Daniel Haefeli Email & Phone Number

Settat, Casablanca-Settat, Morocco

Casablanca, Morocco

Casablanca

Zürich Area, Switzerland

Temporary assignment for current IAIS and FSB consultations on systemic risk issues in insurance.

Rafz, Switzerland

I consulted client in areas of company restructuring, financing solution.

Zürich Area, Switzerland

CFO of a start-up with the aim to develop the insurance business in emerging markets with focus of Africa and some selected asian countries. Next to my strong technical insurance/finance know-how I could well use my intercultural expertise and my strong language skills.After a short time the investor decided to change strategy and closed down the start-up in Zurich.

Geneva

Heading the Insurance and Finance Program of The Geneva Association, the leading international Think Tank of the insurance sector.Comprehensive coverage of relevant Finance topics within the insurance sector such as Systemic Risk, Solvency II, IFRS development

Head Financial Accounting and ReportingTasks:The company employs roughly 60'000 employeesManaging 28 employees through 6 direct reportsResponsible for Financial Accounting of all Swiss Business Units using SAP FI/COImplementation of monthly hard closes for Zurich SwitzerlandResponsible for meeting the ICP as per Group requirements for Zurich SwitzerlandProviding the quarterly closes for the Swiss profit centres to the consolidation team as per 12th working day of the following month.Reducing Intercompany-Differences with other units.Local reporting to the regulator (BPV) for the Swiss profit centresAdminister all indirect taxes such as premium tax, VAT, withholding tax etc.SuccessSuccessful implementation of monthly hard closes for Zurich SwitzerlandReason for change

Managing 220 employees through 12 direct-reports where off 8 abroad.Providing the consolidated quarterly IFRS accounts to board, supervisory board and shareholdersProviding all local statutory reports in more than 40 countriesImplementation of IFRS worldwideCreation of one Finance Department worldwide after the merger with NCM and GerlingPrepare the Finance Department for a possible IPOResponsible for a yearly budget of roughly 24 mio EUROHeading several finance projects (Transfer-price, Cost Accounting)Member of several strategic committees such as the Investment Committee, the Re-insurance Committee or the Risk Committee. Successes:When I started in Atradius, the company needed more than 6 month to close the year 2003. The Finance Department was basically inexistent. Main reason was the very confusing situation after the NCM/Gerling merger. After the impression with the first quarterly close which I immediately introduced I had to change more than half of local Finance Managers. Within 3 years we managed to close the group accounts within 5 weeks on a quarterly basis following the IFRS standard.I headed several Finance projects where we introduced a worldwide harmonised chart of accounts within our basic tool Oracle Finance and where we implemented a new consolidation tool (Hyperion). Further we introduced a consistent and professional Cost Accounting and Transfer-Pricing tool.I organised regular Finance workshops in order to improve the education and to guarantee an efficient experience transfer between all the countries. During 2007 I was responsible for the financial preparation and processing of the purchase of CyC, the biggest Spanish credit insurer and no. 4 worldwide. My Spanish knowledge was extremely helpful to complete this transaction which was successfully finalised in January 2008.The Finance Department was IPO ready by the end of 2007 mainly due to the successful realisation of above mentioned projects.

Head of Winterthur Financial Accounting CH & Consolidation ofTasksManaging of 90 employees through 5 direct reportsProviding all closes for the Swiss units as per statutory and US-GAAP standard for the quarterly consolidation of Winterthur GroupProviding consolidated quarterly closes for Winterthur Group as per US-GAAP including the creation of the yearly annual reportDelivery of the WGR quarterly closes to CS consolidation as per US-GAAP (purchase GAAP)Managing the Re-insurance sub-system including transfer to the Swiss General LedgerResponsible for implementation SOX guidelines within my unitsPermanent updating the US-GAAP changes within the WGR Accounting PoliciesRegular visits of US-GAAP education seminarsContact person for the auditors of my unitsSuccessPromotion to PresidentSuccessful implementation of all requirements steaming from the US-GAAP projectConstant reduction of the processing time of all different closesI successfully managed a restatement of the WGR book due to a significant calculation error within our German unit. It was an extremely helpful experience to work together with high-level staff of the SEC, Audit firm and local regulator. It was particularly difficult to satisfy the SEC after the ENRON case.Processing of very complex sales-transactions of important foreigner units. This was necessary due to the financial crisis in 2001. In this period Winterthur sold its units in Australia, Italy, France, and EnglandI was able to establish during all this year a very good relationship with our auditors which based on trust and professionalism. Reason for changeAfter many years within Winterthur Insurance I felt the need to change air and to see something new. The fact that after the merger with CS the situation around Winterthur became more and more in-transparent helped my decision. Further I unfortunately realized that the Winterthur culture has been completely overruled by the banking culture.

- Consolidation of 150 entities- Leading the worldwide US-Gaap implementation project- implementation of quarterly closes- Fast close- Head Investment Administration

Head of the US-GAAP implementation project Background:Winterthur-Group employed 30'000 employees with a total turnover of 35 Bn CHF. During 1997 the Board decided to move to the US-GAAP as the new accounting standard. Main reason for that decision was to align the internal and external reporting, to provide shareholders with a better and internationally accepted accounting standard. After the merger with CS, CS itself decided to follow the Winterthur decision. CS main focus however was to obtain the listing at NY Stock Exchange. I have been named as head of this project for Winterthur worldwide.Tasks:Managing up to 20 employees and up to 30 external consultantsManaging all local Project Managers of all subsidiaries and branchesRegular update presentations to board and supervisory board of WGR and CS on the projectDefining the Accounting Policies on all relevant BS and PL positions on behalf the CFO of WGR/CSEducation of all employees of CFO area inclusive related areas such as actuaries, taxes, investments, re-insuranceEducation of the different board members on both, Group and local level. Further education of CS board on insurance related items.Implementation of a new consolidation software (FRANGO) for Winterthur GroupManaging Investment sub-team on CS level in order to align all investment relevant questions and issue for both, the banking and the insurance businessRegular visits of all country unitsCo-operation on setting up the SEC forms (10k, 20f) for CS GroupImplementation of quarterly closes for Winterthur Group including shortening significantly the closing deadlines (fast close)Responsible for a yearly budget of 40 mio CHF

TasksManaging 15 employeesProcessing of all Security-Transactions of a 50 - 60 bn portfolioContact-Person for all Custodians incl. negotiations of term & conditionsYear-end close of the security sub-systems on behalf of the General LedgerCreation of internal MIS reporting on behalf of Head of InvestmentsReporting to regulator (BPV) on all investment related itemsSuccessPromotion to Vice-PresidentSet-up of a new MIS for InvestmentsI started the Securities Lending program which provided after a short time a high one-digit million CHF turnoverTransition of the custodian accounts from UBS to CS due to the Co-operation agreement with CSReason for internal move

TasksManaging 9 employeesManaging and reconciling all GL AccountsMaintaining of all interfaces from the provider toolsProcessing year end closings as per statutory GAAP and Swiss GAAP (FER)Providing KPI for internal performance managementReporting to the regulator (BPV)Contact-person for the Auditor for all matters related to my entitiesSuccessPromotion to ProkuristAutomated the MIS reporting

Master’S Degree, Accounting And Finance, Economy

Activities and Societies: Coach of a junior football team, referee football

Accounting And Finance, Economy

6 years primary school 3 years secondary school