Introducing Ron Wells ……….

Ron is the author of an exciting book titled Global Credit Management - an Executive Summary.  In this work Ron presents an overview of the powerful contribution that holistic credit management can make to any business enterprise in the 21st century.  This highly readable book explains the current situation and new developments underway in this key area of management.  Also provided are detailed 'how to' guides for professional credit managers.

Prior to joining an integrated oil company (Chevron Corporation) in 1991, Ron Wells worked for various companies and commercial banks becoming a specialist in financial analysis, corporate credit management, trade operations management and trade finance-related marketing.  Working as a London-based Credit Manager in Chevron's Supply and Trading division for 16 years, Ron acquired experience dealing with transactions that spanned the globe and counterparties that operated worldwide, many in emerging markets.  In October 2007, Ron joined a globally active energy trading company to support Gas, Power (Electricity), Coal, Oil, Metals, Plastics, Freight Forward Agreements, Iron Ore Swaps and Emissions Credits physical and derivatives trading activities.

Ron is a Certified Credit Executive (CCE), a Chartered Management Accountant (ACMA), a qualified International Banker (ACIB) and a Chartered Corporate Secretary (FCIS). He participated in the NACM Graduate School for Credit and Financial Management (GSCFM) in 1995/96, passed with distinction and was elected Best Student.

The National Association of Credit Management (NACM) is the premier association for professional Credit Managers; it is based in Maryland, U.S.A.

The NACM Graduate School is conducted on the campus of Dartmouth College (Amos Tuck Business School) in New Hampshire. It consists of preparatory reading followed by two two-week semesters in following years, plus an inter-semester team-based project.

The Certified Credit Executive (CCE) qualification is the most senior professional qualification accredited by NACM. It is a post graduate qualification attained by passing a written examination, which may only be attempted by those who have relevant work experience and academic qualifications. In order to retain the CCE qualification all holders must obtain a certain number of Continuing Education Units (points) during each successive three-year period. 

Ron has travelled widely in Russia, the former Soviet Union, Europe, China and Africa, as well as North America, meeting bankers and customers. He has studied Russian and French, is learning Mandarin Chinese, and has learnt a little of several other languages.

His experience with the integrated oil and the energy trading companies covers all credit aspects of international cargo transactions (crude, liquefied petroleum gas and refined petroleum products), natural gas trading, liquefied natural gas trading, power trading, emissions credits trading, lubricant marketing transactions (marine and inland) and technology marketing transactions.  

Ron’s in-depth understanding of structured and unstructured trade finance techniques, of banking law, regulation and practice, of commerce and business generally and his extensive network of professional relationships, have resulted in the completion of several unique and highly prized solutions to risk management and financing challenges. 

Ron has had several articles published in professional magazines. His paper on "The Use of Payment Undertakings and Risk Sharing Agreements as an Alternative to Letters of Credit" (published by Business Credit®) was particularly well received.

He has also spoken at various professional seminars including the Annual National Congress of the NACM held in New Orleans in 1998, at which Ron addressed the subject Credit and Market Conditions in Eastern Europe.

Ron is an active member of FCIB (the Association of Executives in Finance, Credit & International Business) in Europe. He has been a Moderator, a Panel Member and a Speaker at FCIB Conferences and Workshops on several occasions. He presented his papers on Practical Country Risk and Bank Risk Management at a workshop in Vienna, moderated a lively discussion on "The Role of the International Credit Manager in the 21st Century in Rome, and presented his Generic International Trade Credit ScoreCard for discussion in New York. Ron's presentation in New York was extensively reported by the Institute of Management & Administration (IOMA) in its "Managing Credit, Receivables & Collections" magazine, in January 2001 (Issue: 01-01).

In June 2001, Ron presented his ideas regarding the future of international credit management to the annual conference of the International Energy Credit Association (IECA) in Dublin, Ireland. His related paper There is a better way to manage your Credit Department, it just hasn't quite been invented yet ... was subsequently published in the IECA Spring 2002 Journal. 

The same paper was also published by Cornhill Publications in association with PricewaterhouseCoopers, in Corporate Advantage Europe 2002 - Organic growth strategies for a brighter future, under the title "Vision, passion and persistence - Commercial credit managers should set aside time to think about what would make their jobs more meaningful, and start inventing the future".

In March 2004 Ron led the Forensic Cash Flow Analysis and Strategy modules of the highly acclaimed Power of Credit course that provided inter-active lectures and hands-on syndicate projects, enabling participants to acquire practical skills and key knowledge from leading practitioners.  

In May 2006 Ron led the two and a half day Power of Credit 2006 workshop covering Strategy (predicting corporate failure by developing  scenarios; also known as 'stories of the future'), Accounts Receivable Portfolio Management, and Forensic Cash Flow Analysis™.

The Power of Credit workshops are recommended by FCIB and organised by Infospectrum Limited in association with BarrettWells Credit Research.  Click on this link (http://www.barrettwells.com/pofc2006.html) for more information.

Ron is a member of the European Advisory Council of the association of Finance, Credit and International Business (FCIB).

Ron presented a paper on the subject Credit Management in 2015 at a prestigious Conference held at the Kurhaus Hotel, Scheveningen (near Rotterdam and The Hague) in The Netherlands, on May 24, 2005.  Three hundred credit management professionals and business executives attended.  Follow this link to view the PowerPoint used during the presentation and a written report published by the organisers.

In September 2007, Ron presented a bilingual (English and Chinese) paper titled Country Risk Management together with Ms Ming LI, at the 4th China International Credit and Risk Management Conference in Shenzhen, People's Republic of China.

In March 2008, Ron delivered the Keynote Speech at the Annual Credit Management Conference in Noordwijkerhout, The Netherlands; titled Credit Management 2.0

In October 2008, Ron presented a paper on China: A Review of Developments in Credit Management to the International Stream of the annual CCR-i Credit Risk Conference

In August 2009 Credit Collections & Risk Magazine published Ron's article Read Taleb’s Black Swan*?....twice?…..so now what?  In this article Ron discusses what Nassim N Taleb's Black Swan concept may mean for someone in the business of Credit (Performance and Payment) Risk Management.  Click the link and read the article to uncover one possible answer.  Click here for the Chinese version of the article.  Order the book here
* The Black Swan – The Impact of the Highly Improbable, Nassim Nicholas Taleb 2007, Penguin Books