 Welcome to the Irish Association of Corporate Treasurers' website. Our website has been updated to ensure we are providing a best in class service to our members, including a secure members' area and many more features. We hope you find the material available on this website useful and informative. If you have any comments or recommendations, whether on the website, its contents or any other matter associated with the Association, please feel free to contact us.
|
 |
 |
|
|
Many of us will be more than happy to put 2009 behind us! The early part of the year was indeed a very negative place for banks and corporates alike, and that is without even mentioning Ireland!
Fortunately, things definitively improved significantly as the year went on. The banking market stabilised (albeit at low levels), corporate bonds improved dramatically in line with equities, and Ireland’s CDS improved substantially. Let’s hope that the trend continues for 2010.
The last two years have really shown the need for businesses to properly understand the risks they face, and corporate treasury has been up in lights as a source of risk like never before! This has posed challenges for some corporate treasurers, but it has also allowed company boards to better appreciate what happens in their treasury operations and this can only be good in the long term. As well as that, more treasurers are being asked to look at parts of the business that wouldn’t have historically been seen as relevant to treasury. Areas such as pensions, insurance and commodity risk are now regularly being overseen or managed by treasurers, given the important financial risks that often exist therein.
So, in summary, corporate treasury is unlikely to become irrelevant in the near future!
In the same way, we in the IACT see the Association as more relevant than ever. Even though it is a small association, it has the ability to support and represent key functions in small to very large organisations across the country - at a time when those functions are being challenged to do more and to deal with more complex problems.
The Committee met recently to plan for 2010. At the meeting we reiterated the core objectives of the Association. These are to:
- Educate treasurers and other finance professionals in corporate treasury matters.
- Provide the opportunity for treasurers and bankers to network.
- To provide a forum to corporates to debate key issues and, if necessary, to lobby for change.
In 2010, we intend to focus on these core objectives.
In that light, we have set specific targets for the year. In summary these are:
- To organise at least five morning educational events. These events remain key to the Association. We plan to support the annual corporate treasury conference again this year.
- To run our very successful annual golf outing and annual dinner, the latter is a flagship event for us.
- To target all of the top corporates in Ireland to ensure that they have been invited to be members of the Association.
- Recognising our small size (but other important strengths), to seek links with other organisations to see if we can leverage each others strengths to mutual benefit.
- To continue to support the Graduate Certificate in Corporate Treasury run in conjunction with DCU, which is an important treasury qualification in Ireland and is a fast track to completion of the U.K. ACT exams.
- To form a Technical sub-committee to allow us to form views on important technical points and, if necessary, to lobby for specific outcomes.
In conclusion, 2010 will be an exciting time to be in treasury and I am delighted to be IACT President for the year. I would like in particular to pay tribute to Stuart Kirk, outgoing President, for his dedication to the Association in 2009, I am starting to fully appreciate the workload he had to undertake! Stuart will remain on the Committee in 2010. When combined with the strength and dedication of the other members of the Committee it is clear that we have the ability to have a very successful year.
Happy New Year!
Brendan Murphy
President, IACT
|
|
3rd March
Breakfast Meeting 7.45am-9.00am
Treasury Presentation by Greencore
Venue: Radisson Blu Royal, Golden Lane, Dublin 8
23rd March
Evening Meeting 5.45pm-7.15pm
Treasury Presentation by Bord Gais
Venue: Jurys Hotel, Western Road, Cork
14th April
Breakfast Meeting 7.45am-9.00am
Treasury Presentation by Bord Gais
Venue: TBA (Dublin)
25th June
Annual Golf Day
Venue: Dun Laoghaire Golf Club
15th October
Corporate Treasury and Cash Management Conference
Venue: TBA
Followed by: Annual Dinner
Venue: The Shelbourne Hotel, St Stephen’s Green, Dublin 2
For further details, please contact Michele Fogarty at info@treasurers.ie.
|
|
| |
|
|
