Horacio Somoya

Senior Finance & Treasury Director

Salaire / Taux journalier

Luxembourg

Freelance, ouvert au CDI

Langues

Anglais (Maternelle)Italien (Maternelle)Espagnol (Maternelle)Français (Courant)

À propos

Introduction

Finance & Treasury Director with 20+ years of expertise in cash management, liquidity optimization, and corporate finance across multinational corporations. Led EMEA treasury operations at BD, managing complex financing strategies and interim country operations. Specialized in cash flow forecasting, risk management, and capital markets with proven success in Fortune 500 environments.

Liens

Expérience de travail

Head of Group Treasury Operations

Worldline

sept. 2024 - Présent

2 ans 2 mois

Paris, France

Responsible for the Group’s treasury operations and leading a 50+ FTEs treasury organization mainly responsible for the Merchant and Financial Services operations (100+ entities, 4bn+ turnover and 400bn+ flows settled through intermediation accounts). Develop the group’s shared service centre based in Romania to centralize and align to finance operating model. Accountable for the performance, security and compliance before regulatory requirements of global treasury processes of the relevant entities of the Merchant Services business line, including global cash management, monitoring of Free Cash Flow generation, centralization, bank relations, KYC procedures and safeguarding requirements. Optimization of the financial P&L and FX Exposure. Implement new liquidity structure ensure proper segregation of corporate and merchant cash (safe-warding). Re-design global treasury organization and align to the new operating model to expand scope of coverage, standardize and streamline procedures leveraging in the global service centre’s capabilities. Implementation of TMS (Kyriba).

Co-founder

Hornocal Investments

oct. 2022 - Présent

4 ans 1 mois

À distance

Co-founded this family investment firm incorporated in Spain, Argentina & US mainly dedicated to long term asset management through Real Estate investments in Spain & Argentina, private equity and other standard capital market investments in the US.

BD

avr. 2016 - mars 2023

7 ans

Luxembourg

Director, BP&A EMEA

sept. 2020 - mars 2023

2 ans 7 mois

Luxembourg

Manage and lead European team of 90+ FTEs to deliver crucial oversight for all financial matters EMEA Finance and Business Sr. Leadership. Business partner to the EMEA President and VP of Finance. Empower and contribute to digital finance initiatives and other projects including predictive analytics and AI to boost incremental value for the region. Develop and implement a sustainable strategy for conducting analysis and drafting key management reports to strengthen decision- making processes. Partner with BUs, countries, and functions to identify areas of improvement and ensure maximised efficiency of the financial forecast process through automation. P a g e 1 | 3 • Effectively managed post-acquisition change by integrating two high-performing finance teams of 90+ FTE, resulting in significant resource savings in addition to eliminating disruptions to operational workflows. • Designed and instituted a team restructuring plan to boost employee performance, currently on track to deliver 35% of additional savings for the company. • Enhanced quality, reliability, and efficiency of reporting by introducing new reporting tools such as PowerBI to automate the process.

Director, Treasury EMEA

oct. 2017 - déc. 2020

3 ans 3 mois

Luxembourg

Co-ordinated full spectrum of operations and activities in relation to the EMEA Treasury function. Collaborated with the Tax team on the repatriation strategy and dividend distribution. Functioned as a vital board member and chairman of all Lux holding companies and multiple EU entities to provide strategic leadership and direction. • Spearheaded the regional treasury integration of two major acquisitions valued at $12B and $24B. • Played instrumental role in a $2B bond issuance from a newly incorporated Lux vehicle, successfully balancing the debt of currency mix and curtailing financing costs. • Built and developed high-performing EMEA Treasury function and team in Luxembourg from the ground up to meet the needs of EMEA Finance Business Partners. • Drove the finance transformation process, facilitating a seamless transition of SSCs from Belgium and India to Poland, while ensuring minimised negative impacts to activities. Granted the CFO Award for this initiative. • Secured savings equivalent to 10+ FTEs through the automation of A/P and A/R

Interim Country Controller, Italy & Greece

août 2019 - mai 2020

10 mois

Milan, Italie

Championed a temporary assignment, serving as the Finance Director, Country Controller for Italy and Greece for BD in Milan, Italy. o Successfully setup and executed the legal entity integration plan following the acquisition. o Ensured the prompt closing of reporting and books every month/quarter, including the timely submission of financials at the end of the fiscal year.

Ass. Director, EMEA Treasury

avr. 2016 - oct. 2017

1 an 7 mois

Luxembourg

Associate Director, Global Cash Management

UCB

avr. 2014 - mars 2016

2 ans

Luxembourg

Headed numerous projects to optimise liquidity structures and mitigate idle cash balances on the international level. Restructured organisational FX Risk Management process to boost accuracy of risk identification and hedging. Assisted with cash management implementation projects in diverse South East Asian countries. Contributed to the improvement of the derivatives portfolio. Formulated the Bank Account Management policy for the group. Networked with internal audit teams to verify compliance of cash management operations with regulatory/company policies. Integrated automated structures for global cash pooling to upstream cash balances. Forged working partnerships with banks and suppliers. • Completed end-to-end an RFP process for a new cash management structure in Eastern Europe in 7 months. • Enhanced security and efficacy of banking communication by introducing UCB SWIFT Connectivity, UCB payment factory, and other electronic banking interfaces. • Redesigned completely the group’s FX Management process resulting in a more efficient and accurate one.

Koch Chemical Technology Group, LLC

juin 2009 - mai 2014

5 ans

Luxembourg

European Treasurer

juin 2010 - mai 2014

4 ans

Luxembourg

Oversaw adherence of treasury and risk management processes to relevant minimum financial controls. Tracked and administered investments and FX exposure for the cash pool. Accomplished management of contingent liabilities in the region, as well as other trade finance securities. Liaised with the Tax department to govern dividend distributions and loans/interests’ transactions. Integrated new trade facilities and guided sales leaders and contract managers to elevate wording quality. Held accountability for incorporating treasury processes in the Hamworthy acquisition. Served as the Insurance Risk Leader to manage insurance programme policies and ensure alignment with Koch insurance philosophy. • Received recognition as the one of the first bank in EMEA to implement XML-format (ISO20022) and SEPA-compliant payment solutions. On track to eliminate manual work in bookings and reporting. • Implemented new liquidity structure for the region and trade finance partner cutting banking fees more than 35% • Devised a p-card programme for the EMEA region.

Senior Analyst, Corporate Treasury

juin 2009 - mai 2010

1 an

Luxembourg

Senior Associate, Corporate Treasury

Tyco

janv. 2008 - juil. 2009

1 an 7 mois

Luxembourg

Business Controlling - Product Cost Specialist - Plant Controlling Support (MBA Project Work)

CNH Industrial

janv. 2007 - déc. 2007

1 an

Modena Area, Italy

Finance Accountant & Treasury Specialist

Adecco

avr. 2002 - mars 2006

4 ans

Milan Area, Italy

Finance Manager

Bellomo Group

août 2001 - mars 2002

8 mois

La Quiaca, Jujuy Province, Argentine

Finance Manager

Alberdi SA

janv. 2000 - août 2001

1 an 8 mois

La Quiaca, Jujuy Province, Argentine


Formation

MIP Politecnico di Milano

Master of Business Administration - MBA

2006 - 2007

2 ans

Instituto Superior de Tecnicas y Practicas Bancarias - Madrid

Master in Finance Management

2003 - 2003

1 an

Universidad Nacional de Tucumán

Economics

1994 - 1999

6 ans

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