Mike Richards discusses why treasury matters in finance with Arturo and Fidel Aguayo. He covers the small size of treasury teams, how the profession is gaining recognition, and a podcast that's helping promote the field to new people.
I don't understand why the staffing levels in treasury are always small. I can answer it. So there are three points and I've had this before as well. Number one, you're a niche because that's why this is niche podcast or niche as you might call it. Correct. Because it's a small niche. It's not as recognized but it is becoming more recognized so that recognition is growing and actually that's one of the reasons why this podcast is popular despite my good looks and everything else we know this airbrush can do. But actually taking forward the word of treasury going out there doing the conferences, doing this, that's why the podcast has grown in its popularity. And it's not just me going oh, look at this and everything else. 20 years ago we faced this situation where treasurers were hey, look at us, we're the specialists and they were getting an enhanced premium rate of their salary which was higher.