Meet The Edrington Group's Jacqueline Ball CA: World Whisky Day 2018
World Whisky Day falls on the third Saturday of May every year. We spoke to Jacqueline Ball CA, Group Treasury Manager at The Edrington Group, about challenges in the industry and her favourite dram.
What does your role involve?
As Group Treasury Manager, I work with our international banking partners and finance teams to secure funding and transactional banking facilities.
On a global basis, I am responsible for managing foreign exchange, interest rate and credit risk, in addition to cash management. KPI reporting and statutory reporting, for all financial instruments, falls within the remit of treasury and I manage the UK accounts payable and receivable function.
How did you find yourself in your current role?
I qualified as a CA with PwC and had the opportunity to specialise in treasury during that time. I spent the next nine years with Scottish Power in a variety of treasury roles, and in 2015 joined The Edrington Group as Group Treasury Manager.
The role presented an opportunity to share my knowledge and experience and work with the existing team to expand the treasury function in line with the increasing demands of the business.
What attracted you to The Edrington Group?
The Edrington Group is a rapidly expanding company, with a number of market-leading brands such as Macallan and Highland Park. The Robertson Trust, who own The Edrington Group, is the largest independent trust in Scotland. Edrington fund the Trust by way of dividend distributions, which subsequently allows the Trust to distribute grants to charitable organisations, helping improve the quality of life and realise the potential of people and communities in Scotland.
What part of your role are you most passionate about?
I love working with the finance and commercial teams across the group to identify areas where treasury can add value and support the growth of the brands. My role is so diverse and provides the opportunity to engage with people at all levels, in various roles, and gives you a real insight into the business as a whole.
Are there any challenges you foresee in the industry, and how do you think Edrington might future-proof against these?
Political and economic uncertainty presents a significant challenge, as trade and export are fundamental to the industry as a whole. Edrington’s global expansion acts as a means of diversifying specific market risk, and the Company works closely with various government and regulatory bodies to ensure we maintain an open route to market.
What sets Edrington apart from its competitors?
The basic ingredients and production of the spirit are similar across the industry. However, through careful cask selection, the skills of the master blender and the passion of the brand ambassadors, Edrington strives to provide the consumer with a unique experience.
Do you have a favourite product?
The Macallan Double Cask is my favourite. The combination of maturing the spirit for 12 years in sherry-seasoned European and American oak casks creates a whisky with a rich fruit and wood spice character, with hints of vanilla, citrus, toffee, raisin and light oak.