From Credit Control to Treasury Leadership: Building Skills the Non-Traditional Way

Sep 23, 2025

In this discussion, Tom Fuller, Financial Controller & Head of Treasury at Form3, shares his unique journey from credit control to treasury leadership, shaped by experiences in regulated utilities and high-growth fintech. He emphasizes the importance of learning on the job and adapting real-time treasury systems like SWIFT for cash management. Tom also delves into the pressures of managing $3bn in M&A financing, implementing Kyriba for forecasts, and balancing liquidity in a fast-paced environment. Plus, he offers valuable career advice for aspiring treasury professionals.

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INSIGHT

M&A Demands Fast, Precise Treasury Execution

Large M&A and financing activity forces tight execution windows across banks, lawyers and markets.
Hedging interest rate risk and establishing cashflow hedges are critical to stabilise pro forma interest costs post-acquisition.

ANECDOTE

What Form3 Actually Does

Form3 provides cloud-native payments infrastructure that connects payment rails and reconciles settlement messages without holding client funds.
The platform accelerates payments and interfaces with central infrastructures like the Bank of England for settlement.

ADVICE

Actively Manage Idle Cash

Prioritise active cash management and investment of surplus funds rather than leaving cash idle in bank accounts.
Ensure bank account structures, interest rates and intraday interventions match working capital and growth needs.

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What does it take to move from credit control into leading treasury for fast-growth, acquisitive businesses?

In this episode, I chat to Tom Fuller, Financial Controller & Head of Treasury at Form3. We explore how non-traditional career paths can build the skills and resilience needed to thrive at the top of treasury.

Tom Fuller, an experienced treasury professional joins the podcast to share how he transitioned from credit control into treasury, building his career across regulated utilities, high-growth fintech, and acquisitive corporates.

In the episode Tom reflects on the lessons learned from managing billions in M&A, implementing real-time systems, and scaling treasury functions under pressure.

What We Cover in This Episode:

Early career journey: moving from credit control into treasury and finance.
The importance of seizing opportunities and learning treasury “on the job.”
Building treasury infrastructure in fast-growing, acquisitive businesses.
Handling $3bn M&A financing and $2.2bn hedging transactions.
Implementing cashflow forecasting, payment platforms, and SWIFT connectivity.
The role of treasury systems: Kyriba, MT940/942 messaging, and reconciliation.
Real-time payments: CHAPS, Faster Payments, and new connectivity models.
Scaling treasury in fintech: balancing liquidity, debt, investors, and growth.
Time management, qualifications, and practical career advice for treasury professionals.

You can connect with Tom Fuller on LinkedIn.

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