Summary
Until the financial crisis of 2008, for many banks it was a long-held assumption that they could fund at LIBOR-flat along the term structure. The 2008 experience showed how the generally stable LIBOR-OIS spread blew out, which demonstrated the significance of liquidity costs and thus led to a major revision of Funds Transfer Pricing (FTP) practices from both an internal and external (regulatory) perspective.
In an environment of changing interest rates and tightening lending margins, understanding where and how costs are incurred inside a bank has become critical. FTP is a framework that allocates the cost of funding and liquidity across business units, ensuring that product pricing and profitability reflect actual resource use. It’s not just an internal accounting tool — it’s key to navigating today’s economic pressures.
The presenters will cover recent developments in FTP and present approaches used in their banks.
Presenters
- Philipp Ackermann, Interim Head of Corporate Clients, Treasury & Markets and interim Member of the Executive Board of Raiffeisen Switzerland
Philipp Ackermann has practical and management experience at UBS in Trading Money and Capital Market products.
He then joined Clariden Bank, a Swiss private bank, as Head of Treasury and Trading and as a member of the enlarged Management Committee.
This was followed by a role as Global Treasurer and Head of Trading & Sales for Coutts & Co, UK. In 2015, he joined Raiffeisen Switzerland in Zurich as Head of Treasury and responsible Treasurer for the Raiffeisen Group. As of October this year, Philipp manages the Corporate Clients, Treasury & Markets department of Raiffeisen Switzerland on an interim basis.
He holds a Swiss Mercantile School diploma and has completed studies in Banking & Management at AKAD, Zurich. - Daniel Triet, Head of Treasury and Fixed Income Solutions at Vontobel
Daniel has joined Vontobel in 2021 as Head of Treasury. Since 2024, he has served as Head of Treasury and Fixed Income solutions and is a Member of the Asset and Liability Committee (ALCO). In this role, he oversees Treasury, SLB trading, collateral management, bond portfolio investments, fixed income structured products, and bond trading and sales. Prior to Vontobel, Daniel spent 13 years at Credit Suisse, where he held various roles within Treasury across Zurich, London, and New York. Daniel brings deep expertise in balance sheet risk management, resource allocation, fixed income markets, and technology. He holds a Master of Arts in Economics from the University of Zurich, with a specialization in Financial Macroeconomics.
The event will be moderated by Peter Vollenweider, Liquidity Risk Chapter Advisor and Partner of Finyon.
Agenda
17:45 Arrival & Name Tag Collection
18:10 Welcome and Introduction (Peter Vollenweider)
18:15 Presentations (Philipp Ackermann and Daniel Triet)
18:45 Panel with all the speakers and Q&A (All)
19:25 Conclusion
19:30 Networking Drinks
20:30 End
Chapter Event
This event is hosted by Liquidity Risk Chapter.
This chapter explores the participants’ understanding of liquidity risk, their experiences with liquidity Risk Appetite setting, liquidity risk management modeling and framework, Asset/Liability management as well as related impact on regulations and crisis management post recent 2023 crisis.
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Funds Transfer Pricing (FTP) – Challenges and Opportunities
30. October 2025
18:00 - 20:30