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

Panellists: Elena Gomez | Global Instant Payments Head, Citi

John Walsh | Head of Domestic Payments & Receivables EMEA

Topics discussed included:

1. The Instant Payments landscape across the world

2. Key features and emerging innovations

3. Top live use cases

4. Key advantages and considerations for corporates

5. The European Landscape

6. Instant Payments and Open Banking

Members can view slides from this webinar HERE

The IACT together with the ACCA Leinster panel delivered a joint session “Talking Treasury” with hosts Jason Murphy and Aoife Glancy.  The key objective was to bring together finance and treasury professionals and discuss the key issues and trends in Treasury in 2021.  

A big thank you to panellists Dara Kavanagh, Director in EY, John Moclair, Head of Customer Group at Bank of Ireland and Susan McCarthy, Group Funding Manager at ESB for a lively and insightful discussion.

Speakers:

• James Pomeroy, Global Economist, HSBC
• Chris Hare, European Economist, HSBC
• Shanella Rajanayagam, Trade Economist, HSBC

James Pomeroy gave an update on the Global Economy with Chris Hare and Shanella Rajanayagam discussing trade issues and broader economic consequences of Brexit (UK, EU and Ireland).