Asset Management in Treasury
Structured investment decisions balancing risk, return, and liquidity
June 12, 2026 ONLINE
October 9, 2026 in Vienna
Basics
1 day
EUR 1.790,- plus VAT.
David Salcher
Senior Consultant
SLG Treasury
Content
Investing excess liquidity in a targeted and controlled manner is one of the core responsibilities of the treasury function—yet in practice, this is often implemented in a only partially structured manner. Vague definitions of objectives, a lack of clear guidelines, or a high proportion of ad hoc decisions result in risk and return potential not being fully realized.
This seminar demonstrates how to systematically establish an asset management framework within the treasury department—from defining clear investment objectives and identifying suitable instruments to developing a robust investment policy. It covers the entire process, including risk and return assessment, portfolio construction, performance measurement, and the consideration of relevant costs.
This provides participants with a clear framework for making investment decisions in a structured and transparent manner that aligns with the company’s requirements.
Main topics
Basics
- What are the tasks of the cash manager in the company?
- What are the minimum standards to be taken into account in the organizational structure & process organization?
- What are the differences in the accounting or treasury perspective? Which business management approaches do you need to understand?
- What are the requirements vis-à-vis banks?
- What are the current trends in cash management for large and small companies?
Understanding and Assessing Risk and Return
- Measurement of risk and probability of loss (including Value-at-Risk)
- The Impact of Correlations on the Portfolio
- The Relationship Between Risk and Return from the Perspective of Portfolio Theory
Investment Objectives and Portfolio Allocation in Treasury
- Deriving clear investment objectives from the treasury strategy
- Selecting appropriate tools based on the objective
- The Impact of Investment Horizon on Structure and Decision-Making Logic
Developing practical investment guidelines
- Structure and Content of a Comprehensive Investment Policy
- Definition of risks, limits, and eligible instruments
- Processes and Responsibilities in the Investment Process
- The Use and Significance of Benchmarks
Keeping an eye on performance metrics and costs
- Calculation and Interpretation of Capital- and Time-Weighted Returns
- Use of key performance indicators
- Transparency Regarding Cost Structures in Asset Management
Group of participants
Employees and managers in treasury and related departments who are responsible for investing excess liquidity or who prepare and oversee investment decisions.
Also suitable for corporate client managers at banks who wish to develop a better understanding of the requirements and decision-making processes in corporate treasury.
Targets
After the seminar, participants will be able to:
- Systematically evaluate and classify the risks and returns of investments
- Clearly define investment objectives and identify appropriate instruments
- Develop and refine a practical investment policy
- measure and interpret the performance of investments in a transparent manner
- Assess asset management costs transparently and factor them into decision-making
Do you have any questions?
Marc Baumgärtner
Seminar organization
Treasury Training
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