Ms. Beáta JUVANCZ
Candidate for Board-Member-at-large
MORGAN STANLEY HUNGARY ANALYTICS Jan 02, 2007 - Present
MD, CFO - Member of the MSHA Board Budapest, Hungary
• Managing a number of management reporting and financial accounting functions of various Morgan Stanley business units with combined staff of 350+
• Spearheading change initiatives; propose and implement process improvement to cut production time and resource requirements, mitigate risk. Significant savings achieved thru global standardization and consistency initiatives. Moved functions in and out of Budapest
• Develop optimal organizational structure and next generation managers
• Key contributor to the set up of the Budapest office; recruiting and policy formulation, headcount planning and compensation decisions
• Responsible for the local legal entity’s finances
• Representing the Budapest office at industry functions, speaker at various industry events
CENTRAL BANK OF HUNGARY / MAGYAR NEMZETI BANK 2004 - 2006
Head of Department – Management Accounting and Financial Reporting Budapest, Hungary
• Supervised two units with a combined staff of 11
• Responsible for budgeting, planning and reporting and the relevant internal regulations
• Led pre-project to optimize the bank’s use of SAP by introducing new modules, functions and/or reorganizing the planning/purchasing/inventory processes
THE BOSTON CONSULTING GROUP 1997 - 2004
Project Leader Budapest, Hungary
• Led project teams of up to 15 BCG and/or client personnel in CEE region Summer 1996
• Prepared strategic plans and financial forecast for various companies, universities Tokyo, Japan
Performed rigorous cost and revenue projections and analysis
• Researched and evaluated growth options
Partnership options, new product and/or channel introduction for financial institutions
• Assisted in the post merger integration of 2 large banks in Poland
ARTHUR ANDERSEN & CO. 1992 - 1995
Audit Senior Budapest, Hungary
• In charge of the audit of the office’s largest client, Hungary’s leading commercial bank
• Completed various special projects such as loan reviews and translating financial statements into US GAAP, IAS in addition to the regular audit of retail, chemical and financial services clients
INTERNATIONAL BUSINESS SCHOOL Spring 2003
Guest Lecturer – Business Policy and Strategy Budapest, Hungary
THE WHARTON SCHOOL and THE SCHOOL OF ARTS & SCIENCES May 1995 - May 1997
UNIVERSITY OF PENNSYLVANIA Philadelphia, USA
MBA in Finance and MA in International Studies, focus on East Asia and Japan
TEMPLE UNIVERSITY January 1992
BA in Political Science and Economics Philadelphia, USA
Professional Qualification: ACCA
Languages: native Hungarian, fluent English, intermediate Japanese, basic German
Why do you think membership in the American Chamber of Commerce is important for businesses operating in Hungary?
AmCham Hungary is the largest of the Chambers of Commerce in Hungary, one of the largest American Chambers of Commerce in the region and represents local business interests in addition to American and international interests in Hungary. As a result AmCham is a prominent platform for all entities that operate in Hungary. By virtue of its non-governmental and non-political standing and extensive membership AmCham is ideally positioned to create an environment in which people find it desirable to devote considerable effort to the task at hand, to exercise initiative, and to cooperate constructively with their counterparts from other member firms.
AmCham’s mission is to provide members with an opportunity to actively and directly participate in defining, developing, discussing and resolving issues of common interest impacting the operations of their respective businesses and organizations. Active member participation and cooperation with Policy Task Forces and Committees promotes AmCham’s efforts to create a space for a thriving and dynamic business scene in Hungary.
In our fast paced business environments AmCham provides the most effective channel for advocacy. It is a highly respected voice to the business communities it represents; ensuring the entire membership’s priorities and concerns are heard in the corridors of power. AmCham’s new strategy guarantees staying topical; it uses a Policy Agenda as a guideline for its Advocacy efforts each year.
Through its broad based membership and the large number of events it organizes AmCham provides powerful networking and the opportunity to get and stay connected to people and issues. The network exists to support and link companies, bringing together firms to build new relationships, share best practice, foster new opportunities and provide practical support to help member businesses trade locally, nationally and globally.
What motivates you to be an AmCham Board Member/Supervisory Board Member?
At Morgan Stanley Hungary Analytics we have been closely involved with AmCham since we set up our operations in 2006. Some of the highlights include being instrumental in starting the Women of Excellence Award, creating the Facilities Management Committee Chair, and Sponsoring the Competitive Education conference for the third time this year.
Morgan Stanley has contributed Board members and a First Vice President in the past, which provided me with first-hand experience to the benefits of membership. This solidified my conviction that being a Board Member of AmCham would allow me to contribute to the efforts to improve the business environment in Hungary beyond the individual and company level.
I believe it’s our relationships with others that lead us to achieve goals beyond those we could ever achieve alone. While I have been active in supporting various education programs and STEM initiatives for a number of years, witnessing my 17 year old being challenged by a basic computer assignment strengthened my resolve to scale my efforts. Working with AmCham would greatly enhance my ability to influence the issues that matter most to the business community, and to frame objectives and goals.
Why do you feel you are qualified? What skills do you bring to the position of Board Member/Supervisory Board?
I have been working in the Hungarian market for over 20 years. As a business person I find understanding the business and regulatory environment key and I feel that influencing that environment for the advancement of the economy is critical for success.
Throughout my career I cherished opportunities to get involved beyond my immediate responsibilities. Two topics I feel most passionate about are education and equal opportunity for women. Education needs to prepare us for the future – this is also an important component of advancing our economy - and be available to all regardless of socio-economic background.
Equal opportunity for women is important both in education and the workplace. In both of these areas I have worked with various organizations and charities (e.g. Romaster, SMARTIZ, Egyenlítő) over the years. I am looking to find ways to leverage these experiences thru the scale and professionalism of AmCham.
How have you been active in AmCham over the course of the last two years?
I have attended a number of AmCham organized events, including the Business Meets Government Summit and the Ambassador sessions and some of the festive occasions as well. More recently I have attended some of the Leadership Masterclasses. Additionally, I volunteered as Language Ambassador and have signed up with the Career Orientation Program.