FiREaaps to Speak at Southern California Association for Financial Professionals (SCAFP)
FiREapps CEO Wolfgang Koester to Share Currency Risk Management Best Practices
SCOTTSDALE, Ariz. — April 10, 2007 — FiREapps™, the leading provider of corporate foreign exchange management technologies,
announced today that CEO Wolfgang Koester will be speaking at the monthly SCAFP lunch meeting in Los Angeles, CA. Koester will provide guidance and advice on how to upgrade or establish currency risk management policies and processes that minimize the impact of currency volatility on corporate earnings.
Even though foreign exchange risk has become increasingly difficult to manage over the past few decades, many corporate treasury and finance departments face the daunting challenge of managing foreign exchange using decades old processes and technologies. The audience will leave with a game plan to examine their foreign exchange operations and set policies and processes to mitigate risk in today’s volatile global market.
"More and more companies of all sizes are doing business internationally. With new markets and sales opportunities come all kinds of risks, with FX risk being one of the most important and volatile. This session will help our members understand and mitigate FX risks,” said Richard Ercole, executive vice president of directory treasury management at East West Bank.
Wolfgang Koester will discuss setting and maintaining a corporate currency risk management policy, how to create a snapshot of foreign exchange exposures and potential impact of banking actions or currency changes. He will also address how to make timely optimal decisions based on established policies and current market conditions and how to establish achievable performance benchmarks to ensure measurability and accountability.
- Topic:Currency Risk Management Best Practices
- Date:Friday, April 13, 2007
- Time:11:15 a.m. PDT
- Location:Omni Los Angeles Hotel (Formerly: Hotel Inter-Continental)
251 S. Olive Street, Los Angeles, CA 90012, (213) 617-3300
- To register: http://www.scafp.net/MeetingRegFrm.htm
Koester’s talk on currency risk management best practices will help others understand best practices for foreign exchange exposure management, compliance and economic risk. By reducing the operational inefficiencies of tracking and analyzing foreign exchange exposures and transactions, organizations will be able to evaluate currency risks and optimize internal banking and/or hedging decisions that reduce the impact of volatility on corporate earnings.
About Koester
Wolfgang Koester is the CEO of Rim-Tec, Inc. which developed FiREapps, the leading provider of foreign exchange exposure management technologies. Koester has been managing risk for Fortune 100 companies as well as governments, including G-10s, since 1986. Prior to forming Rim-Tec, Koester served as President with GFTA Trendanalysen Inc., a quantitative currency manager. Koester holds a Bachelor of Science from Arizona State University and a Master's Degree in International Management from The Garvin School of International Management.
About FiREapps
FiREapps, a subsidiary of Rim-Tec, Inc., is the leading provider of Corporate Foreign Exchange Management Technologies. The company provides technologies and services that help corporations optimize foreign exchange processes. These solutions help customers mitigate risk while increasing profitability and operational efficiencies. FiREapps has offices in Scottsdale, Arizona and Portland, Oregon.
Contact:
Dara Sklar or Michael Kellner
Schwartz Communications
415-512-0770
