UNC Program instructors are among the most respected practitioners in the treasury management field; a number are published authors. Please click on the instructor’s name for a biographical sketch.


Instructors

MICHAEL J. ALFONSI, CRM, CCM, WPT

MICHAEL J. ALFONSI, CRM, CCM, WPT

Managing Director
AnalyticResults

As the managing director of AnalyticResults, a national benchmarking, performance improvement and consulting firm, Mr. Alfonsi is responsible for the timely completion of engagements that improve the overall management effectiveness of client companies, particularly in the areas of financial processes, working capital management, bank relationship management, outsourcing evaluations, and shared service center establishment. Mr. Alfonsi’s background also includes roles as a cash and treasury manager at a large not-for-profit healthcare insurer and a middle market company, as well as positions in commercial banking. Mr. Alfonsi is a permanently certified cash manager, is certified in the Hackett Benchmarking statistical methodology and holds senior accreditation as a workplace performance technologist.

Previously, Mr. Alfonsi was a director and practice leader with a “Big 9” consulting organization, and from 1991 to 1998, he was with CoreStates Financial Corp. in Philadelphia. His role at CoreStates was twofold: internal consulting lead and project manager for commercial banking performance metrics, and the external consulting practice manager. For projects integral to CoreStates Bank, Mr. Alfonsi led the Commercial Banking Pricing Committee, the market segment analysis group, was the senior advisor to the cash management business team, and participated in the credit extension process as the methodology and price performance improvement leader. To CoreStates’ external customers, Mr. Alfonsi was the managing principal of CoreStates’ Treasury Consulting, a team of professionals completing over 50 major working capital management improvement engagements with global 2000 companies in a three year span.

Additionally, Mr. Alfonsi was part of the founding team for Citibank Delaware’s Cash Management Division, with roles in operations, technical sales, implementation and product management.

Mr. Alfonsi is a course leader and instructor for Treasury Management Program at the University of North Carolina at Chapel Hill, and is on the Board of Regents of NACHA’s annual Payments Institute. In conjunction with the then TMA (now the AFP), Alfonsi served as a standing member of the Education Committee, a founding member of the Conference Program Task Force, and task force leader for TMA’s Treasury TQM efforts. Mr. Alfonsi has designed and delivered over twenty performance improvement programs to international audiences, most notably “The Seven Habits of Highly Effective Treasury Managers” and “Myths, Lies & Euphemisms in Treasury Management.”

Mr. Alfonsi has authored best practice articles on international treasury management, working capital management, and treasury management, having been published in AFPExchange, Treasury and Risk Manager, CashFlow Magazine, TreasuryPoint.com and Treasury Manager’s Report. He holds an M.A., magna cum laude, from LaSalle University in Philadelphia, Pa., and earned a certificate in Cash Management from Duke University’s Fuqua School of Business.

EDWIN A. (EDDIE) LINK

EDWIN A. (EDDIE) LINK

Managing Director
Tidewater

Mr. Link was formerly senior vice president and director of the event management team within the Wholesale Merger Program Office for Wells Fargo Bank. Previously, he held the positions of director of Program Management & Special Initiatives, manager of Merger Transition & Integration, manager of Finance, Information Reporting & Risk Management, and manager of the Product Group for the Treasury Services Division at Wachovia Bank.

He has served as chairman of the Board of Directors of the North Carolina Automated Clearing House Association and also served on the Board of Directors of the EastPay ACH Association and the National Automated Clearing House Association (NACHA). Mr. Link is also a member of both the North Carolina Treasury Management Association and the Association for Financial Professionals.

Mr. Link has a bachelor’s degree in economics and business management from North Carolina State University. He is also a graduate of the North Carolina School of Banking at the University of North Carolina at Chapel Hill and the Graduate School of Banking of the Southeast at Louisiana State University. He is a certified cash manager (permanent credential) and a frequent treasury management industry speaker.

KEITH SHERMAN, CFP

KEITH SHERMAN, CFP

Senior Vice President
First Tennessee Bank

Mr. Sherman has more than 25 years of banking experience. Keith’s extensive experience includes underwriting and structuring transactions, as well as, client and risk management in the middle and large corporate markets. After working for Ethyl Corporation in Virginia and Republic Bank in Dallas, Texas, Keith spent 15 years with Wachovia in international services and corporate banking. He also spent five years in Wealth Management at Wachovia and then BB&T as Managing Director of the triangle market in North Carolina before joining First Tennessee. Keith earned the CFP designation in 2000, and has a B.A. in Economics and M.B.A. from Wake Forest University.

DANIEL L. BLUMEN, CTP

DANIEL L. BLUMEN, CTP

Partner
Treasury Alliance Group

Daniel L. Blumen, CTP is a founding partner of Treasury Alliance Group where he leads consulting engagements dealing with working capital management and other global treasury issues. Prior to co-founding Treasury Alliance in 2002, he was Managing Director of Knowledge Management Applications, a firm he founded in 1998.

Dan was with Bank of America in Chicago and also in Singapore where he managed the ASEAN region of the Global Payment Services Group. He also worked for Citibank in Chicago and in London where he had pan-European management responsibility for cash management business development.

He has worked with large multinationals and emerging international companies and shares his experience as an author and as a frequent speaker at cash management gatherings worldwide.

Dan received his BA in economics, magna cum laude, from Syracuse University and his MBA in finance from Carnegie-Mellon University. Blumen is a certified treasury professional.

KAREN HORCHER, FCPA, FCGA, CFA

KAREN HORCHER, FCPA, FCGA, CFA

Consultant
Hedge Rho Management, Inc.

Karen Horcher provides management consulting services and training in treasury, finance, and capital markets. Her clients include financial institutions, multinational corporations, regulators, and governmental organizations.

Karen began her career in capital markets trading foreign exchange and money markets. Her recent projects include streamlining cash management and improving treasury and risk management processes. Karen has also provided expertise in legal and regulatory cases involving derivatives. She is a CGA and holds a CFA designation, and she is a frequent speaker on related financial topics. Karen currently serves on the Board of Directors of a federal Crown corporation.

Karen is the author of several finance books, including Essentials of Financial Risk Management and Essentials of Managing Treasury, both published by Wiley New York, and Merlin’s Essentials of Financial Risk Management, and as well as numerous articles. Ms. Horcher has an economics degree from the University of Toronto, is a certified general accountant (CGA) and holds a chartered financial analyst (CFA) designation.

VANESSA HUBBARD MCMICHAEL

VANESSA HUBBARD MCMICHAEL

Vice President
Wells Fargo Securities

Vanessa Hubbard is a Vice President in the Fixed Income Market & Portfolio Strategy group at Wells Fargo Securities. She is based in Charlotte, North Carolina.

Vanessa has more than 8 year’s financial industry experience. In her current role, she works with the short-duration team and is responsible for partnering with various cash management professionals within both corporate and public entity spaces.

Vanessa joined Wells Fargo through a predecessor firm, Wachovia Securities, in 2007 where she specialized in public finance as an investment banking analyst.

Vanessa holds a bachelor’s of business administration from Howard University and a master’s in business from the University of Chicago Booth School of Business. She holds Series 7 and Series 63 licenses.

Vanessa resides in Charlotte, North Carolina with her family.

MELODY JOY HART, CPA, CTP, FP&A

MELODY JOY HART, CPA, CTP, FP&A

Senior Consultant
Strategic Treasurer

Melody joined Strategic Treasurer in the fall of 2013 as a treasury and finance leader with 30+ years of global experience. A former Treasurer, she has held positions in Treasury in a number of industries, including consumer products, automotive, wholesale, retail, distribution, manufacturing, and service/consulting. She has broad treasury experience in capital markets and bank financing, global debt compliance, cash management, financial risk management, TMS implementations, pension, and endowment investment oversight, and insurance. She is consistently recognized as an expert in streamlining processes, instituting controls and policy, developing and implementing internal controls and compliance systems, evaluating credit and liquidity needs, negotiating favorable credit terms as well as managing diverse and complex financial systems and processes. She has a proven record in managing relationships with banks, rating agencies, vendors, and customers.

Melody received her MBA from Keller Graduate School in Chicago, Illinois. She has a BS from Bradley University in Peoria, Illinois and is a Certified Public Accountant (CPA), a Certified Treasury Professional (CTP), and a Certified Financial Planning &Analysis Professional (FP&A). She also studied Corporate Financial Management and Pension Benefits Management at the University of Michigan’s Executive Education Program.

BLAINE J. CARNPROBST, CTP

BLAINE J. CARNPROBST, CTP

Vice President
The PNC Financial Services Group, Inc.

Blaine Carnprobst is the Receivables Product Advisor in the Treasury Solutions Group (TSG) within PNC Treasury Management. Blaine partners with PNC Product Management, Operations and Sales to represent a robust set of receivables services that comprise PNC’s A/R Advantage Suite. These services include PNC’s award winning A/R Advantage Receivables Portal, which includes Lockbox, ACH, Wire, EDI and Card payments with remittance details and images. The suite also provides superb exception management tools and receivables matching services.

Blaine joined PNC in April 2017 after more than 30 years of supporting treasury services through operations, product management and business strategy at two other financial institutions. Blaine’s product experiences have included Retail and Wholesale Lockbox, Remote Deposit Capture, Merchant Services, ACH, Smart Safes, and Check Services.

Blaine is also an instructor of fundamental and advanced receivables at the University of North Carolina’s Kenan-Flagler Business School’s Annual Treasury Management Program.

Blaine is a Certified Treasury Professional (CTP), has a bachelor’s degree in accounting and holds an MBA from the University of Pittsburgh.

DAVID W. TEMME, CPA, CCM

DAVID W. TEMME, CPA, CCM

Senior Vice President
PNC Bank

David W. "Dave" Temme is a senior vice president with PNC Bank's Treasury Consulting Group. Dave joined PNC in 1992, after spending several years addressing a variety of cash management and other treasury-related issues at Unisys Corporation. Prior to joining Unisys, Dave spent several years serving a diverse client base as part of the audit staff at Coopers & Lybrand. His background provides an effective blend of insights from a corporate practitioner perspective with a solid understanding of the accounting implications of a client's treasury activities.

Dave spent several years in a leadership role with PNC Bank’s Consulting Group. This unit assisted clients in addressing core corporate treasury functions/activities and working capital utilization – covering billing, collection, credit, procurement and trade payment processes. For the past seven years, he has applied this focus as a senior consultant, working with PNC Treasury Management officers to understand client workflows and requirements and deploy emerging solutions to their fullest use.

Dave graduated from Drexel University in 1984 with a B.A. in Accounting. He subsequently received his M.B.A. from Duke University's Fuqua School of Business in 1989. He is a certified public accountant licensed by the State of Pennsylvania.

MATTHEW H. RIBBENS

MATTHEW H. RIBBENS

Senior Vice President
Branch Bank & Trust Company

Mr. Ribbens is responsible for the bank’s strategy on existing and emerging payment opportunities along with strategy support for mobile, online, social media, ATM and phone delivery channels. His role includes providing deep industry expertise, market intelligence, client analysis, cross Line-Of-Business insight development, business case support, plus regulatory review and response.

Prior to BB&T, Mr. Ribbens spent nearly eight years as a payments practice expert with McKinsey & Company with a strong focus on treasury management banking and commercial payments (B2B, C2B and B2C). He also managed the Global Concepts Cash Management Forum, an industry-leading event for treasury management bank executives. In addition, he regularly consulted in the payments space for product management, sales delivery, operations, implementations and client service, market opportunity identification, commercial card, mobile and online banking platforms. Prior to joining McKinsey, Mr. Ribbens worked in the Corporate Executive Board Company’s, Corporate Finance and Financial Services Practices for nearly four years.

Mr. Ribbens has a Master of Business Administration degree with distinction from the Coles College of Business at Kennesaw State University and a Bachelor of Arts in Economics and Psychology from the University of Michigan. He is a member of the Association of Financial Professionals and a Certified Treasury Professional (CTP).

CATHERINE W. TOWLES

CATHERINE W. TOWLES

Consultant

Cathy Towles, formerly a Treasury and Payment Solutions Senior Vice President, oversaw the Commercial Card, Integrated Commerce and International Solutions Product line within Product Management at SunTrust Bank. She joined SunTrust in 2001 and has served as manager of the Payables Solutions Team, Receivables Solutions Team, the Treasury Management Project Office and the Depository & Liquidity Management Solutions Team prior to assuming her current responsibilities. She is a member of the Association for Financial Professionals (AFP), a member of the EMV Forum and a former board member of the Georgia ACH Association (GACHA).

Prior to joining SunTrust, Cathy was affiliated with Wachovia Bank for over 13 years, holding positions as the Retail Lockbox Product Manager, the Wholesale Lockbox and Electronic Product Manager, a Senior Project Manager, and the Treasury Management Receivables Product Line Manager. She began her 30-year banking career with a Texas bank holding a number of positions in Banking and Branch Operations.

Cathy is a graduate of Vanderbilt University in Nashville, Tennessee. She holds B.A. degrees in Business Administration and French.

CRAIG S. SAXER, CPA

CRAIG S. SAXER, CPA

Senior Advisor - Treasury

Craig S. “Sandy” Saxer recently retired as senior vice president and manager of business development for PNC Bank’s Sales Development Division, which is a member of The PNC Financial Services Group.

Mr. Saxer has spent most of his 32-year career as a treasury professional and consultant to corporate treasuries. In his current assignment, he is responsible for sales force advanced practices learning. He also presently manages a strategic development business team focused on the Accounts Receivable Advantage services for PNC Bank clients and prospects. These services perform sophisticated receivables file daily functions now done in the client’s “back office.”

Since 1980, he has headed PNC Bank’s Treasury Consulting Unit, which serves a variety of middle- and large corporate clients who require specialized consulting capabilities focused on treasury matters. His work spans internal and external collection system structures, treasury workflow analysis, best practice evaluations, quality and performance measurement systems, and disbursement controls. He also has had major client development responsibilities involving understanding complex business needs and building sophisticated solutions from 1995 though the present.

From 1987 until 1991, Saxer also had responsibility for the Customer Profitability Analysis function within PNC Bank. He sat on the Philadelphia region Product Management Oversight Committee, and chaired the Corporate Services Pricing Committee. Prior to 1987, his experience included development of a PNC predecessor’s strategic planning function, managing cash and analysis functions for the predecessor holding company, and assistant management of internal audit. Before joining PNC Bank in 1976, Saxer held positions with Norcross, Inc., as assistant treasurer, and Coopers and Lybrand, in various audit and consulting capabilities.

Saxer graduated from Haverford College in 1969, with a B.A. in Economics, and is a certified public accountant (CPA) in the State of Pennsylvania. He also holds a permanent certified cash manager (CCM) designation from the Association of Financial Professionals (AFP). He is a frequent speaker at AFP conferences both nationally and regionally, with his most recent topics being “Working Accounts Receivable,” “Re-engineering the Treasury Department” and “Accounts Receivable Improvement- Catch the Wave!” Saxer has also authored several articles, among these “EDI: Data and Payments Issues”, Journal of Cash Management; “Advanced Cash Management Measurement Techniques”, Corporate Cash Flow Magazine; and “Improving the Quality of Bank Relationships”, TMA Journal.

PETER D. WHEELER

PETER D. WHEELER

Senior Vice President
Treasury Services National Sales Manager

Pete Wheeler is the Treasury Services National Sales Manager for KeyBank’s Institutional and Healthcare Segments. He manages a team of professionals that are responsible for the treasury and Trade sales functions for Key’s corporate clients. Pete also has responsibility for the bank’s healthcare payments vertical which includes the development of specific strategies to meet the growing needs of the bank’s healthcare clients.

Pete has more than 30 years of treasury management experience. Prior to joining KeyBank, Pete was responsible for managing a national healthcare sales team and treasury product consulting at Wells Fargo Bank. He also served as a product development manager and treasury management consulting manager for Wachovia Bank and Bank of America.

Pete is a Certified Treasury Professional and Six Sigma Greenbelt. His expertise has been recognized in a number of industry initiatives including electronic check taskforces, healthcare forums, and retail industry groups. He is a frequent speaker with the Association of Financial Professionals. Pete earned a B.S. in Economics from St. Lawrence University.

JOHN G. KOLAR

JOHN G. KOLAR

Vice President
Wells Fargo

John Kolar is a Vice President and a manager of the Fraud Prevention Education, Training and Process team at Wells Fargo Bank. He has over 20 years of experience in financial services, primarily in Treasury Management serving in online product management, technical sales and release management roles.

In his current role, John manages a team of consultants that create and maintain training and process documentation for the fraud prevention agents. John’s team also creates, updates manages the education collateral for internal and external use for the Wholesale business.


Program Directors

Steven F. Maier, Ph.D.
Academic Director
Michael J. Alfonsi
Program Co-Director
Edwin A. Link
Program Co-Director