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In this exclusive pre-event interview, Sarah McAvoy, former GSIB & Regional Bank Treasurer, explores the critical role of funds transfer pricing (FTP) in today’s banking environment. Drawing on her extensive treasury and balance sheet management experience, Sarah discusses how FTP frameworks are evolving to address profitability measurement, interest rate risk, and balance sheet optimization.
As a preview to the Funds Transfer Pricing Workshop, hosted in conjunction with Balance Sheet Management USA, Sarah highlights the challenges and opportunities facing treasurers and finance leaders today. From navigating regulatory change to aligning FTP with strategic decision-making, her insights provide a valuable foundation for workshop participants and a forward-looking view of treasury’s role in driving sustainable growth.
From 2022 to 2024, Sarah served as Global Treasurer for BNY Mellon responsible capital management, balance sheet management, interest rate and currency risk management, liquidity, funding, short-term investments, resolution and recovery planning, pension investment, and international Treasury. Sarah chaired the Asset Liability Committee, the Benefits Investment Committee, and the Resolution Steering Committee and was named to the Senior Advisory Council for the company. Prior to joining BNY Mellon, Sarah was Treasurer of CIT Group, where she managed all aspects of the parent and bank Treasury functions and led the LIBOR Transition program. Earlier, Sarah spent many years at Bank of America in Corporate Treasury, the Corporate Investments Group as a Portfolio Manager and Head of Equity and Fixed Income Research, and Capital Markets. She started her career at J. P. Morgan & Company where she held positions in Corporate Finance and headed Global Commodity Derivative Sales. She is a graduate of Georgetown University’s School of Foreign Service, where she was a Landegger Scholar and Rhodes Scholar Finalist. Sarah was selected to the 2020 class of David Rockefeller Fellows and is a member of the Women’s Bond Club and the Global Association of Risk Professionals.