The ASCT changes its name to 'The Finance and Treasury Association Limited', from Jan 1 1999
As a positive reflection of the evolution and maturing of the treasury profession, the ASCT changes its name. The decision to change the name had strong support with about one third of eligible members voting and of those about 80% supporting the resolution. The decision is seen as a positive reflection of the evolution and maturing of the treasury profession. The catalyst was the shift to value individual professional skills rather than the type of employing organisation of a member. The name chosen ‘ The Finance and Treasury Association’ is seen as providing continuity with the past, as well as reflecting the present and future realities. The breadth of the name is qualified by a positioning statement. ‘Promoting excellence in financial risk endorsed by the Council of FTA. The FTA will not be attempting to ‘be all things, to all people’. Above all, it will aim for excellence in providing information and education to its members, so that the profession can achieve recognition for its high professional standards.