Matthew Kenji Chan, CFA

Working Capital Management

• Responsible for management of Phoenix resources at each step of working capital cycle

- Ensured efficient use of cash and lines which allowed the business to achieve its highest monthly volume in 2021

- Active monitoring and reporting of cash conversion cycle to ensure Asset-Liability Matching (Assisted in securing Php6B worth of supplier credit deals)

- Established the cash waterfall for the LPG subsidiary

Bank Lines Management

• Liaised with bank counterparties to ensure continued access to Php26B of short-term credit lines (LC/TR/PN)
• Assisted in securing Php16B of Term Loans

FX Hedging

• Proposed FX Hedging Strategies to cover up to $200M+ of monthly FX exposure (Spot and Forwards). Hedged positions netted approx. Php15M in FX gains.

Treasury Operations

• Managed teams handling Phoenix's core treasury functions: Trade Finance and FX Trading, Cash Flow Reporting, Cash Management Operations
• Ensured resilience of Treasury operations during the COVID-19 Pandemic

- Implementation of Online Banking ACA and ADA

Capital Raising

• Assisted the Phoenix Finance team in the successful listing of Php7B PNX4 Preferred Shares

Fund Management

• Achieved consistent real return for the company's Php150M retirement fund while keeping within duration and risk mandates

Treasury Professional for a Local Conglomerate with exposure in Power Generation, Education, Steel, Cement, Real Estate Development and Hotels

• Treasury Officer (2016 - 2019)
• Treasury Analyst (2013 - 2016)

Primary FX Expert for the PHINMA group

• Formulates and Manages Group FX Risk Exposure

- FX Hedging Strategy for roughly $70M worth of annual importations (LC and Non-LC)

- Investment Strategy for roughly $5M worth of FX assets

• Execution of FX trades

- Point person for all FX trades (Spot and Forward)

- Monitors the completion and submission of trade documents

- Maintenance of database for FX deals

- Ensures that bank requirements are met to keep FX lines open

Experience in Financial Markets and Fund Management

• Directly responsible for managing the group's roughly Php2B in long term funds
• Oversee a team of Treasury Analysts who invest the group's funds
• Provides financial markets guidance to the Treasury Team and PHINMA Senior Management

- Editor and contributor in the Treasury Team's biweekly financial markets newsletter

- Primary organizer of the PHINMA Group's Annual Economic Briefing

Experience in Debt Raising and Management

• Short Term Borrowings

- Ensured trust receipt costs were priced at a premium 1-1.5% over ref. rates

• Long Term Debt

- Raised Php400M in term loans to finance business expansion

Driver of Innovation in Treasury Systems

• Implemented an online system to collect group-wide FX requests

Senior Data Analyst for a Big-Data Analytics firm

Client Service Representative for the Treasury Services and Securities line of business