‘My first job in capital investment appraisal consolidated my view that finance was where the action was,’ says David Cromwell, Post Office group treasurer, who is still convinced after 25 years with the Post Office. Cromwell, who has just been appointed chairman of the Council of the Association of Corporate Treasurers (ACT), joined the Post Office as a graduate finance entrant and became group treasurer in 1986. ‘My function as group treasurer means that I am close to the issues and problems that the ACT as the professional body has to address,’ he states.
His appointment comes as corporate treasury emerges as a separately identifiable profession reflecting a rapid change in the financial markets. ‘I am constantly dealing with problems for which the solutions have to be invented,’ he explains. ‘Treasury-related risk problems have a creative component, which the ACT shares. The association is also regularly consulted on its views across a wide spectrum of the City, legislation, regulation and control. This involvement in the leading edge changes on issues that affect our profession is extremely important and, I believe, adds considerable value to the end-outcomes of the proposed changes.’
The ACT is currently planning its direction and priorities with a view to the year 2000. Along with continuing the development of professional education for treasurers, Cromwell feels, ‘EMU is also engaging members, and we need to make sure that we can provide as much help and advice in this area as possible.’
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel