Karen Kong

Corporate Treasurer @Broadcom

Expanded Broadcom Treasury from a team of 6 in US to 11 in US, Brazil, and China; successfuly onboard four Treasury Analysts and promoted three Treasury managers to Senior Treasury Managers in three years - Led a $6B Exchange offer in 2021, resulting in significant debt maturity extension and interest savings - Partnered with former VP, Corporate Finance in restructuring the $45B debt portfolio from 20••••21 - Led the launch of $2B AVGO CP program in 2019 - Led the foreign cash repatriation project, enabling multi-billion annual cash dividend transfers from overseas to US - Led the tremendous growth of multi-bank AR Financing facilities from less than $100M in FY19 to >$1B in FY21 - Created Consolidated Direct Cash flow reporting models which supported FCF forecast recon and analysis - Reduced Treasury non-personnel budget (mainly bank charges) by >30% from FY19 to FY21 - Revamped Avago and CA IHB and multi-currency cash pools in US, UK and Singapore, generating >$300K annual interest savings and additional operational efficiency - Developed bank fee tracking and recon models, increasing chances to identify and realize savings - Created an FIS Cash Dashboard, enabling near real-time visibility into the >$10B worldwide cash portfolio by type, currency, and country simply with a click - Led the transformation of Treasury Operations by implementing FIS SunGard TMS used for consolidated WW Bank reporting, Treasury Cash recon and journals, Wire payments, MM investments, IHB tracking and IC settlements, IC interest accrual and capitalization, FX trading, tracking and settlement, and MTM journals - Revamped FX analysis and resumed FX cash flow hedging processes by the end of FY20 - Revamped BG processes including re-writing procedures, adding new banks to allow for competitive bidding and cost reductions, and implementations of recon processes and online portals - Merged legacy staff into Broadcom Treasury with the assistance of former CA VP, Assistant Treasurer