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Our Team

Profile

Samantha Bett

Director

I am based in Glasgow and work with JCRA’s clients in Scotland and northern England across our specialist sector teams, primarily real estate, private equity and corporates. I have particular expertise in foreign exchange and interest rate risk management having worked in financial markets since the mid-1990s.

T: +44 (0)207 493 3310

Email Sam

Expertise

  • Cash Management
  • Commodity Hedging
  • Corporates
  • Deal Contingent Hedging
  • Debt Advisory
  • Dispute Resolution
  • FX Hedging
  • Inflation Hedging
  • Interest Rate Hedging

Qualifications

  • BA (Hons) Finance, First Class, Strathclyde University

About Sam

I joined JCRA in 2011 and thoroughly enjoy working in an advisory capacity after a varied career in treasury roles in banks in London, Singapore and Glasgow.

My role requires me to have a deep understanding of our clients’ requirements across a wide range of sectors and engagements, ensuring that I always keep my sector knowledge and treasury risk management expertise up to date. I also act as an independent expert witness for borrowers in litigation actions in relation to derivative sales by banks and brokers. 

I started out by joining the graduate programme of Bank of America and had a baptism of fire in emerging markets FX trading during the 1997 Asian currency crisis and the Russian devaluation and default the following year. I joined West LB in Singapore to set up the NDF trading function, before moving back to the UK and into treasury sales roles across FX and interest rates for the corporate client base at Clydesdale Bank and HBOS.  I have two extremely active sons, Murray and Gregor, and weekends are spent on tennis courts, rugby and football pitches, golf courses and pistes. Our family holidays are very important and my husband and boys share my love of travel. 

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Published work

FX volatility – don’t fall for the free lunches

In a previous article, we discussed the concept of “free lunches” - in that no such thing exists, particularly not in foreign exchange markets where the seller needs to make a return in exchange for taking on risk.

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Ring-fencing: the unintended consequences…continued

This article concerns embedded hedging - where the inflation linked hedge has been embedded into the underlying facility agreements, or where this is provided for under the facility agreement.

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FX hedging and FX mis-selling: lessons learned

The UK clearing banks were forced to get their houses in order following the March 2013 FCA review into the sale of Interest Rate Hedging Products (IRHPs) to SME clients. With the review concluding that a massive 90% of sales to UK SME’s between 2001 and 2012 did not comply with one or more regulatory requirements, it was clear there were significant problems in the sales processes at the UK banks.

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Ring-fencing: the unintended consequences

Following the financial crisis in 2008 and the massive costs of the government bail-outs of RBS and Lloyds Banking Group, an Independent Commission chaired by Sir John Vickers, recommended in 2011 that UK banking activities be ‘ring-fenced’.

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