Speakers

Speakers

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Stanley J. Hales

Partner - Transfer Pricing

Deloitte

Stan is a partner and transfer pricing economist in the Deloitte tax practice based in the Sydney Australia office.  With over 20 years of experience, he collaborates with his clients to solve transfer pricing and tax-related valuation problems, with a focus on the financial services industry.  Stan's clients include primarily commercial and investment banks.  A current project involves the tax and transfer pricing ramifications of the IBOR reference rate replacement in customer lending and derivatives arrangements at a multinational commercial bank.  Other clients include real estate investment trusts, investment managers, private equity firms, insurance companies, brokerage firms, trading companies, finance companies, and treasury operations at technology, media and pharmaceutical companies.  The valuation analyses cover loan valuations, diverse inter-company fees, insurance premia, commissions, credit spreads, guarantees and interest rates on loans, as well as royalty modeling and cost-sharing analyses for intangible property, and cost allocation studies. His tax controversy experience includes IRS field exams and appeals proceedings; preparing mutual agreement procedure submissions to revenue authorities such as the IRS, the ATO, and Japanese NTA; preparing rebuttal papers concerning proposed tax adjustments; and negotiating bilateral advanced pricing agreements with revenue authorities. His expert testimony as an economist involved complex loan re-pricing, IP valuation, and royalty analyses, which settled out of court.  Relevant tax treaty experience involves the application of the OECD reports on global trading of financial instruments to the allocation of income to permanent establishments of taxpayers operating global dealing operations in branch form.  Stan taught university-level courses in economics, statistics, money and banking and transfer pricing. He was a doctoral fellow at the Rheinische Friedrich-Wilhelms-Universität Bonn and earned MA and PhD degrees in Economics from The Ohio State University of Columbus, Ohio, USA, with a primary focus on the valuation of foreign currency futures options.  As a husband to his wife Lori for 18 years, in their spare time, they enjoy sailing and mountain biking together.

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Alastair Harris

Director

Deloitte

Alastair has over 15 years of Financial Market experience, with 5 years in a leadership role within a global investment bank as the regional head of Product Control Valuations, and subsequently as head of Market Risk.

He was recently responsible for leading the system and valuation impact analysis due to LIBOR cessation and benchmark reform for a bank major, aided in establishing the bank’s project plan, and designing the exposure analysis.

He recently delivered a webinar to Finance & Treasury Association on the impact of the LIBOR replacement on Australian Corporates.

Paul Wong

Director, Funds Transfer Pricing

Standard Chartered Bank

  • 14 years experience in finance and treasury across middle to senior level engagements.
  • Sub-areas of management reporting and business planning, finance systems, Asset & Liability Management, Funds Transfer Pricing (FTP), Corporate Strategy and Audit (Internal & External)
  • Facilitator and adjunct lecturer in ACCA subjects for 8 years in a reputable Malaysian college
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Connie Kang

Associate director, financial risk management, risk consulting

KPMG

Connie has over 10 years’ experience providing advisory services. She started her career at a global bank’s treasury department and focused on asset liability management including behavioural modelling, interest rate management, liquidity risk management, FTP. She worked for KPMG US for 8 years before she moved to Hong Kong, covering a broad range of areas including quantitative modelling, derivative valuation, stress testing, regulatory reporting and data governance. After joining KPMG Hong Kong, she has been leading projects including IRRBB, Liquidity Risk, ICAAP and capital management. Specific projects related to market risk and trading book activities include:

  • Assisted banks to revamp the liquidity risk framework and behavioral models for LM-2 and FTP purposes
  • Assisted banks to develop behavioral models to implement IRRBBB framework
  • Assisted medium size banks enhance the FTP framework and asset liability management framework for balance sheet optimization
  • Supported global banks on model governance, model validation and model lineage for behavioral models
  • Conducted independent reviews on banks’ LCR reporting, liquidity risk stress testing and cash flow projections
Vamsi Potnuru

Funds Transfer Pricing Specialist

Standard Chartered Bank

Trung Nguyen

Senior Manager

PwC

11+ years of experience in banking & finance industry, focusing on balance sheet management, assets and liabilities management, fund transfer pricing, recovery & resolution planning. Recently, Trung has moved into consulting, assisting banks to achieve best practices and full potential in ALM, FTP, IRRBB and Liquidity management. Recent projects completed include LCR implementation, ALM & FTP Framework Enhancement, ICAAP implementation.

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Karl Rubach

Managing director

IBSM Solutions Inc.

Karl Rubach is the Managing Director and founder of Integrated Balance Sheet Management Solutions, Inc. in Toronto, Canada. He has over 20 years of international Treasury, Balance Sheet and Capital Management experience. He has lead the implementation of Risk Adjusted Return on Capital (RAROC) and Balance Sheet Optimization frameworks, including Funds and Transfer Pricing (FTP) and Economic Capital allocation.


He is a frequent speaker at industry events. He holds a master’s degree in finance as well as a bachelor’s degree in economics from ITAM Mexico. He is also a CFA charter holder.

Craig Bennie

Director

Deloitte

Craig has worked for Deloitte’s transfer pricing team since 2011, with experience in both the Sydney and London practices. He spent two years on secondment in London within Deloitte’s Financial Services TP group. His is focused on serving clients across the banking, investment management, insurance and property/infrastructure sub-sectors, with a predominant lean towards banking.

Craig has worked on a diverse range of transfer pricing engagements, including developing and monitoring the implementation of transfer pricing policies, audit defence and risk reviews, operational transfer pricing, cost allocations, debt pricing and capital structure support and preparing documentation for a range of clients and industries.

Craig has worked on a number of banking, private equity, alternative fund management, insurance and infrastructure clients, including analysing fee splits, sales and trading relationships, cost sharing, and intra group funding arrangements.