With effect from 1 July 2015 Jean-Marc Servat takes over from Richard Raeburn as Chairman of the European Association of Corporate Treasurers (EACT). Richard is retiring from the role after more than seven years leading the EACT. During that time the EACT has had a significant impact on the post-crisis financial regulatory agenda within Europe, establishing the organisation and its members as having a legitimate voice on the detailed impact of regulation. Jean-Marc is an experienced treasurer and has previously represented the Swiss treasury association (ACTSR) on the EACT board. He brings a strong international background and understanding of the objectives of the EACT. Richard said: "There is still an enormous opportunity for the EACT to contribute to strengthening the treasury profession in Europe and to influence the development of policy as this impacts treasury management. I'm confident that Jean-Marc will do an excellent leadership job at the head of the EACT" Jean-Marc said: "I'm very excited to be taking over as EACT Chairman at a time when our voice continues to be vitally important in helping to build strong treasury management and careers for European treasurers."
Corporate treasurers are financial specialists within non-financial companies - but as end-users they are often impacted by EU legislation aimed at the financial sector.
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The latest issue features articles on the European Parliament elections, the trade war between China and the USA, bank account management in transition plus the news that Helmut Schnabel has been re-elected Chair of IGTA.
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The latest issue features articles on cryptocurrencies in the Czech financial market, cybersecurity, impacts of M&A on hedging operations and much more.
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The newsletter features a series of special reports on the EACT Summit 2019.
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KYC has become a serious concern for EACT members over recent years: it is increasingly complex to fulfil all unstructured and nonharmonized requests. In all recent surveys, KYC is listed as a top priority for corporates and its rising costs are a source of frustration.
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