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.

COMPETITION	NAME	PTS
1st Prize Team Event	Korean Development Bank	83
Player 1	Tae Hee Kim
Player 2	Youngtae Shin
Player 3	Jinhyuk Yeo
2nd Prize Team Event	ING	80
Player 1	Maurice Kenny
Player 2	Cormac Langford
Player 3	John O'Connell
Members Prizes
1st Prize	Maurice Kenny (ING)	39
2nd Prize	Enda Mahony (DCC)	37
Visitors Prizes
1st Prize	Peter Curtin (Barclays Team)	34
2nd Prize	Jinhyuk Yeo (KDB)	34
Longest Drive	Ciaran Barry (Danske Bank)
Nearest the Pin	Paul Hogan (Deutsche Bank)

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

We are delighted that our conference last week was a huge success and that the networking opportunities throughout the day were much enjoyed. 

We thank all our participating speakers for the quality content and professionalism of their speaker participation throughout. Knowledge shared will no doubt be invaluable for all attending treasury professionals.

A thank you to our invaluable premium sponsors: Barclays and J.P. Morgan along with silver sponsors HSBC, Refinitiv and Aviva Investors; without whom the conference would not have been possible.

Congratulations to Smurfit Kappa who were presented with an award as the winner of the inaugural Irish Association of Corporate Treasurers ("IACT") Treasury Award.

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Speaker: Pieter Burger, Partner, Tax, Deloitte

Topic covered included: 

• The impact of the recent (October 2021) OECD landmark deal on international taxation reform (including Pillar 2 and the minimum tax rate of 15%) on corporate treasury centres in Ireland and financing in general
  
  
• Other international tax developments of relevance, including EU developments on public country by country reporting and non-cooperative jurisdictions
  
  
• Irish domestic tax developments relevant to corporate treasury, incl. the interest limitations rules and other relevant aspects emerging from Finance Bill 2021

Members can view slides from presentation here

Due to ongoing Covid restrictions, our Annual Golf Outing was rescheduled on several occasions before taking place on Thursday 7th October at the superb venue of the Grange Golf Club in Rathfarnham.

51 golfers enjoyed perfect conditions with a dry and mild day, followed by drinks and BBQ allowing for plenty of conversation and circulation among the participants.

Congratulations to our winners.

The John Walsh Memorial Trophy went to the overall winner Derek Mahon of Wealth Alliance, with the Team Prize going to Dongwan Kim, Tae Hee Kim and Jin Hyuk Yeo of Korean Development Bank.

In this webinar, a panel discussion was held on the latest LIBOR updates from various perspectives including obtaining rates, replacing LIBOR language in agreements, Hedging and the hidden costs you may not have considered. This panel comprised Chris Palmer, the JPM lead on the LIBOR transition project, Ciaran Corbally from PWC and Remco de Vries of Experian.

Members can view slides from this webinar HERE