General Members Meeting
The highest body of the FSA is the General Members Meeting (referred to in Dutch as “ALV”). During these meetings, the members present have the final vote on proposed plans.
The Advisory Board (RvA)
The Advisory Board is a highly valued organ of the FSA. They are frequently consulted when it comes to extensive projects of the association, such as the Research Project. Additionally, they provide input to the FSA Inside committee.
The Supervisory Board (RvC)
The Supervisory Board plays a paramount role within the FSA. They listen to, advise, and supervise the current board, and are responsible for the annual appointment of new board members. The RvC consists of former board members and committee members of the FSA. Their expertise is indispensable for the strategy and continuity of the association.
The Treasury Committee monitors the treasurer in carrying out his/her tasks. Since many committee members have previously carried out treasury functions themselves, they play an important role in advising the current FSA treasurer.
The Board is responsible for the day-to-day management of the association. While every member has their own duties, together they function as a united entity that effectively pursues goals and implements strategies of the FSA. Additionally, each individual board member is responsible for a number of projects.
Every project organised by the FSA has its own respective committee. A committee consists of a number of committee members and one board member. The board member coordinates the project, monitoring progress within the committee and how the project is carried out within the association.
|Prof. Dr. A. Lucas|
|Professor Dr. A. Lucas currently carries out various functions. He is Professor of Financial Markets and Institutions at the VU Amsterdam, Director of Graduate Studies Finance at the Tinbergen Institute and the Programme Director for Risk Management at the Duisenberg School of Finance. Professor Lucas specialises in financial risk management and has had articles on this subject published in various international scientific journals. At the moment, his research is focused on models for both market and credit risk. Additionally, his fields of expertise include asset pricing, financial econometrics, and portfolio management.|
|Associate Prof. Dr. R.C.J Zwinkels|
|Mr. Zwinkels is Head of the Finance Master’s programme at the VU Amsterdam. Prior to this, he was Associate Professor at the VU Amsterdam and Head of the Finance Group at the Erasmus School of Economics. Mr. Zwinkels has an MSc in monetary economics from the Erasmus University, an MPhil from the Tinbergen Institute and a PhD from Radboud University Nijmegen. He has also worked as a guest researcher in Sydney and at the Auckland University of Technology. His research focuses on behavioural finance and expectations formations in particular. Mr. Zwinkels is a graduate teacher and has taught in various programmes and subjects, ranging from international economics to empirical finance.|
|Prof. Dr. A.W.A. Boot – Financiering|
|Arnoud Boot is Professor of Corporate Finance and Financial Markets at the University of Amsterdam and director of the Amsterdam Centre for Law & Economics. He is a member of the Social Economic Council (SER) and the Dutch Banking Board of the Nederlandsche Bank (DNB). In addition, he is a counsellor of the Riksbank (Central Bank of Sweden) and a Research Fellow at both the Centre for Economic Policy Research (CEPR) in London and the Davidson Institute at the University of Michigan. His research focuses mainly on corporate finance and financial institutions. Professor Boot’s publications have appeared in a number of reputable journals, including the Journal of Finance, the American Economic Review, the Economic Journal and the International Economic Review.
Prior to his current positions, he was a professor within the faculties of the J.L. Kellogg Graduate School of Management and Northwestern University in Chicago. During 2000-2001 he was a partner in the Finance and Strategy department of McKinsey & Company. In addition to his current academic functions, Professor Boot is a consultant for various financial companies and institutes. He is also the founder of the Amsterdam Centre for Corporate Finance, a “think tank” to promote the interaction between theory and practice.
|Prof. Dr. S.J.G. baron van Wijnbergen – Algemeen Economie|
|Professor Sweder van Wijnbergen is Professor of Economics at the Faculty of Economics and Econometrics at the University of Amsterdam (UvA). In 1997 Hans Wijers brought him to the Ministry of Economic Affairs, where he was Secretary-General until 1999. Mr. van Wijnbergen studied physics at Utrecht University and econometrics at Erasmus University. He is an MIT (USA) alumnus, where he studied economy. Between 1980 and 1992, Mr. van Wijnbergen was affiliated with the World Bank, the second half of which he held the position of Chief Economist. His research focuses mainly on international economics, finance, balance of payments and financial crises.|
|Prof. Dr. Ir. H. Rijken – Corporate Finance|
|Herbert Rijken is Professor of Business Finance at the Faculty of Economics and Business Administration at the VU Amsterdam. He studied Applied Physics at Delft University of Technology and Business Administration at Nyenrode University. In 1993, he was promoted to the Faculty of Applied Physics at TU Eindhoven. His education and research activities focus mainly on enterprise finance, especially credit risk and corporate governance.|
|Prof. Dr. B. van der Klaauw – Algemene Economie|
|Bas van der Klaauw is Professor of the Department of General Economics at the VU Amsterdam. In addition, he is affiliated with the Tinbergen Institute. His research is mainly empirical and concerns the microeconomic analysis of the labour market, education and health. In 2008, he received an ERC Starting Grant worth 550,000 euros for research into the evaluation of active labour market policy. As of 2009, he is co-editor of Labour Economics, the most important European journal in the field of labour market economics. He graduated with honours in 2000 from the VU Amsterdam.|
|Prof. Dr. T.L.C.M. Groot – Management Accounting|
|Prof. Dr. Tom Groot is Professor of Management Accounting at the Faculty of Economics and Business at the VU Amsterdam. He is also head of the Accounting group and director of the Amsterdam Research Centre in Accounting (ARCA) and an Honorary Member of the Association of Financial Controllers. His work is regularly published in national and international journals concerning performance measurement and assessment, management control, and financial management in both commercial and non-profit organisations.|
|Prof. Dr. P.J.P.M. Versijp|
|Dr. Philippe Versijp is a lecturer at the Finance Department of the Amsterdam Business School (UvA), where he is coordinator of the Finance & Organisation track. He is also an active freelancer through his company, which has led him to become the Academic Director of the Master’s course Agri & Food at Wageningen Academy and hold lectures for the Erasmus University Rotterdam (top lecturer award 2010), the University of Curacao and the Amsterdam School of Real Estate. His areas of interest include asset pricing (application of Stochastic dominance in this field was his promotional topic), methodology, commodities and derivatives. He deliberately chooses for education, where he is committed to understanding complex relationships – something that is not lacking in Finance!|
On a national level, the FSA acts as the chairman for the Financial Association of the Netherlands (FAN), a partnership that includes associations from Groningen (Risk), Rotterdam (FSR), Tilburg (Asset | Accounting & Finance) and Maastricht (FSFocus). The FAN believes that nationwide collaboration will result in complete and up-to-date information for students and increased opportunities for business partners. The FAN provides businesses with the ability to connect with students throughout the nation in an organised manner. Due to the important relationship FAN has with businesses, the association is continually striving for uniformity and transparency.
The Presidential Assembly of the University of Amsterdam is a platform for the presidents of all study associations affiliated with economics faculties at the UvA to meet and discuss.
In June 1996, the merging of the Financing Association Amsterdam (FAA) and the Accountancy Association Amsterdam (Triple A) became official. When the forces of these two associations united, the new entity was named the Financial Study Association Amsterdam (FSA).
Over the past ten years, the FSA has developed a clear philosophy: “The urge to improve is what makes the difference.” Pursuing this mission, combined with the driven, ambitious and enterprising students that the association has added to its committee members, has led to the FSA becoming the largest study association within the Netherlands.
When the FSA was established, there was a strong foundation already in place, which enabled the association to quickly continue expanding. The first goal of the newly founded FSA was to integrate the projects and members of the two FSA precursors and to formulate a clear FSA philosophy. Throughout this phase, those previously involved with the FAA and Triple A played a major role in organising a designated room for the FSA at the University of Amsterdam, as well as expanding to the VU Amsterdam. Additionally, new projects were initiated (such as the AMF and the London Banking Tour) and the first high-tech ‘386’ FSA computer was purchased.
By the end of the 1990’s, with a solid foundation, a clear mission and the amount of members surpassing the “magic 500” limit, the FSA had reached a critical mass. Existing projects were growing and evolving and ambitions continued to rise, resulting in a series of new projects intended for an even broader target group. No longer was the FSA only catering to finance and accounting students; it was now also involved with other actors, including international research projects and consultancies.
This period of growth was crucial for the FSA, as it gave the association a reputable name recognised by students, universities, sister associations and businesses alike.
In the past few years, the main focus of the association was on developing (new) projects and improving internal facilities (such as the computer room and the board room), which left the aspects of human capital and establishing a bond between association members lagging behind.
Through meeting with committee members, hosting open “borrels,” refreshing external communication and adopting a policy that strives to make the association more visible within universities, the FSA has been able to stimulate more committee members and re-establish a social and professional “association life” for students.
Currently, the FSA is in a phase where it is largely aimed at furthering the professionalization of the association. Our portfolio has grown into 17 projects catering to a broad member database of approximately 4000 students, of which most study in the fields of Finance, Treasury, Investment, Consultancy, Accountancy and Controlling at the University of Amsterdam (UvA) and the VU Amsterdam (VU).
The FSA’s professionalization process focuses on improving both the operational processes and facilities of the association. New boards and committees have the tendency to start their terms with endless new ideas, creating the desire to “reinvent the wheel” every academic year. Although this is of course very educational, it may take unnecessary time. Thus, the current goals of the FSA have proven to make progress for the association that is both valuable and sustainable. The project management team has, for instance, experienced enormous growth in recent years by developing specific scripts and a management information system, which members can log in to access information from previous projects (including previous organisers, locations, participants, companies). Additionally, in 2003, the association succeeded in allocating themselves at the VU Amsterdam by organising its own room on the campus at a central location. The impact that physically gaining ground at the VU Amsterdam has had can be seen in the significant increase in VU members since 2003.
As of 2017, the FSA maintains its reputation of a professional association, which also provides opportunities for informal, social interaction between its members. With around 4000 members, the FSA is reputable both inside and outside of Amsterdam. The association’s portfolio consists of 17 projects focused on accountancy, business, consultancy, economics and finance. These projects include business courses, inhouse days, conferences and a research project. In recent years, the project portfolio has grown to include a Governmental Economics Tour, Health Economics, and International Finance Days. Due to these projects, the portfolio has become hugely diversified. In the coming years, the FSA will keep up with time by continuing to promote innovation and diversity within the association. A final, notable development of the FSA is the entirely new ICT department that has been in place as of January 2016. Our website runs on WordPress, Salesforce acts as a CRM system and we use Mailchimp for the mailings.