Jean-Marie Cazelles

Sector: Asset Management

Invesco Continental Europe is the European division of the Amvescap Group which is one of the largest independent global investment managers with $ 2 billion in revenues and $ 400 billion of assets under management.

Responsibilities include :

- Represent Amvescap as a Partner to the company and a member of the European Executive Board

- Organize the Management Accounting function from defining the instruments to follow up the business up
to coordinating and leading the budget process:
* Recruit, assess and train the Finance team in line with the functional strategic plan for the region
* Harmonize the reporting process and tools (writing and distribution of an operational glossary of definitions)
* Plan and consolidate the regional reportings (monthly, quarterly and yearly results, quarterly forecasts and yearly budgets, ad-hoc profitability analysis) through the management of 25 staff spread all around Continental Europe

- Manage the legal entities for the region (€100m turnover, €10m net income, 250 staff, $20bn of assets under management):
* Produce and report the regional financial statements for the auditors and regulators (AMF, SEC)
* Prepare and implement the compliance with the Sarbanes Oxley and IFRS regulations
* Administer as a director the legal entities in France and Belgium including the creation from scratch of a European service centre in Belgium (€10m turnover, 30 staff)
* Manage and optimize the financial and tax flows for the region: improvement of the group net treasury, update of the group transfer pricing policy

- Define and implement the decision-making instruments for the Amvescap group Finance function and the General Management of the Continental Europe region:
* Initiate and set up a Balanced Score Card for Europe
* Analyze, implement and follow up a European cost-cutting programme (-30% or €15m reduction over 18 months)
* Contribute to the strategic evolution of the Finance function in the group: implementation of Oracle Financials on eight sites in Continental Europe and set up of a shared-service centre in Ireland for the accounts payable and treasury function for all Europe

Sector: Asset Management

Saur International is the leading specialist in the international private management of public utilities with € 5 billion turnover. It is part of the French first world-wide building group, Bouygues (Turnover of € 20 billion).

Responsibilities include :

- Follow the inner management of the group branches, propose and implement any correction measures

- Manage the entire budget process (turnover of € 40 M) with permanent revaluation through internal audit
and forecast roll-over

- Participate in the commercial, financial, technical and legal development of the Vietnam, Reunion, Mayotte
and New Guinea branches and in the set up of a new branch in Senegal (turnover : € 50 million)

- Connect and advise the group branches with the international fund-raising institutions as well as the other
group shareholders


Key Achievements:

- Participated in the successful completion of a public bid for a Senegalese public company and development
projects:
* development of a financial model sustaining the valuation for a Senegalese public company on a fifteen-year period

- Proposed and implemented new management tools to follow up better the branch activities:
* improvement of reporting formats adding more value to the business

- Respected successfully all the allocated budgets and reduced significantly the operating costs

Sector: Water - Electricity - Gas

Saur UK is the head office in charge of the British activities for Saur International : water distribution, public utilities management, works. The ten branches are producing a turnover of € 300m.


Achievements:

- Managed and modernised the group net treasury (€ 200m) through the implementation of new financial formats and group procedures

- Made important decisions for the group with the different financial operators, in order to enhance and strengthen the group financial structure

- Analysed, underlined the strategic trends of the water activity sector, participated in development projects such as public bids

- Set up and implemented financial and technical ratios, bringing into relief the state of competitiveness of the different activities of the group, and subsequently used as tools for internal audit

- Consolidated the financial results of the groups 10 branches and improved the management schedules transmitted to the head office in Paris

Sector: Water - Electricity - Gas

South East Water Ltd is one of Saur UK branch, responsible for the water distribution in South East England (Turnover of € 90 M).

Achievements:

- Improved the accuracy of the cash flow forecasts by analysing and structuring the operating inflows and outflows

- Performed an internal audit within the company, in order to better appreciate the operating activity of the company and set up financial procedures further to this analysis

Sector: Water - Electricity - Gas