Episode 234: His Treasury Department navigated a Cyber-Attack, Covid, and a Fraud within 6 months.

Corporate Treasury 101

Welcome to the Corporate Treasury 101 podcast!

In today's episode, we'll have Matt Cornwall from Chubb and we discuss how in his previous company, his treasury department successfully navigated a cyber attack, followed by a high-profile corporate fraud all before Covid arrived a month later with a company intrinsically linked with the travel industry, all within 6 months.

Matt Cornwall is a highly ambitious professional with qualifications in CIMA and AMCT, specializing in treasury. With a wealth of experience in treasury, accounting, and commercial roles, Matt has successfully navigated diverse industry sectors within blue-chip global companies. Over 25 years, he has showcased robust operational treasury management skills, leading transformative changes within organizations.

Chubb is a leading global insurance company with operations in 54 countries and provides a wide array of insurance services to diverse clients. Renowned for its expertise in underwriting, Chubb excels in assessing and managing risks with discipline. The company is committed to fair and prompt claims processing. With an extensive product and service portfolio, broad distribution capabilities, and robust financial strength, Chubb, listed as Chubb Limited on the NYSE (CB), is a key player in the industry. The company, with executive offices in Zurich, New York, London, Paris, and other locations, boasts a global workforce of approximately 40,000 professionals.

In the episode of today, expect to learn:

• What were the immediate actions taken after the cyber attack?
• What are the precautions taken when communicating with the banks and the stakeholders?
• What were the immediate implications for Travelex, and how the operations were managed, especially in the context of the hedge fund Muddy Waters auditing the accounts?
• What is the role of the PE Company during this period?
• What strategies were employed to keep the team motivated and prevent panic during these successive crises?

And… much more!

We hope you will enjoy the episode.

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Learn More from Matt Cornwall: Click Here.

Links & References:

• Matt Cornwall on LinkedIn: Click Here.
• Chubb Website: Click Here.

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