Hugh Evans

Experience

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  PwC

  Jan 1988 - Jan 1992

  Assistant Manager, Audit
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  Commerzbank AG

  Jan 1992 - Jan 1996

  M&A Manager

  Managed execution teams in M&A department of first league investment bank. Member of Transaction Support Team, which carried out high profile deals such as public take-overs and equity issues in emerging capital markets.

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  DHL

  Jan 1997 - Jan 2000

  Finance Director, Development | CFO, Electronics & Chemicals

  Prepared a five-year strategic plan at group level.

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  DHL

  Jan 2001 - Jan 2006

  Reported to Divisional CEO and Board Director. Led global finance function for division with $4B revenue and presence in 70 countries. Managed overhead of $50M. Oversaw financial reporting and forecasting processes for global network business, including month-end trading flash, quarterly business reviews and forecasting, and annual budget process. Created new reporting on regional operational performance for Executive of parent company.• Measured benefits of procurement for $800M of airline spend. Extracted $24M of savings in first year from revised pricing for outbound Asia traffic.• Oversaw negotiations of new business and renewals with 10 high-profile Technology customers, including Nokia, Hewlett-Packard, and Motorola.• Implemented new Activity-Based Costing methodology which yielded average savings of 3% of site costs. Show less Led finance function of division comprising businesses in North and South America with revenues of $800M. Managed AP, AR, GL, contract rating and expense management. Redesigned monthly processes to remove subjectivity and achieve accuracy during close.• Resolved accounting issues which were material to audited results of parent company. Completely addressed issues to satisfaction of external auditors in 9 months.• Implemented a common shared services platform using Oracle financials. Show less Managed all commercial and finance functions supporting global and continental European contract logistics business with presence in seven countries and revenues of $500M. Directed finance teams in five countries. Improved ongoing forecasting to identify impact of falls in volume and remedial action requirements. Business consistently achieved monthly targets from Q2 2002.• Generated $18M of cash flow from receivables and under-utilized property and vehicles.• Ensured profitability of $20M of new business using new financial appraisal methodology.• Saved 5% of operational costs by merging four finance functions arising from acquisitions and merger.• Improved profitability for Europe from $1M loss to $16M profit in less than 2 years. Show less

  • CFO, Global Freight Management & Technology

    Jan 2004 - Jan 2006

  • CFO Technology and GFM Americas

    Jan 2003 - Jan 2004

  • Global Finance and Commercial Director, Technology

    Jan 2001 - Jan 2003
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  Richmond Hill LLC

  Jan 2007 - Jan 2007

  Member

  Advised supply chain company with $700M in revenue on two Asian acquisitions with revenue of $350M.

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  TwoFour Holdings LLC

  Jan 2008 - Jan 2013

  CFO

  SaaS provider focused on financial services industry. Growth of 25% in last two years. Sold to Broadridge. Served as Board Director and reported to CEO. Assumed operational responsibilities after five months. Reengineered processes to support delivery of a managed service agreement (MSA) model vs. staff augmentation. Redesigned Board reporting and forecasting processes, introducing KPIs and strategic analysis. Introduced alternative pricing for software based on subscription pricing vs. license fees to address marketplace changes. Introduced accrual accounting and software revenue recognition into management accounts. Managed all statutory and tax reporting and compliance. Oversaw financial statement audits.• Increased credit line by 250% during a credit crunch and decreased cost by 25 basis points.• Decreased debtor days from 70 days to 30 days.• Negotiated Master Service Agreements with global investment banks covering 80% of revenue. Show less

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  Fidessa

  Jan 2014 - Jun 2019

  Head of Finance, Americas

  SaaS business model focused on financial services. Industry leader in equity trading platforms; expanding into derivatives and electronic trading. Annual revenue of $200M. Reported to global CFO and Americas CEO. Managed P&L for US, Canada, and Latin America (Brazil, Chile, Colombia, Mexico). Held accountability for equities, derivatives, and electronic execution product business plans and pricing. Produced strategic overview and operational delivery plans based on the achievement of key performance indicators (KPIs). Managed team of 20 responsible for financial reporting, revenue recognition, financial planning and analysis (FP&A), order entry, accounts payable/receivable (AP/AR), and payroll. Developed and mentored key performers with new roles and responsibilities. Also responsible globally for Financial Operations.• Redesigned financial pack for Americas, focusing on key enablers such as pipeline and margin.• Facilitated procurement initiative to optimize exchange data and communications sourcing.• Implemented a new distribution model for Brazil, saving customers 30% of invoice value.• Redesigned global back-office process, including procure-to-pay and order-to-cash.• Re-engineered Finance Team to reduce headcount by 20%. Show less

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  Adenza

  Jul 2019 - Dec 2023

  Group Finance Director

  Adenza delivers end-to-end trading, treasury, risk management and regulatory compliance solutions to the world’s leading financial institutions. Formed by a merger of AxiomSL and Calypso Technology after both were acquired by Thoma Bravo, the leading software and technology private equity firm.Manage global financial reporting and accounting for US, EMEA and APAC including Board and PE shareholder reporting. Responsible for team of 45 including Group Financial Control, Financial Operations, Billing, Collections and AP. • Led Transfer Pricing study using E&Y to optimize global operational structure.• Implemented ASC 606 bringing work in house from Deloittes.• Finished implementation of NetSuite and now leveraging across all of Adenza.• Redesigning global back office process hiring new Head of AR and AP.• Led due diligence team responding to 4 leading PE firms. Show less

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  Volante Technologies

  Jan 2024 - now

  Chief Financial Officer

  Volante Technologies is the leading global provider of cloud payments and financial messaging solutions to accelerate digital transformation.