An Interview with Luc Vlaminck, Group Treasurer, Rémy Cointreau
One of the best things about interviewing for this feature is being reminded every month that treasurers are fascinating people with a cornucopia of interests and motivations, quite beyond the normal cycle of daily cash positions and month end reporting. As Helen Sanders, Editor, illustrates, Luc Vlaminck, Group Treasurer of Rémy Cointreau, is a case in point.
How did you come into treasury and what attracted you to that profession?
My first commercial role was in the budgeting department which was part of the company’s accounting and forecasting function. I then joined SWIFT, which at that time was creating a treasury department, and was looking for people with corporate knowledge. This was my first step in treasury, and I was absorbed by the forward-looking approach and broad reach of activities. This inspired me to study at post-graduate level to increase my professional knowledge, and together, the combination of practical experience and academic study formed the basis of the treasury career I have followed ever since.
How did your career progress through to the role that you hold today?
I spent fourteen years at SWIFT, manly in treasury, and was then offered the role of European treasurer at UCB, a pharmaceutical company headquartered in Belgium. After a further seven years, I joined Ingram Micro as European treasury director. I spent four years there, at which point I joined Rémy Cointreau as group treasurer. At that time, now eight years ago, the company was setting up a global treasury centre in Brussels, and asked me to set up this centre and centralise the group’s treasury activities.