Joseph Neu

Leading peer knowledge exchange for treasury and finance professionals @neugroup.

[Joseph Neu @NeuGroupLeader]

Black and minority-owned financial institutions have a low benchmark to match on yield and a real opportunity to win cash investments if they are able to tout other performance metrics alongside them that help lift members of communities cash-rich firms aim to serve.

[Joseph Neu @NeuGroupLeader]

@NeuGroup facilitated a successful Treasury Investment Managers' Peer Group meeting last week. Thanks to @MorganStanley Investment Management for your support and insight along with that of our members. My KTAs follow.

[Joseph Neu @NeuGroupLeader]

Instead of pushing investment policies over the edge to find 30bps, why not put cash with minority-owned banks or impact investment funds that will do good things with it and earn D&I or ESG basis points?

[Joseph Neu @NeuGroupLeader]

The bad news is that regulatory edicts that raise their cost of capital and liquidity will tick up, too, and banks already are losing their competitive edge to less-regulated funding platforms.

[Joseph Neu @NeuGroupLeader]

@NeuGroup held its Bank Treasurers' Peer Group H2 meeting yesterday, a first, after meeting annually for 16 years. Thanks to @MorganStanley for supporting the exchange. To follow are my three KTAs.

[Joseph Neu @NeuGroupLeader]

Plus, likely infrastructure spending will push up inflation expectations to the point where the long end of the curve may rise and become more NIM-friendly--all good news for banks.

[Joseph Neu @NeuGroupLeader]

9/9 It's the lack of access to COEs that drives treasury to a self-service model. CFOs/treasurers therefore would do well to determine a balance between power users that become builders and investing in sufficient dedicated builder professionals to serve specialty functions.

[Joseph Neu @NeuGroupLeader]

A big thanks to all the members of NeuGroup's FX Managers' Peer Group 2 and @SocieteGenerale for getting our second-half meeting season off to a great start. @AFribergNeuGrp, kudos for bringing us together! My KTAs follow. 1/9

[Joseph Neu @NeuGroupLeader]

8/9 The problem compounds when everyone is free to use whatever tool they have taught themselves to use on the web. This is where it is important to hand off to an IT center of excellence, which needs good finance function acumen and a sub-group with good treasury acumen.