TreasurySpring appoints Caroline Stockmann

Nick Martin

Head of Marketing
Monday, Oct, 23, 2023
5mins

Caroline Stockmann, FCA Hon FCT (outgoing CEO of the ACT), joins as Non-executive Director.

  • TreasurySpring appoints Caroline Stockmann, a leading voice in the treasury profession, to its board.
  • Its recent Series B funding, led by Balderton Capital, has inspired TreasurySpring to increase its team, but at the right pace, and while partnering with the right calibre of industry leaders.
  • Alongside her wealth of knowledge as a board and C-suite director, Caroline brings 30 years of experience within international finance, operations, governance, and leadership roles. She is also an experienced international leadership and change management coach and mentor.
  • Caroline’s appointment coincides with the company’s broader growth plans as it continues to scale its product, sales, marketing, and tech teams, to expand its product offering and accelerate international expansion.
  • In addition to her broad-ranging governance and business skills, in her role as NED, Caroline will lend her advice and experience to our approach within the large corporate and other sectors, offering strategic guidance and oversight. This invaluable insight into the industry will enable us to tailor our approach to ensure our products are customer-led.
  • TreasurySpring is a London-based fintech which has built a unique cash investment platform offering companies of all sizes access to risk-adjusted, secured cash investment capabilities, previously reserved for the world’s largest financial institutions.
  • TreasurySpring supports clients across a range of sectors and stages including FTSE 100 corporations, leading multinationals, charities, global fund managers and high-growth tech companies, including Schroders, Muller, Hg, Bunq, Lendable and Tide.

 

London, 1st August: TreasurySpring – appoints Caroline Stockmann, FCA Hon FCT (outgoing CEO of the ACT), as Non-executive Director to the board of directors.

 

Caroline Stockmann: Expertise and wisdom from someone at the heart of treasury
TreasurySpring appoints Caroline Stockmann to its board of directors. Caroline joins the team as the company implements its growth strategy and continues to scale its product, sales, marketing, and tech teams, while further expanding its product offering. We welcome her wealth of knowledge as a board and C-suite director and her 30 years of experience within international finance, operations, governance, and leadership roles.

Caroline’s previous role as CEO of the respected ACT (Association of Corporate Treasurers) has placed her at the heart of all things treasury. During her time at the ACT Caroline was pivotal in (among other things) driving change for IE&D and ESG policies. Her role of CEO at the ACT also oversaw professional career education for treasurers, and she acted as an advocate for corporate treasurers with regulators, governments, and other key stakeholders. Caroline also remains Deputy Chair of IGTA (the International Group of Treasury Associations).

In her role as a Non-executive Director at TreasurySpring, Caroline will lend her leadership and coaching experience to our approach across the treasury profession, offering strategic guidance and oversight to ensure all that we do is customer-led. This valuable insight into the industry will enable us to tailor and refine our approach.

A time of growth for TreasurySpring
Caroline’s appointment follows TreasurySpring’s recent $29 million Series B funding, led by Balderton Capital. This latest round of funding has provided the company with the capital to fund its broad range of growth plans as it continues to scale its product, sales, marketing, and tech teams in order to expand its product offering and accelerate international expansion.

Founded in 2017, TreasurySpring addresses the growing need for companies of all sizes to diversify their cash deposits, access high-quality investments and minimise their banking risk. This challenge is especially urgent in the wake of rising interest rates and with the dangers of unsecured deposits having been brought into sharp focus by the recent collapses of SVB and Credit Suisse. Thanks to its seamless, secure solution, demand for the TreasurySpring platform has accelerated, with over 300 institutional clients already signed up.

TreasurySpring’s intuitive solution makes it easy for companies to invest excess cash through a secure and flexible platform. They work with a broad range companies from FTSE 100 corporations and leading multinationals to Series A growth companies and can include leading fund managers, insurance companies, banks, charities and family offices. Designed to help those companies maximise returns whilst minimising risk, the platform gives access to investment capabilities and diversification that have historically only been accessible to the world’s largest financial institutions.

Whilst TreasurySpring is set to increase the size of its team, it is keen to do so at the right pace and in the right way – partnering with only the most talented and respected industry leaders and champions for change. As the company looks to implement its growth strategy and offer the best risk-adjusted cash investment products to an even greater number of corporate clients, it’s clear that Caroline Stockmann is the perfect partner for TreasurySpring. The company will also look to harness her passion and understanding for sustainable investment and ESG in the development of its own product offerings. Caroline’s appointment to the board will ultimately provide greater insight into the core needs and aspirations of the treasury sector and of treasurers themselves.

 

Caroline Stockmann, Non-executive Director, TreasurySpring board member, said:

“I’m really excited to be joining the board of TreasurySpring. It’s not only an exciting time for the organisation, with lots to think about as it grows, but the essence of what it is trying to do is something which really appeals to me. For more years than I can remember I have advocated for making CFOs’ and treasurers’ lives easier, most notably in my role at the ACT. So TreasurySpring’s creation of a platform for investment which decreases risk while maintaining a healthy return, with the potential to benefit most if not all treasurers, is what I’m really passionate about!”

 

Kevin Cook, co-founder and CEO at TreasurySpring, said:

“From the moment that I heard that Caroline was moving on from her position as Chief Executive of the ACT, I was keen to see if we could find a way to work together. I have always been impressed by the breadth and depth of Caroline’s knowledge about everything from corporate treasury to leadership and coaching and it is a privilege to have her join us as a director. I am excited to work with, and learn from her in the years to come and I have no doubt that she will fit in perfectly to the TreasurySpring family.”

 

John Bentley, Head of Sales, TreasurySpring added:

“We’re incredibly excited that Caroline Stockmann has joined the board of TreasurySpring. Her invaluable experience as chief executive officer of the ACT, and her years of overseeing corporate treasury in CFO roles at established organisations, will help TreasurySpring further enhance and structure our product offering around the needs of corporate treasurers.”

 

 

ENDS

 

Contact:
Nick Martin / nmartin@treasuryspring.com

About Caroline Stockmann, FCA Hon FCT:
A highly experienced board and C-suite director, working for 30 years in international finance, operations, governance, and leadership roles.

Until April Caroline was the Chief Exec at the Association of Corporate Treasurers, the global membership body which provides education throughout the careers of treasurers, and advocates for them with regulators, governments, and other stakeholders. The ACT is passionate about treasury & was established to support corporate and other treasurers whose role is to balance financial risks and opportunities, leading to stable organisations and economies.

Caroline’s experience is broad, and includes: running women’s as well as other leadership workshops globally; leadership development through courses at Durham University as well as for the Centre for Finance, Technology and Entrepreneurship (CFTE) and FutureLearn; revenue growth across the commercial and not-for-profit sectors; strategic planning; performance metrics; governance and beyond.

Caroline now has a portfolio career and is on the boards of the CIPD (Chartered Institute of Personnel & Development – Treasurer), the International Group of Treasury Associations (Deputy Chair), Oxfam International (Treasurer), the Guildhall School Trust, and a large schools academy (KCSP) – chairing the audit committees of the last two. She is a member of the Elton John AIDS Foundation finance & investment committee and Chair of the RC Archdiocese of Southwark investment committee.

About TreasurySpring:
Founded in 2017, TreasurySpring is a ground-breaking platform revolutionising institutional term cash investment. TreasurySpring makes it easy for companies from FTSE 100 corporations and leading multinationals to series A start-ups and scale-ups to access a simple and secure platform for their cash which delivers higher returns, reduces risk, and enables diversification. Over the past six years, TreasurySpring has built the underlying infrastructure which enables companies through a single digital onboarding to quickly place their excess cash in over 600 regulated and standardised products across seven different currencies.

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