The IACT saw another successful night run in the IFSC on Tuesday, as part of the GT 5k Run series where our 14 teams of 4 raced amongst a few thousand others from Dublin’s business community.  It was great to be able to get back out and run and socialise, after all the interruptions Covid brought.

There were lots of familiar faces, and a few new ones(!) as the rain held off to give perfect conditions for the fast and flat course along both sides of the river Liffey.

As usual, the ‘Afters’ are almost as important as the run, with everyone adjourning to the Hilton Garden hotel for refreshments and a catch up over some food, all the better to discuss the night’s activities.

The IACT had prizes for the ‘race within a race’ where all teams competed for trophies and prizes with AIG winning the Men's category and DCC the Mixed race. Congratulations are extended too, to Avril Barry of DCC as fastest lady in 24.17 and Segei Hee of AIG who had a very quick time of 17.00 as the fastest man.

Topic: The Future of Money

Speakers:
Elena Gomez, Global Domestic Payments Product Head in TTS at Citi 
Keith O Shea, Senior Dealer at Fexco 

Following on from the success of the inaugural event, the second Young Treasurers event took place at 5:30pm on 29th September.

Set in the trendy Rose Room in the Clarence Hotel, this event hosted by the IACT, provided young treasury professionals (0-5 years’ experience) with a unique opportunity to engage with and learn from industry peers on a similar career path.

The session focused on the “The Future of Money” with speakers Elena Gomez, Global Domestic Payments Product Head in TTS at Citi discussing the contest between physical and digital money and Keith O Shea, Senior Dealer at Fexco who discussed the use of Digital Assets by Treasury & the wide range on innovations on the Digital horizon.

This was followed by a speed networking exercise to accelerate young treasurers’ professional network before chilling with some drinks and nibbles.

IACT Breakfast Meeting

Speaker: Nina Noonan, Executive Coach 

Topic: Building High Performance Teams

View slides from this presentation: IACT Building high performing teams 230922.pdf

Executive Coach Nina Noonan with Edna Mahony from The Panel

Bastille Day, 14th July, saw the return of the sunshine for the IACT Race Night at Leopardstown where almost 30 members and guests enjoyed a full evening's racing, with a panoramic view of the final straight, from the comfort of the glass walled Pavilion.

Over a 3 course dinner and evening drinks, the eager punters pored over the race card and along with insider knowledge gleaned from the resident tipster, or any other info (perhaps the French name of their favoured nag?) that took their fancy, bets were placed and fortunes made. Well, it is all relative, but the table that got on a lucky 20-1 bet in the last race certainly weren’t complaining ! The Pavilion provided easy access to the racetrack and the bookies outside for those who wanted, while the Tote betting inside provided for a more relaxed experience.

The festivities concluded with the now customary post-race concert, with the Liberties' own songstress Imelda May belting out the hits to the crowd of over 5,000. The balmy summer evening contributed greatly to the atmosphere where the crowd swayed to the music and over a glass or two, discussed their winners and their also-rans.

The treasurer's maxim that 'past performance is not indicative of future results' may apply to the some of the horses running, but certainly not to the evening itself. We look forward to another successful running of the IACT Race Night next year. Who knows, we might see you there...?

Topic: Supply Chain Finance

Speaker: Anil Walia, Director of Deutsche Bank’s Supply Chain Finance (SCF) Payables in EMEA.

Members can view a recording of the webinar and slides HERE

The IACT Annual Golf outing took place on Thursday 28^th April. We were blessed with an afternoon of sunny skies and ideal playing conditions. After the golf, players enjoyed drinks on the terrace before moving inside for dinner and prizegiving, allowing for plenty of conversation and circulation among the participants.

Team ING: Maurice Kenny, Cormac Langford and John O'Connell.

Our thanks go to The Grange golf club staff who did a great job in getting us out on time and in tallying the scorecards to produce an individual winner, Maurice Kenny of ING, and team winners Korean Development Bank; Tae Hee Kim, Youngtae Shin and Jinhyuk Yeo.

Team winners, Korean Development Bank

This meeting was co-hosted with the Irish Tax Institute. Sarah Meredith, Tax Director with Grant Thornton delivered a technical update on recent tax changes including Interest limitation rules, OECD’s Two Pillar Solution, Transfer Pricing, and ATAD 3

This was followed by a  corporate treasury perspective from Kenneth Byrne, Group Tax director, Smurfit Kappa who gave a presentation on corporate strategy in an evolving tax environment to include commentary on the above topics from a practical perspective

A panel discussion was chaired by Pieter Burger, Deloitte, which was followed by Q&A and refreshments. 

The inaugural Young Treasurers Evening took place on 31st March in the trendy Blue Room at the Dean. It was the first in-person event without restrictions since the beginning of the Covid-19 pandemic. The evening provided young treasury professionals (0-5 years’ experience) with a unique opportunity to engage with and learn from industry peers on a similar career path. Non-members were welcomed to join and experience the benefits of joining the Association.

Meindert de Vreeze, IACT President, opened the event with an introduction to the IACT and the benefits of membership including details of the successful mentoring programme. Nicolas Christiaen, CEO and Co-Founder of Cashforce, took centre stage to tell his story about how he setup a state-of-the-art cash forecasting & working capital platform to spread his unique vision towards the “CFO of the future”! Nicolas touched on the innovative company culture and what it takes to run a FinTech company with a global presence. His story captured the attention of many attendee’s and prompted an intriguing Q&A session.

John James Dunne, Committee member focusing on Young Treasurer activities, reiterated several benefits of IACT membership from his own experience. He closed the event with a speed networking exercise to accelerate the professional network of the Young Treasurers. The exercise was a fantastic ice breaker as the informal networking continued for several hours over some drinks and nibbles.

The event received fantastic feedback from the Young Treasurer attendee’s and we hope to see them at IACT events in the near future.

Topic: European Economic Outlook 2022

Speakers: 

• Silvia Ardagna, Chief European Economist
• Yaroslav Shelepko  VP of Macro Research at Barclays

Members can view slides HERE

Topic: Sustainable Finance – supporting your sustainability agenda with financial solutions

Speakers:

• Lavinia Bauerochse, Global Head of ESG, Deutsche Bank‘s Corporate Bank
• Kevin Laubach, ESG Client Solutions, Deutsche Bank
• Lauren Neumann, ESG Client Solutions, Deutsche Bank

Topics covered included:

• Deutsche Bank’s ESG strategy, ambition and Sustainable Finance framework
• ESG drivers incl. regulation & reporting
• Short market view
• Instruments: UoP vs KPI-linked