25th Anniversary of the Association of German Corporate Treasurers

At the end of October around 260 members and guests joined in the Palmengarten in Frankfurt to celebrate the 25th anniversary of the Association of German Corporate Treasurers e.V. (VDT), a founding members of the EACT. The day included a key note speech, the annual general meeting and a celebration dinner with several highlights.

Professor Dr. Volker Wieland, former member of the German Council of Experts for the Assessment of Macroeconomic Development, gave the key note speech titled "Monetary and exchange rate policy under pressure: war, energy crisis and inflation." He focused on three developments that are influencing the current monetary policy:

  • From Corona crisis to high inflation
  • War, energy crisis and recession
  • Monetary, currency and financial policy under pressure

The key note was followed by an on stage interview between Professor Wieland and Professor Dr. Heinrich Degenhart, VDT Board member.

The 25th annual general meeting covered recurring items such as reports from the expert groups, the VDT Board and the Supervisory Board. As the key topic for this annual meeting, the members were called upon to decide on a major change to the organizational structure of the VDT and subsequent amendments to the articles of association. Members of the Supervisory Board, Board and the Head of the VDT Office outlined the key contents as well as the objectives of the proposed resolution: "The Association of German Corporate Treasurers e.V. will be given a modern and future-oriented organizational structure for its further development. The aim of the new structure is to enable the rapidly growing association at all levels to meet current and future requirements in a timely manner - in terms of content, organization and operations." The proposed organizational structure and amendments to the articles of association were accepted by an overwhelming majority of the members present.

Subsequent to the approval on the future organizational structure, the Execuitve Committe was elected. The members are Prof. Dr. Heinrich Degenhart, Andreas Sowa, Regina Deisemann, Carsten Linker and Gregor Stephan. In its constitutive meeting, the Executive Committee in turn appointed Tim Staudt as executive Board member (full-time), Professor Dr. Christian Debus and Professor Dr. Franziska Kahla asas deputy and honorary Board members.

After completion annual general meeting, the festive part of the day started with the history of the association impressively being visualized live by a sand artist. Jochen Schwabe, initiator and honorary member, outlined the history of the association in the journey descripton "VDT idea - from Atlanta, via Vienna, to Frankfurt and Limburg“ with numerous references artistic impressions just seen. Dr. Jochen Stich, founding member of the VDT, together with early companions and current honorary members shared insights in a discussion on the topic "Doing is like wanting, only cooler: What does the future of treasury look like from a diagnostic distance?".

The final highlight of the evening was the performance of the Flying Light, which transformed the Palmengarten event location into a colorful sea of lights, creating a festive atmosphere for members and guests to exchange and network until late in the evening.


Photo from The Move from IBORs to Risk-free Rates – Where are we Now?

The Move from IBORs to Risk-free Rates – Where are we Now?

This article sets out where transition is from IBOR to risk-free rates across various currencies, what corporate treasurers need to watch out for, and what they need to be doing.

Photo from Bank Collapses Prompted Liquidity Rethink

Bank Collapses Prompted Liquidity Rethink

How can I better manage counterparty risk? And what are the alternatives to better mitigate my risk? These are the existential questions that treasurers are entitled to ask themselves.

Photo from FX Mambo Number 5

FX Mambo Number 5

In the latest EACT survey of corporate treasurers, market risk, including of course FX risk and commodity risk, was found to be the number five priority of European multinational companies.

Photo from What are the Priorities for Corporate Treasurers in 2023?

What are the Priorities for Corporate Treasurers in 2023?

In 2023, corporate treasurers are likely to focus on several key priorities to effectively manage their organization's financial operations and mitigate risks.

Photo from German Treasurers Face a Long To-Do List

German Treasurers Face a Long To-Do List

A banking crisis, Basel IV, sanctions, and ESG: German treasurers have a number of weighty topics on their agenda this year.