
Treasury Today is proud to present the Adam Smith Awards for Best Practice and Innovation 2009.
The aim of the Awards is to recognise outstannding achievement in solutions that have been implemented, or are in the course of being implemeneted, within the corporate treasury environment.
There are 12 Awards in 2009, plus the Treasury Today's Top Treasury Team - awarded for overall excellence.
"“Innovative solutions have had to be found to problems and best practice is what these Awards recognise. We had over 220 outstanding entries this year which made the task of judging all the more difficult. The winners are to be congratulated.”
Richard Parkinson
Managing Director, Treasury Today
THE 2009 WINNERS:
The Award winners for the Treasury Today Adam Smith Awards for Best Practice and Innovation 2009 were presented at the Four Seasons Hotel, Canary Wharf on 18 June 2009, with the winners as follows:
BANK RELATIONSHIP MANAGEMENT
Winner: Honeywell International Inc., Jim Colby
Highly Commended: Microsoft Corporation, Nancy Wells
GLOBAL LIQUIDITY MANAGEMENT
Winner: Google, Ronni Horrillo | in partnership with .jpg)
Highly Commended: Pfizer, Gavin O’Donoghue | in partnership with 
WORKING CAPITAL MANAGEMENT/FINANCIAL SUPPLY CHAIN
Winner: Mercedes Benz Türk AS, Erhan Karakas | in partnership with .jpg)
Highly Commended: Controladora mabe, Roman Bieletto | in partnership with 
PAYABLES AND/OR RECEIVABLES SOLUTIONS
Winner: Alleanza Assicurazioni, Amadio Lazzarini | in partnership with 
Highly Commended: DKV Globality SA, Thomas Merten | in partnership with 
Highly Commended: Randstad Pty Ltd, Erin O’Brien | in partnership with
OUTSTANDING INSOURCING/OUTSOURCING
Winner: The Access Bank UK Ltd, Jamie Simmonds | in partnership with 
BEST CORPORATE DEBT SOLUTION
Winner: Wolseley plc, Mike Verrier | in partnership with 
Highly Commended: Logica plc, Tim Allison
Highly Commended: Toyota Motor Credit Corporation, Stephen Howard | in partnership with 
EFFECTIVE RISK MANAGEMENT
Winner: Microsoft Corporation
Highly Commended: GE Oil & Gas, Giacomo Baldi, Giacomo Borgogni and Andrea Ciabattini
MID-MARKET TREASURY
Winner: Esprit Europe GmbH, Ursula Dumsch | in partnership with

Highly Commended: Noble Group Limited, Wildrik de Blank | in partnership with 
HARNESSING THE POWER OF TECHNOLOGY
Winner: Amgen, Marco Schuchmann | in partnership with 
Highly Commended: Ramirent Oyj, Petteri Järvinen | in partnership with

BEST SEPA SOLUTION
Winner: Adolf Würth GmbH & Co. KG, Claus Wild | in partnership with .jpg)
Highly Commended: Vaisala Oyj, Anna-Maija Laakkonen | in partnership with 
TREASURY TODAY IN CHINA
Winner: Procter & Gamble (China) Ltd, Gokul Chandar | in partnership with 
Highly Commended: Honeywell (China) Co. Ltd, Linlin Wu and Pui Yee Lee | in partnership with 
Highly Commended: Atlas Copco (China) Investment Co. Ltd, Audrey Deng | in partnership with 
'ONE TO WATCH'
Winner: OANDA, Michael Stumm | in partnership with 
Highly Commended: VocaLink, Martin Wilson
TREASURY TODAY'S TOP TREASURY TEAM - AN AWARD FOR OVERALL EXCELLENCE
Winner: Honeywell International Inc., John J. Tus
Highly Commended: Alcatel Lucent, Xavier Hourseau
ADAM SMITH AWARDS 2009 PHOTO GALLERY:

Pictured above: The collective winners of the Adam Smith Awards 2009.
To view the entire gallery of photographs from the Awards lunch, please click here.
Full details of the 2009 Adam Smith Awards, along with case studies from each of the winners, will be featured in this special supplement available with the July/August issue of treasurytoday, mailing 29 July 2009.
Individual case studies will also be made available as pdf downloads.
To advertise in the supplement, please contact Angela Berry
For full results and photographs of the 2008 Adam Smith Awards, click here.