Ever thought about taking a year out from treasury but are unsure how you will get back into the profession? Or perhaps you’ve considered opening your own treasury consultancy but don’t know where to start? Read on to discover how Michelle Dovey has accomplished these feats – and much more.
How did you come into treasury and what attracted you to the profession?
I moved into treasury from a secretarial role at TI Group plc (now Smiths Group plc). I was looking for a more challenging role that involved numbers - accountancy lost... and treasury won. When I moved into treasury I’m not sure that I exactly picked the profession. I think that it was more the people that I would be working with. My manager in treasury, Carol Power, was inspirational. She worked her way from a secretary to a senior treasury manager in very male-dominated and old-fashioned environments (women couldn’t wear trousers at TI Group!). I had a lot of respect for her and she was passionate about treasury, I guess I wanted to follow that.
Over the next 20 years in treasury, I loved the variety in my day along with the ability to really make a difference to the company’s performance. The variety helps with my low boredom threshold and making a difference has meant that I look back with pride over all my positions. I guess this is why, when I decided to start my own business, it had to be with treasury in mind.
How has your career progressed through to the role that you hold today – including taking time out?
I’ve enjoyed a varied and encompassing career to date. I began my treasury career at an engineering company where I concentrated on foreign exchange hedging and cash management. I worked in five different roles in six years which gave me a great grounding in treasury. We implemented a new treasury management system, changed our interest rate hedging strategy and more over my six years there.