President's Address

On behalf of the IACT Committee, welcome to the first newsletter of 2022.

As we are entering into the start of spring, the days are getting longer, the restrictions easing — plenty to lift our spirits!

2022 is the year of the Tiger, the year of the FIFA World Cup, Winter Olympics, Winter Paralympics, the French and Italian elections. In 2022 we have seen the first effects of the ibor transition with several indices being replaced. Tax reform is on the agenda as led by OECD, the Northern Ireland protocol may see updates following discussions between the EU and the UK, and the EU is driving the EU taxonomy agenda for sustainable finance.

On the economic side the first few weeks of 2022 have been volatile in markets to say the least. This year it is widely expected to see rate tightening by the FED and the Bank of England as well as tapering or even tightening by the ECB. After 12 years of easy money and cheap capital the consequences on markets are obvious in terms of elevated asset levels. An un-winding of risk taking will most likely impact developing markets, low profitable tech companies and speculative assets such as crypto currencies first.

Returning to the IACT, we have been lucky to have such an excellent conference last November in the Clayton Burlington hotel. It was almost unreal to be at a ‘live’ networking event again. Thanks to the excellent speakers, sponsors and exhibitors without whom the conference would not have been possible. In January we had the annual economic outlook webinar held together with CIMA Ireland and speakers from Barclays. Many thanks to all those involved in putting those events together.

For 2022 we will see some common themes that will drive our agenda: 1) Focus on growth for so many companies, 2) Sustainable finance and ESG 3) Digital transformation and different means of payments with for example real-time payments, digital Euro 4) Financial regulations (such as new indices for interest rates) 5) the Treasurer at the heart of the company and new ways of working.

In relation to events, work continues in preparing for the golf outing (28th April), the Annual Dinner (7th Oct), and 2022 IACT Annual Treasury Management Conference (22nd -23rd Nov), a Young Treasurers event (31st March), a joint event with the Irish Tax Institute (26th April), details of which will follow in due course. We are also putting together other activities for the first half of the year, which we will let you know of via the website ( email and LinkedIn. The 4th mentoring programme will kick off shortly. This programme has proven so successful over the past years and is a unique opportunity to connect and learn from some of the most experienced treasury professionals in Ireland. Furthermore, we have set up a sub-committee structure for various activities. We will be focusing particularly on Young Treasurers and Women in Treasury. We are grateful for the members helping and giving their time towards this work.

Finally, I would like to express my sincere personal thanks and that of the committee and members to Kevin Daly and Dympna Donnelly, both past Presidents who have decided to step down from the committee, having served for many years. Both have brought significant value to IACT, and we will certainly hope to see him at events in the future. Dympna who will step down at the end of April has kindly agreed to remain involved via a newly set-up so called Trustee oversight committee together with Remco de Vries and Anne Fitzgerald (both also past IACT Presidents).

Emer Murnane of Smurfit Kappa and John James Dunne of DCC have kindly agreed to join the committee, and I would like to welcome them and wish them all the best in their roles.

As ever, thank you to all the members, patrons, supporters and committee members for the continued support and feedback.

We hope to see you all soon,

On behalf of the IACT Committee

Meindert de Vreeze


European Association of Corporate Treasurers (EACT)

International Group of Treasury Associations (IGTA)

+353 1 610 8574 
Address: PO Box 10104, Lucan, Co Dublin


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