Noor Hayati Mohd Selamat

Experienced Global Treasurer with 28 years of employment history in the maritime, airline and banking industries.

Head of Treasury, Wilhelmsen Ships Service Group – WSS (Global) Nov 2017 -May 2022
The treasury role was moved to the main subsidiary of WMS Group, to be even closer to the operating business. The group further restructured in 2019 where Finance (including treasury), HR, IT and Admin formed a separate division, supporting all subsidiaries under Wilhelmsen Group, effectively becoming a shared service centre.

• Strategically re-aligned policies, business processes and banking requirement to the new Group’s corporate objectives/structures, working closely with the group senior executives.
• Collaborate with internal business partners to provide and implement viable treasury solutions to support their business needs.
• Implement new set up with banks and vendors due to the restructuring initiatives, including new legal entities, different banking requirements, payment integration etc.
• Introduce new banking products such as Worldlink, virtual accounts, virtual card program and receivable financing for improve efficiency and cost saving. Renegotiation of FX spread for the worldlink product saved one of the subsidiaries close to USD1M savings annually.
• Re-engineer treasury processes to better utilise technology improvement.
• Work with Fintech to establish a receivable financing solution.
• Close monitoring of Group’s liquidity, review FX and interest rate risk and took mitigating actions in areas which was impacted by the global Covid pandemic.
   

Deputy Head of Treasury, Wilhelmsen Maritime Services Group - WMS (Global)
Mar 2016 – Oct 2017
Promoted to Deputy Head of Treasury of the Group, responsible for the strategy and structure of the Treasury activities of the Group. The scope is further expanded to include Americas and Europe region.

• Completed global RFP exercise for the Group, selecting 3 main banking partners and achieving 30% reduction in bank transaction fees.
• Established an efficient liquidity structure enabling a seamless upstream of cash flow to WMS on daily basis, with automated visibility of cash balances of more than 95%. The new structure maximises pooling of the group cash that facilitate a reduction of Group’s loan utilisation.
• Centralised e-banking system administration, issuance of guarantees and all banking requirements to Treasury team.
   

Head of Treasury Wilhelmsen Maritime Services Group - Asia & AMB
Aug 2009 – Feb 2012
The group treasury function of Wilhelmsen Maritime Services Group (WMS) centralised in Oslo, has limited involvement in in-country treasury activities. Recruited as Head of Treasury for Asia Pacific in Aug 2009, with primary responsibility to set up a regional treasury centre that will oversee the treasury activities of the Group in Asia Pacific. It was subsequently expanded to include Africa, Middle East and Black Sea (AMB) in 2011 to maximise value creation to the group.

• Establish a Regional Treasury Centre in Singapore for Asia Pacific and expanded to AMB region.
• Work with Group Treasury to establish policies and procedures for WMS Treasury activities in Asia and onboard the affected subsidiaries.
• Created working treasury processes and overviews in IT2 Treasury management system to facilitate the new treasury setup.
• Build relationship with banks based in Singapore and Malaysia.
• Implement the Group’s first ERP (IFS & SAP) payment integration with the bank via Host to Host.
    

Regional Cash Manager, A.P. Moller Maersk (APMM)
Aug 2006 – Aug 2009
AP Moller Maersk Group Treasury was centralised in Copenhagen before decision was made to be closer to the business by setting up a treasury centre in Singapore (Maersk Treasury Centre) covering Asia Pacific in 2006. Started as the Regional Cash Manager for APMM and promoted to General Manager after 2 years.

• Set up the regional treasury centre for APMM, creating a working office, carving out the treasury activities for APAC from the Group and set up Front and Back Office procedures and SOPs.
• Established relationship with the Asian banking counterparts and negotiated trading lines.
• Review cash management requirements in APAC and followed with RFP exercise which led to reduction of bank fees of about 45%. Successfully implemented the re-banking exercise, new account structure and integration between APMM’s ERP (SAP) and banks, together with the newly
  formed shared service centre handling payments.
• Participated in adhoc projects for Latin America and parts of Africa although the role’s responsibility covers only APAC.
   

Treasury Accountant, Singapore Airlines
Apr 2000-Jul 2006
SIA’s corporate treasury covers all its subsidiaries’ global treasury requirements, including acting as the counterparty for its subsidiaries’ liquidity and foreign exchange needs.

• Review cash management solutions for SIA’s offices globally.
• Implement the solution and technical integration with the banks.
• Liquidity management of the Company and the Group.
• Prepares daily and short-term forecasting of Company’s cash flows.
• Engages in spot, forwards and NDF for liquidity management and hedging.
• Act as counterparty for subsidiaries’ liquidity and hedging.
• Implement Company’s investment strategy and products suitable to meet the strategy.
• Develop procedures for banking processes.
    

Relationship Manager, Maybank
Jun 1995 – Mar 2000
Joined Maybank as a bank management trainee with one year rotation across divisions.

• Specialized in credit analysis, promoted to lead a team of credit reviewers by end of two years.
• Established an automated credit processing system, working with developers and various stakeholders.
• Promoted to relationship account manager in the credit marketing unit of the Singapore Main Branch.
• Manage a portfolio of customers and their banking needs.

Education
 

1994 Bachelor of Social Sciences (Honours) Second Upper Class Degree in Economics from the National University of Singapore.

1993 Bachelor of Arts Degree in Economics and Statistics from the National University of Singapore.

Skills

• Global Cash Management
• Risk Management
• Change Management
• Negotiation
• Payment integration
• Process Improvement
• Project Management