The European Association of Corporate Treasurers (EACT) has enlarged its membership to include members of Austrian and Romanian treasury associations. EACT's board voted unanimously in favour of welcoming the two associations, the Austrian Corporate Treasury Association (ACTA) and the Romanian Treasury Association (Asociatia Trezorierilor din România, ATR). According to the EACT's statement, it now federates 23 national treasury associations, covering 19 EU member states, as well as Switzerland and Russia.

EACT Chair Jean-Marc Servat, said: “We warmly welcome the Austrian and Romanian treasury associations as our members. Our association’s mission is to be the voice of the treasury community in Europe. The wider our community, the better we can represent treasurers, promote dialogue and share best practices amongst our members. Reflecting and embracing the diversity of treasurers in Europe is at the core of the EACT and we are very happy to count two more associations as our members. From its creation in 2002 by seven associations, the EACT has grown to be a truly European association, currently bringing together over 13,000 treasurers.”

European treasury perspective

ACTA is the second Austrian association to become an EACT member; it joins ÖPWZ - Forum Finanzen. The 23 member associations of the EACT represent treasurers in the following 21 countries: Austria, Belgium, Croatia, Czech Republic, Finland, France, Germany (two German associations: Association of Chief Financial Officers Germany and Verband Deutscher Treasurer), Hungary, Ireland, Italy, Luxembourg, Netherlands, Poland, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom.

Oana Doroftei, an ATR board member and senior treasury analyst at Romanian oil company Oscar Downstream, said: “The ATR was founded in 2015 and has been developing ever since. It is a logical step for our association now to become a member of the EACT and to contribute to a wider European community. We look forward to being involved in EACT’s work.” And ACTA board member, Jan-Martin Nufer, director of treasury & funding at Borealis, said: “The ACTA is a newly founded association, representing the Austrian Corporate Treasury community. Through our EACT membership we hope to offer our current and future members a European perspective, which is essential. We are keen to participate in the dialogue and exchanges with our peers and to help promote the treasury profession through the EACT.”