Raeburn named new ACT chief

The UK's Association of Corporate Treasurers (ACT) has named ex-KPMG partner Richard Raeburn as its new chief executive.

Raeburn has worked as a consultant to the ACT for the past 18 months, working on governance issues and building its online learning programmes. He fended off challenges from 56 other candidates for the job.

Until 2000, he was the lead treasury partner at KPMG and previously worked in corporate treasury, including food and drinks conglomerate Diageo.

The ACT represents corporate finance, risk and cash management professionals in the UK and elsewhere. It has more than 3,000 members, including representatives from most of the FTSE 100 companies.