A Treasury & Investment Perspective

by Maulik N. Parekh



Book Details

Language : English
Publication Date : 12/7/2021

Format : Softcover
Dimensions : 6x9
Page Count : 244
ISBN : 9781543766141
Format : Hardcover
Dimensions : 6x9
Page Count : 244
ISBN : 9781543766165
Format : E-Book
Dimensions : N/A
Page Count : 244
ISBN : 9781543766158

About the Book


Praise for the Book : 

Referring to his experiences living in various continents and reflecting on the last several recessions, the book helps understand key techniques to manage risks and liquidity that can be make-or-break for companies. 
-Mr. Jatan Shah, MS(IE), ex-Mckinsey, COO, CTO, QSC Audio (California, USA) 

This book is a must-read for CFOs who need to keep abreast with the disruptive financial and technological changes taking place while also taking cognizance of identifying new risks and unprecedented scenarios. As the book suggests, treasurers need to be agile and always plan for contingencies. I highly recommend this very well-written, hands-on book with pragmatic guidance. 
-Mr. Deepak Parekh, Chairman, HDFC Ltd. (India) 

Maulik Parekh's perspective on ABSM from a practitioner's perspective is an interesting and engaging bird's eye view of the world of money and finance, seen with the thoughtful risk-taker's lens of a pragmatic professional. The book seamlessly weaves seemingly disconnected areas from the interrelated worlds of finance, portfolio management, and economics. 
- Mr. JK Khalil, MBA '10 (Chicago Booth), ex Banker, ex Consultant, Regional General Manager at Mastercard 


Book Summary: 

Active Balance Sheet Management (ABSM) - a Treasury Perspective is the outcome of the experiential learning of the author as an asset liability management (ALM) professional in the dealing room during the Lehman crisis (aka global financial crisis) when the "too big to fail" theories went for a tailspin due to liquidity crunch in money markets.

While the boiler room environment as a dealer gave a pragmatic perspective on the financial crisis and day-to-day operational challenges of funding the balance sheet and quoting interbank (LIBOR, EIBOR, MIBOR, etc.) rates, the author realized the bigger challenges in orchestrating the holistic balance sheet management framework as head of ALM in a bank treasury. While governing the ALCO and being a credit committee member, the author implemented the stress testing and contingency planning exercises along with experiencing the importance of the mantle of leadership in large organizations, which typically fails to ask the tough questions.

The purpose of the book is the transfer of these ABSM best practices to nonfinancial sector finance managers, business and management academic programs, and management consultants wanting a bird's-eye view of the technical and tactical aspects of balance sheet management.

This book will give a holistic framework and market-driven perspective on actively governing the balance sheet of a company using different diagnostic and execution frameworks. The ultimate message of the book is to drive home the point that leadership and management caliber ultimately weighs on the ABSM technical framework, and envisioning without execution is hallucination.

About the Author

Maulik N. Parekh holds a BE (mech), MS(IE) from University of Michigan, Ann Arbor (U.S.), MBA from Cornell University (U.S.), and CAIA (alternative investments) charter. He has twelve years’ experience with Fortune Global 500 firms (Barclays, Citi, UTC) in the investments and treasury domain. He has functional expertise as head of ALM and head of structured finance, managing a $5 billion balance sheet and $1 billion investment portfolio. He has twenty years’ experience investing in global equities and is passionate about identifying investment opportunities using fundamental, technical, and quantitative methods. He is uniquely qualified to invest across the capital structure with a special interest in the power of compounding of well-managed businesses. Outside of financial markets, he is active in Hatha yoga and CrossFit as a holistic methodology of fitness. Other interests include astrology, Ayurveda, business books, and alma mater associations.