Boosting performance,
Strengthening resilience

Welcome to Corium Treasury Limited, provider of interim and advisory corporate treasury services. Corium was founded by James Leather in 2018 and draws on his extensive experience and a global network of professionals, to help businesses identify their financial risks, formulate appropriate responses and to successfully navigate these risks.

Recent assignments include: Chair of the Group Treasurer’s Exchange Europe in Berlin; FX Risk Review and Policy creation for Mainstream Renewable Power (wind and solar) and HES International (commercial ports); Liquidity & Investment review for Alfa Financial Services (FTSE 250 software group); treasury System and Process upgrade for Ocado Plc; LIBOR transition for Landsec Plc across £5.5bn of debt and derivatives; Liquidity and Funding support for Interserve Ltd; and interim Global Director of Treasury for Getronics (highly leveraged IT services business).

Services

What we do and how we do it

Service 1: IBOR Transition

“Bigger than the EURO” is how some have described the end of LIBOR – but it doesn’t have to be overwhelming. A combination of planning, cross-functional engagement, training and execution can make the challenge manageable.

The remaining USD LIBOR settings will cease to be published after 30 June 2023. Corium Treasury can provide project management or advisory services to help your organisation with the transition to SOFR (or other identified risk-free rate), should support be required.

Service 2: Liquidity and Investment Review

How much liquidity do we need? Which instruments can we use? Do we have surplus liquidity? How should this be invested – and how should it be managed?

Corium Treasury can help untangle governance from policy and processes from systems, by analysing where your organisation stands today on this fundamental subject and setting out options for the future, in a structured report.

Service 3: FX Risk Review and Policy Creation

Understanding the exact FX exposures an organization faces can be tricky. But getting this understanding is vital if they are to be effectively managed.

Corium Treasury can help a business gain this understanding, as well as assess how any FX exposures can be managed, before converting this information into a policy, with system and process recommendations.

Service 4: Training

There are times when training can help – be it for a specific need, such as compounding (e.g. SONIA, SOFR etc) and ESG, or for a general requirement, such as accelerating the skills of a new team member, so that they can contribute to the team, more quickly than might otherwise be possible.

Corium Treasury can provide both specialist and general training, as required.

Service 5: Presentational Performance

Heart pounding like a bass drum?

Corium Treasury has teamed up with performance researchers from the Royal College of Music and Imperial College to harness techniques such as Virtual Reality and sequential simulation to improve high-pressure presentational performance. Treasurers are not always natural presenters and can benefit from some coaching, to help with critical presentations, such as to the board, to debt investors, to the CFO, or to the CEO – or even to their own team.

Service 6: Interim Services

Sometimes, the services of an interim can be helpful: for some, it buys time, so a permanent replacement can be chosen without rushing; and for others, the expertise that a contractor brings is attractive, as they are able to ‘hit the ground running’ and immediately add value in troubling times, deploying a range of skills from implementing cashflow forecasting models, to handling LIBOR transition.

Whatever your interim need, Corium Treasury can probably help you fill the gap and leave your organisation with lasting improvements.

Team
James Leather
FCT, CertBALM, CGMA
James is a corporate treasurer with over 20 years’ cross-sector experience operating from London and Sydney, into Asia, Europe, the Middle East and Africa. He is a former member of the UK’s Working Group on Sterling Risk-Free Reference Rates and a technical contributor to the Association of Corporate Treasurers. James is a qualified corporate treasurer (FCT) and accountant (CGMA), as well as a holder of the Certificate of Banking Asset and Liability Management (CertBALM) from the UK’s Asset & Liability Management association.

Others

Where necessary, Corium can draw on the expertise of a global network of professionals in the provision of its services.

Testimonials

“James was an incredibly professional, prepared, and dedicated Chair for the Group Treasurer’s Exchange Europe 2022.... he was a fantastic fit for the conference.”

Ellie McIntosh

Conference Producer, IQPC Exchange

“…at Sydney Motorway Corporation (a complex PPP)…I found him to be an excellent team player, supportive of his colleagues, logical in his approach, hardworking and efficient in delivering the targeted outcome….also possessed a strong set of stakeholder management skills….”

Ian Khaw

M&A and Strategy Professional

“…not only spearheaded IBOR transition for us, but also stepped up when the rest of the team left…invaluable…”

James Gillard

Treasurer at Land Securities Group Plc

“…continued the improvement in quality of liquidity reporting, providing reassurance and stability during the raising of £135m of critical finance for Interserve…”

Simon Caton

THM Partners LLP

James and I worked together to develop a new cyber-crime proposition for Deloitte that integrated capabilities of several different parts of the firm. James has enormous enthusiasm, a hunger to try new things and a solid understanding of treasury functions.

David Owen

Partner, Cyber Risk at Deloitte

"…during BAT's global treasury transformation and centralisation project…James demonstrated outstanding teamwork abilities and provided the support required for the implementation of several key process innovation projects in the Treasury Front Office…of one of the world's largest and most global corporate treasuries…”

Peter Psarianos

Senior Associate, Corporate & Institutional Banking at National Australia Bank

Find out more

Request further information

If you would like further information please use the contact details below.

+44 (0)7526 707 872

info@coriumtreasury.com

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