasurer of Musgrave Group Ltd., one of Ireland’s largest private companies, he oversaw the establishment and development of the Treasury function. During that period, Group turnover grew by 260% both organically and by acquisition from a base of €760m. This resulted in a number of fundraising exercises covering both bilateral and syndicated loan facilities. He was directly involved in the full spectrum of related corporate activity including strategic planning, completion of business cases, bank presentations, facility negotiations and subsequent risk management. In addition, he was responsible for all aspects of interest rate and foreign exchange risk management, cash and surplus fund management for the Irish and UK operations and banking relationships.
Since May 2001, he has been Managing Director of Treasury Solutions Ltd. and has already created a niche for the Company in its field of operations – bank funding, interest rate risk and cash management, foreign exchange (FX) risk management, treasury policy and bank relationship management. Clients have been both private and public companies as well as operating in the semi-state and Local Enterprise Office sectors. Funding exercises undertaken to date for clients vary in size from €0.5m to over €700m, covering Ireland, international bilateral and syndicates, US Private Placements and European Investment Bank.
He currently sits as a Non-Executive Director of the global treasury subsidiary of a privately-owned multinational (T/O>€2bn) having previous served on the boards of several subsidiaries of Musgrave Group plc and client companies in IFSC where they outsourced their treasury management to these entities.
In other experience, he was part of the development and delivery of Brexit currency management and policy programme for BordBia, the development and delivery of nationwide financial management advice mechanisms to clients of Enterprise Ireland for Brexit purposes and the delivery of Treasury CPD courses for most of the accounting bodies in Ireland.
Treasury Solutions was launched in 2001 to provide a niche treasury and corporate finance service to companies who do not have full time professional treasurers but who recognise the need to improve the quality of their risk management and corporate funding.
Success to Date
Already establishing ourselves as a leader in the area of treasury and corporate finance, the scope of work undertaken has been varied and includes:
- Structuring and negotiation of bank funding for large private corporations (in our opinion, funding risk IS the biggest risk faced by any corporate as without funding, one cannot survive.)
- Development of longer-term financial planning models and the drafting of plans which reflect the financial aspects of strategic plans.
- Policy and Procedures covering all aspects of treasury including interest rate risk management and foreign exchange risk management.
- Treasury Review covering funding, cash management and foreign exchange practices.
- Interest rate and foreign exchange strategy formulation and communication.
In summary, company personnel has been involved in fundraising exercises exceeding €700 million including some of the largest syndications ever done in the Irish banking market. Risk management (interest rate and foreign exchange) strategies have been developed for over €1 billion of debt.
We measure our success not only on the quality work that we have been asked to carry out but also on the repeat business already being secured on the back of the initial one-off projects. Furthermore, Treasury Solutions has performed the work for a portfolio of clients who are instantly recognisable names in both the private and publicly quoted arenas. It has advised on over €10billion of debt deals since 2001
A final measure of the success of Treasury Solutions is the emergence of retainer work whereby corporates use the services of Treasury Solutions on an ongoing basis.