33: The End of Cash? “No!" Says Clive Vacher, CEO of De La Rue plc

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 29 April 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today on the Money Maze Podcast we discuss the future of cash and bank notes. Throughout its history cash has inspired two persistent forces; fascination and forgery. Whilst the accepted narrative is that the use of cash is on a glide path to extinction, De la Rue’s CEO, Clive Vacher offers his view that such a perspective is both premature and contradicted by a growing population whose access to digital cash and e payments is not within reach. He argues that cash is still on the rise!

Clive who has been referred to as “the best turnaround specialist you haven’t heard of” starts with his upbringing and great academic successes and then describes his experience at companies like Rolls Royce and Bae before taking up the challenge of turning around De la Rue whose future had looked challenging.

Clive talks of the other business that sits alongside their globally deployed cash-production expertise, namely authentication and anti-fraud protocols. He explains why the authentication division is growing so fast, the theory behind a vaccine passport, tax stamps and their “traceology” platforms. He shines light on why these anti-fraud mechanisms have never been more relevant as counterfeiters have not locked-down and the value of such illegal actions are estimated by the WTO to exceed $2 trillion. Clive explains why he is excited about their future, why the 1000 patents they own have intriguing optionality, and why he has confounded the sceptics so far.

Finally he offers some potent advice about dealing with turnrounds, his role model in running a business, who he would like to fly with his helicopter license, and why his most important daily habit is talking to his employees.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Money Maze podcast. I'm Simon Brewer and Will Campion and I have created this show to explore and unravel some of the mysteries surrounding the investment business.
0:19.2	We hope through direct and insightful interviews with
0:22.2	masters of the real-life money maze, we're going to learn about different approaches to allocating
0:27.1	capital, making investment and business decisions, and navigating the pitfalls that lie in the paths to
0:33.4	prosperity. Whether you're a current or aspiring investor, entrepreneur, professional or student
0:39.6	exploring career options, we hope you gain some helpful insights and enjoy the shows.
0:45.1	You can keep up to date by visiting Moneymayspodcast.com and please sign up to our newsletter
0:50.3	to ensure you won't miss a release. If you enjoy the show, please subscribe and we'd love you to tell a friend or colleague about it.
0:57.6	Thank you for listening. We're delighted to announce that Schroeder's has become a sponsor and corporate partner of the Money Maze podcast.
1:08.3	Schroeder is a global investment and wealth manager with a purpose to provide
1:12.6	excellent investment performance to clients through active investment management. By serving
1:18.6	institutions and individuals worldwide, Schroeder serves wider society. Channeling capital into
1:25.1	sustainable and durable businesses accelerates positive change in the world.
1:30.2	Funding the future is a privilege. Shroeder's use it wisely and responsibly. As we know,
1:36.4	capital is at risk with investing. Bramont is also a sponsor of the MoneyMays podcast. Bramont
1:42.6	is an award-winning British company
1:44.4	that produces beautifully engineered chronometers
1:47.0	designed to appeal to those
1:48.9	who share the passion and appreciation
1:51.1	of the innovation and mastery
1:53.2	behind a beautiful mechanical wristwatch.
1:55.9	Brought to you by the luxury British watchmaker,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Money Maze Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money Maze Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.