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CFO of the Future

Author

Listed:
  • Govender, Bash

    (Capco)

  • Monterio, Axel

    (Capco)

Abstract

Finance departments of major financial services organizations (FSOs) have undergone dramatic changes since the great crash of 2008. They have had to cut costs severely while still supporting an expanding portfolio of new regulatory and business requirements. As a result, they have been unable to fully benefit from the innovation boom of the past decade. In order to get a better understanding of the perspectives of the Chief Financial Officers (CFOs) of major FSOs on the current and potential operating models of the finance department, we interviewed a number of CFOs and finance executives across Europe and North America. We found that while the past decade has been tough on these departments, the future can be bright should they be able to institute the necessary digital innovations that the other departments and organizations have benefited from.

Suggested Citation

  • Govender, Bash & Monterio, Axel, 2019. "CFO of the Future," Journal of Financial Transformation, Capco Institute, vol. 50, pages 44-51.
    • Handle: RePEc:ris:jofitr:1634
    as

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    More about this item

    Keywords

    CFO; Financial Services CFO; Finance; Digital Finance;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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