Friday, April 17, 2009


- Manage your overseas operation or financial organization on an interim basis in a period of transition. This will assure you of good governance while you take the time to choose and train the right candidate.

- Apply my international experience in global cash management and establish processes to deal with currency exposure around the globe, set up global cash management systems in liaison with banks and utilize techniques such as pooling to minimize exposure to entity liquidity issues, foreign exchange and conversion risk.

- Implement processes and systems such as Virtual Trader to help you execute your inter company billing more efficiently, reconcile your intercompany accounts in minutes and close your international books in one day.

- Prepare or help you prepare budgets, financial forecasts, strategic plans, and road show presentations to make sure you have all the tools to effectively plan and monitor your progress.

- Document processes in foreign subsidiaries in accordance with SOX 404, ensure they reflect and are compatible with the home office accounting policies, train the staff and implement them.

I am a leader, an original thinker and team player; happy to be hands on yet simultaneously capable of taking a step back and overlooking the whole playing field. I know and understand the many functions and disciplines in a corporation and the way they are interrelated. I know how to connect and coordinate them so that all of them work efficiently as a unit.

I hold a Dutch passport and speak many European and Asian languages; I am used to traveling constantly.

In summary I am able to help you and your Company in a number of processes and functions in the international arena. I am and have been successful in the role of a consultant and have always left an organization in better shape than when I first joined it. I am experienced in most management disciplines and able to operate at all levels within a corporation.

Call for more information or a quote
+66 851 855 421

Monday, March 30, 2009


Is there anything in this auction plan that prohibits the sellers to finance the buyers? After all, the sellers are big banks and that's what they are designed to do: finance profitable enterprise.

What if a bank A enters a contract with a financial entity B, such that for every dollar that B spends at the auction, A offers it a free dollar in credit with loose return requirement. Then B carries practically zero risk and is interested in gobbling as much of the toxic asset as possible, driving the auction price way beyond the fair value (whatever that is). For every extra dollar that is spent at the auction, bank A collects 12 dollars from the government, so the dollar it gave away (to B) is not a factor. Both sides are pulling an arbitrage of a lifetime, at the expense of the taxpayer. The price could easily go even above 100 cents on a dollar. Of course, this would attract unwanted scrutiny and public outrage, so the parties (banks and government) instead would just agree on mutually acceptable prices. To make it a “success”, Geithner would have to agree on banks' asking price, just like the initial TARP plan: direct subsidy to the banks, only under the cover of the “auction-fair-value” fig leaf and with fewer strings attached, it seems.

So what would preclude such a scenario? Even if banks are prohibited to finance the buyers directly, isn't there always a way to create the same contract through multiple intermediaries and complex derivative instruments? Too difficult? As long as it's legal, with hundreds of billions of free dollars on the table, the smart people of Wall St. will surely not miss the chance.

Watch this video particularly towards the end: