INTERVIEW
Mr Jimmy Doyle or all the sides of the treasury function
Why have you decided to join PwC Dublin? Why PwC? I was honoured to have been asked to join PwC’s Corporate Treasury Services team in Dublin. Through my work with EACT I had been aware for some time of the high regard in which PwC is held by the corporate treasury community across Europe. Sebastian di Paola who leads PwC’s treasury consultancy team in Europe has been a great friend to EACT over the years and has worked very closely with Francois Masquelier in preparing the various EACT submissions to the Accounting Stan-
dards body on how they affect day to day treasury management decisions particularly in the area of hedge accounting. Why Dublin? I think this is a very exciting time for the treasury profession and the financial services industry here. Obviously Ireland has had to face serious challenges since the collapse of Lehman Brothers and the onset of the financial crisis in 2007. Despite our economic woes we have responded well to the crisis and the austerity measures introduced by the government have made Ireland much more cost competitive versus other Euro-
How do you see the treasury function in Ireland and more generally in the PIIGS countries? I guess it should be even tougher in some cases? Irish corporate treasurers compare very favorably with their European counterparts. There is quite a degree of sophistication in the treasury management of Irish companies. This is,
What are in your view the major challenges for corporate treasurers in Ireland first and in Europe in the coming three years? Firstly, I don’t think that the challenges in Ireland
LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE
pean centres. This has led to much greater interest in FDI into Ireland which in turn, of course, helps economic recovery. Quite a number of large multinationals see Ireland a good place to set up their global treasury centres.
in no small way, due to the educational efforts of IACT. The Association’s graduate diploma course in Dublin City University has produced approximately 350 graduates since it began in 1997 and this has provided Ireland with a good stock of well educated treasury specialists. In addition many of Ireland’s treasurers take the UK ACT’s professional exams.
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Jimmy Doyle joined a few months ago a big consultancy company in Dublin after 25 years spent in the corporate and banking treasury sectors. He has been also very active in the world of Treasurers’ Association first as a founder member and former President of the IACT and then for EACT and IGTA. More than anybody else, he has experienced all the sides of treasury function and is able to draw the future of treasury in a difficult economic context.
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Table des matières de la publication Trésorier/Treasurer magazine - n°80 - 1er trimestre 2013